Category:Translation Priorities: Optional.
Writen By:LeadNet team

Succession Planning is a process that helps companies to be prepared for the (unexpected) leave of the key people from key functions. Succession Planning means the company is prepared for such situations by identifying and developing potential successors who should be ready, prepared but also willing to take over new roles.

The process should be aligned with the business strategy and plans and managed in full coordination with HR department.