Developing and identifying new leaders for a company or organization is widely considered as a process which often called succession. Succesion of leader begin when old leaders die or retire, and it usually aims for preventing a power vacuum or continuity of leadership. In an empire, succession planning is identical with that of order of succession, whereas in business it has a main purpose, that is, to choose the right individual who has potential to fill leadership positions. So it is quite crucial for every business development. Take this as a process of screening, in which a person will be prepared to assume the role of leadership as s/he become available.
If we take such term in a narrow understanding, there is key role namely “replacement planning” which become the essence of succession planning. Every business will through this process, so it is safe to assume that the planning is common under the very modern meaning of industrial society. There is a 5 step process in every replacement planning, including:
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Succession planning is a function in HR management that is very vital for the future of organization. As the organization expands, there would be new roles to fill. As the time passing by, some key employees may go and leave an empty spots to be filled. Succession planning will guarantees that you will have employees ready to fill new roles and empty spots to ensuring company’s continuity.
Succession planning is important and beneficial for employer. A good succession planning will ensure each role; especially key roles in the company will be filled with strong players with enough knowledge and expertise in the correspondence fields. With succession planning, you will have the successor understand and used to the company culture and objective. Unlike recruiting new people, the successor from succession planning will easily adapt to his new role in the company and already have the same vision and mission with the company. In addition, the loyalty level commonly higher if you prepared your staffs from early stage.
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