succession planning in career planning hrm

1. SUCCESSION PLANNING
Presented by,
SHRUTHI.R.NAIR
II SEMESTER MBA

2. DEFINITION
 Succession planning is a process of developing
talent of the employees to meet the needs of
the organization now and in the future.
 Succession Planning can be defined as a
purposeful and systematic effort made by an
organization to ensure leadership continuity,
retain and develop knowledge and intellectual
capital for the future and encourage individual
employee growth and development.

3.  Succession Planning is a process for identifying
and developing internal people with the
potential to fill key business leadership positions
in the company.
 According to Bohlander and Snell, “Succession
planning is the process of identifying, developing
and tracking key individuals for executive
positions”.

5. Characteristics Of Succession Planning
 Balance between individual and
organisations.
 Broadening experience by lateral moves.
 Roles, Not jobs
 Competencies
 Links with Business planning

6. Objective Of Succession Planning
 To maintain organisation performance.
 To handle voluntary separation.
 To help employees realise their career plans.
 To improve employee morale.
 To build leadership potential.

7. Types Of Succession Planning
 Role-Based: It focuses on finding potential
replacements for each middle and upper level
manager in an organisation.
 Individual-Based: It involves first identifying people
already working for the organisation who have a high
potential for advancement. After identifying an
individual, the organisation focuses on helping to
develop that person’s skills.
 Pool-Based: Organisation focuses on a large number
of people, or groups of people, with the potential to
move into several or all of the management positions.

8. Significance Of Succession Planning
 Benefits the business.
 Gives our colleagues a voice.
 It can help sustain income and support expenses.
 It gives you a big picture.
 It strengthens departmental relationships.
 It keeps the mood buoyant.

10. THANK YOU