Talent Management
Talent Acquisition: The process of attracting, recruiting, and onboarding qualified employees to fill open positions within an organization.
Career Development: The ongoing process of helping employees grow their skills and knowledge to achieve their career goals, which can benefit both the employee and the organization.
Competency: The knowledge, skills, and abilities (KSAs) needed to perform a job successfully.
Competency Model: A framework that outlines the specific competencies required for different roles within an organization.
Employee Engagement: The level of commitment and enthusiasm employees have for their work and their organization.
Employee Retention: The ability of an organization to keep its employees and minimize turnover.
High Potential (HiPo): Employees identified as having the potential for advancement to leadership roles within the organization.
Learning and Development (L&D): The programs and activities designed to help employees develop their skills and knowledge.
Onboarding: The process of integrating new hires into an organization and helping them become productive members of the team.
Performance Management: The ongoing process of setting goals, providing feedback, and evaluating employee performance.
Performance Review: A formal evaluation of an employee’s performance against predetermined goals and objectives.
Succession Planning: The process of identifying and developing future leaders within an organization.
Talent Management System (TMS): A software application that helps organizations manage all aspects of the talent management process, from recruitment to retirement.
Talent Pool: A group of qualified candidates who have expressed interest in working for an organization, either through applications or networking events.
Talent Review: A process for evaluating the skills, experience, and potential of current employees to inform talent management decisions.
Workforce Planning: The process of forecasting future talent needs based on business goals and organizational strategies.
