Competency-Based Succession Planning

Planning for the succession of people to succeed an organization’s leaders and managers is critical to the survival and growth of companies. Attracting and retaining high potential employees for key positions requires an effective HR strategy. Questions to consider are: What will our company look like three or five years from now? What competencies will our managers need to have then? How do we ensure that we have such managers? How do we retain and motivate such employees?