Succession planning, a very important function, enables managers and individuals to identify the right candidates for a position. A Succession Plan represents a developmental plan to prepare an individual, should opportunities arise within the organization. Succession planning acknowledges that staff will not be with an organization indefinitely and it provides a plan and process for addressing the changes that will occur when they leave. Employees who are perceived to have the skills, knowledge, qualities, experience and the desire can be groomed to move up to fill specific, key positions.
Talent Management is a set of integrated organizational HR processes designed to attract, develop, motivate, and retain productive, engaged employees. The goal of talent management is to create a high-performance, sustainable organization that meets its strategic and operational goals and objectives. The complete Talent Management Process includes : Workforce Planning, Recruiting, Onboarding, Performance Management, Training and Performance Support, Succession Planning, compensation and Benefits and Critical skills Gap analysis.
Monina