Succession planning: The various Impediments of HR professionals
Author(s):
Dr. R Mahesh, Akshay Mahajan
Keywords:
HRM, Succession planning, talent management, organization effectiveness, competitive advantage.
Abstract
Succession planning helps ensure continuity of leadership so that the organization has the right leader in the right place at the right time. It is essentially about planning and coordinating human resources with business planning. Succession planning (or management succession planning) as part of HR planning must prepare successors to take key roles in the business, especially at critical points in the company's growth and development cycles. Future-proofing any organization in today's competitive and uncertain environment is its future leaders and preparing the rich talent pools of key individuals who will serve in future roles. It is the consistent preparation of this talent pool and future successors that gives an additional competitive advantage and an exemplary vision of a forward-thinking organization. The focus of this article is an overview of succession planning, why succession planning makes sense, and the challenges facing organizational and HR professionals. It focuses on the process, benefits and relationships between succession planning and effective talent management. This gives almost the entire organization a vision creative and strategic enough to maintain and ensure its competitiveness as a market leader with a strong employer brand.
Article Details
Unique Paper ID: 158448

Publication Volume & Issue: Volume 9, Issue 9

Page(s): 493 - 498
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