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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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HR Tech Awards 2025 Winners Announced

Lighthouse

Talent Analytics Best Talent Intelligence Solution Fitt Winner Fitts ESP-tIQ platform transforms succession planning into a real-time, enterprise-wide talent intelligence capability. If your organization wants to compete in 2026, simply let our team know by emailing us.

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What Are the Seven Steps to Succession Planning?

Intoo USA

Succession planning—a process for creating and maintaining a talent pipeline —is a necessary part of talent management, and is something you’ll appreciate having done especially when faced with a sudden, unexpected event. Who should participate in succession planning? Draft the succession policy.

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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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HR KPIs: Guide, 20 Examples & Free Template

AIHR

Attainable : Companies can reasonably influence this metric through internal development programs, mentorship, or succession planning. Relevant : It aligns with organizational goals like talent development, employee retention, and cost-saving measures by reducing external recruitment needs.

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Chief Talent Officer: Everything To Know About This Role

AIHR

Liaising with the management team, the chief talent officer sets the strategic vision and priorities for the company’s staffing operations. The chief talent officer creates processes to optimize hiring, build relationships for candidate pipelining and succession planning, and manage short and long-term staffing requirements.

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Succession Planning: A Full Guide

AIHR

According to corporate leaders in a recent report by IED and Stanford Business School, succession planning is vitally important. Knowing who is next in line to fill senior positions and being able to groom these people to become your company’s next generation of successful leaders is crucial to stay competitive. A definition.