Succession Planning in Oracle HCM – Key Concepts and Structure

Purpose of Succession Planning:
Succession planning enables organizations to identify individuals who are ready or can be developed to step into key roles. It ensures continuity and helps manage workforce transitions smoothly.

Types of Succession Plans:

• Incumbent-Based Plan:
  Focuses on replacing a specific individual within the organization.

• Job-Based Plan:
  Identifies candidates for a particular job title, such as Business Analyst or Sales Representative.

• Position-Based Plan:
  Targets succession for a specific position like Senior Vice President of Sales or Assistant Marketing Manager.

Readiness:
Indicates how soon a candidate can step into the role. This helps prioritize development efforts and timeline planning.

Interim Successor:
Used when a candidate can temporarily handle the duties but is not a permanent replacement. They serve in the role until a suitable successor is finalized.

Talent Pool Integration:
Candidates from a succession plan can be added to talent pools. Talent pools help in managing developmental goals and preparing candidates through structured learning and experience for future roles.

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