Description
five pages
Explanation & Answer
Attached.
Running head: SUCCESSION PLANNING
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Significance of succession planning
Name
Institution
Date
SUCCESSION PLANNING
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Introduction
Succession in any organization is an aspect that leaves the human resources department
with a headache. They are left with a tough task to select who takes over some management
positions within the organization after an employee retires or opts for a new venture, or is not
part of the company any more. Sometimes, businesses and organizations take a short time to
replace an employee while other times they take longer time than needed to identify a suitable
successor in a certain position. Taking longer than it is necessary is dangerous as it creates a void
within the business as the functions of the person who is yet to be replaced are not dully
performed. This is where succession planning comes in. Succession planning is the prior
planning on who should take up which positions if need be. According to Delves in an article on
Forbes, succession planning “is the practice of identifying and developing in-house candidates
for top executive positions.” Delves continues to term succession planning as the most important
job of corporate boards (Delve, 2011). Through succession planning, the human resources
department assesses the skills and competencies of the employees in office, as well as the
requirements for people needed to take up the positions if need be, and also seeks to take up the
task of training and developing the possible candidates to fill the gaps in future. Many
organizations wait for there to be a void so that they can rush to plan for succession hurriedly.
However, this should not be the case as succession planning should be a dynamic on-going
process. This paper seeks to look at the importance of embracing succession planning as HR
function so as to have an understanding as to why organizations should embrace succession
planning.
Succession planning helps identify future leaders ...