Succession and Development
Identify, develop, and retain your talent
56% of organisations don’t have a succession plan in place. Only 21% percent have a formal plan, and 24% percent have an informal plan.
The Great Resignation has resulted in the highest ‘quit’ rate since 2012, with on average 9.5% of the workforce changing jobs in the 12 months leading up to February 2022.
Without a clear plan as to how organisations can mitigate the risk of losing key people, companies will potentially lose experience drastic loss in revenue as gaps in their capability are exposed due to employees leaving.
The Lagom.HR Succession & Development module can help you develop the talent you need to achieve business goals, while providing visibility and planning capabilities to support future growth and mitigate unforeseen employee turnover. Cultivate your next generation of talent and engage and retain current employees to support your strategy and success.
Key functions include:
Employee potential assessment: Objectively assess employee potential, so you can identify, develop, and retain the talent you need now and in the future
Strategic succession management: To drive better business outcomes and remove risks of capability gaps over time
Career development planning: Engage and motivate employees to grow
Workforce insights: Uncover workforce insights and provide talent visibility for HR, managers, and executives
What do you get?
Standard succession nomination process (position-based)
Mentoring programs
Succession impact analysis
Employee score card (1) and performance vs potential matrix (1)
Presentations
Up to five talent flags
Development plan template (1) and career worksheet (1)
Learning activity template (1)
Calibration
Get in touch for a free demo or a no-obligation chat today