The loss of a key contributor or leader can have damaging effects on an organization. Whether succession is due to retirement, unexpected loss, or leadership changes, it is critical to have a plan in place to ensure a smooth transition and avoid costly expenses needed to find a replacement for the role. BullseyeEngagement provides cloud-based Human Capital Management (HCM) software tools and innovative solutions that not only help you execute smooth transitions of leadership roles, but also help you streamline your operational process through the use of a wide variety of online tools.

Why is Succession Planning Important?

Without a plan to fill critical vacant roles as they arise, your company faces massive risk to its stability.

There are a number of scenarios which illustrate the need for a well thought-out succession planning system:

• Promotion within the organization of a key employee to management or other position.
• Unexpected loss due to attrition.

• Retirement of an individual within an organization.
• Loss of a key employee due to layoff or dismissal