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What Is Succession Planning, and How Can It Benefit Employers?

Zenefits

This puts you in a serious bind, which could have been prevented through succession planning. Read on to learn about succession planning, how it can benefit your company, and steps in the process. What is succession planning in companies? What are the risks of not having a succession plan?

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Measuring HR: Bringing People Analytics to Human Resources

Zenefits

Measureables: reduced turnover; higher employee satisfaction; support for internal promotions; succession planning. Some platforms allow business to analyze even old, hand-written performance evaluations to generate employee competency profiles and performance scores for the employee as well as the reviewer.

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Everything You Need to Know About Workforce Planning

Zenefits

Advantages of workforce planning. Workforce planning allows you to: Tie your workforce requirements directly to your business plan and goals. Identify gaps in your workforce’s current competencies and the competencies needed in the future. Have a succession plan ready for when key employees leave.

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Build a Career Ladder for Workers That You Both Can Climb

Zenefits

If employees don’t feel they have the ability to climb to the next rung on a corporate ladder, chances are they may jump ship and head over to a competing organization. If you want to improve your ability to build a satisfying workplace and offer your teams a chance to experience consistent growth in their careers, Zenefits can help.

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What Is a Job Analysis? And Why You Should Do It

Zenefits

Determine the competencies required for the role. Your organization will be able to apply the data received from a job analysis to many initiatives, including: Workplace planning. Succession planning. Prioritize tasks and link them to competencies. Remove any task that cannot be linked to one or more competencies.

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Is Your Employee Retention Program Working?

Zenefits

Offering better healthcare, retirement plans, or other benefits packages might help keep employees more satisfied if a company can’t compete monetarily with their nearest competition. A bonus is that this helps with succession planning. It also allows the manager to learn what areas require more training.

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Promoting From Within: When It’s Time and Who to Choose

Zenefits

Either to fill an immediate need or to plan for the future, there are skills and qualities that make for successful advancement to management. Competency in the work. At minimum, managers should be competent to execute the work themselves. Succession planning is key to employee motivation and retention.