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Succession Planning and Identifying Future Leaders Is Key to Growth

Reflektive

Similarly, six in ten companies from a 2008 survey confronted a shortage of talent in leadership roles. Beyond financial implications your company suffers loss in productivity, knowledge, and culture when a high-potential employee decides to leave. Succession Planning: A Call to Action. Your 2027 C-Suite awaits.

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Could a Company Retreat Be Good for Your Business?

HRIS Payroll Software

Company retreats have, well, retreated since the economic downturn of 2008. It can be hard for everyone to relax and break away from the idea that constant action is needed to be productive. While the economy has picked back up, many organizations have failed to establish or reestablish company retreats. Provides a Fresh Perspective.

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8 HR Models Every HR Practitioner Should Know in 2023

Analytics in HR

According to the HR value chain, everything HR does and measures can be divided into two categories: HRM activities : Day-to-day activities, including recruitment, compensation, training, and succession planning. Employee Champion : Manages workforce competencies and employee engagement levels to improve productivity.

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Is it time for a culture check-up?

HRExecutive

When Lisa Bettinger Buckingham took the HR reigns at Lincoln Financial Group in December 2008, the financial-services industry was struggling to survive a global economic crisis that many economists today believe brought the world to the brink of a second Great Depression. Just weeks into Buckingham’s tenure, the Radnor, Pa.-based

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Aging Workforce Challenges: Trends, Statistics and Impact

Digital HR Tech

Jeffrey Tamburo lists 4 of them in his article for the American Society on Aging : Financial: A lack of a proper pension plan or retirement savings forces a lot of people over 55 to continue to work. The fallout of the financial crisis of 2008 left many of them with debts and/or insufficient income from their pension.

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2023 workforce predictions: resilience over growth

Achievers

To succeed today, the employee experience must remain a top focus – and the only way to thrive is to zero in on employee resilience, productivity, and retention. By doing so, leaders will benefit from both short and long-term success. Development has long been a cornerstone of employee retention, career growth, and succession planning.

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4 Talent Management Challenges The Insurance Industry Is Facing

Eightfold

As we saw in the financial crisis in 2008/2009, the insurance industry was very resilient, and did not have a downturn in unemployment,” Jon Loftin , president and COO of MJ Insurance, tells Insurance Business. “In The business of assessing risk, underwriting products, and selling insurance looks vastly different than it did a decade ago.