What is a succession plan in HR management?

A succession plan in HR management refers to a strategic framework aimed at identifying and developing future leaders within an organization. This process ensures that there are capable individuals ready to step into key roles as they become available, thereby maintaining continuity and stability within the organization.

Succession planning goes beyond merely filling positions; it involves preparing high-potential employees through coaching, mentoring, and development opportunities. This proactive approach minimizes disruptions that might occur from unexpected departures of leaders and helps the organization maintain its performance and culture over time.

The other options, while related to HR practices, do not encompass the core idea of succession planning. A policy for employee health and safety focuses on ensuring workplace safety and compliance with regulations. Reviewing employee performances is a part of performance management, assessing how well employees meet their goals and objectives, but does not specifically address the topic of leadership continuity. A recruitment method for hiring new staff deals with acquiring new talent for the organization but does not involve the internal development of current employees for future leadership roles.