Effective succession planning is critical to strategic leadership development and to your ability to preserve valuable organizational knowledge—particularly as baby boomers begin to retire. You need an advanced career and succession planning system to help you prepare for the loss of incumbents and other changes that impact business continuity.
What is succession planning? Succession planning is a process that determines critical roles within an organization, identifies and assesses possible successors, and provides them with the appropriate skills and experience for present and future opportunities.
A sound succession planning system can provide the information you need to answer the question, “Who’s ready to fill that position today?” That’s because succession planning is about preparing employees to assume new leadership roles. Should someone vacate a vital position with the company, another employee is skilled and ready to step up to that role without delay. Succession planning can also help develop a diverse workforce, by enabling senior management to look at the future goals of the organization as a whole.
The SumTotal Career & Succession Planning module helps you identify top performers and high-potential employees. This module gives you the innovative tools you need to retain employee knowledge and grow leaders.
Career & Succession Planning module - Key Features
Career & Succession Planning - Key Benefits
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