What’s The Difference Between Succession Planning and Replacement Hiring?

Question

Accepted Answer

It is common for organizations to confuse succession planning with replacement hiring. Replacement hiring focuses on filling an immediate need for a specific critical role. There is less focus on employee talent development as it more of a reaction to necessity. Succession planning looks toward the future and developing strong bench of succession candidates providing a proactive solution when an unexpected loss of talent occurs.

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 Succession Planning Vs. Replacement Hiring