Create sound succession plans

Where are the critical roles in your organization and what will you do if you need to fill those roles today? No matter what size an organization is, the pain and expense of having to fill a gap left by a critical employee can be staggering. And unless you are able to promote from within, you are faced with the high cost of external recruiting, including hiring, training, and support costs, as well as indirect costs such as the productivity losses incurred while you are waiting to fill that position. A sound succession plan can provide the information you need to answer the question “who’s ready to fill that position today?”

• Identify and create succession plans for critical roles.  With career and succession planning tools that help identify the bench strength and fill skill gaps for these positions, you can lessen the impact of employee turnover and reduce the likelihood of losing those waiting in the wings.
• Focus employees and show where they fit. See better results. Do you have the right employee working on the right assignment at the right time?SumTotal’s line-of-sight, cascading goal functionality is one of the most empowering tools you can give your employees.  With focused, clear objectives that map to the overall organizational strategy, employees understand where their contribution lies and are energized and compelled to perform.
• Identify and develop top performers and high potentials.  By systematically reviewing all performance management data, organizations can analyze what employees they see in future leadership roles and ensure enough enticing development opportunities are created.  Far too many employees leave because the organizations are able to provide the opportunities or challenges.