What Is the First Step in Succession Planning

question 15

Multiple Choice

What is the first step in succession planning?

• A) creating an applicant pool
• B) identifying and analyzing key needs
• C) selecting who will fill key positions
• D) developing the strengths of current employees

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Definitions:

Flexible Benefit Packages

An employee benefits plan that allows employees to choose from a range of benefit options to customize a package that best meets their needs and preferences.

Child Care

A service involving supervision and care of young children or babies, provided by someone other than the child's legal guardians.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured or provides reimbursement for such expenses.

Employee Benefits

Additional perks or compensations provided to employees on top of their regular salary, often including health insurance, retirement plans, and paid time off.