Succession planning Definitions

  • S

    succession planning

    Succession planning is the process of identifying internal candidates for leadership or other key roles within a company.

  • T

    talent pipeline

    A talent pipeline is a pool of candidates who are qualified to assume open positions that have been newly created or vacated through retirement or promotion. Having a talent pipeline ensures that roles will not go unfilled for long periods or that people are not promoted before they are ready.

  • W

    workforce planning

    Workforce planning is a set of procedures that an organization can implement to maintain the most efficient employee/management team possible, maximizing profits and ensuring long-term success.

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