As chief of the company, how you set up a succession plan cause of retirement, promotion, moving to another company, or termination of employment ?

The no plan for any activity of the human resource activities on the link between human resources strategic plan of the institution and the plan, which is based on the vision and mission of the Organization and on the external and internal environmental analysis and is based on the involvement of all stakeholders in order to ensure proper implementation of its

that by sort current staff age and performance after that i can put my policy as per facts and #

 

Succession Plan Process

 

Step1: Identify critical positions

Critical positions are the focus of succession planning efforts. Without these roles, the department or agency would be unable to effectively meet its business objectives. Workforce projection data or demographic analysis is essential in identifying risk areas. A risk assessment may also be conducted and compared to current and future vacancies to identify critical positions within your organization.

 

Step2: Identify competencies

A clear understanding of capabilities needed for successful performance in key areas and critical positions is essential for guiding learning and development plans, setting clear performance expectations, and for assessing performance. By completing the process of competency or position profiling within your organization, current and future employees gain an understanding of the key responsibilities of the position including the qualifications and behavioural and technical competencies required to perform them successfully.

 

Step3: Identify succession management strategies

Now that critical positions have been identified and have been profiled for competencies, the next step is to choose from a menu of several human resource strategies, including developing internal talent pools, onboarding and recruitment to address succession planning.

 

Step4: Document and implement succession plans

Once strategies have been identified, the next step is to document the strategies in an action plan. The Succession Planning: Action Plan provides a mechanism for clearly defining timelines and roles and responsibilities.

 

Step5: Evaluate Effectiveness

To ensure that the department or agency’s succession planning efforts are successful, it is important to systematically monitor workforce data, evaluate activities and make necessary adjustments.

This is the rule of human life that man is going towards your grand life .every body does not know that every hours every minutes and every sec they should live. When death is come with no time of age you r young r elder so when u chief of the company you will must prepare your another apportunities like as house rent or worlshop rents or open Someshops some plaza beacuse they will help you in our future life