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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? Ideally, you should already be doing this.

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

HRExecutive

Of HR functions that have integrated AI into HR, the top uses are for writing summaries, creating job descriptions, taking meeting minutes and crafting communications. These are making leadership development and succession planning critical top priorities for senior leaders and boards of directors.

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Organizational Talent Pools: 4 Steps to Developing Employees

HR Bartender

This allows a talent pool to address the biggest challenge with succession planning , which is telling individuals they’re part of the plan. That unpredictability can make traditional succession planning efforts difficult and talent pools an ideal tool. However, creating a talent pool takes some planning.

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Brokers: 5 HR Trends to Guide Your 2025 Strategy

Extensis

Quick look: A new year is here, and with it comes a fresh set of workplace trends, from further incorporating artificial intelligence into daily tasks to designing comprehensive succession plans. As such, clients should adapt their communication strategies and leadership styles to meet their unique workforce demographic.

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How To Craft a Strategic Hiring Plan in 2025

AIHR

This plan helps ensure that your recruitment process is aligned with your company’s growth aspirations so it can meet its staffing needs. Incorporate succession planning Be proactive about identifying and developing high-potential employees to fill key leadership positions.

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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 Build a Succession Plan for Your Organisation

EmployeeConnect

Succession planning is one of the most strategic and impactful processes an organization can undertake. The reality is, succession planning should be a proactive, ongoing process to secure the organisations long-term success. Why Succession Planning Matters Succession planning is essential for a variety of reasons.