how to create a succession plan

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 […]

 

Read More

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 […]

 

Read More