SlideShare a Scribd company logo
1 of 7
Succession planning
Succession planning is not an issue that many organizations address in any systematic way.
Because many nonprofits are small (with fewer than 10 employees) and because they may be
facing other organizational challenges, thinking about who the next executive director might be
or what would happen if the director of finance suddenly left is not high on their priority list.
There are many reasons why organizations need to be thinking about succession planning. The
most important reason, of course, is that we rely on staff to carry out our missions, provide
services and meet our organization's goals. We need to think about what would happen to those
services or our ability to fulfill our mission if a key staff member left.
Another reason to focus on succession planning is the changing realities of workplaces. The
impending retirement of the baby boomers is expected to have a major impact on workforce
capacity.
 Vacancies in senior or key positions are occurring in numerous organizations
simultaneously and demographics indicate there are statistically fewer people available to
fill them.
 There is no emerging group of potential employees on the horizon as in past generations
(i.e. baby boomers, women entering the workforce, large waves of immigration).
 Many organizations eliminated middle manager’s positions during restructuring in the
1980s and 90s and no longer have this group as a source to fill senior level vacancies.
 Younger employee interested in moving up do not have the skills and experience required
because they have not been adequately mentored. This is because middle employee, who
would normally perform this type of coaching role, were eliminated.
With careful planning and preparation, organizations can manage the changes that result from a
generational transfer of leadership as well as the ongoing changes that occur regularly when key
employees leave an organization.
Although the type and extent of planning will be different, organizations both large and small
need to have some sort of succession plan. Effective succession planning supports organizational
stability and sustainability by ensuring there is an established process to meet staffing
requirements. Boards and executive directors can demonstrate leadership by having the strategies
and processes in place to ensure that these transitions occur smoothly, with little disruption to the
organization.
Company Overview
It’s an instant of exult to introduce ourselves to our clients and
patrons. We corroborate whatever we have achieved; its credits
should be directed towards our clients.
We instigated our journey in 2002 as a concern of Faiyaz Group in
the name Apparels Village Ltd. (AVL). AVL is a vertical knit
composite textile unit having an average daily production capacity
of 35000 pieces of knit garments with ladies, gents and kids items.
As a composite knit textile, AVL boasts a dyeing unit with a
production capacity of 9.4 tons per day and the knitting unit with a
production capacity of 5 tons per day.
Regular capital reinvestment is an integrated part of the company’s
management idea and has resulted in new state of art Woven unit
with a production capacity of 12000 pieces woven garments per day.
As an export oriented company, AVL mostly caters for customers
based in the European and the American (north & south) countries.
The prominent buyers of AVL are C&A, Oviesse, NKD,
Arientation, and SRG Apparel.
We have come all the way more than one decade with self-reliance,
integrity and superiority of being proficient to meet our valued
customer’s requirements by producing top worth garments in an
amusing atmosphere and meeting timely delivery.
Management Organogram
Chairman
AliyaMirza
Managing Director
Md. Monir Hossain
Director of Finance
Mohammad Ali Reza Ahmed
Director of Operations &Marketing
MirzaFaiyaz Hossain
DGM Knitting
K.M. Monsur Ali
DGM - Dyeing
Monjur Hossain Khan
AGM- Woven
Jahangir Alam Mohon
Finishing Manager
Biddut Pramanik
Production Manager
Bulbul Ahamed
Production Manager
Ripon Bhuiyan
Production Manager
Altab Rahman
Marketing Manager
Md. Rafiqul Islam
Marketing Manager
Md. Aktaruzzaman khan
Head of Admin
A.K.M Azizul Islam
R & D Manager
Cyrus Raihan
I. S. Manager
Md. Nawshad Nakib
Sr Manager Inventory
M. Masrullah
Manager, Accounts
Adu Sabbir Md. Saifullah
AGM, Banking
A A Y Mehedi
Manager, Treasury
Md. Hasibur Rahman
Succession planning in Faiyaz Group
AVL’s organizational Succession planning is designed to ensure the availability of qualified and
motivated internal employees or means of recruiting them to fill key positions.
In this process Faiyaz Group prefer develop their internal or existing employees.
Internal Process
Step 1: Identify critical positions
Critical positions are the focus of succession planning efforts. Faiyaz Group consider workforce
projection data and demographic analysis is essential in identifying risk areas. A risk assessment
also be conducted and compared to current and future vacancies to identify critical positions within
the organization.
Step 2: Identify competencies
A clear understanding of capabilities needed for successful performance in key areas and critical
positions is essential for guiding learning and development plans, setting clear performance
expectations, and for assessing performance. By completing the process of competency or position
profiling within organization, current and future employees gain an understanding of the key
responsibilities of the position including the qualifications and behavioral and technical
competencies required to perform them successfully.
Step 3: Find and assess potential successors.
First collect all the information of candidates including their performance. In this step, set 03
criteria to select employee for the written text.
The employee should be work more than 03 years after the confirmation, the experience as a
manager is excluded in this process.
Check whether these selected employees according to the first criteria have been given any
warning letters, whether they have any financial irregularities and financial corruption according
to the monitoring executive. For this consider previous 03 years’ information.
In this process according to the criteria no 03, the selection process is like this:
 If any employee has got any Warning letter that employee will not eligible for the written
text.
Then preliminary selection completed.
Interviews
Faiyaz Group interview internal applicants with the assistance of the current human resources
department and company leaders. Sometimes FG hire an outside firm to assist with interviews
can help prevent unfair biases or advantages, as the hired experts do not have personal
connections to the applicants. In any regard, interviews are one of the ideal ways to learn more
about an employee, her expectations and her loyalty to the company.
Feedback
While a company can only select one employee to fill a vacant position, a succession planning
process is a good way for it to provide feedback to employees wishing to advance professionally.
While the number of internal vacant positions is limited, the opportunities to provide promising
employees with quality opportunities to grow or improve their performance is not.
Step 4: Document and implement succession plans
After collecting the lists, keep those by filing for future consideration.
Step 5: Evaluate Effectiveness
To ensure that the department or agency’s succession planning efforts are successful, it is
important to systematically monitor workforce data, evaluate activities and make necessary
adjustments.
Faiyaz group try to measure the effectiveness by the performance of the employees but it is very
time consuming.
Conclusion
Succession management is at the core of strategic, long-term organizational viability. Aligning talent with
business strategy in this way enhances the prospects of delivering on short- and long-term objectives.

