Remove Article Remove Compensation Remove Succession Planning
article thumbnail

Succession Planning: Essential Guide for HR

AIHR

Succession planning is essential to ensure critical roles in a company are not left vacant for extended periods or filled by people who don’t have the skills or knowledge to perform in the role. That means that over half of the organizations the surveyed HR professionals work at didn’t have a plan.

article thumbnail

The Supreme Guide to Sales Compensation in 2023 (With Plan Examples) 

AIHR

Are you looking to create a sales compensation plan for your company? organizations spend more than $800 billion each year to manage their sales force, with $200 billion devoted solely to compensation. Contents What is sales compensation? Sales compensation is a critical aspect of B2B organizations.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

7 Human Resource Management Basics Every HR Professional Should Know

AIHR

In this article, we dive into the seven Human Resource Management basics you must know to understand the varied roles of HR within an organization. Succession planning 5. Compensation and benefits 6. However, for clarity and the context of this article, we’ll continue to use this term. What is a human resource?

article thumbnail

4 Strategies To Help Organizations Fix the Gender Wage Gap

15Five

Give women equitable opportunities to progress with performance management and succession planning. Companies can combat this by taking a look at their performance management and succession planning process. Next, you want to give your succession planning experience the same deep dive. Around 43% of U.S.

article thumbnail

The 9 Box Grid: A Practitioner’s Guide

AIHR

The 9 box grid is a well-known tool for talent management and succession planning. Advantages of the 9 box grid Creating a 9 box grid The 9 box grid explained Applying the 9 box grid in talent management 9 box grid for succession planning 9 box grid Excel template and guide Critique of the 9 box grid FAQ What is the 9 box grid?

article thumbnail

Turnover vs. Attrition: Key Differences Plus How To Calculate Each 

AIHR

It could indicate an aging workforce, which means being proactive about succession planning and knowledge transfer. Compensation: It’s crucial to keep up with the market rate by providing competitive compensation packages. With attrition, employees are retiring or resigning, but usually are not replaced.

Retention 118
article thumbnail

From Compliance to Talent Management: The 15 Essential HR Responsibilities

AIHR

This article offers a deep dive into HR’s responsibilities. Strategic role: Strategic planning and business alignment 2. These strategies may include recruitment and selection processes, employee development and training initiatives, and compensation and benefits programs.