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Why Every Top Leader Needs a Succession Plan

Lolly Daskal

Succession planning is crucial for any organization, but it is especially important for top leaders. A well-crafted succession plan can ensure a smooth transition of power, minimize disruptions, and preserve the organization’s legacy.

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Succession Planning: A Full Guide

AIHR

According to corporate leaders in a recent report by IED and Stanford Business School, succession planning is vitally important. Knowing who is next in line to fill senior positions and being able to groom these people to become your company’s next generation of successful leaders is crucial to stay competitive. A definition.

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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.

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Is Your HR Business Partner Model Failing? Here’s Why and How To Fix It

AIHR

Take a phased approach: It’s also important to acknowledge that transitioning to the HRBP model is a process, not a one-time event. Plan for a phased implementation that allows for adjustments and learning as you’re rolling out the model.

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Chief Talent Officer: Everything To Know About This Role

AIHR

Liaising with the management team, the chief talent officer sets the strategic vision and priorities for the company’s staffing operations. The chief talent officer creates processes to optimize hiring, build relationships for candidate pipelining and succession planning, and manage short and long-term staffing requirements.

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Talent Acquisition vs. Recruitment: The Differences and HR’s Key Role

AIHR

The sourcing of candidates can be performed via social media, networking events, and professional associations. Talent pipeline: Identify, nurture and recruit talent to build a strong candidate pool to fill roles as needed. Like sourcing, the talent pipeline needs to be nurtured to ensure a healthy pipeline of potential hires.

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21 Highest-Paying HR Jobs in 2023

AIHR

Skills required to earn within the 75th percentile: Human resource expertise: Solid HR knowledge of talent acquisition, performance management, compensation and benefits, employee relations, talent development, and workforce planning.