Talent Management and Succession Planning
Talent management serves as a strategic framework for attracting, developing, and retaining the workforce necessary to meet business needs. It encompasses identifying high-potential employees and implementing structured development strategies to build a strong talent pipeline, ultimately ensuring organizational sustainability through effective succession planning.
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8.6Steps In Succession Planning
This section outlines the key steps involved in the succession planning...
What we have learnt
- Talent management focuses on hiring, developing, and retaining top performers.
- Succession planning is essential to prepare for leadership gaps and ensure continuity.
- Tools like the 9-box grid and talent pools help visualize readiness.
- Investing in employee development leads to long-term organizational growth.
Key Concepts
- -- Talent Management
- A strategic approach to attracting, developing, retaining, and utilizing talented individuals to meet business needs.
- -- HighPotential Employees (HiPos)
- Individuals who consistently exceed performance expectations and demonstrate the potential for advancement within the organization.
- -- Succession Planning
- The process of identifying and developing internal talent for key roles to ensure business continuity.
- -- 9Box Grid
- A tool used to assess employees based on their performance and potential, aiding in talent management decisions.
- -- Development Strategies
- Techniques used to enhance employee skills and readiness for advanced roles, such as mentoring and stretch assignments.
Additional Learning Materials
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