Succession Planning

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Title: Succession Planning

Essay Details:

Subject: Miscellaneous

Author: Mary B

Date: November 22, 2016

Level: University

Grade: A

Length: 3 / 710

Essay text:

However globalization and liberalization has fuelled the growth of economies generating numerous job opportunities, but the existing workforce is unable to meet the demands of the market, which has stimulated the human resource professionals to think of succession planning. Some statistics in favor of the statement are given below: 1. In 2005, one in seven of the world's largest companies made a change in leadership compared with only one in 11 a decade earlier. 2. In the year 2000, a Retention Practices Survey conducted by the Society for Human Resource Management reported that the highest rate of resignations occurred within professional ranks...

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