Succession Plan

HR Glossary for HR Professionals

Glossary of the most common HR terms and acronyms to assist professionals navigating the ever-growing and ever-changing world of HR terminology.

Succession Plan

What is a Succession Plan?

A succession plan identifies and develops new leaders who replace old leaders when they leave, retire, or die. The process of succession planning prepares experienced employees to assume roles as they become available. HR business partners can help provide guidance when a company faces restructuring and succession planning.

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