More Related Content

What's hot

employee turnover
employee turnoveremployee turnover
employee turnoveramul
 
Human Resource Management Practices Of IGI Insurance Pvt Ltd. Report.
Human Resource Management Practices Of IGI Insurance Pvt Ltd. Report.Human Resource Management Practices Of IGI Insurance Pvt Ltd. Report.
Human Resource Management Practices Of IGI Insurance Pvt Ltd. Report.Furqan Aslam
 
HR Practices at HUL
HR Practices at HUL HR Practices at HUL
HR Practices at HUL Madhav Desai
 
Sample Assignment on Human Resource Management
Sample Assignment on Human Resource ManagementSample Assignment on Human Resource Management
Sample Assignment on Human Resource ManagementAdam Jackson
 
Human Resource Managment
Human Resource ManagmentHuman Resource Managment
Human Resource ManagmentParth Patel
 
Human resourcemanagement
Human resourcemanagementHuman resourcemanagement
Human resourcemanagementGeoffrey Gpals
 
HR Policy Of HUL
HR Policy Of HULHR Policy Of HUL
HR Policy Of HULRahul Jain
 
Techniques for employee retention
Techniques for employee retentionTechniques for employee retention
Techniques for employee retentionElijah Ezendu
 
importtance of human resource management
importtance of human resource managementimporttance of human resource management
importtance of human resource managementVinodprakash Shukla
 
SHRM AND Greenfield Operations
SHRM AND Greenfield OperationsSHRM AND Greenfield Operations
SHRM AND Greenfield Operationsamitymbaassignment
 
Introduction to HRM
Introduction to HRMIntroduction to HRM
Introduction to HRMpratapshee
 
