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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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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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Core Competencies 101: Incorporating Across the Employee Lifecycle

AIHR

Are you looking to raise the bar on employee performance and talent development in your organization? Core competencies provide a framework for aligning talent management strategies and driving organizational success. Outline specific goals, milestones, and learning activities to help employees develop targeted skills.

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Creating a PIP: 4 Performance Challenges with Performance Improvement Plan Examples

15Five

Creed will attend a time management workshop to improve his efficiency and productivity skills. Incorporating continuous skill development, cross-training, and mentorship programs allows employees to develop their skill set and stay engaged in their work. Actions: Jim will attend a time management and prioritization workshop.

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How to Develop a Staffing Planning (With Staffing Plan Example)  

AIHR

Used as a model, a staffing plan is a detailed illustration of the organization’s talent pool. It highlights the roles needed in each business unit, the required skills and competencies, succession planning, staffing budget, and ongoing development.

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What is Employee Training (+ How To Develop an Employee Training Program)

AIHR

The Association for Talent Development (ATD) revealed that companies offering a formalized training program increase their profitability per employee by 218%. Workshops/Seminars Interactive sessions conducted by subject matter experts. Conferences/External Sending employees to external workshops, seminars, or conferences.

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What Is a Training Matrix? (Plus 7 Steps To Using One) 

AIHR

It’s also an excellent tool for succession planning and talent management. Creating a training matrix Building on the skills matrix, a training matrix is developed to map out the specific training activities for each employee.