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What are some of the best tools and resources for talent management and succession?

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Talent management and succession are crucial processes for any organization that wants to attract, retain, and develop its human capital. They involve identifying, assessing, and developing the skills, competencies, and potential of employees, as well as planning for their career growth and future leadership roles. However, talent management and succession can be challenging and complex, especially in today's dynamic and competitive environment. That's why having the right tools and resources can make a big difference in the effectiveness and efficiency of these processes. In this article, we will explore some of the best tools and resources for talent management and succession, and how they can help you achieve your organizational goals.

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Rachita Srivastava, SHRM-SCP

1 Talent management software

One of the most essential tools for talent management and succession is a talent management software (TMS). A TMS is a platform that integrates various functions and features related to talent management, such as recruitment, performance management, learning and development, compensation, feedback, analytics, and succession planning. A TMS can help you streamline and automate your talent management and succession processes, as well as provide you with data and insights to make informed decisions. A TMS can also enhance the employee experience, engagement, and retention, by offering personalized and flexible learning opportunities, career paths, and rewards.

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2 Talent assessment tools

Another important tool for talent management and succession is a talent assessment tool. A talent assessment tool is a method or instrument that measures the skills, competencies, personality, motivations, and potential of employees or candidates. Talent assessment tools can include tests, surveys, interviews, simulations, games, or case studies. Talent assessment tools can help you identify the strengths and gaps of your current and future talent pool, as well as match them with the right roles and development plans. Talent assessment tools can also help you create a fair and objective talent management and succession process, by reducing bias and increasing transparency.

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3 Talent development resources

A third key tool for talent management and succession is a talent development resource. A talent development resource is a source of information, knowledge, or guidance that helps employees or candidates improve their skills, competencies, or performance. Talent development resources can include courses, books, podcasts, webinars, mentors, coaches, or peers. Talent development resources can help you foster a culture of learning and growth in your organization, as well as prepare your employees or candidates for their current and future roles. Talent development resources can also help you increase the value and impact of your talent management and succession process, by providing feedback, recognition, and support.

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Rachita Srivastava, SHRM-SCP
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It's important not to forget the future competencies that the identified talent is to be developed upon. While talent development initiatives begin from the current state, they lead to the desired future state and one of the best ways to reach there is to build on skills to get there.

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4 Talent network tools

A fourth useful tool for talent management and succession is a talent network tool. A talent network tool is a platform or channel that connects employees or candidates with other professionals, organizations, or opportunities. Talent network tools can include social media, online communities, events, or referrals. Talent network tools can help you expand your talent pool and pipeline, as well as attract and retain top talent. Talent network tools can also help you enhance your employer brand and reputation, as well as build relationships and trust with your employees or candidates.

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Rachita Srivastava, SHRM-SCP
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If outside in approach is factored in with some talk sessions from outside leaders then that also helps in developing different perspectives, which the talent management practices be blindsided to ! Or at best, they can spark some new ideas to the talent !

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5 Talent strategy tools

A fifth essential tool for talent management and succession is a talent strategy tool. A talent strategy tool is a framework or model that helps you define, align, and execute your talent management and succession goals, objectives, and actions. Talent strategy tools can include SWOT analysis, gap analysis, competency models, career maps, or succession matrices. Talent strategy tools can help you create a clear and coherent vision and direction for your talent management and succession process, as well as monitor and evaluate your progress and results. Talent strategy tools can also help you communicate and engage your stakeholders and employees in your talent management and succession process, by creating a shared understanding and commitment.

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Rachita Srivastava, SHRM-SCP
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Critical to course correct too, basis feedback from talent vis a vis the organisational business direction, that could also change due to external environmental and internal management changes !

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What are some of the best tools and resources for talent management and succession?

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1 Talent management software

2 Talent assessment tools

3 Talent development resources

4 Talent network tools

5 Talent strategy tools

6 Here’s what else to consider

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