Human resource managment
Human resource managmentHuman resource managment
Human resource managmentZahid Hossain
 
HR Presentation (2017 18)
HR Presentation (2017 18)HR Presentation (2017 18)
HR Presentation (2017 18)Omkar Tembe
 
Manpower development for technological change
Manpower development for technological changeManpower development for technological change
Manpower development for technological changeJason Patrick Pastrana
 

What's hot (20)

employee turnover
employee turnoveremployee turnover
employee turnover
 
Hr policies
Hr policiesHr policies
Hr policies
 
Human Resource Management Practices Of IGI Insurance Pvt Ltd. Report.
Human Resource Management Practices Of IGI Insurance Pvt Ltd. Report.Human Resource Management Practices Of IGI Insurance Pvt Ltd. Report.
Human Resource Management Practices Of IGI Insurance Pvt Ltd. Report.
 
HR Practices at HUL
HR Practices at HUL HR Practices at HUL
HR Practices at HUL
 
HRM IGI Final PPT
HRM IGI Final PPTHRM IGI Final PPT
HRM IGI Final PPT
 
Sample Assignment on Human Resource Management
Sample Assignment on Human Resource ManagementSample Assignment on Human Resource Management
Sample Assignment on Human Resource Management
 
Human Resource Managment
Human Resource ManagmentHuman Resource Managment
Human Resource Managment
 
Hr audit
Hr auditHr audit
Hr audit
 
Human resourcemanagement
Human resourcemanagementHuman resourcemanagement
Human resourcemanagement
 
HR Emerging Trends
HR Emerging TrendsHR Emerging Trends
HR Emerging Trends
 
HR Policy Of HUL
HR Policy Of HULHR Policy Of HUL
HR Policy Of HUL
 
Techniques for employee retention
Techniques for employee retentionTechniques for employee retention
Techniques for employee retention
 
importtance of human resource management
importtance of human resource managementimporttance of human resource management
importtance of human resource management
 
SHRM AND Greenfield Operations
SHRM AND Greenfield OperationsSHRM AND Greenfield Operations
SHRM AND Greenfield Operations
 
Introduction to HRM
Introduction to HRMIntroduction to HRM
Introduction to HRM
 
Human resource managment
Human resource managmentHuman resource managment
Human resource managment
 
Induction
InductionInduction
Induction
 
Functions of hrm
Functions of hrmFunctions of hrm
Functions of hrm
 
HR Presentation (2017 18)
HR Presentation (2017 18)HR Presentation (2017 18)
HR Presentation (2017 18)
 
Manpower development for technological change
Manpower development for technological changeManpower development for technological change
Manpower development for technological change
 

Similar to Succession planning

Organizational Strategic Planning Healthcare
Organizational Strategic Planning HealthcareOrganizational Strategic Planning Healthcare
Organizational Strategic Planning HealthcareNick Hines
 
Succession Planning By Vivek
Succession Planning By VivekSuccession Planning By Vivek
Succession Planning By VivekVivek Mehrotra
 
Succession Planning
Succession PlanningSuccession Planning
Succession Planninganshuvivek
 
Succession Planning By Vivek
Succession Planning By VivekSuccession Planning By Vivek
Succession Planning By Vivekanshuvivek
 
HR Advisory Report
HR Advisory ReportHR Advisory Report
HR Advisory ReportMajid Aziz
 
Right Quarterly 2nd quarter 2013: Career Development
Right Quarterly 2nd quarter 2013: Career DevelopmentRight Quarterly 2nd quarter 2013: Career Development
Right Quarterly 2nd quarter 2013: Career DevelopmentChris Jones
 
Alz Jan News
Alz Jan NewsAlz Jan News
Alz Jan NewsAlZink55
 
talentmanagement-131005132409-phpapp01.pdf
talentmanagement-131005132409-phpapp01.pdftalentmanagement-131005132409-phpapp01.pdf
talentmanagement-131005132409-phpapp01.pdfLanaSami2
 
Employee Engagement White Paper by 360Solutions
Employee Engagement White Paper by 360SolutionsEmployee Engagement White Paper by 360Solutions
Employee Engagement White Paper by 360SolutionsElizabeth Lupfer
 
BIZGrowth Strategies - Back to Basics Special Edition
BIZGrowth Strategies - Back to Basics Special EditionBIZGrowth Strategies - Back to Basics Special Edition
BIZGrowth Strategies - Back to Basics Special EditionCBIZ, Inc.
 
