TM - June 2008 - (Page 48) recruitment & retention assessment & evaluation compensation & benefits performance management learning & development succession planning Integration Key to Effective Succession Planning Shelley Heiden Whether attempting to crown the next CEO or determine which workers to tap for promotion to the company’s managerial ranks, an organization needs a comprehensive view into the workforce’s skills and talent in order to make the best talent and business decisions. Integrating learning, performance management, compensation management and career planning can facilitate effective succession planning. A successful succession plan should answer the following questions for each candidate: • Learning: What does the candidate know (knowledge)? What is he or she qualified to do (skills)? What training has the candidate completed? • Performance and competency management: How well has the candidate performed in the past? What does past performance indicate about areas of strength and/or weakness? Which competencies has the candidate attained or still need to ascend to the next level? Which positions in the organization map to the competencies demonstrated by this candidate? • Compensation management: What is the candidate’s compensation history? How does the candidate’s compensation map to his or her performance and achievement of corporate goals? • Career planning and development: What are the candidate’s future career goals? Where does the person see him or herself professionally, one, three, even 10 years down the road? Is the candidate willing to relocate in order to accept a new or existing position? How much is he or she willing to travel? To answer these questions, organizations must have insight and visibility into organizational talent. By integrating and aggregating information about an employee’s learning, performance management, compensation, career-planning activities and history, organizations can generate a comprehensive snapshot of each employee or of an organization’s entire workforce. Further, this integrated approach serves to match employee career goals with organizational staffing needs, allowing companies to more effectively leverage existing talent. Historically, the enterprise-technology platforms available to manage this employee data have been largely cut off from one another, each confined to its own silo of functionality. Traditional learning management systems (LMS), for example, automate the delivery and management of training and, in some instances, competencies. Traditional employee performance management systems (EPM) automate performance management administration and, in some instances, career planning. This siloed approach has made it nearly impossible to integrate the information necessary for effective succession planning. But talent managers now are driving the evolution of a new class of enterprise software. According to a June 2007 research report titled “Learning Management Systems 2008: Facts, Practical Analysis, Trends and Vendor Profiles” from research firm Bersin & Associates, the integration revolution already has begun. The report said the “convergence of learning and performance management systems is still in its early stages,” but LMS features are evolving and “continue to snowball at an incredible rate.” Further, in response to customer demand, nearly every major LMS vendor “has developed a new set of capabilities for performance management, succession planning, and competency management.” According to Gartner Inc. the same phenomenon is occurring in the EPM market. When Gartner Research Vice President James Holincheck wrote the update to the research firm’s “MarketScope for Employee Performance Management Software” in late 2007, he said EPM systems are no longer being evaluated on their own, and customers are increasingly selecting EPM solutions that are “more integrated with compensation and succession management.” In response, Gartner not only broadened the scope of its research to include all three areas, it expanded the very definition of EPM, from focusing only on performance management to include succession management and compensation management. With succession planning moving to the forefront of the corporate agenda, the time has come for stakeholders to evaluate their succession planning strategies and solutions in the context of broader talent management capabilities and goals. Shelly Heiden is executive vice president for global field operations at Plateau Systems. She can be reached at editor@talentmgt.com. 48 talent management magazine www.talentmgt.com http://www.talentmgt.com
