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Talent Management vs. Performance Management: What’s the Difference?

Extensis

Quick look: While the terms talent management and performance management are often used interchangeably, they play different (yet equally important) roles in a company’s human resource function. While the two terms may seem similar, they represent distinct approaches with unique objectives.

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Top 10 Succession Planning Tools and Software

Digital HR Tech

A rapidly aging workforce and a growing need to upskill people make succession planning – and therefore the use of succession planning tools – increasingly important. As a result of these changes, succession planning – and the tools that go with it – become more and more important for companies.

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The Art of Strategic Succession Planning: Achieving Talent Continuity in an Era of Uncertainty

15Five

If you were one of the millions of people who obsessively tuned into the HBO series “Succession,” then you’ve seen how a poorly executed succession plan can throw an organization into chaos. But while succession planning isn’t nearly as dramatic in real life as it is on TV, it is still an important business practice.

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Succession Planning: How to Strategically Map Out Your Company’s Future

Primalogik

Good succession planning ensures a company’s long-term success and stability. By identifying people with the right leadership style and potential for specific positions, succession planning will help your organization seamlessly navigate future role changes. Understanding Succession Planning 2.

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Achieving Employee Succession Planning: A Comprehensive Guide for HR Professionals

EmployeeConnect

Succession planning constitutes a vital component of talent management, aimed at identifying and nurturing potential employees within an organisation. Over the years, succession planning has undergone constant evolution, adapting to the changing landscape of business practices. Embracing Succession Planning?

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Why NFL Teams Excel at Succession Planning

Cornerstone On Demand

So when Aaron Sorensen, a succession planning expert and partner at Axion Consulting Partners, mentioned that NFL teams offer a valuable lesson for HR leaders looking to create and maintain a strong pipeline of talented leaders, we wanted to know more. Identify must-have skills and positions. ” Photo: Flickr/Mike Morbeck.

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What’s Keeping HR Up at Night in 2020?

HRExecutive

Slightly more than half of the respondents worry about retaining key talent, with the next most common concern being developing leaders and succession planning, followed by improving the employee experience, and driving innovation and helping teams work together. leader of Career Business at Mercer, points to the 3.5%