Talent management
Talent managementTalent management
Talent managementRiTu Karn
 
Right Quarterly By Right Management ( Succession planning for talent management)
Right Quarterly By Right Management ( Succession planning for talent management)Right Quarterly By Right Management ( Succession planning for talent management)
Right Quarterly By Right Management ( Succession planning for talent management)Right Management India
 
How to design a leadership program.pdf
How to design a leadership program.pdfHow to design a leadership program.pdf
How to design a leadership program.pdfssuser2209e8
 
Human resource policy
Human resource policyHuman resource policy
Human resource policyHumsi Singh
 
Presentation on Succession Planning
Presentation on Succession PlanningPresentation on Succession Planning
Presentation on Succession PlanningMuhammad Sharjeel
 
Institute of management studies
Institute of management studiesInstitute of management studies
Institute of management studiesSumit Giri
 
Innovative human resources
Innovative human resourcesInnovative human resources
Innovative human resourcesBetsy Booboo
 

Similar to Succession planning (20)

Organizational Strategic Planning Healthcare
Organizational Strategic Planning HealthcareOrganizational Strategic Planning Healthcare
Organizational Strategic Planning Healthcare
 
Employee engagement
Employee engagementEmployee engagement
Employee engagement
 
Succession Planning By Vivek
Succession Planning By VivekSuccession Planning By Vivek
Succession Planning By Vivek
 
Succession Planning
Succession PlanningSuccession Planning
Succession Planning
 
Succession Planning By Vivek
Succession Planning By VivekSuccession Planning By Vivek
Succession Planning By Vivek
 
HR Advisory Report
HR Advisory ReportHR Advisory Report
HR Advisory Report
 
Right Quarterly 2nd quarter 2013: Career Development
Right Quarterly 2nd quarter 2013: Career DevelopmentRight Quarterly 2nd quarter 2013: Career Development
Right Quarterly 2nd quarter 2013: Career Development
 
Alz Jan News
Alz Jan NewsAlz Jan News
Alz Jan News
 
talentmanagement-131005132409-phpapp01.pdf
talentmanagement-131005132409-phpapp01.pdftalentmanagement-131005132409-phpapp01.pdf
talentmanagement-131005132409-phpapp01.pdf
 
Employee Engagement White Paper by 360Solutions
Employee Engagement White Paper by 360SolutionsEmployee Engagement White Paper by 360Solutions
Employee Engagement White Paper by 360Solutions
 
BIZGrowth Strategies - Back to Basics Special Edition
BIZGrowth Strategies - Back to Basics Special EditionBIZGrowth Strategies - Back to Basics Special Edition
BIZGrowth Strategies - Back to Basics Special Edition
 
Talent management
Talent managementTalent management
Talent management
 
Right Quarterly By Right Management ( Succession planning for talent management)
Right Quarterly By Right Management ( Succession planning for talent management)Right Quarterly By Right Management ( Succession planning for talent management)
Right Quarterly By Right Management ( Succession planning for talent management)
 
How to design a leadership program.pdf
How to design a leadership program.pdfHow to design a leadership program.pdf
How to design a leadership program.pdf
 
Human resource policy
Human resource policyHuman resource policy
Human resource policy
 
Tm..mu0017
Tm..mu0017Tm..mu0017
Tm..mu0017
 
Presentation on Succession Planning
Presentation on Succession PlanningPresentation on Succession Planning
Presentation on Succession Planning
 
Succession planning
Succession planningSuccession planning
Succession planning
 
Institute of management studies
Institute of management studiesInstitute of management studies
Institute of management studies
 
Innovative human resources
Innovative human resourcesInnovative human resources
Innovative human resources
 

