What process involves identifying and tracking high-potential employees within an organization?

The process of identifying and tracking high-potential employees within an organization is known as succession planning. This strategic approach focuses on ensuring that an organization has a robust pipeline of talent ready to fill key roles as they become available.

Succession planning involves assessing employees' skills, performance, and potential for growth, which allows organizations to proactively prepare for future leadership and critical positions. By recognizing high-potential individuals and providing them with targeted development opportunities, companies can foster a culture of internal advancement and demonstrate their commitment to employee growth and retention.

This process is essential for long-term organizational stability and success, as it helps minimize disruption when key personnel leave and ensures that the organization can continue to meet its objectives with capable individuals in place.