2. 11-2 The concept of career A career comprises of a series of
work related activities, that offer continuity, order and meaning
to a persons life. The underlying idea behind a career is that a
person can shape his destiny through a number of well planned and
well timed, positive steps. The success of ones career, therefore,
depends on the individual more than anything else. Career And
Succession Planning
3. 11-3 Career: Important features A career develops over time
The success of one's career depends, most often, on one's own
careful planning and timely steps taken at a right time The
important element in one's career is experiencing psychological
success. The typical career of a person today would probably
include many positions and transitions. Career And Succession
Planning
4. 11-4 Career stages A career includes many positions, stages
and transitions just as a persons life does. Career And Succession
Planning H ig h L o w 2 5 3 5 5 0 6 0 7 0 Performance E x p lo r a
t io n E s t a b li s h - M id c a r e e r L a t e c a r e e r D e
c l in e m e n t F r o m c o ll e g e F ir s t jo b W ill p e r f o
r m a n c e T h e e ld e r P r e p a r in g t o w o r k a n d b e i
n g i n c r e a s e o r s t a t e s p e r s o n f o r a c c e p t e
d b e g in t o r e t i r e m e n t d e c l in e ? A g e
5. 11-5 Exploration: the transition that occurs in mid-twenties
as one looks at work after college education, seeking answer to
various questions about careers from teachers, friends etc.
Establishment: this is the stage where one begins the search for
work,picks up the first job, commits mistakes and learns
thereafter. Mid-career: Between 35 and 50 one is typically
confronted with a plateaued career, where your maturity and
experience are still valued but there is the nagging feeling of
having lost the initial fire in the bellyCareer And Succession
Planning Career stages
6. Late career: This is the stage where one relaxes a bit and
plays an elderly role, offering advice to younger ones as to how to
avoid career mistakes and grow continually. Decline: This is the
stage where one is constantly reminded of retirement, after a
series of hits and misses.
7. 11-10 Career anchors Career And Succession Planning These
are distinct patterns of self- perceived talents, attitudes,
motives and values that guide and stabilise a persons career after
several years of real world experiences.
8. 11-11 Career planning Career And Succession Planning Career
planning is the process by which one selects career goals and the
path to achieve those goals. Career planning, it should be noted
here, is a prerequisite to effective human resource planning.
9. 11-12 Identify individual needs and aspirations Analyse
career opportunities Align employee needs with available career
opportunities Develop action plans Carry out periodic review Career
And Succession Planning The process of career planning
10. 11-13 Career Development Career And Succession Planning
Career development consists of the personal actions one undertakes
to achieve a career plan. The actions for career development may be
initiated by the individual himself or by the organisation
Individual career development: Some of the important steps that
could help employees achieve their career goals could be listed
thus;
11. 11-14 Performance Exposure Networking Leveraging Loyalty
Mentors and sponsors Key subordinates Expanding capabilities over
timeCareer And Succession Planning Individual career
development
12. 11-19 Organisational career development: organisations
could help promote individual careers through a series of well
planned moves. These include: Career And Succession Planning Career
Development Cont
13. 11-20 4. Employee assessment programmes Assessment centres
Psychological tests Promotability forecasts Succession planning 5.
Employee developmental programmes 6. Career programmes for special
groups Career And Succession Planning Career Development
14. 11-23 Career management includes both organisational
actions and individual efforts aimed at setting career goals,
formulating and implementing strategies and monitoring the results.
Career And Succession Planning
15. 11-24 Career And Succession Planning Advantages And
Limitations Of Career Planning Career planning offers significant
benefits to both the individual and the organisation. The employee
has advance knowledge of available career opportunities. He or she
can set appropriate career goals and plan to achieve them over a
period of time. Organisations, too, can separate the stars from the
mediocre and reward the efforts of those who are hard working and
talented. This would, in turn, improve employer-employee relations.
On the negative side, for small scale units, career planning may
prove to be a difficult and costly exercise. Sometimes, local laws,
union pressures could upset career planning efforts. Not every
company would be able to resolve all career related issues
successfully.
16. 11-25 Career And Succession Planning Effective Career
Planning Effective career planning depends on a number of factors
such as Effective career planning Ensuring top management support
Setting appropriate corporate goals for human resources Offering
rewards for good performance Placing employees depending on their
talents, career aspirations etc Laying down suitable career paths
for all employees Monitoring continuously to find where the
organisation stands Giving publicity to career related issues and
actions
17. 11-26 Career And Succession Planning Succession Planning
The basic purpose of succession planning is to identify and develop
people to replace current job holders in key positions. Through
succession planning organisations ensure a steady flow of internal
talent to fill important vacancies. Succession planning encourages
hiring from within and creates a healthy environment where
employees have careers and not merely jobs. It should be noted here
that career planning (which covers executives at all levels), by
its very nature, includes succession planning (which covers key
positions at higher levels)
18. 11-27 Career And Succession Planning Replacement Chart D e
p a r t m e n t : F i n a n c e D a t e : P r e p a r e d B y : S e
n i o r E q u i t y A n a l y s t R a j a R a m ( 5 9 ) A 1 R a j a
t G u p t a ( 4 4 ) B 1 S h y a m L a l ( 3 8 ) B o n d S p e c i a
l i s t N i r m a l a ( 3 1 ) A 1 B a l r a j S i n g h ( 2 6 ) B 1
N e e l a m ( 2 8 ) Chartfor2positions R e p l a c e m e n t S u m
m a r y f o r S e n i o r E q u it y A n a ly s t J o b h o l d e r
: R a j a R a m A g e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s
o n : R e t i r e m e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5
, 0 0 0 E x p e r i e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a
m e : R a j a t A g e : 4 4 Y e a r s D e s i g n a t i o n : E q u
i t y A n a l y s t E x p e r i e n c e : 6 Y e a r s P e r f o r m
a n c e : O u t s t a n d i n g R e a s o n : S t a r i n t h e d e
p t . G r a d e : 1 8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d
y n o w f o r a b i l i t y p r o m o t i o n C a n d i d a t e 2 N
a m e : S h y a m L a l A g e : 3 8 Y e a r s D e s i g n a t i o n
: E q u i t y A n a l y s t E x p e r i e n c e : 3 Y e a r s P e r
f o r m a n c e : O u t s t a n d i n g R e a s o n : N e e d s m o
r e e x p e r i e n c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o
m o t - : C a n w a i t f o r a b i l i t y 2 Y e a r s E x p l a n
a t i o n s : A . R e a d y f o r p r o m o t i o n 1 . O u t s t a
n d i n g p e r f o r m a n c e B . N e e d s m o r e e x p e r i e
n c e 2 . A c c e p t a b l e p e r f o r m a n c e C . N o t s u i
t a b l e f o r j o b 3 . P o o r p e r f o r m a n c e D e p a r t
m e n t : F i n a n c e D a t e : P r e p a r e d B y : S e n i o r
E q u i t y A n a l y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p
t a ( 4 4 ) B 1 S h y a m L a l ( 3 8 ) B o n d S p e c i a l i s t
N i r m a l a ( 3 1 ) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l
a m ( 2 8 ) Chartfor2positions R e p l a c e m e n t S u m m a r y
f o r S e n i o r E q u it y A n a ly s t J o b h o l d e r : R a j
a R a m A g e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R
e t i r e m e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0
E x p e r i e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R
a j a t A g e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A
n a l y s t E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e
: O u t s t a n d i n g R e a s o n : S t a r i n t h e d e p t . G
r a d e : 1 8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w
f o r a b i l i t y p r o m o t i o n C a n d i d a t e 2 N a m e :
S h y a m L a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u
i t y A n a l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m
a n c e : O u t s t a n d i n g R e a s o n : N e e d s m o r e e x
p e r i e n c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t -
: C a n w a i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o
n s : A . R e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n
g p e r f o r m a n c e B . N e e d s m o r e e x p e r i e n c e 2
. A c c e p t a b l e p e r f o r m a n c e C . N o t s u i t a b l
e f o r j o b 3 . P o o r p e r f o r m a n c e D e p a r t m e n t
: F i n a n c e D a t e : P r e p a r e d B y : S e n i o r E q u i
t y A n a l y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p t a ( 4
4 ) B 1 S h y a m L a l ( 3 8 ) B o n d S p e c i a l i s t N i r m
a l a ( 3 1 ) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l a m ( 2
8 ) Chartfor2positions R e p l a c e m e n t S u m m a r y f o r S
e n i o r E q u it y A n a ly s t J o b h o l d e r : R a j a R a m
A g e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R e t i r
e m e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0 E x p e
r i e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R a j a t
A g e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A n a l y
s t E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e : O u t
s t a n d i n g R e a s o n : S t a r i n t h e d e p t . G r a d e
: 1 8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w f o r a
b i l i t y p r o m o t i o n C a n d i d a t e 2 N a m e : S h y a
m L a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u i t y A
n a l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m a n c e
: O u t s t a n d i n g R e a s o n : N e e d s m o r e e x p e r i
e n c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t - : C a n
w a i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o n s : A
. R e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n g p e r
f o r m a n c e B . N e e d s m o r e e x p e r i e n c e 2 . A c c
e p t a b l e p e r f o r m a n c e C . N o t s u i t a b l e f o r
j o b 3 . P o o r p e r f o r m a n c e D e p a r t m e n t : F i n
a n c e D a t e : P r e p a r e d B y : S e n i o r E q u i t y A n
a l y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p t a ( 4 4 ) B 1
S h y a m L a l ( 3 8 ) B o n d S p e c i a l i s t N i r m a l a (
3 1 ) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l a m ( 2 8 )
Chartfor2positions R e p l a c e m e n t S u m m a r y f o r S e n
i o r E q u it y A n a ly s t J o b h o l d e r : R a j a R a m A g
e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R e t i r e m
e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0 E x p e r i
e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R a j a t A g
e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A n a l y s t
E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e : O u t s t
a n d i n g R e a s o n : S t a r i n t h e d e p t . G r a d e : 1
8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w f o r a b i
l i t y p r o m o t i o n C a n d i d a t e 2 N a m e : S h y a m L
a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u i t y A n a
l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m a n c e : O
u t s t a n d i n g R e a s o n : N e e d s m o r e e x p e r i e n
c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t - : C a n w a
i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o n s : A . R
e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n g p e r f o
r m a n c e B . N e e d s m o r e e x p e r i e n c e 2 . A c c e p
t a b l e p e r f o r m a n c e C . N o t s u i t a b l e f o r j o
b 3 . P o o r p e r f o r m a n c e D e p a r t m e n t : F i n a n
c e D a t e : P r e p a r e d B y : S e n i o r E q u i t y A n a l
y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p t a ( 4 4 ) B 1 S h
y a m L a l ( 3 8 ) B o n d S p e c i a l i s t N i r m a l a ( 3 1
) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l a m ( 2 8 )
Chartfor2positions R e p l a c e m e n t S u m m a r y f o r S e n
i o r E q u it y A n a ly s t J o b h o l d e r : R a j a R a m A g
e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R e t i r e m
e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0 E x p e r i
e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R a j a t A g
e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A n a l y s t
E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e : O u t s t
a n d i n g R e a s o n : S t a r i n t h e d e p t . G r a d e : 1
8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w f o r a b i
l i t y p r o m o t i o n C a n d i d a t e 2 N a m e : S h y a m L
a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u i t y A n a
l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m a n c e : O
u t s t a n d i n g R e a s o n : N e e d s m o r e e x p e r i e n
c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t - : C a n w a
i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o n s : A . R
e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n g p e r f o
r m a n c e B . N e e d s m o r e e x p e r i e n c e 2 . A c c e p
t a b l e p e r f o r m a n c e C . N o t s u i t a b l e f o r j o
b 3 . P o o r p e r f o r m a n c e D e p a r t m e n t : F i n a n
c e D a t e : P r e p a r e d B y : S e n i o r E q u i t y A n a l
y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p t a ( 4 4 ) B 1 S h
y a m L a l ( 3 8 ) B o n d S p e c i a l i s t N i r m a l a ( 3 1
) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l a m ( 2 8 )
Chartfor2positions R e p l a c e m e n t S u m m a r y f o r S e n
i o r E q u it y A n a ly s t J o b h o l d e r : R a j a R a m A g
e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R e t i r e m
e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0 E x p e r i
e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R a j a t A g
e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A n a l y s t
E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e : O u t s t
a n d i n g R e a s o n : S t a r i n t h e d e p t . G r a d e : 1
8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w f o r a b i
l i t y p r o m o t i o n C a n d i d a t e 2 N a m e : S h y a m L
a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u i t y A n a
l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m a n c e : O
