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Talent Management vs. Performance Management: What’s the Difference?

Extensis

Quick look: While the terms talent management and performance management are often used interchangeably, they play different (yet equally important) roles in a company’s human resource function. While the two terms may seem similar, they represent distinct approaches with unique objectives.

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HR Year-End Checklist: 10 Critical Areas to Assess

Extensis

Performance management As the year winds down, it’s the perfect time to prioritize performance management. Completing year-end performance reviews and setting future goals fosters growth, engagement, and alignment within a company. Employee engagement and culture Company culture is a hot topic, and for good reason.

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The Top 5 Employee Engagement Challenges That Government Agencies Face

Cornerstone On Demand

In light of this culture, HCM leaders must seek out innovative tools and leverage creative strategies such as incorporating job rotations, flexible work arrangements or mentorship programs to increase engagement and provide continuous training and development.

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How To Craft a Strategic Hiring Plan in 2025

Analytics in HR

Having launched the business in 1999 from a one-bedroom apartment, Salesforce is now a juggernaut boasting best-in-class software for eleven straight years and a team of over 80,000 employees. It’s strategically acquiring talent to fuel growth, innovation, and competitive advantage – and it all begins with a strategic hiring plan.

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How HR Can Create a Comprehensive Talent Strategy

Analytics in HR

The right talent management strategy can move beyond typical activities such as talent acquisition and performance management to managing talent relationships and creating a more diverse and inclusive talent system. Succession planning Succession planning is another important component of any talent strategy.

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HR Operations: 5 Proven Ways to Improve Any HR Team

Primalogik

While HR doesn’t personally conduct every performance review, it prepares managers to do so. HR should implement a system that streamlines performance reviews. This will ensure managers conduct them in an equitable way, using the same framework. . Analytics from these systems will help HR support employees.

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HR Functions: 10 Fundamentals for Every HR Professional

Primalogik

Performance management. HR should guide all supervisors on how to manage employees’ performance. By providing tools and advice, HR can make sure employees receive the right coaching. Performance management software will help managers evaluate progress, for instance. Succession planning.