What is meant by "succession planning" in HR?

Succession planning in HR refers to the process of identifying and developing future leaders within an organization to ensure that there is a smooth transition for key roles when they become vacant. This proactive approach helps organizations maintain stability and continuity by preparing qualified individuals to step into critical positions as they arise.

It involves assessing current talent, identifying potential successors, and providing them with the necessary training and development opportunities to prepare them for these future roles. This strategy not only helps in retaining institutional knowledge but also ensures that the organization is ready for future challenges by having capable leaders ready to assume responsibilities.

Other options, while related to HR functions, do not encapsulate the primary essence of succession planning. For instance, reducing employee turnover is a different focus that addresses retention strategies rather than leadership preparation. Increasing workplace diversity and managing employee performance are also important HR functions, but they serve distinct purposes that do not directly relate to the succession planning process.