u t s t a n d i n g R e a s o n : N e e d s m o r e e x p e r i e n
c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t - : C a n w a
i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o n s : A . R
e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n g p e r f o
r m a n c e B . N e e d s m o r e e x p e r i e n c e 2 . A c c e p
t a b l e p e r f o r m a n c e C . N o t s u i t a b l e f o r j o
b 3 . P o o r p e r f o r m a n c e D e p a r t m e n t : F i n a n
c e D a t e : P r e p a r e d B y : S e n i o r E q u i t y A n a l
y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p t a ( 4 4 ) B 1 S h
y a m L a l ( 3 8 ) B o n d S p e c i a l i s t N i r m a l a ( 3 1
) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l a m ( 2 8 )
Chartfor2positions R e p l a c e m e n t S u m m a r y f o r S e n
i o r E q u it y A n a ly s t J o b h o l d e r : R a j a R a m A g
e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R e t i r e m
e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0 E x p e r i
e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R a j a t A g
e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A n a l y s t
E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e : O u t s t
a n d i n g R e a s o n : S t a r i n t h e d e p t . G r a d e : 1
8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w f o r a b i
l i t y p r o m o t i o n C a n d i d a t e 2 N a m e : S h y a m L
a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u i t y A n a
l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m a n c e : O
u t s t a n d i n g R e a s o n : N e e d s m o r e e x p e r i e n
c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t - : C a n w a
i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o n s : A . R
e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n g p e r f o
r m a n c e B . N e e d s m o r e e x p e r i e n c e 2 . A c c e p
t a b l e p e r f o r m a n c e C . N o t s u i t a b l e f o r j o
b 3 . P o o r p e r f o r m a n c e D e p a r t m e n t : F i n a n
c e D a t e : P r e p a r e d B y : S e n i o r E q u i t y A n a l
y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p t a ( 4 4 ) B 1 S h
y a m L a l ( 3 8 ) B o n d S p e c i a l i s t N i r m a l a ( 3 1
) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l a m ( 2 8 )
Chartfor2positions R e p l a c e m e n t S u m m a r y f o r S e n
i o r E q u it y A n a ly s t J o b h o l d e r : R a j a R a m A g
e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R e t i r e m
e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0 E x p e r i
e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R a j a t A g
e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A n a l y s t
E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e : O u t s t
a n d i n g R e a s o n : S t a r i n t h e d e p t . G r a d e : 1
8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w f o r a b i
l i t y p r o m o t i o n C a n d i d a t e 2 N a m e : S h y a m L
a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u i t y A n a
l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m a n c e : O
u t s t a n d i n g R e a s o n : N e e d s m o r e e x p e r i e n
c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t - : C a n w a
i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o n s : A . R
e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n g p e r f o
r m a n c e B . N e e d s m o r e e x p e r i e n c e 2 . A c c e p
t a b l e p e r f o r m a n c e C . N o t s u i t a b l e f o r j o
b 3 . P o o r p e r f o r m a n c e D e p a r t m e n t : F i n a n
c e D a t e : P r e p a r e d B y : S e n i o r E q u i t y A n a l
y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p t a ( 4 4 ) B 1 S h
y a m L a l ( 3 8 ) B o n d S p e c i a l i s t N i r m a l a ( 3 1
) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l a m ( 2 8 )
Chartfor2positions R e p l a c e m e n t S u m m a r y f o r S e n
i o r E q u it y A n a ly s t J o b h o l d e r : R a j a R a m A g
e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R e t i r e m
e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0 E x p e r i
e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R a j a t A g
e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A n a l y s t
E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e : O u t s t
a n d i n g R e a s o n : S t a r i n t h e d e p t . G r a d e : 1
8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w f o r a b i
l i t y p r o m o t i o n C a n d i d a t e 2 N a m e : S h y a m L
a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u i t y A n a
l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m a n c e : O
u t s t a n d i n g R e a s o n : N e e d s m o r e e x p e r i e n
c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t - : C a n w a
i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o n s : A . R
e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n g p e r f o
r m a n c e B . N e e d s m o r e e x p e r i e n c e 2 . A c c e p
t a b l e p e r f o r m a n c e C . N o t s u i t a b l e f o r j o
