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Succession management software is HR software designed to help an organisation plan for the transition of leadership positions. It provides tools to identify high-potential employees, create development plans for those employees, and track their progress over time.
This helps organisations better prepare for leadership transitions, reduce the risk of losing key talent, and improve the impact of their leadership development programs.
Succession management is the process of identifying and developing employees who have the potential to fill key leadership positions within an organisation in the future.
Succession management is important because it helps organisations ensure they have a pipeline of talented and qualified individuals who can step into leadership roles when needed. A critical planning element for long-term success and viability.