Succession planning software assists organizations in creating succession plans to identify and retain top talent. These solutions supply HR personnel with tools that track employees’ career aspirations, retain internal talent, and promote from within, thereby reducing costs associated with talent acquisition. (Succession planning and management solutions should not be confused with career management software, which helps employees develop their skills and identify career goals.)
All industries, company sizes, and departments can benefit from implementing these talent management solutions. Succession planning software is often provided as part of a human capital management solution or might integrate with
performance management software.
To qualify for inclusion in the Succession Planning category, a product must:
Find, track, and compare employees for specific roles and promotions
Evaluate employees’ performance and leadership potential
Collect business intelligence to help organizations make informed succession planning decisions
Help employees create career development plans, identify skills gaps, and prepare them for leadership roles