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Talent Progress Scorecard Template

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Measuring Succession Planning Progress

An important but often overlooked step of Succession Planning is to measure the success of your succession plan. SIGMA Assessment Systems’ Talent Progress Scorecard Template allows you to review the outcomes of your succession plan across several important indicators. The talent assessment scorecard will help you to demonstrate the value of your succession plan on an ongoing basis. It will make it easier to justify your budget, ask for budget increases, or get buy-in from executives in other areas. To make the most of the Talent Progress Scorecard it is important to consider both what to measure and when.

SIGMA’s Talent Progress Scorecard Template

Talent Progress Scorecard Template from SIGMA Assessment Systems.

Benefits of Assessing Talent with a Progress Scorecard Template

Why use this template? Talent progress scorecard templates are practical tools you can use to assess that your succession plan is on track. Benefits of using the talent progress scorecard include:

  • Agreeing on key metrics your company uses to measure success
  • Documenting key metrics for success
  • Facilitating regular measurement and recording of success metrics
  • Ability to identify trends over time
  • Ability to measure return on investment (ROI)
  • Data that can be used to communicate success
  • Objective indicators of progress (very motivating for employees)
  • Early indicators when development is not effective (i.e., if no progress is seen)

How to ake the Most of Your Scorecard

To make the most of the Talent Progress Scorecard Template it is important to consider both what to measure and when.

1. Identify Relevant Indicators of Success

Measuring indicators of success that are specific to your organization will help to make the Talent Progress Scorecard as relevant as possible. Look for ways to add objective, impressive numbers, such as money saved or time delays prevented. In the Talent Progress Scorecard template, you will see some basic talent indicators that we recommend such as:

These can be a great starting place, but don’t feel constrained by our recommendations. Customize the Talent Progress Scorecard to measure what is most important to your organization.

2. Review Indicators of Success Regularly

At a minimum, your Talent Progress Scorecard should be updated every 6 months. Tracking progress and regularly sharing the results with key stakeholders demonstrates the value of your succession plan and keeps its importance top of mind. Measuring and communicating the progress of your succession plan early and often will ensure you get the resources and executive commitment you need for a successful planning initiative. Even if you only track one metric, get in the habit of recording it and attaching a dollar value if possible. Create your Talent Progress Scorecard early, and in time you will be able to show year-over-year progress.

Need Help Getting Started?

SIGMA’s Succession Planning Launch offers a simple and cost-effective way to build a robust Succession Planning process and ensure your organization’s leadership is positioned for success and prepared for the unknown.

Contact us to learn how we deliver a detailed 12-month succession plan for each member of your leadership team in just two half-day workshops.

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Talk to an Expert

Glen Harrison is an organizational transformation consultant and succession planning expert. Over the course of his career, Glen has worked with one-third of the Fortune 500 list and with every level of government in Canada and the United States. Having worked with numerous clients to build robust succession plans from the ground up, Glen has extensive experience in the application of SIGMA’s products and services to help organizations realize their people potential. If you are interested in learning more about SIGMA’s succession planning services, send Glen an email or give him a call. He’d be pleased to chat with you.