Succession planning and management software assists organizations in creating succession plans to identify and retain top talent.
These solutions supply HR with tools that track employees’ career aspirations, retain internal talent, and promote from within, thereby reducing costs associated with talent acquisition.
Planning for the future can be critical, both in business and in life. A good succession planning strategy can be essential for any business. It addresses two key workforce realities: an aging workforce and a growing need to reskill and upskill employees.
What is succession planning?
Succession planning is a process used to identify promising employees and develop their leadership skills. Companies can implement strategies similar to those found when measuring customer engagement.
When this strategy is deployed, you have people ready to replace employees in key positions whenever necessary. “Gathering a strong team of experts is crucial for any business,” according to Alex Lysak, CEO of Scanteam, an iGaming affiliate marketing company focused heavily on team assessment.
However, keeping track of all the relevant information can be difficult and time-consuming. That is where understanding the importance of succession planning lends a hand; an effective plan to keep track of progress and acknowledge performance.
Luckily, the right succession software can simplify the process. Below, in no particular order, we will explore ten of the best tools for succession planning.
UKG Pro – HR and Workforce Management
UKG Pro is a human capital management suite of tools designed to grow and champion meaningful workplace experiences. The software features HR technology with deeper workforce management capabilities. UKG Pro aims to help companies organize highly complex data sets.
UKG Pro also offers training options, ranging from webinars and live online to in-person instruction and documentation. Multiple languages are available, such as Dutch, Italian, Malay, English, and more. It is SaaS, Android, iPad, and iPhone compatible.
MAUS ValueMax – Exit & Succession Planning
MAUS exit and succession planning software helps organizations create comprehensive exit and succession plans by providing a structured process to analyze a business and provide a detailed exit action plan. The software includes succession management, what-if scenarios, performance management, and goal management tools.
MAUS ValueMax Exit & Succession Planning pricing starts at $199.00 per user, per month. There is a free version and a free trial. MAUS is Windows and SaaS compatible.
Saba Cloud – Talent Management
Saba Cloud is a cloud-based learning management platform that provides a learning platform for employees. It offers different training methods, including live online, documentation, in person, and webinars. The platform incorporates continuous learning, engagement and development, succession, career development, workforce planning and compensation solutions. The scalable architecture is Android, iPad, iPhone, and SaaS compatible. Online 24/7 live support is available.
Succession Wizard – Succession Planning
Succession Wizard aims to simplify the succession planning process by identifying potential succession gaps and assisting with planning future staffing needs. This software is for companies who plan to undertake workforce planning and includes a competency scale and succession management features. Online support and training documentation are available. Pricing is $399 per month and Windows compatible.
Oracle Taleo Cloud Service – Talent Acquisition
Hiring better employees can create long-term competitive advantages that lead
to increased customer satisfaction and revenue growth. Oracle Taleo Recruiting
Cloud Service automates e-recruitment and provides talent intelligence from data captured during the hiring process. As a result, organizations can improve recruiting efficiency and cut costs, reach hard-to-find talent, build better talent pools, and
hire the right people and get them productive more quickly.
Features include, but are not limited to, recruiting management, training management, career development planning, succession planning, onboarding, and performance appraisal. This SaaS platform delivers training through webinars, live online, and documentation. Online and live support are available 24/7.
Plum – Succession Planning
Plum’s fair, data-driven approach helps leaders identify potential successors, understand how to invest in them, and provides the development support to empower them to step into their new role.
Plum AI uses I/O psychological principles to form its predictions. It enables companies to discover behavioral attributes and potential in every employee. Identify successors across the organization with one universal measure of potential. Plum features include talent acquisition, workforce planning, talent management, predictive hiring and talent assessment.
TalentQuest – Talent Management
TalentQuest talent management tools aim to help companies to hire, manage, develop, and retain talent through personalized insights and guidance influenced by behavioral science. TalentQuest leverages the unique traits, tendencies, and learning styles of individuals to help companies maximize the potential of every employee.
Online support is available during business hours alongside documentation, webinars, live online, and in-person training. It is Windows, macOS, SaaS, Android, iPhone, and iPad compatible.
Talent Successor – Succession Planning
Talent Successor is a cloud-based succession planning and management solution within Head Light’s modular Talent Cloud suite of HR products. Talent Successor is a SaaS-only offering with ‘what if’ scenarios, a competency scale, and organizational charting features. Training options include documentation, webinars, live online, and in-person.
BullseyeEngagement – Employee Development
BullseyeEngagement offers web-based performance management, talent management, compensation management and succession planning software solutions. The SaaS solution aims to optimize the employee and operational performance with an automated system that takes advantage of predictive modeling to incorporate individual development plans into a cohesive succession plan. Pricing starts at $4.00 per month per user. A free trial is available with 24/7 online support.
SutiHR – HR Software
SutiHR is a modular online HR software platform that gives companies integrated tools for end-to-end business process management. SutiHR provides employee self-service & on-boarding, personnel, applicant tracking (ATS), integrated e-signature, time tracking, performance reviews, benefits, project tracking, and IT management. Pricing starts at $4 per user per month with a $150 minimum per month.
There are many succession planning tools in the market, alternatively, many succession planning toolkits that can assist first-time users. Each brings something unique to the table. However, the needs of your organization are also unique. The trick is to not simply find the best software but to identify the software that best matches your business needs.
Alex Lysak is the CEO of ScanTeam. Alex has been working in online marketing since 2011, with main areas of expertise in marketing research, social media marketing, and SEO. During 9 years of experience, he has helped many products and startups to develop marketing strategies and implement them further.
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