Build your bench strength! A guide to succession planning for growing companies.
Succession planning – the process of identifying, selecting, and grooming talent for leadership – is critical to achieving your companys long-term goals. Its really a nobrainer: finding and developing leaders ensures youre always prepared for expected and unexpected talent vacancies with a diverse talent pool of ready successors. Plus, smart succession planning gives you a competitive advantage, as it takes you beyond simple replacement planning – a gamble of talent and resources – to creating individuals who are qualified to lead your company in the future. So how can organizations create training opportunities that prepare candidates for new roles and provide companies with viable succession planning options? Consider these five key steps.
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The ABC's (Literally) of Goal Setting
Why business growth comes down to driving objectives and key results. Every business experiences growing pains at some point in its life cycle. This is especially true for small- to medium-sized businesses (SMBs) as they begin to achieve their primary objectives and key results. Weve seen this story play out many times before: one day youre operating a quintessential “mom and pop,” and the next youre struggling to keep up with demand.
Check-ins: a new philosophy for performance reviews eBook
The underlying philosophy surrounding feedback and performance reviews is changing. Check-ins and continuous learning and feedback are producing employees who are more satisfied and engaged within their company.
Cornerstone Performance for SMB
Move beyond painful performance management processes and rethink the way you inspire manage and develop your people. Whether you’re a team manager, a rising star, or a business executive, Cornerstone Performance motivates all employees and inspires great work. With Cornerstone Performance, organizations finally have an engaging performance management system that enables collaborative goal setting, continuous, meaningful feedback, and analytics to make smart business decisions.