Succession planning is to identify, develop and make the people ready to occupy higher level jobs as and when they fell vacant. Succession may be from internal employees or external people. Organizations appraise employee potentialities, identify training gaps for future vacancies, and develop them for higher and varied jobs.
The scope of succession plan would be more when the organization grows steadily and employees have potentialities to take up higher responsibilities. Mentoring helps in developing subordinates and employees at lower level and outside people and makes them eligible for higher level jobs.
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