The article discusses the implications of succession management towards company recruitment and retention programs. The effectiveness of this approach on business can be reached through dynamics, transparency, comprehensive and should align with corporate strategy and business objectives. It was noted that many organizations are finding it as a useful to extend succession planning and management beyond the executive suite and to apply its principles to key supervisory, managerial and technical positions. On the research conducted, it was revealed that many organizations are finally realizing the prospective value of succession management and are pledging to work on their programs.