Top 12 Succession Planning Tools to Use in 2024 | iMocha

Succession planning tools empower organizations to build a sustainable talent pipeline, reduce recruitment costs, and improve employee engagement, which can lead to better organizational performance and long-term success.

In this blog, we will look at the 12 best succession planning software recruiters can use to develop a robust talent pipeline.

12 Talent Assessment Tools for Succession Planning

1. iMocha

iMocha is a talent management platform that offers a range of pre-employment and skill assessment tests to help recruiters evaluate the employees' skills and identify top performers.

Top Features:

• Helps Evaluate Employees' Skills: iMocha offers a wide range of assessments that can be used to evaluate the skills of candidates or employees. These pre-employment assessments cover different areas like coding skills, aptitude skills, communication skills, and more. By using these assessments, recruiters can better understand the strengths and weaknesses of candidates or employees0 and make informed hiring or promotion decisions.
• Helps Identify Top Performers: iMocha's assessments can also help recruiters identify top performers. By analyzing the assessment results, recruiters can determine who has the strongest skills and who is the best fit for the role. This can be useful for identifying potential leaders, rewarding high-performing employees, and making decisions about promotions.
• Addresses the Skills Gap Analysis: iMocha's assessments can be used to conduct a skills gap analysis and engage in talent development and success planning. This involves evaluating the skills of employees and comparing them to the skills required for the role. By identifying the gaps between the two, recruiters can create training programs to help employees develop the skills they need to excel in their roles.
• iMocha's assessments can also double up as an upskilling portal for employees: By providing employees with access to iMocha's assessments, they can evaluate their skills and identify areas where they need to improve. This can help them to develop new skills and improve their performance in their current role.
  

In 2023, iMocha introduced its Skills Intelligence Cloud. It is a comprehensive talent management solution that includes advanced assessment capabilities, skill analytics, and customized training solutions. It enables organizations to make informed decisions regarding talent, bridge skill gaps, and cultivate a high-performing workforce that aligns with business objectives.

G2 Rating: 4.4 out of 5 stars (247 reviews)

Price: Discover all the pricing information you need right here

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2. PerformYard

PerformYard is a cloud-based performance management software that helps organizations automate and streamline their performance management processes.

Top Features

• Goal setting
• Performance reviews
• 360-degree feedback
• One-on-one meetings
• Reporting and analytics
• Easy integration with various HR systems such as BambooHR, ADP, and Paylocity

G2 Rating: 4.7 out of 5 stars (807 reviews) 

Price:

• Professional: $5-10per person/month (billed annually)
• Enterprise: Available on request

3. SAP SuccessFactors

SAP SuccessFactors is a cloud-based human capital management software that helps organizations manage their workforce and HR processes.

Top Features

• Offers robust talent management and succession planning platform with features such as career planning, competency assessment, and development planning.

Other features include:

• Recruiting and onboarding
• Learning and development
• Performance and goals management
• Compensation management
• Succession and development planning
• Integrations with various third-party systems such as LinkedIn and Microsoft Office

G2 Rating: 3.9 out of 5 stars (656 reviews)

Price: Starts at 3.15 CAD per user per month

4. Cornerstone OnDemand

Cornerstone OnDemand is a cloud-based talent management software that helps organizations manage their employees' learning, performance, and recruiting processes.

Top Features

• Learning and development
• Performance management
• Recruiting and onboarding
• Compliance training
• Analytics and reporting
• Integrations with HR systems such as ADP, Workday, and Oracle

G2 Rating: 4.1 out of 5 stars (491 reviews)

Price: Available on request

5. PeopleFluent

PeopleFluent is a cloud-based talent management software that helps organizations manage their employees' learning, performance, and recruiting processes.

Top Features

• Offers advanced analytics and reporting, automated workflows, and a user-friendly interface for talent management and succession planning.

Other top features include:

• Performance management
• Compensation management
• Succession planning
• Workforce planning
• Analytics and reporting
• Integration with third-party systems such as LinkedIn and Salesforce

G2 Rating: 4.3 out of 5 stars (17 reviews)

Price: Available on request

6. SumTotal

SumTotal is a cloud-based talent management software that helps organizations manage their employees' learning, performance, and recruiting processes.

Top Features

• Provides personalized learning and development plans, competency management, and performance assessments for succession planning.

