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Asked by Jordan Tongen on Jul 05, 2024

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The effective implementation of succession management has been linked to several outcomes.One of these outcomes is the retention of key talent.

Succession Management

The process of identifying and developing potential future leaders or senior managers, as well as individuals to fill other business-critical positions, either in the short or the long term.

Key Talent

Individuals within an organization who possess critical skills or competencies that significantly contribute to achieving business objectives.

Retention

Strategies and practices aimed at keeping employees satisfied and engaged to reduce turnover and keep valuable talent within an organization.

  • Appreciate the significance of strategic succession management in engaging and retaining key personnel in an organization.
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Zybrea KnightJul 05, 2024
Final Answer :
True
Explanation :
Succession management involves identifying and developing employees with high potential for leadership positions within an organization, which can lead to the retention of key talent. By providing clear career paths and opportunities for professional growth, employees are more likely to stay with an organization that values their potential and invests in their development.

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