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

AIHR

CEO succession planning is more important than you may realize. The researchers estimate that better succession planning could help the large-cap US equity market achieve 20% to 25% higher company valuations and investor returns. 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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Crucial HR KPIs to measure in today’s workplace

Insperity

This has pushed specific HR KPIs to the forefront in importance and significance. Recruitment costs Many employees now work remotely, or at least on a hybrid schedule. For example, a hire in California may command a $100,000 salary, but a comparable hire in Tennessee may only cost $60,000.

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13 HR Technology Trends To Watch in 2025

AIHR

alone have invested over $5 trillion in HR technology , and 74% of companies plan to increase their HR tech budgets. Additionally, 80% of companies on Forbes Global 2,000 list will use algorithmic managers for hiring, firing, and training employees. Employers in the U.S. Check their background, clients, and online reviews.

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Digital HR

AIHR

The department’s rigorous background check process created a paper file for every recruit, sometimes more than 1,000 pages. The new system let them collect data electronically, resulting in the following: A considerable reduction in time to hire (used to be 18 months) An improved candidate experience An increase in data security.

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People Power Play: Crafting a Winning Analytics Business Case

Hire Road

From hiring and talent management to creating cohesive teams, people analytics allows businesses to harness data for more insightful, strategic decisions. When organizations leverage people analytics software, they gain the ability to measure workforce metrics like turnover, engagement, productivity, and more. The expected ROI (e.g.,

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Employee Promotion: Your 7-Step Guide on the Types & How To Promote

AIHR

Flatter learning curves: Promoted employees already know the company’s culture and processes, reducing the time it would take a new hire to adjust to their new function. Lower hiring costs: Internal employee promotions require less extensive employee onboarding and minimize the recruitment expenses associated with hiring externally.