Why is succession planning important for an organization? Why is it difficult for a manager to devis

Aug 25th, 2016
Studypool Tutor
Aberystwyth University
Price: $10 USD

Tutor description

Why is succession planning important for an organization? Why is it difficult for a manager to devise a succession plan? What are some of the obstacles that manager face when devising a plan for succession planning?

Word Count: 426
Showing Page: 1/4
Succession PlanningStudentCourseAffiliation NoLecturerSubmission DateIn every business institution, there is a point in time when there is a job vacancy due topeople retiring from job or attrition. However, the institution/organization must continue tofunctions as usual despite losing employees who were performing vital roles before. When acompany has a working succession plan, it becomes easier for them handle any unforeseenattrition that might affect the institution and prevent the company from substantial loss by suchattrition. Many companies perform succession planning for senior most employees so that afterthey leave the company, their attrition will not disable the regular business functions. Successionplanning should, however, be performed at all levels of employment inside an organizationinstead of focusing mainly on the top management team.Succession planning helps motivate employees altogether. When employees understandthat their organization has plans for their hard work, they will tend to work harder and staylonger in the company.For a manager to come up with a succession plan, he/she must be having an interestbeyond the business. If he/she doesn

Review from student

Studypool Student
" excellent work as always thanks for the help "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors