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How to Overcome These 7 Succession Planning Challenges

Analytics in HR

Succession planning is a complex process, especially in the fast-changing economic environment that we find ourselves in. To help you successfully guide your organization through these dynamic times, let’s take a look at the most common succession planning challenges and how you can overcome them.

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Succession Planning

Anamcgary's Blog

Succession planning shouldn’t be used just for executive positions. Unfilled and unplanned vacancies cost companies about 50 percent more in lost revenue than the salary for the vacated job itself, according to a 2013 Mercer study. Your action plan should be visible, measurable and shared.

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Succession Planning by the Numbers: 3 Best Practices

Oracle HCM - Modern HR in the Cloud

Based on the research from PwC, Stanford, and others, few companies are able to successfully plan ahead for leadership turnover. But today’s HR leaders have new tools available to help design successful succession planning strategies. Make succession planning objective.

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People Analytics and HR-Tech Reading List

Littal Shemer

If you are interested in additional free resources for data science and R programming, check the comment section of this post. “Technology, data analytics, and artificial intelligence already impact how people work and engage with organizations. Click titles for Kindle versions (Work in progress. First published: May 14th, 2018.

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How To Conduct An Effective 360 Degree Feedback?

Engagedly

About 60% of top development companies are using 360 degree feedback for both development and decision making for high-potential identification, confirmation of potential, and succession planning purposes – Bracken and Church(2013). Robust so that data stays secure and confidential. Test With A Pilot Group.

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CEOs and HR: Then and Now

HR Examiner

In 2013 I wrote a pretty popular piece on my blog titled, Memo to HR. Recently, I was looking at that post and reviewing the list of signs that a CEO was becoming a talent champion (although I didn’t label it that then), and thinking that the progress I was describing in 2013 is only beginning to take off now. It’s 5 years later.

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The Best Way to Prove the Worth of the Talent Function

Visier

This means that, in addition to considering human dynamics, the modern CHRO has the challenge of helping the company develop resource plans that are matched to financial expectations while delivering or exceeding desired business outcomes. This approach requires a rapid, multi-dimensional analysis of all current employee data.