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Top 10 Succession Planning Tools and Software

Digital HR Tech

A rapidly aging workforce and a growing need to upskill people make succession planning – and therefore the use of succession planning tools – increasingly important. As a result of these changes, succession planning – and the tools that go with it – become more and more important for companies.

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

Business Management Daily

To avoid the stress and uncertainty of these transitions, it’s helpful to create a formal succession plan for your most critical roles to prevent operational disruptions when the time comes for a key employee to leave your organization. What is succession planning?

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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

This helps HR teams proactively plan for skill shortages, budget more effectively for recruitment, and build strategies for long-term talent development. Rather than reacting to staffing issues as they arise, businesses can build talent pipelines and succession plans that align with future growth.

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The 15-Minute Guide to Creating Your First Competency Matrix (+Free Download)

Peoplebox

Table of Contents What is a Competency Matrix? Competency Matrix vs. Training Matrix vs. Skill Matrix How Can Peoplebox Help? A competency matrix is the key to solving your team’s skill-tracking challenges. What is a Competency Matrix? So kickstart the matrix by creating different columns of the matrix.

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What is Headcount Reporting? A Complete Guide for Employers

HR Lineup

to evaluate retention strategies and succession planning. Skills and Competency Report A Skills and Competency Report provides a detailed overview of the skills and qualifications present within the workforce. Planning for upskilling or reskilling initiatives. Supporting talent development and succession planning.

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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?