Is Succession Planning Being Important in the Talent Management Process?

            In every ongoing organization, critical job roles are become vacant due to retirements and quitting the employees from the organization. Although employees are retired or quit organization should be driven towards its goal. For that human resources departments have to fill the vacant position quickly and correctly.

What is Succession Planning

“Succession planning is the process of selecting and developing key talent to ensure continuity of critical roles.”

Succession planning is mainly focused on critical roles, which means that it does not require a succession planning method for junior job roles, it is important for top-level job roles. Because the junior level can be easily replaced other than top-level roles. For some job roles organizations need specific talented people, to fill the gap organization should build a talent pool. That can be developed internally or by externally hired employees. So, the organization must ensure the smooth flow of the business in the long term and short term.

Succession Planning and Talent Management

The succession planning process should be aligned with the talent management process. Talent management focuses on the development of the employees on their career path but succession planning focus on filling the vacancy of critical roles. If there is a proper succession planning method critical role can be filled internally other than recruiting external experts. It helps to motivate the internal workforce.

Importance of Succession Planning

                Organizations can be facing suddenly the loss of top-level leaders by death or quitting the job for another organization. So, to keep the organization smooth running in the business succession planning is important.

To motivate the staff

To save money for recruiting

Ensure the smooth running of the business

Survive in an unexpected situation

Make future leaders

As an example, due to the lack of a proper succession planning program in the Srilankan cricket team after the retirement of the Mahela Jayawardena and Kumar Sangakkara, there was no individual to replace those two positions. So still Srilankan cricket team facing this problem.

References

Vulpen, E. (no date) What is talent management? all you need to know to get started. Aihr Academy [Online]. Available at https://www.aihr.com/blog/what-is-talent-management/. Accessed on 11^th December 2021.

Weeks, A. (2020) Succession Planning. Chartered Institute of Personnel and Development [Online]. Available at https://www.cipd.co.uk/knowledge/strategy/resourcing/succession-planning-factsheet#gref. Accessed on 11^th December 2021.