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CEOs, Boards and HR Leaders Now Have an Easy Way to Measure Succession Planning Effectiveness

June 12, 2013

Self-assessment tool from Halogen Software and succession expert
Rothwell & Associates helps organizations benchmark their succession
program to overcome common challenges

OTTAWA, June 12, 2013 /PRNewswire/ – More than 70 percent of succession
programs fail according to research from leading expert and renowned
author on the subject, Dr. William J. Rothwell. With this high failure
rate in mind, leading talent management vendor Halogen Software has teamed with Rothwell & Associates to create a unique succession program assessment tool. The assessment allows organizations of all sizes to measure their
own program effectiveness against established best practice, and help
ensure a roadmap to success.

“After working with hundreds of organizations on their talent and
succession planning programs we know the benefits of a successful
program are broad — from reduced time to fill critical positions and
reduced turnover costs, to cost improvements in developing high
potentials and enhanced competitive advantage,” said Dr. Rothwell,
President of Rothwell & Associates. “However many organizations are
still not setting proper goals, accountability or success criteria for
their programs. So we were eager to team with Halogen Software because
their talent management solutions incorporate what we consider to be
best practice for succession planning, and we wanted to create
something meaningful for companies worldwide to leverage.”

While succession planning is seen as critical to the success of a
strategic talent management program, research shows few organizations
are doing it well. A 2011 survey from the Society of Human Resource
Management (SHRM) found that only 23% of organizations had implemented
a succession program, with only one third of these organizations
evaluating their programs yearly.(1)

“Just a quick glance at the latest C-level or Board-level research shows
that corporate leaders are still very concerned about developing and
retaining top talent, and building a pipeline of future leaders,” said
Paul Loucks, CEO of Halogen Software. “Delivering this succession
assessment as a resource for any C-level executive, board member or HR
leader to use, is a milestone on our journey to help organizations
worldwide build an engaged and competitive workforce. We’re proud to be
partnering with such prominent experts as Rothwell & Associates to give
these organizations a framework to get started with strategic
succession planning, and a process to measure, review and evaluate
success.”

Based on years of research and real world analysis, the succession
assessment surveys organizations on 20 key criteria which are tied to
the following succession planning effectiveness dimensions:

        --  Identification: How well the organization has identified its
            needs, linked needs to goals, linked goals to strategic vision.
        --  Assessment: How well the organization has used the
            identification pieces to assess their needs, assess
            individual/department promotion potential.
        --  Development: How well the organization has worked with
            individuals to shrink development gaps, and moved forward in
            helping each area develop talent pools.
        --  Management: How well the organization has actively kept senior
            management, department level management, and individuals
            apprised of progress, encouraged active participation in
            succession planning programming, and evaluated the program and
            then responded to needed changes.

View a sample detailed insights chart from the succession assessment
report:

http://www.halogensoftware.com/_images/succession_self_assessment_tool_halogen_software.jpg

Interested participants can take the complimentary succession
self-assessment at: http://www.halogensoftware.com/resources/succession-assessment/ and get access to a custom report and deeper insights on their
responses.

The succession assessment will also be showcased at the SHRM Annual
Conference and Exposition in Chicago June 16-18, 2013 at Halogen’s
booth #941.

About Halogen Software

Halogen Software offers an organically built cloud-based talent management suite that
reinforces and drives higher employee performance across all talent
programs – whether that is recruiting, performance management, learning
and development, succession planning or compensation. With over 1,750
customers worldwide, Halogen has been recognized as a market leader by
major business analysts and has garnered the highest customer
satisfaction ratings in the industry. Halogen Software’s powerful, yet
simple-to-use solutions, which also include industry-vertical editions,
are used by organizations that want to build a world-class workforce
that is aligned, inspired and focused on delivering exceptional
results. For more information, visit http://www.halogensoftware.com. Subscribe to Halogen Software’s Exploring Talent Management blog:http://www.halogensoftware.com/blog/ or follow Halogen Software on Twitter: https://twitter.com/HalogenSoftware .

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(1) SHRM Poll, Succession Planning, June 2011

SOURCE HALOGEN SOFTWARE


Source: PR Newswire