Which of the following is not true about succession planning?
A. It helps retain managerial employees
B. It ensures top-level managerial talent is available
C. It happens on random basis
D. It identifies high-potential employees
E. It provides development opportunities for managers
Answer (2)
Succession planning is a strategic process used by organizations to ensure that they have the right people ready to step into key positions when they become available. It is vital for maintaining stability and continuity within a company.
Here is a detailed look at what succession planning entails:
Objective : The primary goal of succession planning is to identify and develop potential future leaders or senior managers to fill important roles as they become available. This involves assessing current employees' abilities, performance, and potential.
Identification of High-Potential Employees : Integrally, it involves tracking and identifying employees who have the potential to rise to leadership roles within the organization. These are often individuals who show exceptional skill, ability, or promise.
Development Opportunities : Succession planning provides opportunities for high-potential employees to develop their skills and competencies. This can be done through training, additional responsibilities, mentorship programs, or special projects designed to prepare them for future roles.
Retention of Talent : Organizations use succession planning as a way to retain managerial employees by showing a clear path for their career advancement, which increases job satisfaction and reduces turnover.
Ensuring Availability of Top-Level Talent : By actively developing a pool of capable candidates, companies can ensure that top-level managerial talent is readily available when needed.
Not done on a Random Basis : Succession planning is a deliberate and structured process, not something that happens randomly. It requires strategic thinking and careful planning to align the development of employees with the organization’s future needs.
In the context of the question, the statement that is not true about succession planning is: 'It happens on random basis.' Succession planning is a systematic and planned process, not something that occurs spontaneously or without forethought.
The statement that is not true about succession planning is that it happens on a random basis. In fact, succession planning is a structured and deliberate process aimed at preparing employees for future leadership roles. Therefore, option C is the correct choice.
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