Recently uploaded

Copy of Periodical - Employee Spotlight (8).pdf
Copy of Periodical - Employee Spotlight (8).pdfCopy of Periodical - Employee Spotlight (8).pdf
Copy of Periodical - Employee Spotlight (8).pdfmarketing659039
 
Model Call Girl in Keshav Puram Delhi reach out to us at 🔝8264348440🔝
Model Call Girl in Keshav Puram Delhi reach out to us at 🔝8264348440🔝Model Call Girl in Keshav Puram Delhi reach out to us at 🔝8264348440🔝
Model Call Girl in Keshav Puram Delhi reach out to us at 🔝8264348440🔝soniya singh
 
Intern Exit Interview Questions and Answers
Intern Exit Interview Questions and AnswersIntern Exit Interview Questions and Answers
Intern Exit Interview Questions and AnswersHireQuotient
 
Escorts in Lucknow 9548273370 WhatsApp visit your hotel or office Independent...
Escorts in Lucknow 9548273370 WhatsApp visit your hotel or office Independent...Escorts in Lucknow 9548273370 WhatsApp visit your hotel or office Independent...
Escorts in Lucknow 9548273370 WhatsApp visit your hotel or office Independent...makika9823
 
Creative Director vs. Design Director: Key Differences for Recruiters
Creative Director vs. Design Director: Key Differences for RecruitersCreative Director vs. Design Director: Key Differences for Recruiters
Creative Director vs. Design Director: Key Differences for RecruitersHireQuotient
 
Advantages of Human Resource Management System
Advantages of Human Resource Management SystemAdvantages of Human Resource Management System
Advantages of Human Resource Management SystemHireQuotient
 
Employee Roles & Responsibilities: Driving Organizational Success
Employee Roles & Responsibilities: Driving Organizational SuccessEmployee Roles & Responsibilities: Driving Organizational Success
Employee Roles & Responsibilities: Driving Organizational SuccessHireQuotient
 
Ways to Make the Most of Temporary Part Time Jobs
Ways to Make the Most of Temporary Part Time JobsWays to Make the Most of Temporary Part Time Jobs
Ways to Make the Most of Temporary Part Time JobsSnapJob
 
VIP Russian Call Girls in Indore Komal 💚😋 9256729539 🚀 Indore Escorts
VIP Russian Call Girls in Indore Komal 💚😋  9256729539 🚀 Indore EscortsVIP Russian Call Girls in Indore Komal 💚😋  9256729539 🚀 Indore Escorts
VIP Russian Call Girls in Indore Komal 💚😋 9256729539 🚀 Indore Escortsaditipandeya
 
The Great American Payday Prepare for a (Relatively) Bumpy Ride.pdf
The Great American Payday Prepare for a (Relatively) Bumpy Ride.pdfThe Great American Payday Prepare for a (Relatively) Bumpy Ride.pdf
The Great American Payday Prepare for a (Relatively) Bumpy Ride.pdfJasper Colin
 
How Leading Companies Deliver Value with People Analytics
How Leading Companies Deliver Value with People AnalyticsHow Leading Companies Deliver Value with People Analytics
How Leading Companies Deliver Value with People AnalyticsDavid Green
 
Webinar - Payscale Innovation Unleashed: New features and data evolving the c...
Webinar - Payscale Innovation Unleashed: New features and data evolving the c...Webinar - Payscale Innovation Unleashed: New features and data evolving the c...
Webinar - Payscale Innovation Unleashed: New features and data evolving the c...PayScale, Inc.
 
Austin Recruiter Network Meeting April 25, 2024
Austin Recruiter Network Meeting April 25, 2024Austin Recruiter Network Meeting April 25, 2024
Austin Recruiter Network Meeting April 25, 2024Dan Medlin
 
Intern Welcome LinkedIn Periodical (1).pdf
Intern Welcome LinkedIn Periodical (1).pdfIntern Welcome LinkedIn Periodical (1).pdf
Intern Welcome LinkedIn Periodical (1).pdfmarketing659039
 
