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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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 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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