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New Succession Planning Tool Now Available
Submitted by Leslie Allan on March 10th, 2008
A Towers Perrin study recently reported that 75% of Human Resources managers think talent management is a crucial issue for organizations moving forward. It’s in this context that we are proud to announce our product entry into the succession planning marketplace. Succession Planner is available for purchase and download from today.
Our new tool is designed to ease the pain of succession planning with some well thought out features. For example, the tool displays the succession status of incumbents in an informative Organization Chart that is automatically updated with changes. Another useful feature is the “CP Matrix” that plots the distribution of staff using the key variables of contribution and potential. Users can easily produce reports to inform key leaders about any individual and any position in the database. In addition, a simple scorecard displays some key succession metrics for the organization.
My colleague, Andy Beaulieu, designed the tool. Andy is well qualified in talent management as he has spent nearly 20 years in the human resources and organization effectiveness field. His initial exposure to succession planning occurred while working for a regional insurer a decade ago.
Andy has included a Process Guide with the tool. The Process Guide lays out a simple business process for collecting, reviewing and validating nominations in a way that creates alignment across the organization. Andy believes that for succession planning to thrive, the process has to be strong, with HR and top leadership playing key roles.
We are supplying Succession Planner as a Microsoft Excel template that can be used on any Microsoft Windows-based PC with Excel 2002 or later installed. You can find out more and download the free trial version from the Succession Planner web page.