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Business succession planning: The complete guide

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Business succession planning (BSP) is the best way for HR to ensure they retain the institutional knowledge and experience they have worked hard to accumulate in a business. However, effective business succession planning can benefit the culture, operations and finances of any enterprise.

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Succession Planning: Essential Guide for HR

AIHR

Succession planning is essential to ensure critical roles in a company are not left vacant for extended periods or filled by people who don’t have the skills or knowledge to perform in the role. That means that over half of the organizations the surveyed HR professionals work at didn’t have a plan.

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The 9 Box Grid Explained

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By the end of this guide, you’ll be equipped with the knowledge to effectively implement this strategy, ensuring that your organization stays ahead in the competitive world of business through optimal talent management. They might benefit from coaching, mentoring, or a revised development plan.

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Job rotation: How to effectively train your staff

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It will: Define the practice of job rotation; Explain the different methods of job rotation; Provide example and use cases of real-life situations; Explore the benefits and challenges of training via job rotation. You can implement job rotation in various ways, ranging from short-term shadowing experiences to longer periods of secondment.

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Director of People and Culture Job Description and Salary

AIHR

The Director of People and Culture leads various HR functions and responsibilities in large companies and corporations: recruitment and talent acquisition , compensation and benefits, training and development, performance management, and employee relations. The role is more administrative in nature.

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From Compliance to Talent Management: The 15 Essential HR Responsibilities

AIHR

Employee development: Onboarding, training and development responsibilities 5. Each category has its own set of HR responsibilities, but they are all crucial to the success of an organization. HR must also develop and implement policies and practices that comply with legal and regulatory requirements.

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[Free] Professional Development Plan Template and Guide for 2024

AIHR

DOWNLOAD PDP TEMPLATE (WORD DOC) Contents What is a professional development plan? Think of a professional development plan (PDP) as a career “action plan.” Succession planning Succession planning involves a strategic PDP focused on developing employees to fill key business leadership positions in the future.