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Glossary of Talent Management Terms

3
A B C E L P S T
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Records found: 13

3

360 Review
360-degree feedback, also known as multi-rater feedback, multisource feedback, or multisource assessment, is feedback that comes from all around an employee. "360" refers to the 360 degrees in a circle, with an individual figuratively in…

A

Analytics
Views of existing data designed to help decision makers consistently obtain optimal decisions.

B

Business intelligence
Computer-based techniques used in identifying, extracting and analyzing business data. Business intelligence aims to support better business decision-making.

C

Corporate performance management (CPM)
Set of management and analytic processes that enable the management of a company or organization's performance to achieve pre-defined goals.

E

Enterprise performance management (EPM)

L

Learning Management System
A learning management system (LMS) is a software application for the administration, documentation, tracking, and reporting of training programs, classroom and online events, e-learning programs, and training content.

P

People Resource Planning (PRP) ™
Connects people strategies, business strategies and data across your enterprise by orchestrating the convergence of all critical human capital functions.
Performance Management
The area of business intelligence involved with monitoring and managing an organization's performance, according to key performance indicators (KPIs) such as revenue, return on investment (ROI), overhead, and operational costs. See also:…

S

Strategic planning
A company or organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy.
Stretch Goal
A goal that cannot be achieved by small improvements but requires extending oneself to the limit to be actualized. Used to inspire longer term innovation processes aimed at making desirable outcomes, that are currently impossible, achievable at some…
Succession Management
Succession Management is making provisions for the development, replacement and strategic application of key people over time, and requires the identification of the organization’s values, mission, and strategic plans. It is a proactive approach…
Succession Planning
Process for identifying and developing internal people with potential to fill key business leadership or critical individual contributor positions in the company. Succession planning increases the availability of experienced and capable employees…

T

Talent Management
Talent management is the integrated process of ensuring that a company or organization has a continuous supply of highly productive individuals in the right job, at the right time.
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