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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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Free Succession Planning Template and In-depth 2024 Guide

AIHR

Formulating a succession planning template helps to define the purpose and key components of your succession plan. This detailed template can help you chart primary functions and orientate your organization’s succession planning journey. Contents What is a succession planning template?

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10 Succession Planning Metrics You Should Know

AIHR

There are routine annual processes that organizations go through – strategic alignment, financial planning, employee satisfaction surveys, reporting, and many other vital processes – to keep the organization moving forward. However, the one that often gets neglected but is among the most important is succession planning.

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HR Dashboard: 5 Examples, Metrics and a How-To

AIHR

An effective HR dashboard makes it easy for People Teams to gain insights into turnover rates, labor costs, and other workforce metrics. In this article, we explore the intricacies of the HR dashboard. We compare it to the HR report, examine key functions and metrics, and discuss how to build an effective dashboard.

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13 Practical Performance Management Strategies To Implement (In 2024)

AIHR

There are four key stages of performance management: Planning: This stage involves setting performance expectations and goals and defining individual success metrics. Greater readiness for succession planning: Regularly monitoring performance gives companies a better understanding of skills gaps.

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How to Overcome These 7 Succession Planning Challenges

AIHR

Succession planning is a complex process, especially in the fast-changing economic environment that we find ourselves in. To help you successfully guide your organization through these dynamic times, let’s take a look at the most common succession planning challenges and how you can overcome them.

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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.