Talent Reviews and Succession Planning
IF YOU ARE LOOKING for the engine of effective talent management, you have found it.
The talent review process helps you to understand the talent you have, identify the talent you are missing, and create plans to address both. You will know where investments in growing talent yield the best return and where it is smarter to divest. The simple OPTM process will accomplish this with a minimum of paperwork and bureaucracy.
Depending on which survey you read, between 50 percent and 75 percent of firms engage in talent reviews and succession planning; about half of those use a formal process.1 That number seems low to us. We can understand that company executives are skeptical about conducting engagement surveys ...