Succession Planning
Gain visibility into best-fit candidates for critical roles
Succession Planning Software
TalentGuard’s Succession Management software is a cloud solution that enables leaders to:
- Align the organization based on current and future business needs.
- Understand retention risks and enable proactive intervention.
- Create a talent pipeline to fill future positions.
- Recommend developmental opportunities to accelerate the growth of individuals and talent pools.
Succession planning software enables HR teams to determine key roles, identify high-potential employees who can fill those roles, create dedicated talent pools and accelerate the development of skills required to be successful.
TalentGuard’s Approach
TalentGuard Succession Planning software helps companies identify people with the right skills, knowledge, experience and qualifications to grow the company. It also increases the ease of finding, recognizing and promoting top performers. We work side-by-side with you to create detailed job role profiles critical to your growth that include performance history, competencies, skills, responsibilities and qualifications. TalentGuard offers many ways to assess your talent needs including the organization chart, nine-box talent grid and our talent matching tool. These tools allow you to quickly identify gaps in your current workforce versus talent needs in the future.
Succession Planning Defined
PWC defines succession planning as “the process of defining future leadership and critical competencies, managing associated gaps, and identifying and developing internal talent who have the potential to fill pivotal positions within the organization.” Organizations can standardize processes for succession management and candidate selection.
Request A Demo
We invite you to request a Succession Planning demo and see for yourself how TalentGuard can help.
Succession Planning Key Features
Talent Pools
Robust planning tool that manages “at risk” posts, team vacancies, roles, or development groups.
Succession by TalentGuard provides a robust planning tool to manage high potential talent:
- Create talent pools for “at risk” posts, team vacancies, roles, or development groups
- Display nominated and/or approved high potential pool (i.e. employee information, designated nominators, designated approvers, approvals, information, designated nominators, designated approvers, approvals, rejections, role readiness, rejection comments)
- Calculate and Performance display performance rating is automatically averaged from various sections of the performance review and displayed (current and past)
- Calculate and display performance ranking – Pool of high potential employees will be automatically ranked according to order of fit with critical role (i.e. 9-box grid, numeric ranking, high ranking performer, high potential)
- Display comparison of multiple high potential employees according to fit to critical role (i.e. # of employees to compare, comparable data, fit gap analysis, ranking analysis, bench strength)
- Create and display high potential employee role readiness (i.e. now, 0-3 months, 3-6 months, 6-9 months, 9-12 months, 12+
- Create and display high potential employee retention/loss/flight risk (i.e. high, medium, low, comments)
- Create and display high potential employee role willingness (i.e. yes, no, comments)
Create and display high potential employee willingness to (i.e. yes, no, maybe, comments) - Manager can create and display high potential employee willingness to travel (i.e. none, 25-50%, 50-75%, 75-100%)
- Manager can create and display high potential employee interest in (i.e. no, maybe)
- Manager can create and display high potential interim replacement for
- Automatically calculate and display high potential employees’ fit gap
- Assign people to talent pools
- Identify percentage match against role profile for each member of the talent pool
- Assign timeframe and order for each member of the talent pool
- Record an audit of changes to the talent pool
- Alert management on insufficient development goals
- Provide a gap analysis for the talent pool
Talent Planning
Managers and employees can provide detailed talent planning data to help with current and future workforce needs. TalentGuard will track critical job roles, succession pools, and skill gaps. With this data, your organization can make informed decisions about workforce trends today and in the future.
Skill Gap Reporting
Employees are able to identify their own skills gaps and use those as development goals for a career planning review. The powerful search function identifies roles that develop specific skills and, if needed, can link to job boards to identify matching vacancies.
Talent Profiles
All employees are provided with an “About Me” profile that they can customize based on the Career Framework:
- Updates skills, experiences, qualifications and preferences
- Create favorite roles
- Create unlimited career paths
- Search for desirable roles based on criteria
- Identify skill gaps per role
- Generate a development plan based on paths
Organization Chart
Succession-centric organizational charts are automatically generated to give line-of-sight into your entire company. The chart makes it easy to see your entire hierarchy in a single view, succession strengths, areas of exposure, and more.
- Preview reporting structure
- Expand or collapse the organizational chart
- See succession risk, tenure risk and current successors
- Easy to view span of control, job title and department
- Hyperlink to any employee profile in one click
Customization
Customize the talent grid, succession descriptions, potential profiles, colors and more.
- Create a custom grid with 6, 9 or 12 quadrants
- Show succession planning in the org. chart
- Create the succession criteria for your organization
- Create and customize all e-mails sent by the system
- Create Page, Review Introduction text
Role Profiles
Import or create custom role profiles based on your organization’s competencies and behaviors.
- Updates skills, experiences, qualifications and preferences
- Create favorite roles
- Create unlimited career paths
- Search for desirable roles based on criteria
- Identify skill gaps per role
- Generate a development plan based on paths
Talent Finder
Enables your company to find employees with unique and relevant skills.
Find employees with unique and relevant skills across your organization:
- Search using multiple criteria such as skills, competencies, performance ratings, and keywords
- Conduct a free text search into “‘Education” from person profile
- Search by role – for “aspirational”, current, manager-suggested future
- Search Talent Planning data set
Succession Planning Benefits
Build Bench Strength
Identify and cultivate a pipeline of available talent to fill key positions based on criteria such as competencies, experiences, knowledge, and employee aspirations.
Hold Leaders Accountable for Development
Provide management with insight to help them understand the competencies and skills currently available within the company and what skills must be developed to compete and deliver customer value in the future.
Develop Employee Capability
Create customized development plans based on succession gaps to help employees develop new skills, experiences and knowledge.
Mitigate Company Risk
Mitigate potential risk for the organization due to unexpected turnover or extended employee absence due to personal issues.
“We are very excited to incorporate this succession planning software as a tool to enhance our leadership planning efforts. The increased visibility of strengths and vulnerabilities across the organization with regard to our bench is a huge win. The icing on the cake has been the stellar level of service that we continually receive from the customer success team at TalentGuard.”
-Amy Williams – Organizational Development Manager, Heartland Dental
Request a Live Product Demo
Have more questions? Want a real person to walk you through a live demo of TalentGuard’s Succession Planning software? We’re happy to help out!