Table of Contents Feed for the Digital Edition of TM - June 2008 TM - June 2008 Editor’s Letter Contents Human Performance Leading Edge Foundations The New Components of Compliance Candid Culture: Embracing Employee Complaints Transitioning to a New Era: C&B at Nonprofits Three Ways to Build Successful Manager-Employee Relationships Implementing Successful Learning Programs The Succession Fix Fifth Third Bank: Putting People First Zaxby’s: Making Employees’ Jobs as Palatable as Its Menu Workforce Readiness: Preparing Personnel to Meet Business Goals Kelley Blue Book: Writing the Book on Performance Management Advertisers’ Index Editorial Resources Full Potential TM - June 2008 TM - June 2008 - (Page Intro) TM - June 2008 - TM - June 2008 (Page Cover1) TM - June 2008 - TM - June 2008 (Page Cover2) TM - June 2008 - TM - June 2008 (Page 3) TM - June 2008 - Editor’s Letter (Page 4) TM - June 2008 - Editor’s Letter (Page 5) TM - June 2008 - Editor’s Letter (Page 6) TM - June 2008 - Editor’s Letter (Page 7) TM - June 2008 - Editor’s Letter (Page 8) TM - June 2008 - Contents (Page 9) TM - June 2008 - Contents (Page 10) TM - June 2008 - Contents (Page 11) TM - June 2008 - Human Performance (Page 12) TM - June 2008 - Human Performance (Page 13) TM - June 2008 - Leading Edge (Page 14) TM - June 2008 - Leading Edge (Page 15) TM - June 2008 - Foundations (Page 16) TM - June 2008 - Foundations (Page 17) TM - June 2008 - The New Components of Compliance (Page 18) TM - June 2008 - The New Components of Compliance (Page 19) TM - June 2008 - The New Components of Compliance (Page 20) TM - June 2008 - The New Components of Compliance (Page 21) TM - June 2008 - The New Components of Compliance (Page 22) TM - June 2008 - The New Components of Compliance (Page 23) TM - June 2008 - Candid Culture: Embracing Employee Complaints (Page 24) TM - June 2008 - Candid Culture: Embracing Employee Complaints (Page 25) TM - June 2008 - Candid Culture: Embracing Employee Complaints (Page 26) TM - June 2008 - Candid Culture: Embracing Employee Complaints (Page 27) TM - June 2008 - Candid Culture: Embracing Employee Complaints (Page 28) TM - June 2008 - Candid Culture: Embracing Employee Complaints (Page 29) TM - June 2008 - Transitioning to a New Era: C&B at Nonprofits (Page 30) TM - June 2008 - Transitioning to a New Era: C&B at Nonprofits (Page 31) TM - June 2008 - Transitioning to a New Era: C&B at Nonprofits (Page 32) TM - June 2008 - Transitioning to a New Era: C&B at Nonprofits (Page 33) TM - June 2008 - Transitioning to a New Era: C&B at Nonprofits (Page 34) TM - June 2008 - Transitioning to a New Era: C&B at Nonprofits (Page 35) TM - June 2008 - Three Ways to Build Successful Manager-Employee Relationships (Page 36) TM - June 2008 - Three Ways to Build Successful Manager-Employee Relationships (Page 37) TM - June 2008 - Three Ways to Build Successful Manager-Employee Relationships (Page 38) TM - June 2008 - Three Ways to Build Successful Manager-Employee Relationships (Page 39) TM - June 2008 - Implementing Successful Learning Programs (Page 40) TM - June 2008 - Implementing Successful Learning Programs (Page 41) TM - June 2008 - The Succession Fix (Page 42) TM - June 2008 - The Succession Fix (Page 43) TM - June 2008 - The Succession Fix (Page 44) TM - June 2008 - The Succession Fix (Page 45) TM - June 2008 - The Succession Fix (Page 46) TM - June 2008 - The Succession Fix (Page 47) TM - June 2008 - The Succession Fix (Page 48) TM - June 2008 - The Succession Fix (Page 49) TM - June 2008 - Fifth Third Bank: Putting People First (Page 50) TM - June 2008 - Fifth Third Bank: Putting People First (Page 51) TM - June 2008 - Zaxby’s: Making Employees’ Jobs as Palatable as Its Menu (Page 52) TM - June 2008 - Zaxby’s: Making Employees’ Jobs as Palatable as Its Menu (Page 53) TM - June 2008 - Zaxby’s: Making Employees’ Jobs as Palatable as Its Menu (Page 54) TM - June 2008 - Zaxby’s: Making Employees’ Jobs as Palatable as Its Menu (Page 55) TM - June 2008 - Workforce Readiness: Preparing Personnel to Meet Business Goals (Page 56) TM - June 2008 - Workforce Readiness: Preparing Personnel to Meet Business Goals (Page 57) TM - June 2008 - Workforce Readiness: Preparing Personnel to Meet Business Goals (Page 58) TM - June 2008 - Workforce Readiness: Preparing Personnel to Meet Business Goals (Page 59) TM - June 2008 - Kelley Blue Book: Writing the Book on Performance Management (Page 60) TM - June 2008 - Kelley Blue Book: Writing the Book on Performance Management (Page 61) TM - June 2008 - Kelley Blue Book: Writing the Book on Performance Management (Page 62) TM - June 2008 - Kelley Blue Book: Writing the Book on Performance Management (Page 63) TM - June 2008 - Kelley Blue Book: Writing the Book on Performance Management (Page 64) TM - June 2008 - Editorial Resources (Page 65) TM - June 2008 - Full Potential (Page 66) TM - June 2008 - Full Potential (Page Cover3) TM - June 2008 - Full Potential (Page Cover4)
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