succession planning yes

7/31/2019 Succession Planning Yes

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SUCCESSION PLANNING


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[ Definition - Succession Planning ]

Succession Planning is the process ofensuring a suitable supply of successors forcurrent and future senior or key jobs arisingfrom business strategy, so that the careers

of individuals can be planned and managedto optimize the organizations needs and theindividuals aspirations.


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1 : [ Meaning - Succession Planning ]

Refer to the process of planning for filling up the vacancies at

higher levels when they fall vacant due to retirement,resignation, promotions & transfer of top-level executives.

The need for succession planning may also arise when the

company is creating more top-level opportunities.

It may be from within the organization or people may berecruited from outside for filling up the vacancies.


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2 : [ Elements - Succession Planning ]

Identification of key position : Identify the keyposition likely to be affected by retirement,resignation, promotion or transfer

Appraisal of employees potential : HR managermust appraise the potentialities of the potentialemployees from within the org, to find out bestsuitable employees, who would match the

requirement of the vacancy at the higher level.

The manager would prepare & short list the mostpotential candidate for succession planning.


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3 : [ Elements - Succession Planning ]

Select of the right person : The HR managershould provide the list of potential employees tothe mgmt, which would facilitate the mgmt tomake a decision on the selection of the candidate

to fill up the vacancy at the higher level. Rightperson must be selected for succession planning.Length of service with the organization.

Training and Development : Providing T&D tocandidate under guidance of top executive who isgoing to retired.

Placement : Candidate would be placed at the

right job as and when post falls vacant.


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4 : [ Factors - Succession Planning ]

Factors considered inplanning Succession

Planning

Length of Service


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5 : [ Need & Importance - Succession Planning ]

Helps to fill up vacancies: Succession planning helps to

fill up the vacancies at right time. As & when the post fallsvacant, the candidate is made available to occupy thesame.

Recognition : The employees who are trained to take aposition at higher level feels that there services arerecognized and rewarded by the organization.

Motivation & Job Satisfaction : Succession planning

motivates the employees towards the work and alsoincreased job satisfaction. It helps to fulfill their higherlevel needs i.e. HIGHESTEEM needs.


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6 : Guidelines - Effective Succession Planning

Succession Planning should be customized to suit

the needs of the organization.

Succession Planning should be driven by the linefunction and not HR executives.

Succession Planning should develop keycandidates, in anticipation of future openings.

Succession Planning should not just be selection,but development also.

Succession Planning must be consistent with the

future strategic direction of the company.


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7 : [ Replacement Planning - Succession Planning ]

Replacement Planning is a process of replacing

candidate or employee with another employee or

candidate . The replacement can be done at the request

of the employee, when a person finds it difficult to

perform effectively in a particular position and or in a

particular place then he may request for transfer. The

company can also replace the employee with another

suitable employee.

succession planning yes

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