HRM301 Chapter Notes - Chapter 8: Headcount, Career Management, Peter Drucker

• School: University of Waterloo
• Department: Human Resources Management
• Course: HRM301
• Professor: Vince Di Ruzza

Document Summary

Succession management:the process of ensuring that pools of skilled employees are trained and available to meet the strategic objectives of the organization. Succession management is part of the talent management process, which includes: In the past, succession management focused on the ceo only. Now, it focuses on the following critical roles: Replacement planning: the process of nding replacement employees for key managerial positions. Contribute to implementing the organization"s strategic business plans. Improve employees" ability to respond to changing environmental demands. Cope with the e ects of voluntary separation programs. Steps for succession management process: align succession management plans with strategy. Organizations must start with the business plan and strategies. Using environmental scanning, managers try to predict where the organization will be in three, ve, or ten years. Look at how technology and society are going to change and aligning your employees with your organization.