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

Business Management Daily

Planning for the exit of a valued team member or senior leader is often a stressful event. Usually, employees or managers must leave due to unforeseen circumstances, leaving a hole within your company. What is succession planning? It’s worth noting that succession planning is optional for some roles.

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What’s keeping HR up? 5 key takeaways about changing priorities

HRExecutive

“Economic uncertainty is not new for HR leaders, given the events and market environment of the past five years,” says John Bremen , managing director and chief innovation & acceleration officer at WTW. Yet, nearly 34% identified AI, gen AI or agentic AI tools among the most-needed HR technologies.

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HR Year-End Checklist: 10 Critical Areas to Assess

Extensis

Performance management As the year winds down, it’s the perfect time to prioritize performance management. Completing year-end performance reviews and setting future goals fosters growth, engagement, and alignment within a company. Employee engagement and culture Company culture is a hot topic, and for good reason.

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What Is Succession Planning, and How Can It Benefit Employers?

Zenefits

This puts you in a serious bind, which could have been prevented through succession planning. Read on to learn about succession planning, how it can benefit your company, and steps in the process. What is succession planning in companies? What are the risks of not having a succession plan?

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How To Craft a Strategic Hiring Plan in 2025

AIHR

KPIs and performance management: You also play an essential role in setting key performance indicators (KPIs) for the hiring process, such as time to fill , cost per hire , and quality of hire. Incorporate succession planning Be proactive about identifying and developing high-potential employees to fill key leadership positions.

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Best enterprise HR software systems 

HiBob

Managing a large team becomes increasingly challenging as an enterprise grows, especially when balancing HR processes like recruitment, training, and performance management. What is enterprise HR software?

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Workforce Forecasting: Your 5-Step Guide To Predict Staffing Needs

AIHR

Tools like skills inventories and performance management systems can streamline this process, giving you a clear picture of your workforces strengths and weaknesses. In AIHRs Talent Management and Succession Planning Certificate Program , you will learn to use talent segmenting and demand forecasting to support your workforce planning.