Today, in this blog, I wanted to point out a rather overlooked aspect, of many organizations, which is “Succession Management.” It has been proven that companies that extend succession planning and employee career development processes deeper into the organization are more profitable – increasing sales by as much as 14% *. However most organizations fail to identify the leaders of future within the ecosystem. As a result, all that capital and HR best practices invested in grooming, training and rewarding key talent fails to deliver during periods of natural transition or moments of unexpected position replacements.
To deal with such challenges, SuccessFactors helps organizations identify and develop the talent needed to improve organizational strength and achieve today’s business goals, while providing visibility and planning capabilities to support future growth. With SuccessFactors Succession & Development, organizations can create strategic succession processes that reach deep into the organization, align with business needs, and drive better business outcomes.
The deployment of the SuccessFactors Succession and Development also now has been made simpler and easier by leveraging the ” SAP SuccessFactors Succession & Development rapid deployment solution“. Released on 10th August, 2015, this fast deployment service allows customers to quickly adopt the SuccessFactors Succession and Development solution in the cloud in a faster and predictable manner. Customers can now show increase quality and speed of the succession planning and career development processes and also show impact on business results. As a result organizations can build bench strength, reduce risk and increase employee engagement quickly and easily.
Business Scope of this package:
- Succession Planning
Allows an organization to identify candidates for key roles and rapidly fill positions ultimately making more accurate staffing decisions
- Career Development Planning
Involves an ongoing dialogue between the employee and manager which drives accelerated development, increased employee engagement and retention. It includes establishing clear performance expectations to support business objectives and providing regular feedback and coaching
- Employee Profile:
Enables maintenance of employee data such as skills, interests, experience and expertise in SuccessFactors
Technical scope of this package:
- Comprehensive succession planning and career development planning, best practice configuration for SuccessFactors delivered via preconfigured templates in a preconfigured cloud instance of Succession Planning and Career Development Planning solution.
- Multiple templates (best practices) per business process, each representing different levels of functionality, to support different “maturities” of customer’s HCM processes , which require also different best practices
Specialized 6 week approach to implementation , available from SAP, that accelerates the process of HCM value execution
To learn more about the package, please visit : http://service.sap.com/rds-sfsf-sd