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These flashcards cover key concepts from the lecture on talent management, succession planning, career development, and related strategies in human resource management.
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What is the definition of strategic talent management?
Strategic talent management involves identifying the most important jobs in a company that provide a long-term competitive advantage and creating appropriate HR policies to develop employees for these roles.
What are the two primary types of career planning?
Organization-centered career planning focuses on logical job progression within an organization, while individual-centered career planning emphasizes the individual’s responsibility for their career.
What is succession planning?
Succession planning is preparing for inevitable vacancies in the organization hierarchy, which can arise from retirements, transfers, promotions, and turnover.
What does the Nine-Box Talent Grid illustrate?
The Nine-Box Talent Grid is a matrix showing past performance and future potential of all employees, aiding in succession planning decisions.
What are some common mistakes in succession planning?
Common mistakes include starting too late after vacancies occur, not linking succession plans to strategic plans, and looking only internally for succession candidates.
What is a protean career?
A protean career is one where an individual makes conscious career plans aimed at achieving self-fulfillment.
What is the importance of development needs analyses?
Development needs analyses help organizations identify the skills and competencies that employees need to develop to enhance their career growth.
What are common approaches to on-site talent development?
Common on-site talent development approaches include coaching, committee assignments, and job rotation.
What are the primary steps in individual career planning?
The primary steps in individual career planning are to determine who you are, find out how you are viewed, investigate your options, set goals, and take action.
What are the benefits of succession planning?
Benefits of succession planning include supplying highly qualified individuals, providing career opportunities, enhancing company branding, and ensuring organizational continuity.