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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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What’s keeping HR up? 5 key takeaways about changing priorities

HRExecutive

Among the most important HR technologies in use, AI was cited by only 5%, with the focus more on HRIS, payroll and performance management tools. These are making leadership development and succession planning critical top priorities for senior leaders and boards of directors. ” The post Whats keeping HR up?

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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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Workforce Forecasting: Your 5-Step Guide To Predict Staffing Needs

AIHR

Tools like skills inventories and performance management systems can streamline this process, giving you a clear picture of your workforces strengths and weaknesses. In AIHRs Talent Management and Succession Planning Certificate Program , you will learn to use talent segmenting and demand forecasting to support your workforce planning.

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AI in Performance Management: 11 Practical Applications To Guide You

AIHR

AI is revolutionizing performance management by making it more effective, objective, and actionable. Through automation and real-time feedback, AI can make performance management a truly valuable tool for growth. This article discusses AIs importance in performance management and its practical applications in this area.

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Decision-Making in HR: How To Take the Right Approach in HR Decisions 

AIHR

A key challenge you may face is balancing conflicting priorities, such as aligning leadership goals with employee preferences and addressing immediate needs while planning for long-term success. Another example involves the challenge of balancing immediate hiring needs with strategic workforce planning.

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Human resource planning: Your guide to workforce management

Business Management Daily

While your finance team is creating budget plans and revenue forecasts, the HR department also has its planning to do so. Human resource planning can help you understand your current employees’ skills and abilities while guiding your performance management and recruiting focuses. Follow the key steps below.