Question

The process of developing a succession plan typically begins with

Answer 1

Succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation to replace employees who are aging out. A company must assess their current situation to plan the workforce of the future, including developing a plan to address succession of current workers as they leave the workforce due to retirement, attrition and other factors. This typically is another form of risk assessment that we are so familiar with in other areas such as ergonomics, safety, medical, disaster planning, etc.

Answer 2

Answer:

Choosing and preparing qualified personnel through mentoring, training, and job rotation to take the place of departing staff is known as succession planning.

Explanation:

It's a plan for finding and grooming future executives at all levels of your business. Succession plans are being used to address the changes that are unavoidable as a result of resignation, retirement, termination, illness, or death of personnel. By locating and preparing high-potential employees for advancement into important jobs, they ensure that the company is ready for all eventualities.

Below are some ideas to implement succession planning:

• Plan your succession in a proactive manner
• Be open-minded
• Create a hiring strategy using your plan
• Put your succession strategy through a test run
• Peak performers should receive training

Thus, succession planning can assist you in determining where to concentrate your recruiting efforts in this way.