Succession Planning
Effective Succession Planning requires succession planning tools that help you fulfill near-term and long-term talent needs, by identifying and developing existing talent and knowing when to acquire outside talent. . Succession Planning is also an integral part of strategic business measurement. When your organization can easily identify top performers and high potential employees, and better plan for future positions, it helps you plan ahead for short- and long-term workforce changes. Using effective succession planning tools also assists in:
- Reducing hiring costs by identifying and developing existing and future talent within your company
- Increasing employee engagement and retention by allowing employees to create defined career paths
- Reducing administration costs associated with identifying successors and creating detailed succession plans
Competency Requirements
Our Succession Planning tools help you develop competency and profile requirements for each job to identify the characteristics of qualified successors and provide development opportunities for current employees based upon identified gaps and career aspirations.
Career Management
Managers and employees can participate in the succession planning process by identifying and developing the next stages of their career. This includes creating clear career paths and setting up goals and development plans geared toward upward career movement.
Gap Analysis
Qualified candidates, successors or employees selected for a subsequent position in the succession planning process can see where they stand in comparison to actual position requirements and begin creating development plans based on the identified gaps.
High Potential Identification
Your organization can use both performance and potential ratings to identify top performers and talent gaps. Our Succession Planning tools automatically plot employees based on their performance and potential rating in a 9-box map that is accessible to managers and HR administrators. This helps identify future leaders and create a specific development and success plan for those employees.
Position-Based Succession Pools
To make your succession planning process more effective, our Succession Planning tools identify priority jobs and future openings to create a pool of successors. Creating succession plans is easy and straightforward, allowing users to access all nominations from managers and employees with a single click.
Organizational Charting
Our Succession Planning tools help you easily generate existing organizational charts that provide each employee’s name, position, performance rating and other information. Using drag and drop capabilities, modeled organizational charts can be created for key positions—serving as a powerful tool for strategic business succession planning for your workforce.