Using talent pools for succession planning is a proven industry best practice to ensure your organization's future talent needs can be met. They help you to cultivate talent from within your organization through targeted individual, organizational and leadership skill development activities that are aligned with your strategic 3-5 year plan. And they reward you with deeper bench strength and higher employee engagement and retention.
Determine Critical Competencies and Create Talent Pools
- Group the diverse skills and competencies required in your organization into skill profiles for talent pools with common requirements. Talent pools should be for areas, not individual positions.
- Define target ratings and weighting factors to create a competency model for each talent pool.
Assess High-Potential Employees and Assign Them to Talent Pools
- Assess high-potential employees on the competencies needed for one or more talent pools and assign them to talent pools as appropriate.
- Create individual development plans to help employees achieve proficiency in all the required competencies, close skill gaps and prepare for succession opportunities.
- Develop employees in a talent pool with ongoing coaching and feedback, and career and development planning, ensuring employee engagement.
Support Talent Pool Employee Development and Track Progress with Regular Talent Assessments
- Conduct regular talent assessments to evaluate all employees in a talent pool against the competency model.
- Collect feedback from the employee, their manager and anyone else familiar with the competencies that define the talent pool.
- Assign additional development activities to build the skills required to close the gaps.
- Identify employees at risk of leaving, when and why.
- Avoid the need for additional training - talent assessments use the same user interface and workflow as the rest of the Halogen Employee Performance and Talent Management Suite.
Monitor Talent Assessment and Succession Planning Progress and Results with Easy to Use Reports
- Status and On Time Reports let HR track everyone's progress in a talent assessment process and notify those who have tasks past due.
- A Talent Pool report lets you see overall assessment results and adjust talent pool memberships as appropriate.
- Drill down to see an employee's Talent Profile showing details on an individual employee, including gap analysis.
- Generate a Development Plan Report to see the status of development activities for a talent pool, for an individual, a division or the entire organization.
- Export all talent assessment related data to a formatted text file suitable for import into a third-party software utility.
