By actively measuring and looking at data, HR can make more data-driven decisions. These decisions are often more objective, which makes it easier to find management support for decisions.
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Succession planning is often based on performance ratings and L&D efforts. This results in the creation of a talent pipeline. This is a pool of candidates who are qualified and ready to fill (senior) positions in case of someone leaving. Building and nurturing this pipeline is key to good people management.
Learning and development helps employees to reskill and upskill. Learning & Development (L&D) is led by HR and good policies can be very helpful in advancing the organization towards its long-term goals.
Once employees are on board, performance management becomes important. It involves helping people to become their best selves at work, boosting the company’s bottom line.