Review:
Succession Planning
overall review score: 4.5
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score is between 0 and 5
Succession planning is the process of identifying and developing internal employees with the potential to fill key leadership positions within an organization.
Key Features
- Identifying key positions
- Developing potential successors
- Creating a talent pipeline
- Ensuring business continuity
Pros
- Helps organizations retain top talent
- Reduces risks associated with leadership transitions
- Promotes employee development and engagement
Cons
- Can be time-consuming and resource-intensive
- Potential for bias in selection processes