Successor
A powerful tool for talent management
Overview
This module provides the capability to identify, develop, retain and deploy key future leaders
for key positions in the organization. It can build comprehensive,
flexible succession plans for key positions to ensure the ongoing
leadership capability of the organization.
benefits
- Optimizes the chances for organizational success by facilitating a succession strategy for key leadership positions
- Augments an organization’s breadth and depth of leadership talent by accelerating the identification and development of future leaders
- Raises productivity and reduces recruitment costs by improving the retention of key employees through increased development and advancement opportunities
- Enhances the overall level of leadership readiness by accelerating the identification and closing of leadership competency gaps
- Provides better future leaders through a structured approach to development
- Eliminates advancement based on favoritism and base it on accomplishment and ability
- Defines key positions and provide the capacity to evolve the process
- Determines the availability of and maintains “short list” of suitable replacements
- Evaluates leadership strategy
- Evolves a retention strategy
- Assesses the competencies of existing management personnel with respect to talent and ability
features
- Simplifies the maintenance of a key position inventory within the organization, and the skills and competencies associated with each one
- Facilitates the assessment of potential leadership candidates against the required competencies, and provides the tools and other resources required to address the gaps
- Maintains “replacement tables” for key positions and multiple candidates in varying degrees of “readiness”
- Helps identify key positions with an inadequate inventory of replacement candidates so that the development of internal candidates may be fast tracked
