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The company is laying off 5% of its workforce by 2025 to boost profitability. Conducting a salary survey and benchmarking all your salaries will reveal how competitive you are with other employers. This also benefits your strategic workforce planning and successionplanning.
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Learn more 18 Key Leadership Competencies for 2025Success What is a leadership competency model? This also helps in successionplanning , as it identifies employees who could be potential successors. It can also foster trust in the framework and your HR team.
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