Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Designing a plan for retaining top talent and developing a succession plan: To design a plan for retaining top talent and developing a succession plan

Designing a plan for retaining top talent and developing a succession plan: To design a plan for retaining top talent and developing a succession plan for a job, you can follow these steps: Identify key skills and competencies required for success in the job. Define what top talent means for this job in particular and determine what employee traits, behaviors, and performance levels would distinguish top performers from others. Develop strategies to attract and retain top talent, such as competitive compensation and benefits, opportunities for career growth and development, a positive and supportive work environment, and work-life balance. Createsuccession plan that identifies potential successors for the job and prepares them through training and development opportunities. Develop contingency plans for unexpected departures of top talent, such as cross-training or hiring temporary workers until a suitable replacement can be found ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Designing a plan for retaining top talent and developing a succession plan involves several key steps to ensure the organizations longterm success and ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Information for Decision-Making and Strategy Execution

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

6th Edition

137024975, 978-0137024971

More Books

Students also viewed these Human Resource Management questions

Question

What is incentive compensation?

Answered: 1 week ago

Question

8. Research questions guide qualitative research projects.

Answered: 1 week ago

Question

6. Explain the role of a research question in qualitative research.

Answered: 1 week ago