With baby boomers retiring now and over the next decade, what should the HR function in firms be doing to prepare for a leadership vacuum? What potential problems do you see these firms encountering? Share any ideas you have that could help solve these problems with your classmates. 200 wordSuccession Planning ProcedureIn a minimum of 500 words, document a succession plan for anemployee (e.g., IT Developer, Maintenance Crew,Training Specialist, CEO) of your chosen firm. What concepts are crucial when recruiting team members? Be sure to address the following questions in your response:1.What are the critical knowledge, skills, and abilities (KSAs) of that position?2.Will you select, train, or both for these KSAs?3.How will you ensure your selected successor does not leave the firm?4.What succession planning process will you use?Follow the steps above in chronological order. Any sources used, including the textbook, must be referenced;paraphrased and quoted material must have accompanying citations in APA format.