McGee, Rita
October 2008
People Management;10/16/2008, Vol. 14 Issue 21, p65
The article offers tips for succession planning. When calculating replacement costs, include time to recruit, costs of advertising, interviewers' time, psychometric testing, induction time and on-the-job learning. Highlight the positions which, if left vacant, will have a detrimental impact on the organization. Measuring the value of the relationship and identifying a suitable time to introduce a successor needs to be part of the planning.


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