Talent Management

Definition of Talent Management as it relates to Business, Human Resource Management, Organizational Development

Succession Planning: A systematic process of identifying, developing, and retaining potential leaders within an organization to ensure continuity in key positions. It involves creating a pool of qualified candidates who can step into leadership roles when current leaders retire, resign, or are promoted. This process is closely tied to business strategy, human resource management, and organizational development, as it requires alignment with the overall goals of the organization, effective talent management, and a strong culture of learning and development. Succession planning is critical for maintaining stability, continuity, and long-term success in any organization.

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