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11 Succession Planning Best Practices to Follow in 2024

AIHR

Poor succession planning can be incredibly expensive. But with a rock-solid succession planning strategy, you can ensure a smooth transition of leadership, minimizing disruption and maintaining stability. Contents What is succession planning? 11 succession planning best practices to follow 1.

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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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How to Measure HR Effectiveness: 12 Useful Metrics

AIHR

For example, an efficiently designed and executed recruitment and onboarding strategy can help bring top talent on board, leading to increased productivity and, therefore, revenue. We discuss HR effectiveness metrics in more detail below. To measure the effectiveness of your HR function, you need to establish relevant metrics.

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Diversity, Equity, And Inclusion 101 For Tech Leaders

Walk Me

Diversity equity and inclusion technology is an excellent example of digital tools’ social and political importance and how tech leaders can use them to benefit their staff and company. But what do diversity, equity, and inclusion mean? What Is Diversity, Equity & Inclusion? How does DEI benefit the tech industry?

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7 Steps to Building a Successful Talent Acquisition Team (+Netflix Case Study)

AIHR

Moreover, research by McKinsey found that companies with more diverse workforces are 35% more likely to outperform their industry peers. What is the difference between talent acquisition and recruitment? Talent acquisition and recruitment are distinct but interconnected processes within an organization’s hiring strategy.

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What Is a Talent Pipeline? 101 Guide To Building a Robust Talent Pipeline

AIHR

Once the roles and skill requirements are identified, you can proactively seek out potential candidates through social media recruitment, employee referrals, networking events, and partnerships with educational institutions to attract a diverse pool of qualified candidates. This ensures that they are better prepared to assume roles.

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How HR Can Create a Comprehensive Talent Strategy

AIHR

Therefore, being able to recruit, develop, engage and retain the right people at scale should be a top priority. The right talent management strategy can move beyond typical activities such as talent acquisition and performance management to managing talent relationships and creating a more diverse and inclusive talent system.