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April 8, 2015 — Mounting pressure to strengthen leadership pipelines in
organizations around the world is driving demand for succession planning
software, according to new research from Bersin by Deloitte. Summarized in a
complimentary “WhatWorks® Market Brief,” the research findings appear in Bersin
by Deloitte’s new study "The Guide to
Succession Management Technology 2015: Managing Succession with Software.”
management – a strategic process that minimizes gaps for critical positions in
an organization – remains a priority for human resource and business leaders,
86 percent of whom cited it as a top issue this year according to the
recently-published Deloitte “Global Human Capital Trends 2015" report.
However, use of technology to manage succession planning in many organizations
is limited and relatively recent. Bersin by Deloitte’s new succession
management technology research shows that 46 percent of those surveyed still
use no software in managing succession. One quarter (25 percent) of respondents
had purchased their succession management software within the past three years.
One-third (33 percent) of responding organizations indicated that they will
replace their succession management software by the end of 2015.
increasingly view succession management as more than an annual exercise for
identifying and developing successors for executive-level positions,” said
Katherine Jones, Ph.D., vice president, HCM Technology Research, Bersin by
Deloitte, Deloitte Consulting LLP. “Succession management has evolved to become
a continuous, strategic, integrated approach for mobilizing talent at all
levels to fill critical positions in an organization. This evolution is driven
in part by the need for organizations to mitigate the risk of business disruption
caused by losing key employees.”
nearly half of the companies surveyed indicated that their succession
management processes or applications are home-grown or proprietary.
systems contribute to the problem of integration,” said Jones. “Fifty-eight
percent of talent management suite buyers indicated that they sought
integration of succession management and talent reviews with that purchase.
Twenty-one percent said they sought the addition of a new succession management
module to an existing talent management suite.”
Software helps in
many steps of the succession planning process, including talent review, lending
consistency and repeatability to the process. Solution providers increasingly
are moving to support such processes. The Bersin by Deloitte research found
that, among those surveyed:
The new research
also provides key points to consider when evaluating current succession
processes and related technologies. For example:
Register to join
Katherine Jones for an online webinar, “Success at Succession: How Today’s Technology Can Help,” May 7, 2 p.m. EDT/19:00 BST.
in learning more about Bersin by Deloitte or its WhatWorks® membership may
email email@example.com or call +1 510 251 4400.
About Bersin by
Deloitte delivers research-based people strategies designed to help leaders and
their organizations in their efforts to deliver exceptional business
performance. Our WhatWorks® membership gives Fortune 1000 and Global 2000 HR
professionals the information and tools they need to design and implement
leading practice solutions, benchmark against others, develop their staff, and
select and implement systems. A piece of Bersin by Deloitte research is
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than 5,000 organizations worldwide use our research and consulting to guide
their HR, talent and learning strategies. For more information, please visit
http://www.deloitte.com/bersin or http://www.bersin.com.
As used in this
document, "Deloitte" means Deloitte Consulting LLP, a subsidiary of
Deloitte LLP. Please see http://www.deloitte.com/us/about for a detailed
description of the legal structure of Deloitte LLP and its subsidiaries.
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