b 3 . P o o r p e r f o r m a n c e D e p a r t m e n t : F i n a n
c e D a t e : P r e p a r e d B y : S e n i o r E q u i t y A n a l
y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p t a ( 4 4 ) B 1 S h
y a m L a l ( 3 8 ) B o n d S p e c i a l i s t N i r m a l a ( 3 1
) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l a m ( 2 8 )
Chartfor2positions R e p l a c e m e n t S u m m a r y f o r S e n
i o r E q u it y A n a ly s t J o b h o l d e r : R a j a R a m A g
e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R e t i r e m
e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0 E x p e r i
e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R a j a t A g
e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A n a l y s t
E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e : O u t s t
a n d i n g R e a s o n : S t a r i n t h e d e p t . G r a d e : 1
8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w f o r a b i
l i t y p r o m o t i o n C a n d i d a t e 2 N a m e : S h y a m L
a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u i t y A n a
l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m a n c e : O
u t s t a n d i n g R e a s o n : N e e d s m o r e e x p e r i e n
c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t - : C a n w a
i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o n s : A . R
e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n g p e r f o
r m a n c e B . N e e d s m o r e e x p e r i e n c e 2 . A c c e p
t a b l e p e r f o r m a n c e C . N o t s u i t a b l e f o r j o
b 3 . P o o r p e r f o r m a n c e D e p a r t m e n t : F i n a n
c e D a t e : P r e p a r e d B y : S e n i o r E q u i t y A n a l
y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p t a ( 4 4 ) B 1 S h
y a m L a l ( 3 8 ) B o n d S p e c i a l i s t N i r m a l a ( 3 1
) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l a m ( 2 8 )
Chartfor2positions R e p l a c e m e n t S u m m a r y f o r S e n
i o r E q u it y A n a ly s t J o b h o l d e r : R a j a R a m A g
e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R e t i r e m
e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0 E x p e r i
e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R a j a t A g
e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A n a l y s t
E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e : O u t s t
a n d i n g R e a s o n : S t a r i n t h e d e p t . G r a d e : 1
8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w f o r a b i
l i t y p r o m o t i o n C a n d i d a t e 2 N a m e : S h y a m L
a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u i t y A n a
l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m a n c e : O
u t s t a n d i n g R e a s o n : N e e d s m o r e e x p e r i e n
c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t - : C a n w a
i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o n s : A . R
e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n g p e r f o
r m a n c e B . N e e d s m o r e e x p e r i e n c e 2 . A c c e p
t a b l e p e r f o r m a n c e C . N o t s u i t a b l e f o r j o
b 3 . P o o r p e r f o r m a n c e D e p a r t m e n t : F i n a n
c e D a t e : P r e p a r e d B y : S e n i o r E q u i t y A n a l
y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p t a ( 4 4 ) B 1 S h
y a m L a l ( 3 8 ) B o n d S p e c i a l i s t N i r m a l a ( 3 1
) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l a m ( 2 8 )
Chartfor2positions R e p l a c e m e n t S u m m a r y f o r S e n
i o r E q u it y A n a ly s t J o b h o l d e r : R a j a R a m A g
e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R e t i r e m
e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0 E x p e r i
e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R a j a t A g
e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A n a l y s t
E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e : O u t s t
a n d i n g R e a s o n : S t a r i n t h e d e p t . G r a d e : 1
8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w f o r a b i
l i t y p r o m o t i o n C a n d i d a t e 2 N a m e : S h y a m L
a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u i t y A n a
l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m a n c e : O
u t s t a n d i n g R e a s o n : N e e d s m o r e e x p e r i e n
c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t - : C a n w a
i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o n s : A . R
e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n g p e r f o
r m a n c e B . N e e d s m o r e e x p e r i e n c e 2 . A c c e p
t a b l e p e r f o r m a n c e C . N o t s u i t a b l e f o r j o
b 3 . P o o r p e r f o r m a n c e D e p a r t m e n t : F i n a n
c e D a t e : P r e p a r e d B y : S e n i o r E q u i t y A n a l
y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p t a ( 4 4 ) B 1 S h
y a m L a l ( 3 8 ) B o n d S p e c i a l i s t N i r m a l a ( 3 1
) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l a m ( 2 8 )
