Become a Talent Magnet: Succession Management as a Retention Driver

Succession management – a top business priority for today

Despite the pressures of the war for talent, it seems succession management is often deemed “tomorrow’s problem” by business leaders. With five generations of employees in today’s workforce, succession management is not only becoming increasingly complex, but critical for business continuity and longevity.

Why is succession management so important?

What better way to retain employees than by providing clear career paths and the professional development required to move along those paths? By having a succession plan in place, it ensures organisations have a ‘Plan B’ in case key employees leave the organisation, take extended leave, or are unable to fulfil their duties.

This whitepaper will explore: 

• The current practices being used in succession management 
• The succession management challenges that exist in today’s rapidly changing world
• The role of technology in facilitating smoother, more agile and transparent succession management