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The Ministry of Law and Justice, which has been entrusted with the improvement of ODR portal, asked Construction Industry Arbitration Council (CIAC) to partner with it in creating ODR portal. The Construction Industry Arbitration Council (CIAC) was set up under Memorandum of Understanding (MoU) between the Construction Industry Development Council (CIDC) and Singapore International Arbitration Centre (SIAC). The CIAC constituted a team to come up with suggestions and development pertaining to the ODR portal.
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Succession Planning: How to Meet Future Talent Needs Business Articles | June 21, 2010
Succession planning is a talent and organizational improvement initiative that enables your business or organization to grow and thrive now and in the future. Reasons Why You Need to Immediately Implement a Succession Planning Strategy...
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Many leaders believe succession planning is just a replacement strategy. They think of it as another exercise, a means to an end or a human resources task. They couldn't be more wrong!
Succession planning is a talent and organizational improvement initiative that enables your business or organization to grow and thrive now and in the future.
Why?
Because businesses and organizations can neither succeed nor grow without management talent. It's really that simple. If you want to build your business and organization, you need to start developing, nurturing and grooming your talent pipeline starting right now.
3 More Reasons Why You Need to Immediately Implement a Succession Planning Strategy
Reason One:? Replacement for Key Employees
Replacing a CEO and key executives is clearly one of the reasons to do a succession plan. However, if you want to grow your business or organization than you need to have replacements identified (and in the process of being prepared) for all key positions within the organization. Remember Wholesale Ereck Flowers Jersey , executives set strategy, managers implement strategy. You need strength in both areas to succeed.
Executives and managers will leave. It's a fact of life. They may leave to take another job. They may be fired. They may retire. They may become ill or leave because of a spouse's relocation. If you think you can just pick up the phone or post an ad on sites like and Career and get top talent, then you're living in a dream world.
The truth is: Good talent is hard to find - in both good and bad economies. It's nearly impossible to find the right combination of skills, behaviors, motivation, organizational fit Wholesale Sterling Shepard Jersey , and passion when a fast hire is needed (yesterday).
However, if you have a succession plan in place, you'll have time to manage a smooth transition when an executive or manager's vacancy is anticipated. Maintaining continuity is important and it results in less cost and less service disruption.
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