Question

An insurance company assesses all employees' current job skills and creates road maps for them outlining the competencies they need to advance within the company. The company then makes sure they get the training they need, including coaching and mentoring, classroom training. This is an example of ________.

Answer 1

Answer:

Succession management

Explanation:

The insurance company then makes sure its employees get the training they need, including coaching and mentoring, classroom training to advance within the company. This is an example of SUCCESSION MANAGEMENT.

Succession management is the continuous process of training employees to meet the objectives of the organization. It is used to prepare employees and Improve their competency to succeed in the organzation.

Succession management involves process of developing individuals in the organzation with the potential to advance in their skills. It ensures that workers are well equipped with the skills they need to move the organzation forward.

Succession management planning is the evaluation of the skills of workers in the organzation. It encourages staff development and encourages employees to remain in the organzation.

Answer 2

Answer:

Succession management

Explanation:

Succession management can be described as a process of identifying and training new individuals that will take on the role of new leaders. This is done inorder to replace the old leaders in the organisation when they eventually leave the company or retire.

Succession management is very essential because it helps to identify individuals that possess the right skills, experience and capabilities that is needed to move the organization to a higher level.

Succession management is very vital to ensure the continued success of the organization.