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11 Succession Planning Best Practices to Follow in 2024

AIHR

Poor succession planning can be incredibly expensive. But with a rock-solid succession planning strategy, you can ensure a smooth transition of leadership, minimizing disruption and maintaining stability. Contents What is succession planning? 11 succession planning best practices to follow 1.

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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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The Art of Strategic Succession Planning: Achieving Talent Continuity in an Era of Uncertainty

15Five

If you were one of the millions of people who obsessively tuned into the HBO series “Succession,” then you’ve seen how a poorly executed succession plan can throw an organization into chaos. But while succession planning isn’t nearly as dramatic in real life as it is on TV, it is still an important business practice.

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Small Business Succession Plan 101

Zenefits

According to Deloitte, only 1 in 4 private company boards has a succession plan in place. For small businesses, the number of business owners who have a documented business succession plan is even lower, with just 1/3 being prepared for an eventual transfer. What is a business succession plan?

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How to Move Succession Planning Toward the Top of the Agenda

Association Now Leadership

That underscores the importance of succession planning, something organizations don’t enjoy thinking about. Now What? ,” a pair of UK consultants map out some of the preparation that executives and boards can do to ease the succession-planning process. In an MIT Sloan Management Review article, “ The CEO Is Leaving.

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A Comprehensive Guide to Developing an HR Strategic Plan

AIHR

An HR strategic plan solidifies and documents your HR strategy. An HR strategic plan turns your HR strategy from an abstract concept into a concrete road map for HR and organizational success. This article discusses what an HR strategic plan is, why you need one, and how to create one.

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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?