Talent pools are groups of employees who are being trained and developed to assume greater responsibilities within the organization. Often, but not always, they have been identified as high-performing and high-potential individuals. Talent pools allow organizations to develop employees in areas that align with company competencies and values instead of focusing on developing specific position skills. This allows talent pools to address the biggest challenge with succession planning, which is telling individuals they're part of the plan. Organizations can communicate to a group, "You're the future of the company," instead of telling an individual, "You are our next chief marketing officer."
Performance management
Performance management is a whole work system that begins when a job is defined as needed. It ends when an employee leaves your organization. Performance management defines your interaction with an employee at every step of the way in between these major life cycle occurrences. Performance management makes every interaction opportunity with an employee into a learning occasion. For more information and details check the link below thanks https://www.thebalancecareers.com/performance-management-1918226
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