Remove Retirement Remove Study Remove Succession Planning
article thumbnail

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?

article thumbnail

What is a Backfill Position and Why is It Important?

HR Lineup

This can occur due to reasons such as: Resignation: An employee leaves the organization to pursue other opportunities or retire. Succession Planning: Develop a succession plan that identifies potential internal candidates for key positions in advance. This can bring in fresh perspectives and new expertise.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Succession Planning 101: When to Start?

EDSI

You may be wondering, when is the best time to begin thinking about a Succession Plan. " Recent studies reveal that only 30% of small business owners have a formal succession plan, leaving a vast majority unprepared for future transitions. As the saying goes, "there's no time like the present."

article thumbnail

9 HR Steps to Create an Impactful Employee Development Plan

AIHR

Employees may then work in your organization for longer and possess a deeper understanding of your customers and culture – a unique asset that will contribute immensely to your company’s success. Gallup studies have shown that engaged employees result in business growth. What should a development plan include?

article thumbnail

What is HR Analytics? All You Need to Know to Get Started

AIHR

For more real-world HR analytics examples, you can refer to the case studies we published in the past. For example, if you want to optimize succession planning, the right question could be, “Which employees have the highest potential for progression and leadership?” We discuss more real-life examples below.

article thumbnail

Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning

Visier

With baby boomers heading into retirement — by 2050 an estimated 88.5 But there is another retirement population that is perhaps even more worrying to them: nurses. This means that more than one million RN’s will reach retirement age within the next 10-15 years, leading to a drastic shortage of skilled, tenured nurses.

article thumbnail

Helping Employees Prepare for Retirement

Extensis

Quick look: It’s October, meaning it’s both “spooky season” and National Retirement Security Month. October is National Retirement Security Month, a time that is officially dedicated to “acknowledging the need to raise public awareness of a variety of tax-preferred retirement vehicles.” The state of retirement today.