Which step is part of the Succession Management Process?

Competency gap analysis is a crucial step in the Succession Management Process because it involves identifying the skills and competencies that are necessary for key roles within an organization and assessing current employee capabilities against those needs. This analysis helps organizations pinpoint where there are gaps in skills or experience among potential successors, enabling targeted development plans to prepare those individuals to step into critical roles as they become available.

By understanding the specific competencies required for future leadership or key positions, organizations can create personalized development opportunities, training programs, and succession plans. This proactive approach ensures that the company is not only aware of potential successors but is also actively cultivating their talent pool to meet future demands.

In contrast, surveying employee satisfaction, outsourcing talent acquisition, or conducting virtual training sessions may contribute to overall talent management strategies, but they do not specifically align with the core focus of succession management, which is about preparing internal talent for future leadership roles.