Talent Review and Analytics process follows an organization’s performance management process (which is primarily focused on current employee performance) and is more focused on employee development and potential for the future. Talent analytics, generally speaking, is the application of statistics, technology, and expertise to large sets of people data which results in better decisions for an organization.
Performance management is a corporate management tool that helps managers monitor and evaluate employees' work. Performance management's goal is to create an environment where people can perform to the best of their abilities to produce the highest-quality work most efficiently and effectively.
Performance Management includes -
Talent Assessment and Review is an important aspect where the management or the leaders analyze different aspects of the talent management system. It includes
Workforce analytics is an algorithm-based model that is applied to employee data in order to provide Return-on-Investment (ROI) evidence for workforce-related decisions, as well as gain insight on future workforce planning. Workforce analytics are typically used in Talent Management where the focus is specifically on employee data.
Workforce Analytics include -