Planning Of Succession Planning And Its Impact On Organizational Performance

1412 Words Oct 3rd, 2015 6 Pages
This paper gives new research data and an approach to succession planning. It will add value to senior HR professionals and executive teams in organizations who are concerned about effective succession planning and talent management which will be an added advantage to the companies.
Purpose:
Introduction: The present study is conducted to measure the practice of Succession Planning and its impact on Organizational Performance in IT companies based in Bangalore. This city was once known for its lush farmlands, and is now a home to some of the best international and domestic technology companies which are creating millions of jobs for young Indian engineers from all across the country.
Introduction to Succession Planning:
About Sucession Planning
Succession planning is a process for identifying and developing internal people with the potential to fill key business leadership positions in the company. Succession planning increases the availability of experienced and capable employees that help them to prepare themselves to assume these roles as an when they become available.
Taken narrowly, "replacement planning" for key roles is the heart of succession planning. Effective succession or talent-pool management concerns itself with building a series of feeder groups up and down the entire leadership pipeline or progression (Charan, Drotter, Noel, 2001).Smart Succession planning is long-term project whose end results are always well worth. In business terms the hardest part of…
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