Succession planning is a strategic process that organizations use to ensure a smooth transition when key employees leave or retire. It involves identifying and developing internal talent to fill important roles, thereby minimizing disruptions and maintaining continuity in operations. This planning helps organizations prepare for future leadership needs and fosters employee growth. Effective succession planning includes assessing current employees' skills and potential, providing training and mentorship, and creating clear pathways for advancement. By investing in their workforce, companies can build a strong talent pipeline, ensuring that they have capable leaders ready to step in when needed.