Chartfor2positions R e p l a c e m e n t S u m m a r y f o r S e n
i o r E q u it y A n a ly s t J o b h o l d e r : R a j a R a m A g
e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R e t i r e m
e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0 E x p e r i
e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R a j a t A g
e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A n a l y s t
E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e : O u t s t
a n d i n g R e a s o n : S t a r i n t h e d e p t . G r a d e : 1
8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w f o r a b i
l i t y p r o m o t i o n C a n d i d a t e 2 N a m e : S h y a m L
a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u i t y A n a
l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m a n c e : O
u t s t a n d i n g R e a s o n : N e e d s m o r e e x p e r i e n
c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t - : C a n w a
i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o n s : A . R
e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n g p e r f o
r m a n c e B . N e e d s m o r e e x p e r i e n c e 2 . A c c e p
t a b l e p e r f o r m a n c e C . N o t s u i t a b l e f o r j o
b 3 . P o o r p e r f o r m a n c e D e p a r t m e n t : F i n a n
c e D a t e : P r e p a r e d B y : S e n i o r E q u i t y A n a l
y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p t a ( 4 4 ) B 1 S h
y a m L a l ( 3 8 ) B o n d S p e c i a l i s t N i r m a l a ( 3 1
) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l a m ( 2 8 )
Chartfor2positions R e p l a c e m e n t S u m m a r y f o r S e n
i o r E q u it y A n a ly s t J o b h o l d e r : R a j a R a m A g
e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R e t i r e m
e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0 E x p e r i
e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R a j a t A g
e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A n a l y s t
E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e : O u t s t
a n d i n g R e a s o n : S t a r i n t h e d e p t . G r a d e : 1
8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w f o r a b i
l i t y p r o m o t i o n C a n d i d a t e 2 N a m e : S h y a m L
a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u i t y A n a
l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m a n c e : O
u t s t a n d i n g R e a s o n : N e e d s m o r e e x p e r i e n
c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t - : C a n w a
i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o n s : A . R
e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n g p e r f o
r m a n c e B . N e e d s m o r e e x p e r i e n c e 2 . A c c e p
t a b l e p e r f o r m a n c e C . N o t s u i t a b l e f o r j o
b 3 . P o o r p e r f o r m a n c e D e p a r t m e n t : F i n a n
c e D a t e : P r e p a r e d B y : S e n i o r E q u i t y A n a l
y s t R a j a R a m ( 5 9 ) A 1 R a j a t G u p t a ( 4 4 ) B 1 S h
y a m L a l ( 3 8 ) B o n d S p e c i a l i s t N i r m a l a ( 3 1
) A 1 B a l r a j S i n g h ( 2 6 ) B 1 N e e l a m ( 2 8 )
Chartfor2positions R e p l a c e m e n t S u m m a r y f o r S e n
i o r E q u it y A n a ly s t J o b h o l d e r : R a j a R a m A g
e : 5 9 O p e n i n g : I n 3 Y e a r s R e a s o n : R e t i r e m
e n t S a l a r y G r a d e : 2 5 , 0 0 0 - 3 5 , 0 0 0 E x p e r i
e n c e : 1 2 Y e a r s C a n d i d a t e 1 N a m e : R a j a t A g
e : 4 4 Y e a r s D e s i g n a t i o n : E q u i t y A n a l y s t
E x p e r i e n c e : 6 Y e a r s P e r f o r m a n c e : O u t s t
a n d i n g R e a s o n : S t a r i n t h e d e p t . G r a d e : 1
8 , 0 0 0 - 2 5 , 0 0 0 P r o m o t - : R e a d y n o w f o r a b i
l i t y p r o m o t i o n C a n d i d a t e 2 N a m e : S h y a m L
a l A g e : 3 8 Y e a r s D e s i g n a t i o n : E q u i t y A n a
l y s t E x p e r i e n c e : 3 Y e a r s P e r f o r m a n c e : O
u t s t a n d i n g R e a s o n : N e e d s m o r e e x p e r i e n
c e G r a d e : 1 3 , 0 0 0 - 1 8 , 0 0 0 P r o m o t - : C a n w a
i t f o r a b i l i t y 2 Y e a r s E x p l a n a t i o n s : A . R
e a d y f o r p r o m o t i o n 1 . O u t s t a n d i n g p e r f o
r m a n c e B . N e e d s m o r e e x p e r i e n c e 2 . A c c e p
t a b l e p e r f o r m a n c e C . N o t s u i t a b l e f o r j o
b 3 . P o o r p e r f o r m a n c e A replacement chart is a visual
representation of who will replace whom if there is a job
opening
19. 11-28 Career And Succession Planning Succession Management
Succession management focuses attention on creating and stocking
pools of candidates with high leadership potential. It assures that
key people are not just identified but also nurtured and developed
into future leadership roles Steps in succession management
Identifying the shortage of leadership skills and defining the
requirements Identifying potential successors for critical
positions Coaching and grooming the 'star performers' The
interesting case of BAJAJ AUTO Arm your successor Begin at the
edges Start succession early Prepare the organisation.