Cheap Rate ➥8448380779 ▻Call Girls In Sector 29 Gurgaon
Cheap Rate ➥8448380779 ▻Call Girls In Sector 29 GurgaonCheap Rate ➥8448380779 ▻Call Girls In Sector 29 Gurgaon
Cheap Rate ➥8448380779 ▻Call Girls In Sector 29 GurgaonDelhi Call girls
 
Situational Questions for Team Leader Interviews in BPO with Sample Answers
Situational Questions for Team Leader Interviews in BPO with Sample AnswersSituational Questions for Team Leader Interviews in BPO with Sample Answers
Situational Questions for Team Leader Interviews in BPO with Sample AnswersHireQuotient
 
Employee Engagement Trend Analysis.pptx.
Employee Engagement Trend Analysis.pptx.Employee Engagement Trend Analysis.pptx.
Employee Engagement Trend Analysis.pptx.ShrayasiRoy
 

Recently uploaded (19)

Copy of Periodical - Employee Spotlight (8).pdf
Copy of Periodical - Employee Spotlight (8).pdfCopy of Periodical - Employee Spotlight (8).pdf
Copy of Periodical - Employee Spotlight (8).pdf
 
Model Call Girl in Keshav Puram Delhi reach out to us at 🔝8264348440🔝
Model Call Girl in Keshav Puram Delhi reach out to us at 🔝8264348440🔝Model Call Girl in Keshav Puram Delhi reach out to us at 🔝8264348440🔝
Model Call Girl in Keshav Puram Delhi reach out to us at 🔝8264348440🔝
 
Intern Exit Interview Questions and Answers
Intern Exit Interview Questions and AnswersIntern Exit Interview Questions and Answers
Intern Exit Interview Questions and Answers
 
Escorts in Lucknow 9548273370 WhatsApp visit your hotel or office Independent...
Escorts in Lucknow 9548273370 WhatsApp visit your hotel or office Independent...Escorts in Lucknow 9548273370 WhatsApp visit your hotel or office Independent...
Escorts in Lucknow 9548273370 WhatsApp visit your hotel or office Independent...
 
Creative Director vs. Design Director: Key Differences for Recruiters
Creative Director vs. Design Director: Key Differences for RecruitersCreative Director vs. Design Director: Key Differences for Recruiters
Creative Director vs. Design Director: Key Differences for Recruiters
 
Advantages of Human Resource Management System
Advantages of Human Resource Management SystemAdvantages of Human Resource Management System
Advantages of Human Resource Management System
 
Employee Roles & Responsibilities: Driving Organizational Success
Employee Roles & Responsibilities: Driving Organizational SuccessEmployee Roles & Responsibilities: Driving Organizational Success
Employee Roles & Responsibilities: Driving Organizational Success
 
Ways to Make the Most of Temporary Part Time Jobs
Ways to Make the Most of Temporary Part Time JobsWays to Make the Most of Temporary Part Time Jobs
Ways to Make the Most of Temporary Part Time Jobs
 
VIP Russian Call Girls in Indore Komal 💚😋 9256729539 🚀 Indore Escorts
VIP Russian Call Girls in Indore Komal 💚😋  9256729539 🚀 Indore EscortsVIP Russian Call Girls in Indore Komal 💚😋  9256729539 🚀 Indore Escorts
VIP Russian Call Girls in Indore Komal 💚😋 9256729539 🚀 Indore Escorts
 
The Great American Payday Prepare for a (Relatively) Bumpy Ride.pdf
The Great American Payday Prepare for a (Relatively) Bumpy Ride.pdfThe Great American Payday Prepare for a (Relatively) Bumpy Ride.pdf
The Great American Payday Prepare for a (Relatively) Bumpy Ride.pdf
 
How Leading Companies Deliver Value with People Analytics
How Leading Companies Deliver Value with People AnalyticsHow Leading Companies Deliver Value with People Analytics
How Leading Companies Deliver Value with People Analytics
 
Webinar - Payscale Innovation Unleashed: New features and data evolving the c...
Webinar - Payscale Innovation Unleashed: New features and data evolving the c...Webinar - Payscale Innovation Unleashed: New features and data evolving the c...
Webinar - Payscale Innovation Unleashed: New features and data evolving the c...
 
