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For Several Months, the Management Team Has Been Struggling to Come

Question 371

Multiple Choice

For several months, the management team has been struggling to come to grips with the need for a formal succession plan. About 30 percent of the workforce will reach retirement age within 10 years, and little has been done to prepare for the loss of knowledge in key roles that will occur as employees begin to retire. The team has come to a consensus that what is needed is a comprehensive plan, one that includes a mentor program for each of the key positions, identification of key skills that will need to be replaced, a recruiting strategy that attracts qualified candidates who are looking for longevity, and creating a more open culture. Which of the following can be used to accomplish these goals?


A) Create a talent-management program.
B) All of the above.
C) Create a succession plan.
D) Create a knowledge-management program.

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