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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. 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.

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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. ” The post Whats keeping HR up?

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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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HR Year-End Checklist: 10 Critical Areas to Assess

Extensis

Strategic planning The final months of the year are a great time to pause and plan for potential future business dynamics. By prioritizing these planning efforts, organizations can secure a competitive advantage and maintain continuity in an ever-evolving business environment.

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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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How To Craft a Strategic Hiring Plan in 2025

AIHR

Incorporate succession planning Be proactive about identifying and developing high-potential employees to fill key leadership positions. In considering succession planning needs, you can forecast these future hiring requirements and ensure smooth leadership transitions.

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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?