Other top features include:

• Learning and development
• Compensation management
• Recruiting and onboarding
• Workforce planning
• Integration with third-party systems such as LinkedIn and Microsoft Office

G2 Rating: 3.3 out of 5 stars (42 reviews)

Price: Available on request

7. Plum

Plum is a comprehensive talent management software that offers succession planning tools to help businesses identify high-potential employees and prepare them for leadership positions.

Top Features

• Talent mapping
• Competency profiling
• Automated candidate ranking

G2 Rating: 4.4 out of 5 stars (73 reviews)

Price: Available on request

8. UKGPro

UKGPro is another popular succession planning tool. It is an all-in-one human capital management solution that includes succession planning software to help organizations develop and retain top talent.

Top Features

• Features customizable talent profiles, career planning tools, and automated succession planning workflows.

Other top features include:

• Talent identification
• Talent review
• Talent development plans

G2 Rating: 4.2 out of 5 stars (1,472 reviews)

Price: Available on request

9. TalentGuard

When it comes to talent assessment tools for succession planning, the list is incomplete without mentioning TalentGuard.

TalentGuard is a cloud-based talent management solution that offers robust succession planning tools to help organizations identify and develop high-potential employees.

Top Features

• Provides competency and skill assessments, career pathing tools, and real-time succession planning dashboards.

Other top features include:

• Talent assessment
• Career pathing
• Development planning

G2 Rating: 4.7 out of 5 stars (3 reviews) 

Price: Available on request

10. Bullseye Engagement

Bullseye Engagement is a talent management platform that offers comprehensive succession planning tools to help businesses manage their succession planning process.

Top Features

• Offers talent assessment and development tools, customizable development plans, and employee engagement features.

Other top features include:

• Talent assessments
• Career path planning
• Personalized development plans

G2 Rating: 5 out of 5 stars (2 reviews) 

Price: Available on request

11. Arcoro

One of the best succession planning tools, Arcoro is a human resources management system that includes succession planning tools to help businesses prepare for future leadership needs.

Top Features

• Provides a comprehensive suite of HR solutions, including performance management and succession planning software.

Other top features include:

• Talent identification
• Career development plans
• Succession planning reports

G2 Rating: 3.9 out of 5 stars (89 reviews)

Price: Available on request

12. EmpXtrack

EmpXtrack is a cloud-based human resources software that includes succession planning tools to help organizations identify and develop top talent.

Top Features

• Offers robust talent management tools, including competency mapping, career pathing, and succession planning features.

Other top features include:

• Talent review
• Career pathing
• Development planning

G2 Rating: 4.5 out of 5 stars (3 reviews)

Price: Available on request

In Conclusion

Whether recruiters wish to nurture potential future leaders or build a pipeline of talent, leveraging a succession planning tool is key. It can provide employees with a clear career path within the organization and enhance organizational agility at the same time.

Try and pick among these best succession planning software and understand which one suits your organization the best.

FAQs

1.What is the main tool used in succession planning discussions?

A succession planning template or framework is the main tool used in succession planning discussions. This may include templates for identifying key positions, assessing potential successors, and creating development plans for employees.

2.How do you create a succession plan?

To create a succession plan:

• Identify key positions: Determine which positions are critical to the success of your organization and should be included in the succession plan.
• Assess potential successors: Evaluate current employees and identify those with the potential to fill the key positions.
• Develop employees: Create development plans for potential successors to help them acquire the necessary skills and knowledge for the key positions.
• Monitor progress: Regularly review the development plans and monitor the progress of potential successors.
• Implement the plan: Once a potential successor is ready, implement the plan by transitioning them into the key position. Read on to this blog to know more about succession planning best practices. 

3.What are the five steps to succession planning?

The five steps to succession planning are:

• Analyze the current workforce and determine the skills, knowledge, and experience of the current workforce to identify potential gaps.
• Determine which positions are critical to the success of your organization and should be included in the succession plan.
• Develop employees by creating development plans for potential successors to help them acquire the necessary skills and knowledge for key positions. Read on to this blog to explore connection between succession planning and talent development.
• Monitor progress, regularly review the development plans, and monitor the progress of potential successors.
• Implement the plan once a potential successor is ready.

4.What are the types of succession plans?

The types of succession plans include:

• Emergency succession plan: This plan outlines what should happen in the event of an unexpected departure of a key employee.
• Planned succession plan: This is a more proactive approach and involves identifying potential successors for key positions and developing their skills over time.
• Talent management succession plan: This plan focuses on developing and retaining top talent within the organization and ensuring they are prepared for future leadership roles.