Succession Planning
Definition:
Succession Planning refers to mapping out the potential movement of current staff into leadership roles into the future to prevent skills gaps and inadequate management skills.
It refers to the process of developing and identifying potential future managers and leaders and other talent to fill in roles within the organization. This process creates a line of succession to identify which employees are inline to move upwards in the organization.
Part of speech:
noun
Use in a sentence:
It is an great advantage to use succession planning, as it helps the organization for the near future, in ensuring that there are no skill gaps and to avoid wrong managerial practices.
