Paycom Software, Inc. has launched Career and Succession Planning, which is a new automated solution aimed at assisting organizations in discovering potential candidates for critical positions, measuring bench strength, and promoting talent development strategies. The solution is built on Paycom’s single database platform and combines employee, performance, and learning data to help executives gain immediate insight into the readiness and potential of their workforce. The solution is aimed at helping organizations mitigate unplanned leadership gaps by promoting more proactive and informed talent strategies.
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The solution’s features include a unified visual dashboard, actionable analytics, 9-box talent mapping, side-by-side talent comparisons, search functionality for talent, and automated match scoring that helps compare employees based on factors such as tenure, technology skills, leadership abilities, and performance ratings. The solution helps eliminate manual entry and outdated information, which often slows down succession and talent planning. “Our new career and succession planning software equips leaders to more easily identify and develop talent, ensuring organizations are better prepared for the future,” said Chad Richison, Paycom’s founder and CEO. “With Paycom, organizations have reliable, accurate data to discover workforce talent gaps and assess talent readiness.”
