Retention and Succession the Focus of HR

Retention and Succession is the Focus for HR

MELBOURNE, AUSTRALIA - January 16, 2009

Integrated Talent Management solutions provider, PageUp People, has today released the results of a Succession Management survey conducted throughout December 2008.

The online survey, in which over 100 HR professionals participated, is part of PageUp People's commitment to the continuous research of the talent management market.

The key finding was that, out of recruitment, performance management, retention & succession and training & development, retention & succession was perceived to be the biggest challenge for managing talent in 2008/09.

Results also indicated that few organisations' retention & succession systems and processes are aligned with best practice.

Only around half of the companies surveyed had a formal succession management process in place and over half of these companies do not measure the success of the program.

Additionally, approximately 20 percent of companies were found to have succession plans in place for the top 10% of management only and close to 30 percent revisit succession plans solely on an annual basis.

Furthermore, close to 35% rely on informal verbal recommendations as a means of managing the succession process with few companies assessing the flow on effect of redeploying key talent, a critical consideration for any succession management strategy.

Although many of these results are risky business, Karen Cariss, PageUp People CEO, believes the market is realising a more objective approach is required and moving quickly to formalise processes to retain their top talent.

"A formal, objective and strategic succession management approach, rolled out across an entire business, is a key challenge to many organisations and I think these results reflect this. Encouragingly, what these results do show is that many professionals are now beginning to see this as a focus for the new year."

To discuss how PageUp People's web-based Succession Management Solution can assist your company in reaching best practice, please contact your nearest PageUp People office.

About PageUp People

PageUp People assists organisations to acquire and retain the best talent through the development and integrated delivery of innovative talent management systems and solutions. Established in 1997, PageUp People has successfully built upon its beginnings as a custom software developer to create an extensive suite of integrated talent management web-based tools and consulting solutions which are now delivered to some of the world's largest organisations on a global scale. PageUp People is at the forefront of innovation in talent management solutions with global best-practice research underpinning all consulting practices and Software as a Service (SaaS) solutions. Visit the company website at www.pageuppeople.com .

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For further information contact the PageUp People Marketing Department on +61 3 8677 3777.