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.
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:
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.
Allows for the easy adoption of contingency plans.
Facilitates leadership meetings and allows anytime access to critical information that informs authorized individuals of succession decisions in critical times.
Identifies future leaders and keeps high potential performers engaged.
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.