Successful succession planning is a process that helps in inspiring employee motivation. Moreover, it is a process where the human resource department of an organization ensures the recruitment and development of employees to fill each key role within the company. Furthermore, this process ensures no instances where there is no employee to fill a key role in the organization. It is an important activity as it involves developing talent bench strength within the company. As an entire generational workforce retires, there is a growing demand for succession planning strategies in various organizations. Succession planning enables the preservation of key qualifications while avoiding a costly recruitment process.
THE BENEFITS OF SUCCESSFUL SUCCESSION PLANNING
Primarily, successful succession planning identifies the needs of future employees. Also, it involves developing their key skills and competencies to ensure effective current and future leadership within the organization. Furthermore, it identifies and monitors different talent pools within the company to match the bench strength of available talent and the future needs of the organization. Additionally, succession planning involves inspiring employee motivation for the achievement of organizational goals and objectives. It motivates and engages employees as they can see a career path for their growth and development.
THE WAYS OF INSPIRING EMPLOYEE MOTIVATION
Inspiring employee motivation maximizes their productivity. Therefore, managers need to praise the employees that do a good job. Moreover, providing positive feedback encourages employees to continue with the good work. Additionally, the managers should treat them with respect. Also, they should allow honest complaints and criticism by allowing employees to express their opinions. It is also crucial for managers to ensure a healthy work-life balance for the employees within the company. Resultantly, this now only motivates them but also boosts their productivity. Furthermore, the development of employees for successful succession planning is a source of motivation for employees.