Succession planning is an essential aspect of human resource management. It involves identifying and developing employees who can fill key positions within the organization when the current employees holding those positions leave due to retirement, resignation, or promotion. Succession planning helps organizations to ensure that they have the right people in place to take over critical roles and responsibilities when the need arises.
Scissortail HCM is a powerful human capital management software that offers a robust succession planning feature. With Scissortail HCM, HR managers can identify high-performing employees and develop them for future roles, ensuring that the organization has a strong bench of talent ready to step up when needed.
Scissortail HCM's succession planning feature uses a combination of succession profiles, succession plans, and reporting to help organizations manage their employees as they progress towards new roles within the company.
Succession profiles are made up of metrics such as performance, readiness, potential, risk of loss, and impact of loss. HR managers can assign a succession profile to appropriate employees and then add the succession plan, which provides ratings that determine where they will land in a nine-box chart.
The nine-box chart is a visual representation of employees' readiness and potential for future roles. It helps HR managers to identify employees who are ready to move into new roles and those who need further development.
One of the key benefits of using Scissortail HCM for succession planning is the ability to manage employees' performance and development in one place. HR managers can use the software to create succession plans, monitor employee progress, and adjust plans as needed.
Scissortail HCM's succession planning feature also allows HR managers to create multiple charts and widgets to analyze different scenarios based on readiness, performance, potential, risk of loss, and impact of loss. This helps to identify areas where the organization needs to focus its efforts to retain and develop top talent.
Succession planning is critical to the long-term success of any organization. With Scissortail HCM's robust succession planning feature, HR managers can identify and develop employees for future roles, ensuring that the organization has a strong bench of talent ready to step up when needed. Scissortail HCM's succession planning feature allows HR managers to manage employees' performance and development in one place, create multiple charts and widgets to analyze different scenarios, and adjust plans as needed. With Scissortail HCM, organizations can ensure that they have the right people in place to take over critical roles and responsibilities, ensuring continued success and growth.
