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Component: LOD-SF-SCM
Component Name: Succession Management
Description: Indicates a position in the company that is vacant and for which a suitable candidate needs to be found.
Key Concepts: Succession Management is a component of SAP’s Human Capital Management (HCM) suite. It is used to manage the process of hiring and onboarding new employees. It allows organizations to identify and develop potential successors for key positions, as well as plan for future staffing needs. How to use it: Succession Management can be used to create job postings, track applicants, and manage the hiring process. It also provides tools for onboarding new employees, such as creating employee profiles and assigning roles and responsibilities. Additionally, it can be used to identify potential successors for key positions and develop their skills through succession planning. Tips & Tricks: When using Succession Management, it is important to ensure that all job postings are up-to-date and accurate. Additionally, it is important to keep track of applicants and their progress throughout the hiring process. Finally, it is important to regularly review succession plans to ensure that they are up-to-date and relevant. Related Information: Succession Management is part of SAP’s Human Capital Management suite, which also includes modules such as Personnel Administration, Organizational Management, and Time Management. Additionally, Succession Management can be integrated with other SAP modules such as Talent Management and Learning Solutions.