how to create a succession plan

Succession Planning in the Food and Beverage Industry: Ensuring Smooth Leadership Transitions

May 13, 2024 in HR Best Practices

 

It’s important for your company to prepare for transitions in leadership in order to ensure ongoing business success.  This week Kinsa provides five action items for your succession plan. 1. Develop a Robust Talent Pipeline One key strategy in successful succession planning within the food and beverage industry is the deliberate cultivation of a robust […]

 

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Understanding Executive Compensation in the Food Industry: Best Practices and Trends

April 15, 2024 in Food & Beverage Industry Information, HR Best Practices

 

Competitive Base Salaries A cornerstone of executive compensation in the food industry is the competitive base salary, which serves as the foundation for overall pay packages. Offering a competitive base salary is essential for attracting top talent and retaining key executives in a competitive market. Food companies must conduct thorough market research to ensure their […]

 

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What You Should Know About Succession Planning

May 9, 2022 in HR Best Practices

 

What is Succession Planning? Succession planning is a business strategy for passing leadership roles on to one or more other employees. This business strategy will ensure that a business is preparing to promote and advance its employees—and not just those who are already at the management or executive levels. Here are questions to ask yourself […]

 

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