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Succession planning 101: A step-by-step guide for small businesses

Business Management Daily

Usually, employees or managers must leave due to unforeseen circumstances, leaving a hole within your company. What is succession planning? Succession planning involves selecting and preparing internal talent to take over key roles eventually.

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Organizational Talent Pools: 4 Steps to Developing Employees

HR Bartender

Talent pools allow organizations to develop employees in areas that align with company competencies and values instead of focusing on developing specific position skills. This allows a talent pool to address the biggest challenge with succession planning , which is telling individuals they’re part of the plan.

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HR Software and the Future of Workforce Forecasting

EmployeeConnect

Workforce forecasting, once a reactive exercise based largely on historical data and guesswork, has become a strategic necessity for future-focused companies. Today, they serve as powerful data enginestracking everything from employee turnover and hiring trends to productivity, engagement, and skills development.

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Brokers: 5 HR Trends to Guide Your 2025 Strategy

Extensis

Quick look: A new year is here, and with it comes a fresh set of workplace trends, from further incorporating artificial intelligence into daily tasks to designing comprehensive succession plans. However, while 80% of senior leaders believe showing empathy is important, less than half think their company does so effectively.

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What is Headcount Reporting? A Complete Guide for Employers

HR Lineup

It provides a comprehensive view of the number of employees within a company, segmented by various categories such as department, job function, location, and employment status. This data enables employers to make strategic decisions around hiring, budgeting, and workforce planning.

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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. It ensures that an organization is prepared for the future by identifying and developing internal talent to fill key leadership roles. Follow these steps to ensure a successful and sustainable plan.

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How to Avoid Talent Gaps with Data-Driven Succession Planning

Visier

According to the Association for Talent Development , only 35% of organizations have a formalized succession planning process. As with most things, the best way to manage these risks is to be prepared and to have a plan. Succession planning with data. Fictional data used. Fictional data used.