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Succession planning

What is Succession planning?

The process of identifying high potential employees capable of taking up top management positions when vacancies arise is called Succession planning. In other words, it refers to the passing of management roles to another potential employee to ensure leadership continuity, especially for critical positions. It is an ongoing process of identifying competencies, assessing works, developing strategies, and retaining a talent pool of those who are worthy to succeed in critical management roles.

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