Succession Planning

Request Demo

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

Examples of the issues that can be anticipated and addressed
with the Succession Planning Tool:

  1. What tasks was this person responsible for?
  2. Who is going to pick up this person's projects/tasks?
  3. Is the person going to be available to train the new employee?
  1. What time frame are we looking at for the transition?
  2. How long do we need to cross train someone into that position?
  3. What plans are in place in the event of loss?
  1. What timelines are in place for transition?
  2. What paperwork must be filed and when?
  3. Has the hiring process been started already?

Benefits of Bullseye's Succession Planning Tools

Succession planning is an integral part of setting up an organization for long-term success. The Succession Planning Tool from Bullseye is the next generation of modern succession planning software and it provides multiple advantages. By digitizing the process, relevant succession planning information is centralized, not spread across various spreadsheets, PowerPoints and email chains, and the information is always accessible to leadership team members. The Succession Planning Tool also provides reminders and tasks for leaders and HR partners to complete before any succession planning meetings to make the meetings more substantive and efficient.

bullets Allows for the easy adoption of contingency plans.

bullets Facilitates leadership meetings and allows anytime access to critical information that informs authorized individuals of succession decisions in critical times.

bullets Identifies future leaders and keeps high potential performers engaged.

bullets Allows for the growth and development of all individuals throughout the succession plan to better enable them to perform at any and all future potential positions.

Our Solutions

icon
Performance Reviews & 360's
icon
Business Intelligence Dashboards
icon
Competency Management
Workforce Planning
Workforce Planning
icon
Check-Ins
icon
Recognition & Rewards
icon
Risk Assessment
Ethics Lifeline
Ethics Lifeline
icon
Compensation Planning
icon
Goals Management
icon
Succession Planning
Talent Bench Strength
Talent Benchstrength
icon
Engagement & Pulse Surveys
icon
Training Management
icon
Talent Matching
icon
Teams

Stay Up to Date

Subscribe to our newsletter to receive our monthly feed.