Ceo Succession Planning Graphic Thumbnail

When it comes to running a successful company, there’s no question that profit and growth are only sustainable if a clear succession plan is in place. What good is your business if all the institutional knowledge needed to handle the in’s and out’s of the company is tucked away in your CEO’s head?

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Knowledge Retention

Is your workforce getting older? If you are like most manufacturers, your workforce is aging. In many situations, you may have critical positions and skill sets at risk of competitive poaching, retirement, illness or worse. The problem is common, yet most companies are not dealing with the issue proactively. Instead, they wait until a key employee’s departure is inevitable or has already occurred.

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Forest Path

In its most basic form, a career path is a plan for an employee to move through various positions to obtain an ideal career. The plan could move them vertically into a senior position, or horizontally into a different type of job role. Most successful companies develop career paths for their employees in order to provide a realistic picture of their position in the coming years.

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Ag Part Two

In our last post, we recounted a discussion with Educational Data Systems, Inc., and their observations of a company they were providing consulting services too. We received great feedback from the story, so we decided to expand on the issues of attracting and retaining talent. EDSI has refined the key issues every employer must address to move the needle in the areas of talent attraction, development and retention.

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Sculpting

Career sculpting, also referred to as job sculpting, is an excellent way to engage your employees and retain your top talent. It is built on the simple premise that people excel at what they’re most interested in. Are your employees encouraged to spend time working on things they’re interested in?

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Block Hands Original

I recently had a conversation with a colleague at Education Data Systems, Inc. (EDSI) about talent management. Now, this topic is quite timely because almost all respondents to my 2018 Confidence and Clarity Survey stated that retention of talent and finding well-qualified workers will be one of their greatest challenges in 2018.

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Time To Learn Clock

Corporate universities help bring structure to internal training efforts. They also assist in the effort of aligning the training arm of companies with the organizations’ strategy and vision. There are many different types of training which can be used as part of a corporate university.

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Succession Planning

Baby Boomers are retiring at a staggering pace of over 4 million per year. Consequently, this has created a dramatic increase in privately held company transfers to the next generation. Needless to say, this can be a huge undertaking. Many business owners are caught in a challenging situation where they feel stressed and unprepared.

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Employer Branding Photo

Over the last five years, the term ‘employer brand’ has exploded in use. Your employer brand is basically what your employees (consistently) answer back when you ask them what it’s like to work for your company. Is it good, bad, horrible, confusing?

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