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Succession planning 101: A step-by-step guide for small businesses

Business Management Daily

To avoid the stress and uncertainty of these transitions, it’s helpful to create a formal succession plan for your most critical roles to prevent operational disruptions when the time comes for a key employee to leave your organization. What is succession planning? Ideally, you should already be doing this.

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How To Craft a Strategic Hiring Plan in 2025

AIHR

It’s strategically acquiring talent to fuel growth, innovation, and competitive advantage – and it all begins with a strategic hiring plan. Contents What is a hiring plan? AIHR’s Sourcing & Recruitment Certificate Program will help you craft a winning hiring plan and increase candidate quality.

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A Case for Increasing Your Investment in Human Resources

15Five

Key takeaways A strategic investment in human resources leads to higher employee retention, stronger succession planning, and a boost in shareholder value. Performance management: Including transitioning from outdated methods like annual reviews to continuous feedback systems. A growing base of institutional knowledge.

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Brokers: 5 HR Trends to Guide Your 2025 Strategy

Extensis

Quick look: A new year is here, and with it comes a fresh set of workplace trends, from further incorporating artificial intelligence into daily tasks to designing comprehensive succession plans. Trend 3: A focus on leadership development Did you know that just 10% of people possess a natural ability to manage others ?

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How To Align HR Strategy With Business Objectives

HR Stacks Blog

That means shaping talent plans around company goals, using data to inform people decisions, and designing a workplace culture that supports long-term success. From workforce planning to leadership development and performance management, HR can and should act as a growth partner.

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How to Build a Succession Plan for Your Organisation

EmployeeConnect

Succession planning is one of the most strategic and impactful processes an organization can undertake. The reality is, succession planning should be a proactive, ongoing process to secure the organisations long-term success. Why Succession Planning Matters Succession planning is essential for a variety of reasons.

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13 Practical Performance Management Strategies To Implement (In 2024)

AIHR

Performance management strategies are crucial for driving results. Gallup and SHRM found that under 20% of employees find their performance reviews inspiring, and 95% of managers are dissatisfied with their organizations’ review systems. It’s clear that performance management is effective.