The First Step in the Succession Planning Process Is To

question 36

Multiple Choice

The first step in the succession planning process is to:

• A) decide whether to "make" or to "buy" talent.
• B) identify key employees and their anticipated retirement dates.
• C) define the positions that are critical to the organization's strategy.
• D) assess the capabilities of current employees.

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Definitions:

Interest Owed

The amount of money that is due as interest on a loan or debt.

Repayment Date

The specific date on which a borrower agrees to pay back the principal and/or interest on a loan.

Employees

Individuals hired by a company or organization to perform specific duties in exchange for compensation.

Cut

To reduce or decrease the size, amount, or number of something.