It is the famous writer, philosopher, scientist, politician, patriot, Founding Father, inventor, and publisher Benjamin Franklin who is credited with the saying: “If you fail to plan, you are planning to fail!”
These very simple, but meaningful words are so relevant in many areas of our daily lives today. This also holds true in the operations or management of a business or an organisation.
Taking the time to establish a plan, can exponentially increases the chance of the business being successful. Ensuring that Succession Planning is part of the mix, will further strengthen and ensure not just the success but also the long term sustainability of the organization.
Many organizations are yet to introduce the concept of succession planning in their establishments, while some plan informally and have a general idea of succession for key roles within their organizations.
In this type of process, a person is identified as the most suitable person within a department, with him or her likely to succeed when a reporting manager or superior is promoted or resigns.
In another scenario, management teams put forward the names of employees they believe are most suitable, and seem to have great potential within the organization. This process makes senior management aware of the resources available for promotion or reassignment when they look for someone to fill a key position.
Succession Planning, helps identify and develop existing talent, capable of taking the place of an employee who leaves, retires or even dies. It increases the availability of experienced and capable employees, prepared to take on a role when it becomes available.
The 9-Box Matrix is a very common and useful tool used in succession planning, and as a method of evaluating an organization's current talent and identifying those with potential within the organization.
The vertical columns of the 9-Boxes highlight the growth potential, while the horizontal rows highlight if the employee is currently below, meeting or exceeding performance requirements. The intersection of the two determine the employee's current position and where development may be needed.
The Succession & Development Module in the OrangeHRM system, has the 9-Box Matrix built into it, making it a very effective tool for Succession Planning Management. This module enables you to ensure that key positions within your organization are identified and filled quickly and adequately if and when they fall vacant.
This module also enables you to identify possible career goals and draw up career development plans for employees. It serves two main purposes: One is to advance employees’ career development within the organization and the other is to ensure that organizational staffing requirements are managed and met.
The pioneer in the Open Source HR Software sphere OrangeHRM, with its world renowned HR Management Software has helped Businesses & HR Personnel in over 100 countries across the globe, provide a comprehensive and user-friendly HR Management Systems to their employees: their most valuable assets.