HR and Payroll Software Blog

Planning for your Company's Future with Succession Management

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With an uncertain economy, having a workforce management initiative is a valuable asset all companies should be looking for in their HR software. Having a well-trained workforce, with identified successors and individual career paths, is a critical component in any company's future growth, its ability to compete and its impact on employee retention and morale. Succession Management ensures organizations have trained and capable employees who can move into new roles as your business changes.

Succession Management helps managers plan for the future, by identifying, preparing and developing future leaders and managers. It also helps define backup candidates for key positions within the organization. With recent polls showing as much as 95% of current workers considering looking for a new position in the future as the economy recovers, having a plan is more important than ever.

Managers can define a career path for each employee, which includes short term and long-term next positions, estimated ready dates and skill requirements needed.

NuView's Succession Management module also provides organizational charts by position or people, with numerous display options, such as photo, number of levels, status and chart orientation. The organizational chart also allows managers to perform “what if” analysis, visually, for planning and budgeting purposes.

Highlights of NuView's Succession Management Module Include:

For more information on the NuViewHR Succession Management module, click here.

View the datasheet here.