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Succession Planning: Essential Guide for HR

Analytics in HR

Succession planning is essential to ensure critical roles in a company are not left vacant for extended periods or filled by people who don’t have the skills or knowledge to perform in the role. That means that over half of the organizations the surveyed HR professionals work at didn’t have a plan.

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More Executives Are Retiring: What Does Succession Planning Look Like Amid COVID-19?

Slayton Search Partners

There are many Americans out there who, blindsided by the pandemic, are anxious about their upcoming retirement. They are experiencing a volatile stock market, layoffs and furloughs that make investing in their retirement difficult. And for a concerning number of C-suite executives, those rising priorities include retirement.

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Aging Workforce Challenges: Trends, Statistics and Impact

Digital HR Tech

Jeffrey Tamburo lists 4 of them in his article for the American Society on Aging : Financial: A lack of a proper pension plan or retirement savings forces a lot of people over 55 to continue to work. Simply because they can’t afford to retire. Postpone retirement. Hirsch , M.A., rather than making assumptions.

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Retirements vs Quits: Getting to the Bottom of the Great Resignation

Slayton Search Partners

In particular, the earlier pandemic era (2020-2021) resulted in a record number of retirements and early retirements. The fact is, the oldest Baby Boomers became eligible for retirement benefits back in 2008. million people entering retirement than previous trends would have predicted.

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Benefits Packages that Motivate Employees and Attract Top Talent

InfinityHR

Retirement. Since the 2008 financial crisis, everyone has been stressing the importance of savings, especially for retirement. An employer-sponsored retirement plan helps employees by: Deducting savings directly from paychecks. Those include: Benefit Pension Plan. 401(k) Plan. Roth 401(k) Plan.

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Is it time for a culture check-up?

HRExecutive

When Lisa Bettinger Buckingham took the HR reigns at Lincoln Financial Group in December 2008, the financial-services industry was struggling to survive a global economic crisis that many economists today believe brought the world to the brink of a second Great Depression. Just weeks into Buckingham’s tenure, the Radnor, Pa.-based

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Performance Management for the Finance and Insurance Industry: 8 Best-In-Class Tips

WorkDove

The 2008 financial crisis pushed professionals to leave the industry entirely, causing a talent gap of seasoned professionals the sector is experiencing now. Retiring workforce- According to The America Works Report , by 2036 almost 400,000 employees in the insurance industry specifically will retire.