Reported about 1 month ago
Succession planning is crucial in the utility sector facing challenges like an aging workforce and high turnover rates. It aims to develop a pool of internal talent for critical roles while ensuring a smooth transition of institutional knowledge. The process includes identifying high-priority positions, developing core competencies, assessing internal candidates, and creating training programs to bridge competency gaps. Successful implementation requires ongoing evaluation and a commitment to employee growth to maintain operational excellence and organizational continuity.
Source: YAHOO