Benefits and challenges of developing strong succession plan

Assignment Help Management Theories

Reference no: EM133200314 , Length: Word count: 1 Page

Assignment Task: Succession Planning

Succession planning is an individual intervention that can be used to assist organizations in systematically preparing current employees to fill key organizational roles. Many researchers have noted that when more Baby Boomers retire, there will likely be a gap in workforce knowledge, thereby impacting current generations a great deal. The importance of succession planning cannot be overemphasized.

For this Critical Thinking Assignment, you will be required to create a video, which includes the following:

Your definition of succession planning.

Statistics regarding succession planning (i.e., effectiveness, prevalence, etc.).

Benefits and challenges of developing strong succession plans.

An explanation of how succession plans can improve an organization's culture

Reference no: EM133200314

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