How Succession Planning in Business Helps Employee Retention ?

March 17, 2023 ⚊ 1 Min read ⚊ Views 75 ⚊ TECHNOLOGY

Businesses can maintain productivity and unhindered operations even when important staff departs for other positions through HRMS and succession planning. Furthermore, it could act as a liquidity event that enables the transfer of ownership in a running business to expanding employees. A wise strategy for businesses to ensure they can grow all employees, not just those in management or senior positions, is succession planning.

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