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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. It also helps ensure your enterprise’s survival in an age where HR focusing on employee retention and quality talent is vital to business resilience.

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Thinking Outside The 9-Box

Chief Executive

For time immemorial (well, since the 1970s when it was developed by McKinsey & Co.) , the 9-box grid has been the model used for succession planning. The particulars of the approach will vary from company to company, based on their level of maturity with talent management and succession planning.

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Elevating Others Thought Leadership | Watchen Nyanue Hampton

Peter Winick

Watchen shows how elevating others in thought leadership and using your own power to share the spotlight can be good for retention, succession planning, and reaching wider audiences through wider conversations that you otherwise might never have been aware of. It makes a huge difference in retention.

Retention 299
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Your Ultimate Employee Commitment Survey Guide [Plus Example Questions]

AIHR

This can give your organization valuable insight into retention, which is just one of the reasons why you should regularly conduct employee commitment surveys. This can help with succession planning. Boost retention : Commitment and retention are linked. How do you measure employee commitment?

Scaling 89
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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. Talent development and retention An Employee Benefits News study shows that the average cost of losing talent is 33% of a company’s annual revenue. While a certain number of exits are unavoidable, they can be limited.

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How To Create the Ultimate Exit Survey (Plus Questions & Free Template)

AIHR

Help with succession planning: Another goal of an employee exit survey is to highlight skills gaps. With this knowledge, employers can work to bridge these gaps and improve succession planning. It’s important to collect a mix of quantitative and qualitative data, where certain questions have a scale rating (e.g.,

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Director of People and Culture Job Description and Salary

AIHR

In this position, you will oversee all aspects of HR processes, strategic HR leadership, organizational development, talent acquisition, retention, employee relations, HR analytics, compliance, and risk management. Legal knowledge: Comprehensive knowledge of HR laws and regulations for compliance and risk management.