HRM 3430 Lecture Notes - Peter Drucker, Headcount, Job Analysis
3 Jan 2013
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Document Summary
Importance of succession the process of ensuring that pools of skilled employees are trained and available to meet the strategic objectives of the organization. Replacement planning - the process of finding replacement employees for key managerial positions. Replacement planning has evolved into succession management by: broadening the focus. Expanding the time horizon looking at a longer term: creating a talent pool of replacements. Reasons for succession management: provide opportunities for high-potential workers. Increase the talent pool of promotable employees: contribute to implementing the organization"s strategic business plans, help individuals realize their career plans, tap the potential for intellectual capital, encourage the advancement of diverse groups. Improve employees" ability to respond to changing environmental demands. Improve employee morale: cope with the effects of voluntary separation programs, decide which workers can be terminated, cope with the effects of downsizing, reduce headcount to essential workers only. The process involves 5 steps: align succession management plans with strategy.
