Question : Case Study 2:
XYZ Ltd. is a well-established pharmaceutical company that is planning to diversify its product range. The HR department is faced with the challenge of sourcing and training employees for the new divisions. Evaluate the following scenarios and choose the correct option:
Question:
XYZ Ltd. aims to fill higher-level positions by promoting employees who have consistently demonstrated exceptional performance. What process is being implemented here?
Option 1: Employee referrals
Option 2: Succession planning
Option 3: Recruitment
Option 4: Training and development
Correct Answer:
Succession planning
Solution : The correct answer is (b) Succession planning
When XYZ Ltd. aims to fill higher-level positions by promoting employees who have consistently demonstrated exceptional performance, the process being implemented is succession planning. Succession planning involves identifying and developing internal talent to ensure that there are qualified individuals ready to step into key roles as they become vacant. In this case, the focus is on recognizing high-performing employees and preparing them for promotion to higher-level positions within the organization. Succession planning is a strategic approach to talent management that helps ensure a smooth transition of leadership and key responsibilities.
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