Introduction to succession

0:27 Hello learners, welcome back to the course on AI in human resource management. Today, we will try to take up one of the most important aspects when it comes to an organization, which is succession planning. Now, succession planning of employees is vital for an organization. Many times, it happens that organizations cannot afford the recruitment or the recruitment costs in general. So, they try to nurture the talent pool. And it's always better for the organization to look within rather than outside—see within, check the leadership potential of each candidate in different ranks and files, and then bring them to the forefront or to the top of the hierarchy so that they can manage the company in a better way.

0:58 So, let's look into how AI specifically enables or facilitates succession planning. For that, we have to understand what succession planning is. Very quickly, we'll do that, then we'll look into AI, its importance in enhancing succession planning, what the predictive analytics are behind succession planning, and what the knowledge transfer potentials could be with respect to the inclusion of AI in succession planning. So, we will look into all those things. I am Dr. Abraham Cyril Issac. I'm an assistant professor at the School of Business, Indian Institute of Technology, Guwahati.

1:25 Now, straight away moving into today's topic, which is AI in career succession planning of employees. Let's start with understanding what you mean by career succession planning. When you talk about any individual within an organization, their progress across the organization is vital, and something that becomes very important is succession planning in that particular context. So, career succession planning is nothing but