The importance of succession planning and using succession planning tools is on the rise due to an aging workforce and the increasing demand to upskill individuals. Succession planning is the process of identifying the critical positions within your organization and developing action plans for individuals to assume those positions.
There are at least ten thousand baby boomers turning 65 every single day in the United States, and this trend is only going to continue for the foreseeable future. Our workforce is getting older, so that’s one thing. Succession planning is the strategy for passing on leadership roles, and often the ownership of a company, to an employee or group of employees.
These shifts highlight the growing significance of succession planning and related tools for modern businesses. This post will center on twelve different companies that offer succession planning solutions. We’ll go over the key points, tell you what makes them special, list the people who are using them, and explain how much they cost (when we have it).
1. SAP
About
Regarding HCM software, SAP is unrivaled for companies with over a thousand workers. When it comes to software for leadership and succession planning, they are a major player on a worldwide scale.
What sets it apart
SAP’s succession planning program offers a plethora of useful options. We were most interested in the “good fit” role suggestions, which help employers find jobs that match their employees’ skills and hobbies. We also liked the ability to change hiring plans and find possible open positions ahead of time.
Used by
Terex, AGCO, and Kibar
The cost
You can get it by request.
2. Succession Wizard
About
Succession Wizard’s main objective is to streamline the entire succession planning procedure. It can help you plan for your organization’s future workforce needs by identifying possible succession gaps. It achieves this by providing a robust set of features in an intuitive user interface, which makes the tool easy to learn and use while facilitating efficient labor planning.
What sets it apart
One major perk of Succession Wizard is how quickly you can get up and running and start making good succession plans when you install it. Due to the application’s compatibility with regular Windows desktop PCs and its rapid installation process, consultants are not required to configure or buy extra hardware for the succession planning program.
Used by
Siemens, Barclays, and Vodafone
The cost
Prices change based on how many entries you want to make (from 50 to an endless number). Additionally, you have the option to select their Enterprise package.
3. Cornerstone OnDemand
About
Cornerstone OnDemand is a software supplier based in Santa Monica, California, that specializes in cloud-based learning, talent experience, and people management. Its succession planning tool can help you avoid the costs associated with talent vacancies by boosting your bench strength and ensuring you have the proper individuals in key roles.
What sets it apart
The succession planning promise of Cornerstone is to make upskilling the whole workforce simple. Thus, intuitive visuals are set up throughout the whole user experience. For instance, you have a clear picture of your organization-wide bench strength.
Used by
The Commonwealth Bank, Canon
The cost
You can get it on request.
4. Plum
About
The goal of Plum has always been consistent: to help businesses thrive by matching talented individuals with open positions. To ensure that every employee has an exceptional experience, their system provides scalable upskilling and workforce planning.
What sets it apart
One thing that sets Plum apart is their emphasis on how AI and Industrial/Organizational Psychology power their products. In a nutshell, their technology intelligently adapts each worker’s skills to the specific behavioral requirements of their jobs. Employees can also benefit from clear and personalized career paths that this system offers.
Used by
R.S. Hughes, Home by WestBay, and SureCall
The cost
You can get it by request.
5. UltiPro
About
When it comes to human resources, payroll, and talent management, UltiPro has you covered. To ensure your firm is well-prepared for the future, their succession planning tool allows you to develop strategies that are comprehensive, adaptable, and easy to implement at any level.
What sets it apart
Leadership Actions is a useful component of UltiPro’s succession management program. It provides managers with a library of suggested actions to assist them in coaching and engaging their workers. The premise is that you can influence the retention and success of your staff proactively.
Used by
Aetna, Subway, Texas Roadhouse
Cost
You can get it by request.
6. TalentGuard
About
Among the many features offered by TalentGuard’s talent management system are tools for managing performance, creating career paths, preparing for succession, and providing 360-degree feedback. You can use their succession planning tool to pinpoint critical positions, find talented individuals with the potential to fill them, build pools of dedicated people, and speed up the acquisition of necessary skills.
What sets it apart
One of the main features of TalentGuard’s product is the ability to build endless dedicated talent pools. In addition to providing a bird’s-eye view of your existing talent situation, this also lets you monitor their growth and advancement.
Used by
Sophos, Campbell’s, Caroline Herrera
Cost
You can get it on request.
7. PeopleFluent
About
When it comes to hiring, developing, and promoting employees, PeopleFluent is the go-to option for personnel management and learning solutions. Their program for succession planning provides you with a full suite of tools that are both functional and adaptable, allowing you to make informed decisions on the future of your firm.
What sets it apart
Businesses of all sizes can find what they need in PeopleFluent’s versatile toolkit, which allows them to plan for the future with confidence. In a big company, this might mean focusing on leadership weaknesses, while in a mid-sized business, it might mean focusing on job paths and mentoring.
Cost
You can get it by request.
8. Empxtrack
About
Throughout an organization’s human resource life cycle, Empxtrack is there to support you. Using a nine or twelve grid matrix, its succession planning technology systematically detects high-potential workers and identifies critical leadership roles in the company.
What sets it apart
You can create not just one, but multiple succession plans for individuals with the help of Empxtrack’s software. So, for any critical position, you may map out a strategy for the near, middle, and far future. You can even include more than one stakeholder if you so desire.
Used by
Staffing agencies throughout many sectors (energy, consultancy, information technology, etc.).
Cost
You can get it by request.
9. SumTotal
About
SumTotal develops and sells software for learning and talent management. Organizations can learn about skills gaps in their staff, build talent pools, and match succession planning management needs to strategic objectives with the use of their succession planning technology.
What sets it apart
SumTotal’s succession planning program’s Drag and Drop 9 Box tool makes it easy to evaluate workers based on their potential and performance.
Used by
Customers of SumTotal hail from a wide range of sectors, including retail, healthcare, financial services, and airlines.
Cost
You can get it by request.
10. Saba
About
Saba offers a succession planning tool as part of their human management software products. You can create talent pools based on competencies for all of your company’s important areas with its succession planning program.
What sets it apart
With Saba’s succession planning tool, you can help your employees grow professionally, which will keep them interested and competent. You can also provide human resources with the data they need to create long-term plans for employee advancement.
Used by
HR divisions worldwide, spanning all major sectors.
Cost
You can get it by request.
11. BirdDogHR
About
BirdDogHR provides a comprehensive personnel management system. Using tools like 9-box talent matrices, comparison ratings, and scorecards, its cloud-based succession planning program helps businesses assess employees’ preparedness and performance.
What sets it apart
Perhaps because these two generations will constitute the largest portion of the workforce in the near future, BirdDog highlights Millennials and Generation Z on its page, stating that a succession planning program can offer these employee segments sped-up development opportunities.
Used by
Businesses across numerous sectors.
Cost
You can get it by request.
12. PageUp Succession Planning
About
PageUp, like many other companies that make programs for succession planning, gives a full solution for managing talent. To lessen the likelihood of unfilled positions and prepare for the future, their succession planning tool allows you to assess your current staff’s strengths and areas for improvement.
What sets it apart
With PageUp’s succession planning program, you may use the 9-box tool to live-calibrate and conduct frequent talent reviews. This data can help guide the discussion and point you in the direction of individuals with the skills and ambition to fill open positions both now and in the future.
Used by
Lindt, Rollins, the University of Alabama
Cost
You can get it on request.
