The Role of Performance Management Software in Succession Planning

Succession decisions in a company are based on aspects such as leadership skills and performance. Klaar offers AI-powered performance management software to help your company make fair promotional decisions. Here is more information about the role this software plays in succession planning: 

Defining Company Roles

Vague role descriptions, such as “good communicator,” can make it difficult for employees to understand what skills are required in managerial or leadership positions. Performance management software like Klaar helps your company define the skills and competencies needed for each role. It also allows you to create in-depth development insights for open positions.

Clear definitions of company roles help employees set specific goals for individual, career, and company growth. Automated HR software assists in the goal-setting process; it uses employee and 360-degree reviews to create Individual Development Plans. The software also offers suggestions for 70-20-10 goals. When summarizing employee data, the system will display their competency scorecard, aspirations, and career anchors on their profiles to demonstrate their progress. 

Creating Data-Based Reviews 

Performance reviews are used in succession planning to assess how individuals are performing in their current roles and the skills they possess. AI management software can create performance reviews for managers, saving them time. Klaar generates 90% of reviews based on employee data; this offers greater accuracy. Data-based reviews help prevent personal bias, bad days, time crunches, or exhaustion from impacting employee reviews. This allows for a more accurate depiction of employees, making it easier to create informed promotional decisions. 

Predicting Future Performance

Succession decisions involve evaluating employee potential and planning ahead. Instead of gut decisions about an employee’s future, AI software offers data-based performance trends for individuals. Klaar utilizes employee data to create predictive insights; this helps HR identify an individual’s potential for a role. This tool also shows at-risk objectives, allowing managers to revise goals and help employees get back on track with their career plans.

Simplifying Calibrations 

Employee calibrations typically involve the HR team creating multiple spreadsheets. Calibrations track and standardize performance ratings across managers and teams; this helps make sure ratings are fair and consistent company-wide. An automated performance management system recommends appropriate rating systems for your company, making it easier to align ratings and identify deviations. 

Klaar utilizes live data for calibrations. The system allows for side-by-side comparisons of employee ratings and offers AI-generated visualizations. This will enable managers to identify high-performing individuals for new roles. Klaar also provides the HR team with the data to identify potentially biased promotional decisions, and this promotes objective decision-making and prevents unfair succession decisions. 

Experience Our Performance Management Software

Data-based, objective analysis helps HR teams make promotion decisions based on talent rather than office popularity contests or politics. This allows for greater diversity and supports company growth. Klaar integrates with other HR software, enabling your HR team to pull employee data from multiple sources and manage HR activity from one platform. Our software also generates pulse surveys and offers prompts for 1:1s. To experience a product walkthrough, schedule a demo with us today. 

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