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Learn about succession planning best practices and optimize your organization's succession planning process to nurture new business leaders!
Most HR leaders approach succession planning by managing a pipeline of successors who have the potential to fill a key position or key role. However, almost two-thirds of HR leaders expect a significant portion of leadership roles to change within the next five years, and one-third of those leaders can't predict how the roles will change.
When evaluating your succession planning program, consider the following: 1. Your organization’s bench strength prior to succession planning versus after succession planning started. 2. The number of qualified “ready now” candidates compared to before succession planning started. 3.
This article discusses organizational succession planning, including its benefits, design considerations, challenges and best practices.
Every organization, regardless of size or sector, needs a plan for the future. Succession planning is a proactive strategy for identifying and nurturing high-potential employees to fill critical roles when current leaders move to another role, leave the company, are fired, retire or die.
Apr 17, 2024 · HR should create a succession plan that is aligned with the organization, gain buy-in from the executive team and identify possible successors, said a global HR executive speaking at SHRM’s ...
