Career and Succession Management
Knowing that a “star” performer produces 3 times as much as an average performer and that a “superstar” produces 12 times as much as an average performer makes it essential for every business to be able to leverage superior talent to their competitive advantage. To accomplish this, organizations must be able to easily identify superior talent and create a clear career development path for these individuals through ongoing succession planning.
Anticipate Talent Gaps
In addition, organizations are not made up of solely stars and superstars. Therefore, to maximize the potential of all talent within the organization, it is essential to ensure that the right people are demonstrating the right behaviors in the right positions. This requires careful planning and an effective succession management application to enable each person to fulfill their potential.
An effective Succession Management Planning (SMP) solution should make it easy to create succession plans that develop talent for future roles and map development paths well in advance of talent gaps.
Identify Top Internal Candidates
An effective succession management solution should also provide the tools to identify top candidates through internal recruiting thereby:
- Reducing recruiting costs
- Building bench strength
Create Development Plans
SMP should also measure retention risk and enable the design of development plans to challenge and promote talent across the organization.
Learn more about our Succession Management Solutions.