In any organization, a key employee is often seen as the linchpin—someone whose expertise, leadership, and institutional knowledge are irreplaceable. Yet, no matter how crucial they are, top talent can leave. Whether it’s for personal growth, new opportunities, or unforeseen circumstances, their departure can create ripples across teams and projects.
What is succession planning? Everything you need to know
What is succession planning?
Succession planning is a strategic process that involves identifying and developing potential successors for key leadership positions within an organization. The goal of succession planning is to ensure that there is a smooth transition of leadership when a key leader retires, resigns, or is otherwise no longer able to fulfill their responsibilities.
Employee Life Cycle Management with HR Responsibilities

Employee life cycle management refers to managing an employee’s journey from recruitment to retirement within an organisation. It involves various stages such as attracting, hiring, onboarding, development, performance management, succession planning, and off-boarding. The HR department plays a crucial role in managing this process and ensuring that each stage is carried out effectively and efficiently.
Tips for CEO Succession Planning
CEO Succession Planning: As an entrepreneur, it is your responsibility to find the right person to maintain the company’s success and assume leadership roles after you leave the CEO position. However, it is easy to get so caught up in day-to-day business operations that we forget succession planning.