Unit 5 Assignment.docx HRM5310 Fleet, Farm, and Home Succession Plan Strategy Capella U

Unit 5 Assignment.docx  HRM5310  Fleet, Farm, and Home Succession Plan Strategy  Capella University  HRM5310: Strategic Human Resources Management  Fleet, Farm and Home Succession Plan Strategy  The establishment of a succession planning program is critical to the long-term success of an organization. A key strategy to fulfill business goals is the evaluation, development, and deployment of talent. The focus of a succession planning process is the identification and development of critical individuals who will grow your business and lead the organization into  the future. An organization must be strategic in developing a talent pipeline to support critical positions that will need to fill due to voluntary or involuntary turnover.  FHH has several tenured employees in critical roles that will be retiring and will need to assess the key competencies needed to backfill these positions with qualified and trained employees in a global economy.  This require updates to the current job descriptions for the store manager to support the needs of FHHs long term strategic plans.  Preparing people to move into these positions requires a significant amount of time and a carefully designed development plan for each employee (Rees and Smith, 2017).  Developing a Career Development Plan  FHH understands the need to have a career development plan for its employees as it anticipates needing to fill key leadership roles with the retirement of several store managers. The goal of a career development plan is to assist e