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Managing Succession and Talent in (S1RE28JN12)Higher Educational: Thursday 28 June 2012 Times: 10.0015.30 Venue: Norwich University, College of the Arts, NorwichOFFICE USE ONLY SO Number:IN Number:CN
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01
To fill out managing succession and talent, follow these steps:
02
Identify key positions: Start by identifying key positions within the organization that require succession planning and talent management.
03
Analyze talent gaps: Assess the current talent pool and identify any gaps in skills and capabilities to determine the organization's future needs.
04
Develop a talent pipeline: Create a pool of high-potential employees who can be groomed for future leadership roles through training, development programs, and mentorship.
05
Implement a performance management system: Establish a performance management system to evaluate employees' performance, identify potential successors, and provide feedback and coaching.
06
Offer career development opportunities: Provide opportunities for employees to enhance their skills and knowledge through job rotations, cross-functional projects, and additional training.
07
Monitor progress and reassess regularly: Continuously monitor the progress of succession planning and talent management efforts, reassess the talent pool, and make necessary adjustments to ensure the effectiveness of the process.
08
Communicate the succession plan: Clearly communicate the succession plan to key stakeholders, including employees, managers, and executives, to ensure transparency and alignment.
09
Evaluate and improve: Regularly evaluate the success of the succession and talent management process, gather feedback, and make improvements to enhance its effectiveness.

Who needs managing succession and talent?

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Managing succession and talent is beneficial for the following individuals or organizations:
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- Large companies with complex hierarchies and multiple layers of management, as they need to have a clear succession plan in place to ensure smooth transitions and continuity of leadership.
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- Organizations experiencing high employee turnover or facing a talent shortage, as they need to prioritize talent management to attract, retain, and develop skilled individuals.
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- Startups or small businesses with growth aspirations, as they need to identify and groom potential leaders who can support the organization's expansion and handle increased responsibilities.
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- Companies operating in competitive industries where talent acquisition and retention are critical for maintaining a competitive edge.
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- Any organization that values long-term sustainability and wants to build a robust leadership pipeline to proactively address future leadership needs.

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Managing succession and talent involves identifying and developing potential future leaders within an organization.
HR departments or talent management teams within organizations are typically responsible for filing managing succession and talent.
Managing succession and talent forms usually require information on current employees, their potential for advancement, and any development plans in place.
The purpose of managing succession and talent is to ensure that the organization has a pipeline of qualified individuals ready to take on leadership positions in the future.
Information such as employee career progression plans, training and development activities, and performance evaluations may need to be reported on managing succession and talent.
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