LSUS Hr Exam 3 Questions & Answers 2023/2024

LSUS Hr Exam 3 Questions & Answers 2023/2024 Succession plans for middle managers are often more accurately described by the term - ANSWER-Career Planning What is the key difference between succession and career planning? - ANSWER-Focus A substantial number of senior organizational leaders are expected to retire over the next how many years? - ANSWER-5-10 years Organizations with succession plans are more likely to have smoother leadership transitions (t/f) - ANSWER-True What may be required for outside persons to understand organizations when trying to be hired in? - ANSWER-Considerable time and effort Who is responsible for initiating succession planning? - ANSWER-The current CEO Who is responsible for appointing a successor? - ANSWER-The Board of Directors How long before should succession planning begin before a CEO is expected to step down? - ANSWER-4 years HR selects the new CEO and has the responsibility for managing the succession planning process? (t/f) - ANSWER-False, they only are responsible for managing the succession planning process. Over the long term, how will succession planning save organizations money: - ANSWER--Executive search fees can be eliminated (often 50% of the new CEOs salary)