In Cornerstone OnDemand, what is "Succession Planning"?

Succession Planning in Cornerstone OnDemand focuses on identifying and developing internal candidates who are prepared to take on key leadership roles within an organization in the future. This strategic process aligns with the goals of talent management by ensuring that there is a pipeline of qualified individuals ready to step into critical positions, thereby securing organizational stability and continuity.

By emphasizing internal talent development, organizations can enhance employee engagement, retention, and overall workforce effectiveness. Succession Planning not only positions the company for future success but also supports employee career growth and development, fostering a culture of advancement from within. This aspect of leadership development is crucial for organizations looking to maintain their competitive edge over time.

Other options, while related to workforce management, do not capture the essence and primary focus of Succession Planning. They pertain to benefits, payroll, or external recruitment, none of which address the specific goal of preparing internal talent for future leadership.