Austin Recruiter Network Meeting April 25, 2024
Austin Recruiter Network Meeting April 25, 2024Austin Recruiter Network Meeting April 25, 2024
Austin Recruiter Network Meeting April 25, 2024
 
Intern Welcome LinkedIn Periodical (1).pdf
Intern Welcome LinkedIn Periodical (1).pdfIntern Welcome LinkedIn Periodical (1).pdf
Intern Welcome LinkedIn Periodical (1).pdf
 
Cheap Rate ➥8448380779 ▻Call Girls In Sector 29 Gurgaon
Cheap Rate ➥8448380779 ▻Call Girls In Sector 29 GurgaonCheap Rate ➥8448380779 ▻Call Girls In Sector 29 Gurgaon
Cheap Rate ➥8448380779 ▻Call Girls In Sector 29 Gurgaon
 
Situational Questions for Team Leader Interviews in BPO with Sample Answers
Situational Questions for Team Leader Interviews in BPO with Sample AnswersSituational Questions for Team Leader Interviews in BPO with Sample Answers
Situational Questions for Team Leader Interviews in BPO with Sample Answers
 
escort service sasti (*~Call Girls in Rajender Nagar Metro❤️9953056974
escort service sasti (*~Call Girls in Rajender Nagar Metro❤️9953056974escort service sasti (*~Call Girls in Rajender Nagar Metro❤️9953056974
escort service sasti (*~Call Girls in Rajender Nagar Metro❤️9953056974
 
Employee Engagement Trend Analysis.pptx.
Employee Engagement Trend Analysis.pptx.Employee Engagement Trend Analysis.pptx.
Employee Engagement Trend Analysis.pptx.
 
9953330565 Low Rate Call Girls In Vijay Nagar Delhi NCR
9953330565 Low Rate Call Girls In Vijay Nagar Delhi NCR9953330565 Low Rate Call Girls In Vijay Nagar Delhi NCR
9953330565 Low Rate Call Girls In Vijay Nagar Delhi NCR
 

