Question
The process of identifying and tracking high-potential
employees who will be able to fill top management positions when they become vacant is known asSolution
Succession planning is a process for identifying and developing new leaders who can replace old leaders when they leave, retire or die. Succession planning is an ongoing process that identifies necessary competencies, then works to assess, develop, and retain a talent pool of employees, in order to ensure a continuity of leadership for all critical positions. Succession planning is a specific strategy, which spells out the particular steps to be followed to achieve the mission, goals, and initiatives identified in workforce planning. It is a plan that managers can follow, implement, and customize to meet the needs of their organisation, division, and/or department.
How capital adequacy ratio is calculated:
Which of the following can NOT be the Member Lending Institutions for the Pradhan Mantri Mudra Yojana (PMMY)?
Which of the following term is used to describe the conditions imposed by the lender on the borrower that certain activities will or will not be ...
Who has been appointed as the convenor of the GST rate rationalisation panel?
What is the target of fiscal deficit as a percentage of the GDP, for FY24-25, as per the Union Budget 2024-25? Â
When was the upward revision of the MSME definition approved under the Aatmanirbhar Bharat Package?
Which of the following Statements regarding the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PM-JAY) is not True?
Under the Prime Minister’s Employment Generation Programme (PMEGP), what percentage of margin money subsidy is provided to special category beneficiar...
A banking company has to submit to Reserve Bank under Section 25(1) of the Banking Regulation Act, a return regarding its assets in India. The frequency...
Consider the following statements about Fiscal Policy statements mandated under FRBM Act.
1. Macroeconomic Framework Statement contains an ass...