Topic > Succession Planning and Talent Management Case Studies

Those who fall into this category also help those in the middle acquire additional skills” (NCHL, 2010). VIRTUA differentiated its company's strategies from those of others through an evaluation system that involved supervisors, nurses and managers interacting with all employees as an entire company, rather than with individual sectors of the organization. The succession planning strategy and management talent strategy engage in an annual talent refinement and reconstruction system, called "Best People Review (BPR). Every year, 500 managers select the right candidates for the right position. The BPR provides incentives to the workforce, based on demonstrated values ​​and performance. The program is able to support their key talents while building positive criticism to increase areas of need and improvement for each employee Talent management is defined by the Five STAR program in which managers “begin a process of cascading, aligning and translating these imperatives into clear objectives and SMART (specific, measurable, attainable, realistic and timely) objectives that specifically relate to each of the five STAR points” (NCHL) programs establish and refine objectives, establish accountability and increase company objectives in correlation with the potential of each employee. The principles of succession planning and talent management strategy are to review and evaluate key talent to drive innovation and advancement in their careers. Principles, practices and