article thumbnail

Business succession planning: The complete guide

Walk Me

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.

article thumbnail

7 Human Resource Management Basics Every HR Professional Should Know

AIHR

Contents What is Human Resource Management? Performance management 3. Succession planning 5. HR data and analytics How has Human Resource Management changed and evolved? Human Resource Management skills FAQ What is Human Resource Management? Let’s get started! What is a human resource?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Core Competencies 101: Incorporating Across the Employee Lifecycle

AIHR

The vital role of core competencies for HR Core competencies serve as a basis for recruiting , performance evaluations , career development , and succession planning. Use coaching and mentoring to develop core competencies : Implement coaching and mentoring programs to support employees in their development journey.

article thumbnail

Talent Planning 101: The Ultimate Starter Guide (For 2023)

AIHR

Luckily, talent planning can help strategically identify the skills, capabilities, and competencies businesses need to thrive and survive. Contents What is talent planning? Key elements of a talent planning strategy Implementing a talent planning process Best practices in talent planning What is talent planning?

article thumbnail

From Compliance to Talent Management: The 15 Essential HR Responsibilities

AIHR

Talent management: Employee experience, engagement, and performance 6. Each category has its own set of HR responsibilities, but they are all crucial to the success of an organization. HR professionals must have a comprehensive understanding of each category and how they contribute to the overall success of the organization.

article thumbnail

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. Contents What is a Director of People and Culture?

article thumbnail

The 12 Key Functions of Human Resources

AIHR

These include recruitment, performance management, learning and development, and many more. In total, there are 12 key functions of Human Resources Management. If we want to understand the functions of Human Resources, we need to understand what Human Resource Management (HRM) is.