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What is succession planning in the context of human resources?

A strategy for increasing workforce diversity

A process for identifying and developing internal personnel to fill key business leadership positions

Succession planning is fundamentally a process designed to ensure that an organization has the right people in key leadership positions for the future. This involves identifying and developing talent within the organization to fill critical roles as they become available, thus supporting business continuity and long-term success.

By focusing on internal personnel, succession planning helps organizations cultivate the skills and knowledge of their current employees, preparing them for advancement and ensuring that the transition to new leadership is smooth. It is a proactive approach that not only mitigates the risk associated with turnover in key roles but also fosters employee engagement and retention by creating clear pathways for career advancement.

The other choices, while they may contribute to various aspects of human resources management, do not encapsulate the specific essence of succession planning. For instance, increasing workforce diversity, improving employee satisfaction, or outsourcing HR functions are not inherently linked to preparing individuals for critical roles within the organization, which is the core aim of succession planning.

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A method for improving employee work satisfaction

A framework for outsourcing HR functions

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