The image shows graphic illustrations of a professional man and woman following upward moving arrows as they move their way upward into higher positions of a company represented by different styled work chairsSoftware Advice, an HR and recruiting technology research firm, recently released a report discussing the value of talent management and succession planning—“the process of identifying and developing current employees for future leadership roles”—and how it affects employee engagement. The key finding? . . .

  • 62% of employees surveyed say they would be “significantly more engaged” at work if their company had a succession plan.

This number should speak volumes to those either concerned with or responsible for employee retention. Provide people with a lighted path forward, onward and upward in their career, and they will be more engaged with the work they’ve been hired to do. Isn’t this what all businesses desire? Engaged workers are happy workers. So how well do employers understand this? The report also revealed that . . .

  • 81% of employers report using some form of software to organize the process of succession planning.

Is your organization one of these? Are your workers engaged, happy? If you’re answering “no,” then perhaps the decision-makers should consider an improvement to the office culture through updated talent management and established succession plans. Don’t know where to start? Visit our page on succession planning and consider requesting a demo or starting a free trial of our software.

Read the complete article, “5 Stats On Talent Management and Succession Planning” at Hireology.com (includes a complimentary eBook download: 51 Ways to Build a Great Team, Tips for hiring managers).