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8MSaaS HCM has built-in methodology and tools for individuals to manage their own careers and managers to manage the careers of their subordinates. 8MSaaS HCM Career & Succession Management isn’t a set of isolated functions from the rest of the 8MSaaS HCM functions but is well integrated with the 8MSaaS HCM Skills and Training and 8MSaaS HCM Performance Management functions.
8MSaaS HCM Career & Succession Management provides the following major functions to help people to better manage careers:
Besides being able to help an organization to better manage people’s careers, 8MSaaS HCM Career & Succession Management maintains the job, skill and career information repository which is very valuable for the organization doing staff planning and mergers and acquisitions.
8MSaaS HCM Career & Succession Management allows the organization to define the following information for each job to create job ladders and skill set requirements:
The information defined in the job ladders and skill set requirements for each job form the career advancement structure for the new comers and existing people in the organization.
8MSaaS HCM Career & Succession Management allows the user to define near and long term career objectives and visualize the career paths and understand the approximate time to achieve each landmark.
8MSaaS HCM Career & Succession Management can automatically perform skill set gap analysis between the employee and her next career advancement target to help her identify her training needs. 8MSaaS HCM Career & Succession Management is integrated with 8MSaaS Skill & Training Management to formally generate training plans and track training progress and results.
After training starts, 8MSaaS HCM Skill & Training Management can record training results and update the employee’s skill set information for subsequent analysis. This helps the employee to continuously learn and evaluate herself at the same time.
Performance management is one of the essences for career management. 8MSaaS HCM Career & Succession Management is integrated with 8MSaaS Performance Management to ensure employee’s training objectives for both her current job and her career advancement are reflected in her Balance Scorecard (BSC) or Management By Objectives (MBO) and are being looked at and managed together.
The integration of performance management and career management will also help the employee and her manager to evaluate the employee’s strength and weakness during the performance review process and reevaluate her career paths at the same time. 8MSaaS Performance Management and Manage HCM Career & Succession Management work hand-in-hand to help the employee to perform satisfactorily and advance her career correspondingly.
Based on the job ladders and skill set information, 8MSaaS HCM Career & Succession Management is able to automatically match skills and career interests to identify the list of potential successors for the employee who is planning to move to another position. After reviewing the list of potential successors, the employee can work with her manager to formulate plans for the succession process. 8MSaaS HCM Career & Succession Management helps employees advance their career but at the same time ensure successful succession.