A list of key personnel as well as possible successors within a business is called?

Question: A list of key personnel as well as possible successors within a business is called?

A list of key personnel as well as possible successors within a business is called a succession plan. A succession plan is a strategy that identifies and develops future leaders for the organization. It helps to ensure continuity, stability and growth of the business in the event of turnover, retirement or unforeseen circumstances. A succession plan also helps to retain and motivate high-potential employees by providing them with career development opportunities and clear paths for advancement.

Rjwala

Rjwala is your freely Ai Social Learning Platform. here our team solve your academic problems daily.