Talent and succession management is essential to all organisations. If talent is not managed appropriately, skills can be wasted and good people may decide to go elsewhere, leaving the organisation with low performers. Without succession management, organisations can be left in difficulty whilst important roles are empty.
Talent management is about identifying how individual people at all levels across the organisation can be supported and developed in a way that benefits them and the organisation. It is an ongoing process that needs to be proactively managed and reviewed.