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Succession Planning: Essential Guide for HR

Analytics in HR

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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More Executives Are Retiring: What Does Succession Planning Look Like Amid COVID-19?

Slayton Search Partners

There are many Americans out there who, blindsided by the pandemic, are anxious about their upcoming retirement. They are experiencing a volatile stock market, layoffs and furloughs that make investing in their retirement difficult. And for a concerning number of C-suite executives, those rising priorities include retirement.

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Retirements vs Quits: Getting to the Bottom of the Great Resignation

Slayton Search Partners

In particular, the earlier pandemic era (2020-2021) resulted in a record number of retirements and early retirements. The fact is, the oldest Baby Boomers became eligible for retirement benefits back in 2008. million people entering retirement than previous trends would have predicted.

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Forget the Catchy Headlines – It Is Time for HR Leaders to Get Serious About Workforce Planning

CCI Consulting

a 28% quit rate in 2001 and 2010, following the 2000-2001 and 2008-2009 recessions). A significant contributing factor in 2021 is the increase in retirements with 1.5M more retirements than normal.  First, some facts about employee turnover: The 2021 quit rate is consistent with other post-recession data (i.e.,

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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. Simply because they can’t afford to retire. Postpone retirement. Hirsch , M.A., rather than making assumptions.

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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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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 When the pandemic hit in early 2020, then, those challenges just added to the work that was underway.