• Version
• Download 85
• File Size 449.74 KB
• File Count 1
• Create Date 27 May 2024
• Last Updated 27 May 2024

A STUDY ON STRATEGIC SUCCESSION PLANNING ENSURING A PIPELINE OF FUTURE LEADERS IN WORKFREAKS CORPORATE SERVICES PVT LTD

Mrs. Lakshmi, Assistant Professor, Panimalar Engineering College Ms. M VASUNTHARA DEVI, Student, Panimalar Engineering College

ABSTRACT:

This study investigates the importance of strategic succession planning for creating a continuous stream of future leaders. It focuses on five key areas: technological advancement, personnel retention strategies, training and development programs, performance management systems, and organizational structure. The research aims to identify effective practices for developing and maintaining a talented leadership pool. It examines the optimal use of organizational structures for smooth leadership transitions, the implementation of training programs to build essential leadership skills, innovative retention strategies, and performance management systems to identify and nurture high-potential individuals. Additionally, it explores how technology can transform succession planning processes. The goal is to provide businesses with actionable insights to build resilient and innovative leadership pipelines.