How Talent Analytics Streamlines Succession Planning
As a component of the overall Talent Planning/Talent Management process within organizations, succession planning is an undertaking that generally aims to strike a balance between the objective and the subjective. When comparing internal versus external talent pools at all levels within a company, insights into global labor market intelligence are paramount to developing a holistic succession planning initiative. Succession planning is an ongoing process that can take months, if not years - depending on the level of the role. The ability to benchmark potential internal talent against data illuminating current market conditions within the external talent market is indispensable when making objective yet people-centric decisions.