article thumbnail

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?

article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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?

article thumbnail

How Can AI Be Used To Improve Leadership Development Programs

Lolly Daskal

As organizations strive to cultivate the next generation of leaders, the role of artificial intelligence (AI) in leadership development programs has become increasingly prominent. As an executive coach, I’ve identified several ways AI can be leveraged to strengthen leadership development programs.

article thumbnail

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.

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

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.