1. Talent Management and Succession Planning

Talent management is the process of attracting, developing, and retaining skilled employees to meet an organization's needs. It ensures that the right people are in the right roles and are equipped to succeed. Succession planning is an essential part of this, focusing on identifying and preparing future leaders within the company, so that when key positions become vacant, there are capable individuals ready to step in. Together, these practices help organizations maintain a strong workforce and ensure long-term success by fostering talent and leadership from within.