PAPER TITLE: HOW TALENT MANAGEMENT AND SUCCESSION PLANNING HELPS SUSTAIN THE EMPLOYEE JOURNEY
DOI-DS NO: 03.2025-31449292
DOI Link : https://doi-ds.org/doilink/03.2025-93486367/waims.1411015
Author/s
1Dr. Meenal Sukhlecha
1 Associate Professor, Department of Management Studies, Subodh Management Instutute, Jaipur
Abstract: Indeed your stylish most trustworthy workers will leave at some point. Some will jump boat and take a different position, some will retire and occasionally a hand dies. One of the most disruptive effects that can be to a company is the unforeseen need to replace a leader. Without a clear plan, a leader’s departure can produce confusion and massive threat to an association’s stability. To be truly operative, Succession plans must be generated long before they’re legislated. Having a Succession plan for primary places in a company is pivotal in maintaining the association’s norms and icing a high position of performance. A strong Succession plan can help ease transition phases with little or no interruptions, particularly in the case of an unplanned departure. Understanding the significance of succession planning can help a company sustain or upgrade its present staff. Talent Management is the process of managing a person’s professional journey within your company, end- to- end. It isn’t just about retaining and onboarding, it’s about the experience that a person has while working with you and how well you grease their development. Part of seeing the employee trip through to the end is planning for their eventual departure. However, you can review the employee’s talent in your organization; identify suitable people for upper roles, if you have a talent management system that supports your Succession plan. Among the numerous benefits to having a defined strategy for talent management and Succession plan, there are numerous reasons to produce one as soon as possible. By defining a Succession plan, your company affords itself the time and preparations necessary to ensure a smooth leadership transition. Succession planning is crucial to evolving other people in your company. When someone moves on, you want to ensure you don’t have a large abilities gap and investing in people and their own future is good practice. In this paper, we debate what Succession planning and Talent Management are, outline their significance, identify the benefits, and highlight tips for creating an effective plan and for handling wrong elevations. Also, how they both can go hand in hand to let the business sustain and reap nonstop gains.
Keywords: Succession Planning, Talent Management, Employee Journey, sustaining talent
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