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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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What is a (Good) Promotion Rate and How To Calculate It

AIHR

The promotion rate is a key metric that helps HR and business leaders understand how many employees are promoted internally within the company. A promotion rate is an HR metric that measures the rate or frequency at which employees are promoted to fill open positions within an organization over a specific period.

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From Compliance to Talent Management: The 15 Essential HR Responsibilities

AIHR

Employee development: Onboarding, training and development responsibilities 5. Talent management: Employee experience, engagement, and performance 6. These strategies may include recruitment and selection processes, employee development and training initiatives, and compensation and benefits programs.

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

AIHR

Then, by understanding a workforce’s strengths and weaknesses, HR uses this data to implement strategies to address gaps in talent or skills , such as training, leadership development programs, or through recruitment. Workforce analytics is the bedrock for developing more sophisticated and targeted forms of talent planning.

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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. Contents What is a Director of People and Culture?

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Talent Management: 10 Tips for a Successful Strategy

AIHR

A talent management strategy requires a holistic outlook on these processes to maximize its potential. Key focus areas: Talent management touches on all key functions of HR , including recruitment and selection , performance management , rewards , and employee development.

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Human Capital Management (HCM) Software For Enterprises In 2022 & Beyond

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Companies also needed a feature to leverage employee records for succession planning as part of the workforce planning strategy. This is where human capital management (HCM) comes in. When done well, HCM can help businesses attract, develop and retain the talent they need to succeed in the digital age.