Policies
Succession Management Policy
- OBJECTIVE
Identifying potential suitable replacements for key positions and preparing them for such positions.
- WHEN TO APPLY?
- When, because of the market demands, it is required to ensure the continuity of key business functions
- To retain the know-how
- To develop and retain key people
- BENEFITS
- Providing stability to the functioning of the organization
- Managing internal knowledge effectively
- Attracting and retaining key people
- PHASES
Phase 1: Identification of key posts
Phase 2: Identification and evaluation of potential occupants
Phase 3: Development of succession maps
Phase 4: Preparing and monitoring the succession planning
- RELATED PROJECTS
Organizational effectiveness; Retention of high potentials and talent development; personnel evaluations.
