In many organizations, succession planning isn’t a priority. Research reveals that only35%of organizations have an effective succession planning process. The process is only considered urgent when a company faces the departure of a key executive or employee. But at this point, it’s usually too...
There are two main types of knowledge that you'll want them to pass on to you or to their successor: explicit and tacit. Explicit knowledge is obvious and easy to define. It's the tasks that they complete and the processes that they use to do so. Tacit knowledge, on the other hand,...
What Is Intestate Succession? The term intestate means that an individual died without a will or any other type of estate plan that would transfer their property to a living individual when they die. Their property therefore passes to others according to state law, typically in an order of su...
Great CEOs know that the transition to their successor will define their legacy and cement the strength of what they’ve built. Here’s how they do it right.
Recruitment policies should also define neutral interview processes that treat all candidates equally. 8. Stick to structured interviews DEI teams create standardized interview guides to promote fair assessments. During the first round(s), favor a structured interview process over an unstructured one to...
Define the Position The most successful recruiting efforts are built on clearly defined roles, which means creating (or updating) the job description for the role. You should meet with the relevant stakeholders (i.e., managers and peers) to understand which skills, tasks, and experiences are cr...
Whether it’s the wrong time in your life to sell or the wrong time for your target market (if you sell Christmas products, you don’t want to sell your business in February, but rather wait another six months), make sure you sell at the right time. Have a succession plan in place...
That’s why it’s very important to use tools such as the Serverless Application Model, where you define everything in a code-versioned template. I only use the AWS Lambda console to view my Lambda functions, their configurations and look at some metrics, and pretty much nothing else. Test...
Clearly define who is responsible for what, efficiently covering all key areas of the plan. HR pro tip Use a RACI matrix to clarify roles and responsibilities. It will help you make sure that every aspect of the talent management strategy is managed by the right people, with appropriate ...
Nevertheless, the past few years have made one thing abundantly clear: uncertainty and change are the new constants. So, how can businesses define the right course of action amid all the uncertainties they face? Three key success factors stand out: 1. Building resilience Resilience starts...