Succession planning is the process of identifying the deserving people in the organization with the potentiality to fill up the higher position. Succession planning helps to save money in the recruitment process, and it enhances the employee engagement and morale.Through succession planning, an organization tries to recruit and develop an employee to fill the key role with the organization.
Succession planning is a challenging job for an organization. There are many ways which can help in succession planning. Some of them are given below: