A talent management philosophy requires paying continuous attention to workforce planning issues. Managers call this newer, continuous workforce planning approach predictive workforce monitoring.
Workforce planning should logically culminate in a workforce action plan. This lays out the employer’s projected workforce demand–supply gaps, as well as staffing plans for filling the necessary positions.
Succession planning involves developing workforce plans for the company’s top positions. Succession planning is the ongoing process of systematically identifying, assessing, and developing organizational leadership to enhance performance. It entails three steps: identify key needs, develop inside candidates, and assess and choose those who will fill the