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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Charles Coy, senior director of analyst and community relations at Cornerstone OnDemand, provides three succession planning tips avoid the game of HR Jenga. There’s more to succession planning than identifying the next wave of senior managers or VPs. While it’s important to groom future leaders for your company, a singular focus on finding “leadership” often comes at […]
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