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Succession management is the process of identifying and developing talent within an organization to ensure smooth transitions in leadership and critical roles. It's crucial for companies to have the right tools to mitigate risks associated with key talent turnover, identify and develop future leaders, foster growth and development, and maintain a competitive edge.
As a business, you need comprehensive and in-depth insights into your talent pool. Insights about your workforce’s skills, experience, and education, among other things.
Today, businesses across industries face difficulties in keeping track of their workforce’s skills and capabilities, leading to missed opportunities, wasted resources, and mismatched project assignments.
In a dynamic global skills landscape where job descriptions are ever-evolving, many organizations think their talent pool is scarce on skills. It’s because they lack visibility into their workforce’s knowledge, skills, and abilities.
Employees today want more opportunities to learn and grow within their companies. So, filling a position internally must be easy, right? But how does an employee know about available opportunities, and how does a company sift for a resource internally before making costly external hiring choices.
