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Succession Management: 9 Steps For Future Success

Analytics in HR

Reduce turnover by filling positions internally. In fact, a study found that external hires are 61% more likely to be laid off or fired. Overall, investing in employee career development and succession management programs help you improve employee retention. CASE STUDY: McDonald’s Corporation. Knowledge transfer.

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Hiring Scheduling

Thrive Global

In fact, according to Brandon Hall Group research , organizations with a strong onboarding process improve employee retention by 82 percent and productivity by over 70 percent. A buddy or mentor at work is very important when getting started, according to 56 percent of respondents in the BambooHR study. Month One: Getting Acclimated.