Succession Planning Quiz

What is the primary purpose of succession planning?

• To reduce training costs

• To ensure continuity by developing replacement workers

• To increase employee turnover

• To eliminate leadership roles

Which generation is primarily mentioned as retiring in the next 20 years?

• Millennials

• Generation X

• Generation Z

• Baby Boomers

What percentage of the workforce is projected to be over 55 by 2020?

• 10%

• 30%

• 16%

• 25%

What is a key factor to consider in succession planning?

• Employee satisfaction only

• Increasing salaries

• Reducing employee benefits

• Organizational strategy and goals

What does succession management integrate?

• Training and development only

• Only recruitment and retention

• Employee satisfaction surveys

• Recruitment, development, and retention

What is the first step in developing a succession plan?

• Develop the succession planning model

• Implement succession planning strategies

• Institutionalize the process and capture stakeholder support

• Conduct assessments of organizational needs

What should be included in the talent assessment?

• Performance, potential, experience, skills, and cultural fit

• Job satisfaction surveys

• Only performance reviews

• Employee age and tenure only

Which of the following is NOT a common pitfall in succession planning?

• Keeping it a secret

• Underestimating talent within

• Narrow-minded thinking

• Offering training opportunities

What is a recommended strategy for knowledge transfer?

• Focus solely on hard skills

• Avoid cross-training

• Limit training to new hires only

• Document processes and records

What is the purpose of a gap analysis in succession planning?

• To evaluate customer feedback

• To assess financial performance

• To determine the gap between current and future situations

• To identify employee satisfaction