| dc.description.abstract | The COVID-19 outbreak has critically exposed the significance of having a sustainable
business continuity plan and the necessity of having a succession planning in place that
accounts for any emergency and tragedy events. If an organization fails to realize the
importance of having a succession planning, talent management practices and proactive talent
retention strategies in place, than they might be in a big trouble and this is high time that they
must ensure having a succession planning and talent retention strategy and talent management
practices on an emergency basis to avoid any future disaster. Succession planning helps an
organization to ensure its agility and long term sustainability by identifying, developing,
retaining and nurturing the right talents inside an organization so that the employees feel
motivated and tend to render greater efforts and longtime services as per their full potentiality
and wholehearted commitment towards discharging their duties with a view to uplift and
achieve the ultimate mission vision, goal and objectives of a particular organization. Having
this practice in place, this way they can see their growth inside the organization and finds
themselves in the pipeline for future leadership positions inside the organization. Similarly the
employees tends to serve for a longer time in his/her present roles hence the organization can
align the succession planning with the talent retention strategy which not only allows the
organization to ensure efficiency, long-term business continuity planning, but also minimizing
the external hiring and the cost involved with it | en_US |
