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

Aug 25th, 2016
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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?

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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

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