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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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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.

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How to Overcome These 7 Succession Planning Challenges

AIHR

Succession planning is a complex process, especially in the fast-changing economic environment that we find ourselves in. To help you successfully guide your organization through these dynamic times, let’s take a look at the most common succession planning challenges and how you can overcome them.

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How to Move Succession Planning Toward the Top of the Agenda

Association Now Leadership

That underscores the importance of succession planning, something organizations don’t enjoy thinking about. Now What? ,” a pair of UK consultants map out some of the preparation that executives and boards can do to ease the succession-planning process. In an MIT Sloan Management Review article, “ The CEO Is Leaving.

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How To Create A Succession Plan

https://www.organizationaldevelopmentsolutions.com

That creates a big problem.When we have discussions with our partners, we’re often asked that magical question: How do we create a succession plan? Firstly, it's important to note: a replacement plan is not the same as a succession plan. Or is it because you don’t really know how to create a succession plan?

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Developing 'Informal Leaders' Among Employees

Vantage Circle

The systematic development of good leaders is fundamental to long-term organizational success. Many successful companies rely on their "informal leaders" to help lead the way. The informal leaders do not hold any formal authority or power over the peers choosing to follow their lead but can influence others' decisions.