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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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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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How HR Can Create a Comprehensive Talent Strategy

AIHR

Therefore, being able to recruit, develop, engage and retain the right people at scale should be a top priority. The best talent strategies help the organization meet its goals, create a competitive edge, and meet the career development aspirations of present and future talent.

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Chief Talent Officer: Everything To Know About This Role

AIHR

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. Finding and developing them is critical to your business’s success. People are your most important resource in the organization.

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AI in HR: 2024 Guide to Opportunities and Applications in HR

AIHR

Steadily, AI is finding its way into every part of the HR field, from recruiting and onboarding to performance management and evaluation via employee engagement and workforce planning. Contents AI in HR: Past and present Will AI replace HR? More recently, ChatGPT has also been used for recruiting.

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4 Strategies To Help Organizations Fix the Gender Wage Gap

15Five

Start women off with a fair wage during recruitment. Paying women for their work starts during the recruitment process. The recruitment process can be unfair for women because companies might: Base new salaries on what they currently make, typically an underpaid amount.

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How To Build the HR-Board Relationship for Organizational Success

AIHR

Similarly, some CHROs are uncertain about how to engage with the board and which topics to present for discussion. Additionally, the CHRO must assure the board that the organization is actively managing skills gaps and has plans for the succession of critical skills and leadership.