Magazine : 
Leverage AI For Skill-Based Succession Planning
It is crucial for organizations to hire, build, retain, and identify agile leaders. Professionals who can navigate uncertain situations with confidence are key to organizational success, and to identify and nurture these leaders, organizations must have an agile approach to succession planning.
“Depending on the nature, each business structure requires a different type of succession plan, as traditional succession planning no longer applies to fluid organizations today.”
Siddhartha Gupta, CEO, Mercer | Mettl
AI has led to a paradigm shift in the HR processes. Hence, integrating AI in succession planning can help HR managers effectively identify and develop potential leaders, streamlining the selection process and ensuring a smooth transition for leadership positions. AI can analyze employee performance data and reviews, evaluate their competencies and skills, and predict future performance to generate actionable insights. These insights are instrumental to nurturing talent, making informed decisions, and building robust talent pipelines for leadership positions.
AI solutions for succession planning bring several benefits to business intelligence. An AI-powered approach to succession planning removes biases and uses objective data to identify high-potential employees. It accurately identifies skills gaps and creates personalized training and development programs tailored to the needs of each employee. AI-based systems offer real-time analytics and insights that can be used by organizations to reevaluate and refine their succession planning strategy based on new advancements, data, and feedback.
Other than identifying potential candidates for leadership development and succession planning, AI can analyze the performance data, career aspirations, and learning preferences of the employees. This data can help design customized training and development programs that are tailored to suit employees’ strengths and areas of improvement.
Leveraging the capabilities of AI also allows for continuous monitoring of the development programs. Organizations can track the progress of potential leaders in the program and make data-backed decisions regarding succession planning.
“Assessments should be the basis for succession planning as they can identify high-potential talent and eliminate bias in the process, both validating decisions and galvanizing a talent pipeline.”
Siddhartha Gupta, CEO, Mercer | Mettl
Succession planning must be achieved based on an organization’s vision, and the time needed to nurture critical skills in potential leaders should be considered. Mercer | Mettl offers a comprehensive suite of scalable succession management tools that are customized to meet the unique needs of an organization. The data-driven tools offered by Mercer | Mettl can help organizations build futuristic frameworks for leadership assessment and succession planning by identifying suitable candidates for relevant competencies and ensuring the effectiveness of the succession strategies being implemented.
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