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Essay / Importance of Human Resource Planning - 2980
Then they are constantly moved from project, practice to practice and geographic area to ensure that a very performance does not operate within a narrow hierarchical structure. • The company also has a “think tank”, created consisting of people at both senior management level and below, these people are carefully selected for their strategic vision and their technological skills and in their field. This “Think Tank” plays an essential role in succession planning. In fact, it is another method of creating and nurturing leaders. • At the highest level, senior management succession planning is directly reviewed by the executive committee of the board of directors. Business/unit heads are invited to board meetings from time to time to make presentations to the board for updates. This provides the Board with the opportunity to periodically interact with senior management and assess values, skills and capabilities to help them identify suitable internal successors and provide feedback.5. OUR