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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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Banking Industry Plans to Increase Hiring, Salaries in 2018

HR Daily Advisor

The labor market is tightening and turnover is increasing, but banks are planning to grow employment, according to data from the Crowe Horwath LLP 2017 Bank Compensation and Benefits Survey. This year, the survey also asked about CEO/executive succession planning.

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Masterful Succession Planning: Avoid These 6 Costly Mistakes 

Accendo Technologies

Succession planning is a critical component of business, yet many C-suite executives struggle to create effective plans, leading to disruptions when leaders depart. This blog delves into the importance of comprehensive succession planning, the challenges that arise, and the common mistakes to avoid.

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Top 401(k) Advisors Do These 5 Things. Does Yours?

ForUsAll

You and your employees pay them a lot of money out of your retirement accounts, so you want to be sure your advisor is providing as much value as possible. And yet, all too often, advisors don’t do enough to help employers with basic aspects of managing a successful plan, like passing nondiscrimination tests (NDTs).

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Human Resources Growing in Importance in the Banking Industry

HR Daily Advisor

Seventy-seven percent of respondents have a documented succession plan in place for CEO and executives, up from 63% last year. This increase suggests the growing importance of being prepared for the exit of executives as the baby-boomer generation nears retirement age, including having a smooth transition with transparent expectations.

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Is it time for a culture check-up?

HRExecutive

A few months later, Lincoln announced it would accept $950 million in capital as part of the government’s $700 billion Troubled Asset Relief Program (TARP), made a public offering of $600 million of common stock and sold Lincoln National plc, its United Kingdom unit that sold life insurance and retirement-income products.

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Transitioning Employees to Retirees

HR Daily Advisor

If you’re like many employers and have Baby Boomers in your workforce, you may be thinking about how you’re going to replace all that organizational knowledge as they retire. If that’s what’s on your mind, then it’s time to dust off that succession plan and get busy capturing all that knowledge. A Retirement Toolkit.