Succession planning is the process of identifying and developing internal talent to fill key leadership roles in the future. It helps organizations ensure continuity in leadership and mitigate the risk of sudden vacancies in critical positions.

The process involves assessing current employees for leadership potential, offering development opportunities, and preparing them for future responsibilities. It often works in tandem with talent mapping and performance reviews.

Effective succession planning strengthens organizational stability and boosts employee engagement. By investing in internal talent, companies can reduce recruitment costs and ensure cultural consistency across leadership transitions.

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