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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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Organizational Talent Pools: 4 Steps to Developing Employees

HR Bartender

Talent pools allow organizations to develop employees in areas that align with company competencies and values instead of focusing on developing specific position skills. This allows a talent pool to address the biggest challenge with succession planning , which is telling individuals they’re part of the plan.

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HR Software and the Future of Workforce Forecasting

EmployeeConnect

This helps HR teams proactively plan for skill shortages, budget more effectively for recruitment, and build strategies for long-term talent development. Rather than reacting to staffing issues as they arise, businesses can build talent pipelines and succession plans that align with future growth.

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HR Tech Awards 2025 Winners Announced

Lighthouse

With mobile-first design, leadership development tools, and real-time scheduling and labor cost controls, Paycor meets frontline challenges head-on. Talent Analytics Best Talent Intelligence Solution Fitt Winner Fitts ESP-tIQ platform transforms succession planning into a real-time, enterprise-wide talent intelligence capability.

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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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What is Headcount Reporting? A Complete Guide for Employers

HR Lineup

For example, if headcount reports reveal a lack of diversity in senior management positions, leadership can take targeted actions to promote diversity through internal development programs or diverse hiring practices. This data-driven approach supports a more inclusive workplace and helps organizations meet their diversity goals.

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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. It ensures that an organization is prepared for the future by identifying and developing internal talent to fill key leadership roles. Follow these steps to ensure a successful and sustainable plan.