This report seeks to understand the principles of succession planning and to apply those principles to implement a development plan for a colleague within a retail organisation.
Firstly, the report outlines what succession planning is by looking at relevant literature and how it is applied across various aspects of developing a plan. The second part of the report then seeks to apply the learnings to a live situation. Finally, the report will conclude that succession planning in retail is imperative given the current employment environment.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- What is Succession Planning
- Developing a Succession Plan
- The Position
- The Candidate
- The Process
- The Review
- Assessment
- Colleague Background
- Duty Manager Position
- The Process and Plan
- Objective Setting
- Objective 1
- Objective 2
- Review
- Acting Up
- Training
- The Outcomes
- Conclusion
- References
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This report aims to provide a comprehensive understanding of succession planning principles and their practical application in developing a colleague's growth within a retail organization. It analyzes relevant literature to define succession planning and explores its application in real-world scenarios. The report concludes by emphasizing the importance of succession planning in retail, considering the current employment landscape.
- Defining and Understanding Succession Planning
- The Role of Human Resource Management and Planning in Succession Planning
- Developing a Comprehensive Succession Plan
- Identifying and Evaluating Potential Candidates
- Implementing and Evaluating Succession Plans
Zusammenfassung der Kapitel (Chapter Summaries)
The initial chapters define succession planning within the broader context of human resource management and planning. They examine the importance of identifying critical positions within an organization and the need for comprehensive development systems for employees. The following chapters delve into developing a succession plan, covering aspects such as identifying suitable positions, analyzing job requirements, and evaluating potential candidates. The report concludes with a discussion on the importance of succession planning in the contemporary retail environment.
Schlüsselwörter (Keywords)
Succession planning, human resource management, human resource planning, retail, development plans, employee development, talent management, performance management, job analysis, position analysis, critical positions, potential candidates, strategic planning.
Frequently Asked Questions
What is succession planning in a business context?
Succession planning is a strategic process of identifying and developing internal employees with the potential to fill key business leadership positions in the future.
Why is succession planning particularly important in the retail sector?
Given the current employment environment and high turnover rates in retail, having a development plan is imperative to ensure operational continuity and leadership stability.
What are the main steps in developing a succession plan?
The process involves analyzing the requirements of the position, identifying suitable candidates, setting development objectives, providing training, and regularly reviewing progress.
How does Human Resource Management (HRM) support this process?
HRM provides the framework for talent management, performance assessment, and the strategic alignment of employee development with the organization's long-term goals.
What is meant by "Acting Up" in a development plan?
"Acting Up" refers to a candidate temporarily taking over the responsibilities of a higher-level position (like a Duty Manager) as a practical part of their training and assessment.
- Arbeit zitieren
- Derek McCloskey (Autor:in), 2017, Succession Planning in Retail, München, GRIN Verlag, https://www.grin.com/document/428662
