Question

If talent management is effective in a firm, it is most likely that ________________________. a. the voluntary turnover among the high potential employees will be essentially zero b. the organization will not have to use the external labor market except in emergencies c. the cost of labor in the firm will be lower than its direct competitors d. the firm has a succession plan in place for all holders of critical jobs

Answer 1

Answer:

The correct answer is d. the firm has a succession plan in place for all holders of critical jobs.

Explanation:

The succession plan is the process by which the company identifies that when a key collaborator withdraws or leaves the company, it must be replaced by another that can carry out the functions of the position with the same or better performance since it is not Thus there could be complications for the company's operations. This relay must be planned in a methodical and organized manner before the situation arises, that is, there must be a previous process of preparation for the succession.

Succession in the company is a very important issue that must be addressed and planned to occur naturally and gradually, not as an immediate action to solve a problem. It will depend on the size and organizational structure of each business how the process is carried out; However, it is recommended that all companies be prepared to face the succession process.