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CEO Succession Planning: Your 2024 Comprehensive Guide (+Free Template)

AIHR

CEO succession planning is more important than you may realize. According to Harvard Business Review , nearly $1 trillion of market value is wiped out every year in the S&P 1500 from poorly managed CEO and C-suite transitions. Contents What is CEO succession planning?

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Free Succession Planning Template and In-depth 2024 Guide

AIHR

Formulating a succession planning template helps to define the purpose and key components of your succession plan. This detailed template can help you chart primary functions and orientate your organization’s succession planning journey. Contents What is a succession planning template?

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How to Build a Succession Plan for Your Organisation

EmployeeConnect

Succession planning is one of the most strategic and impactful processes an organization can undertake. The reality is, succession planning should be a proactive, ongoing process to secure the organisations long-term success. Why Succession Planning Matters Succession planning is essential for a variety of reasons.

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What Is a Competency Model? Expert Guidance on Developing Yours

AIHR

A competency model can be a powerful tool for HR and organizations to ensure employees have the right skills and knowledge to meet business goals. This article discusses the key benefits of an effective competency model, the different types, and how to develop and implement one in your organization. Contents What is a competency model?

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Your 9-Step Guide To Developing The Right Leadership Competency Model

AIHR

The right leadership competency model can shape your top performers into future leaders who inspire teams, drive performance, and help the organization reach its wider goals. This suggests that a lack of competent leaders can lead to companies losing talent. Contents What are leadership competencies?

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Employee Skills Assessment: How To Properly Measure Employee Competencies

AIHR

An employee skills assessment is more than just a performance review. For example, skills assessments could align with your organizations performance management cycles, talent reviews, and succession and workforce planning initiatives. For instance, you can train strong decision-makers for management roles.

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Strategic Planning with Workforce Analytics: How HRIS Empowers HR Managers

EmployeeConnect

By leveraging these insights, HR managers can make more informed decisions about recruitment, retention, employee development, and succession planning. By analysing data on employee engagement, performance reviews, and exit interviews, HR managers can identify patterns that lead to turnover and develop strategies to address them.