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11 Succession Planning Best Practices to Follow in 2024

AIHR

But with a rock-solid succession planning strategy, you can ensure a smooth transition of leadership, minimizing disruption and maintaining stability. Conduct an analysis across departments to pinpoint roles that have a direct impact on the company’s bottom line, operational efficiency, and strategic direction.

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A Guide to Conducting a Training Needs Analysis + Free Template

AIHR

Examples: Knowledge of accounting principles and practices Knowledge of budget control policies and procedures Skills Technical or manual proficiencies are usually gained or learned through training. More importantly, it takes into account other factors like trends and changes in the economy, politics, technology, and demographics.