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What Is Succession Planning: A Comprehensive HR Guide

Careerminds

This process is known as succession planning, and it’s more important now than ever. But what is succession planning in HR and how do you start implementing a succession plan? What do you need to know for your plan to be successful? What Is Succession Planning?

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Free Workforce Planning Template (Plus 5 Practical Examples)

Analytics in HR

It also entails developing strategies to address those gaps through recruitment, training, succession planning, and other talent management initiatives. Optimizing resource allocation Through careful analysis and forecasting, you can identify where the organization may be overstaffed or understaffed.

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7 reasons to budget for a succession planning program

Talogy

Back to Blogs 7 reasons to budget for a succession planning program Written by Paul Glatzhofer, VP of Talent Solutions It’s never too early to start looking ahead. 7 leadership assessment and succession planning facts: Leaders who score above average on a leadership assessment are 50% more likely to be successful in the role.

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How HR can give your company’s employee retention strategy a boost

Insperity

But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around? Here are eight ways that your organization’s HR personnel can have a direct, positive impact on your employee retention strategy and serve as a valuable partner alongside management.

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How to Protect Your Company from High Employee Turnover

Achievers

Every manager and HR professional views employee turnover as a headache, but do you actually know how expensive and damaging it can be to your organization? The root of employee attrition originates in a lack of engagement, so the best approach to protect your company from high employee turnover is to focus on employee engagement.

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Crucial HR KPIs to measure in today’s workplace

Insperity

Many Human resources (HR) key performance indicators (KPIs) have proven useful to track and measure consistently year over year. Employee engagement Post-pandemic turnover – also known as the Great Resignation – has led HR departments to zero in on employee engagement, satisfaction and retention.

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A hidden retention problem: When long tenure hurts your business

Insperity

But just as high turnover can interfere with your company’s growth on one end of the employee retention spectrum, long tenure – the opposite extreme – can stunt your business’s growth, too. To stay ahead of retention problems and maintain a thriving workforce, it’s important to understand both extremes and their downsides.