Succession planning

  • 1. Succession planning Succession planning is not an issue that many organizations address in any systematic way. Because many nonprofits are small (with fewer than 10 employees) and because they may be facing other organizational challenges, thinking about who the next executive director might be or what would happen if the director of finance suddenly left is not high on their priority list. There are many reasons why organizations need to be thinking about succession planning. The most important reason, of course, is that we rely on staff to carry out our missions, provide services and meet our organization's goals. We need to think about what would happen to those services or our ability to fulfill our mission if a key staff member left. Another reason to focus on succession planning is the changing realities of workplaces. The impending retirement of the baby boomers is expected to have a major impact on workforce capacity.  Vacancies in senior or key positions are occurring in numerous organizations simultaneously and demographics indicate there are statistically fewer people available to fill them.  There is no emerging group of potential employees on the horizon as in past generations (i.e. baby boomers, women entering the workforce, large waves of immigration).  Many organizations eliminated middle manager’s positions during restructuring in the 1980s and 90s and no longer have this group as a source to fill senior level vacancies.  Younger employee interested in moving up do not have the skills and experience required because they have not been adequately mentored. This is because middle employee, who would normally perform this type of coaching role, were eliminated. With careful planning and preparation, organizations can manage the changes that result from a generational transfer of leadership as well as the ongoing changes that occur regularly when key employees leave an organization.
  • 2. Although the type and extent of planning will be different, organizations both large and small need to have some sort of succession plan. Effective succession planning supports organizational stability and sustainability by ensuring there is an established process to meet staffing requirements. Boards and executive directors can demonstrate leadership by having the strategies and processes in place to ensure that these transitions occur smoothly, with little disruption to the organization.
  • 3. Company Overview It’s an instant of exult to introduce ourselves to our clients and patrons. We corroborate whatever we have achieved; its credits should be directed towards our clients. We instigated our journey in 2002 as a concern of Faiyaz Group in the name Apparels Village Ltd. (AVL). AVL is a vertical knit composite textile unit having an average daily production capacity of 35000 pieces of knit garments with ladies, gents and kids items. As a composite knit textile, AVL boasts a dyeing unit with a production capacity of 9.4 tons per day and the knitting unit with a production capacity of 5 tons per day. Regular capital reinvestment is an integrated part of the company’s management idea and has resulted in new state of art Woven unit with a production capacity of 12000 pieces woven garments per day. As an export oriented company, AVL mostly caters for customers based in the European and the American (north & south) countries. The prominent buyers of AVL are C&A, Oviesse, NKD, Arientation, and SRG Apparel. We have come all the way more than one decade with self-reliance, integrity and superiority of being proficient to meet our valued customer’s requirements by producing top worth garments in an amusing atmosphere and meeting timely delivery.
  • 4. Management Organogram Chairman AliyaMirza Managing Director Md. Monir Hossain Director of Finance Mohammad Ali Reza Ahmed Director of Operations &Marketing MirzaFaiyaz Hossain DGM Knitting K.M. Monsur Ali DGM - Dyeing Monjur Hossain Khan AGM- Woven Jahangir Alam Mohon Finishing Manager Biddut Pramanik Production Manager Bulbul Ahamed Production Manager Ripon Bhuiyan Production Manager Altab Rahman Marketing Manager Md. Rafiqul Islam Marketing Manager Md. Aktaruzzaman khan Head of Admin A.K.M Azizul Islam R & D Manager Cyrus Raihan I. S. Manager Md. Nawshad Nakib Sr Manager Inventory M. Masrullah Manager, Accounts Adu Sabbir Md. Saifullah AGM, Banking A A Y Mehedi Manager, Treasury Md. Hasibur Rahman
  • 5. Succession planning in Faiyaz Group AVL’s organizational Succession planning is designed to ensure the availability of qualified and motivated internal employees or means of recruiting them to fill key positions. In this process Faiyaz Group prefer develop their internal or existing employees. Internal Process Step 1: Identify critical positions Critical positions are the focus of succession planning efforts. Faiyaz Group consider workforce projection data and demographic analysis is essential in identifying risk areas. A risk assessment also be conducted and compared to current and future vacancies to identify critical positions within the organization. Step 2: Identify competencies A clear understanding of capabilities needed for successful performance in key areas and critical positions is essential for guiding learning and development plans, setting clear performance expectations, and for assessing performance. By completing the process of competency or position profiling within organization, current and future employees gain an understanding of the key responsibilities of the position including the qualifications and behavioral and technical competencies required to perform them successfully. Step 3: Find and assess potential successors. First collect all the information of candidates including their performance. In this step, set 03 criteria to select employee for the written text. The employee should be work more than 03 years after the confirmation, the experience as a manager is excluded in this process.
  • 6. Check whether these selected employees according to the first criteria have been given any warning letters, whether they have any financial irregularities and financial corruption according to the monitoring executive. For this consider previous 03 years’ information. In this process according to the criteria no 03, the selection process is like this:  If any employee has got any Warning letter that employee will not eligible for the written text. Then preliminary selection completed. Interviews Faiyaz Group interview internal applicants with the assistance of the current human resources department and company leaders. Sometimes FG hire an outside firm to assist with interviews can help prevent unfair biases or advantages, as the hired experts do not have personal connections to the applicants. In any regard, interviews are one of the ideal ways to learn more about an employee, her expectations and her loyalty to the company. Feedback While a company can only select one employee to fill a vacant position, a succession planning process is a good way for it to provide feedback to employees wishing to advance professionally. While the number of internal vacant positions is limited, the opportunities to provide promising employees with quality opportunities to grow or improve their performance is not. Step 4: Document and implement succession plans After collecting the lists, keep those by filing for future consideration.
  • 7. Step 5: Evaluate Effectiveness To ensure that the department or agency’s succession planning efforts are successful, it is important to systematically monitor workforce data, evaluate activities and make necessary adjustments. Faiyaz group try to measure the effectiveness by the performance of the employees but it is very time consuming. Conclusion Succession management is at the core of strategic, long-term organizational viability. Aligning talent with business strategy in this way enhances the prospects of delivering on short- and long-term objectives.