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[Music] HR basics is a series of short courses designed to highlight what you need to know about a particular human resource management topic in todays HR basics we explore succession planning succession planning is the process of identifying high potential employees evaluating and developing their skills and preparing them for advancement planning for both the foreseen and unexpected absences of people who hold key roles in an organization is a task that we as employers often avoid or engage in only in an informal manner succession planning involves understanding the organizations long term goals and objectives identifying high potential people and determining workforce trends and predictions to avoid vacancies in key positions and ensure the stability of business operations succession planning is a critically important it also provides meaningful developmental opportunities to employees at all levels of the organization it also develops a diverse workforce by enabling decision-make
