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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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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. Of the remaining 2.25

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

CCI Consulting

What this makes me think of is the well-known quote from George Santayana that “those who do not learn history are doomed to repeat it.” a 28% quit rate in 2001 and 2010, following the 2000-2001 and 2008-2009 recessions). a 28% quit rate in 2001 and 2010, following the 2000-2001 and 2008-2009 recessions).

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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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Performance Management for the Finance and Insurance Industry: 8 Best-In-Class Tips

WorkDove

The 2008 financial crisis pushed professionals to leave the industry entirely, causing a talent gap of seasoned professionals the sector is experiencing now. Attracting experienced employees to these jobs years later proves to be challenging as well.

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2023 workforce predictions: resilience over growth

Achievers

Development has long been a cornerstone of employee retention, career growth, and succession planning. As organizations begin to operate with leaner teams, they must ensure they’re still maintaining productivity, as well as retaining top talent. We know purpose is important to employees as well.

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Benefits Packages that Motivate Employees and Attract Top Talent

InfinityHR

Retirement. Since the 2008 financial crisis, everyone has been stressing the importance of savings, especially for retirement. An employer-sponsored retirement plan helps employees by: Deducting savings directly from paychecks. Those include: Benefit Pension Plan. 401(k) Plan. Roth 401(k) Plan.