Talent Pools Are Crucial For Effective Succession Planning In An Uncertain Labor Market, Says HR Research Firm McLean & Company

Succession Planning For Dynamics 365 Hr Fourvision

TORONTO, Sept. 9, 2022. /PRNewswire/ -- McLean & Company, a trusted partner for HR and leadership professionals around the world, has launched its latest research-based resource, Leverage Talent Pools, to support flexibility in succession planning. Succession planning plays an important role in overall business success as companies consider resource planning for the coming months making this release of industry resources very timely.

Use Talent Pools to Prepare for Planned and Unplanned Vacancies. (CNW Group/Mclean & Company)

While traditional succession planning is often viewed as ineffective in a fast-paced work environment, McLean & Company's industry resources aim to help organizations leverage talent pools to create role pools to develop cross-functional skills. for more effective planning in an uncertain climate.

Research shows that talent pools are a source of potential successors for specific role groups of more than two people. Groupings of important roles in a talent pool that require similar or comparable skills, such as: Items such as knowledge, skills, and attributes are referred to as role pools. In short, role groups can share a talent pool of potential successors who might be worthy candidates for group roles. "Succession planning has become a key business imperative that continues to support an organization's ability to retain and develop talent for critical roles at all levels," said Mardi Walker, executive advisor at McLean & Company. "Given the current uncertainties and challenges in the job market and in the economy, it is crucial that companies have a talent pool."

According to a study by McLean & Company, the approach must adapt to rapidly changing work and operational environments in order for companies to effectively and successfully plan for succession. Organizations need to build their talent pool internally to ensure key positions are filled with the best talent and to reduce vacancies, especially when recruitment efforts are particularly difficult. Leveraging talent pools and role groups expands opportunities for internal career mobility and increases employee retention.

“By leveraging talent pools effectively, companies can not only respond quickly to unexpected changes in the workforce, but also provide the development and growth opportunities that employees want and expect,” explains Walker.

McLean & Company research explains how talent pools can make succession planning more flexible and offer many benefits to organizations, including:

  • Database of Eligible Candidates . All talent pool members already meet the minimum skills and requirements for the role or role pool, resulting in more likely candidates.
  • Better Candidate Experience: A history of career goals, achievements, skills and achievements allows companies to personalize development opportunities for each employee. This increases employee awareness of future job prospects, builds engagement and increases loyalty.
  • Greater diversity, equality and inclusion: The talent pool offers more opportunities for different candidates and promotes DEI throughout the workforce. They also subvert traditional methods of applying the right criteria for a given position and allow for a broader view of talent.
  • Reduced hiring time: Instead of sifting through applications to find the right candidates, companies can quickly identify qualified talent from the talent pool and approach them directly.
  • Low hiring costs: Talent pools give companies access to a community of qualified and interested candidates. This saves resources normally allocated to posting jobs and external search operations.
  • Access to Potential Passive Recruits - Talent pool members are tailored to the needs of the organization and can be targeted in a more targeted and personal way.

    • Hiring managers can download new industry resources directly from McLean & Company. Use the talent pool to support flexibility in succession planning.

    To learn more about McLean & Company or to download the latest research, visit hr.mcleanco.com and connect on LinkedIn and Twitter.

    About McLean & Company

    Using data-backed insights and proven best practice, McLean & Company provides comprehensive resources and comprehensive assessments, action plans and training to position organizations to meet current and evolving needs and prepare for the future.

    McLean & Company is a division of Info-Tech Research Group.

    Media professionals can sign up through the ITRG Media Insiders program for software, human resources and IT research, as well as unlimited access to over 200 IT and industry analysts. To access, contact pr@mcleanco.com.

    Media Contact Kelsey King, Public Relations Manager Info-Tech Research Group kking@infotech.com | +1 (888) 670-8889 ext. 3476

    McLean & Company Logo (CNW Group/Mclean & Company)

    Cision See original content for download media: https://www.prnewswire.com/news-releases/talent-pools-are-crucial-for-effect-succession-planning-in-an-uncertain-labor-market-says - hr -forschungsunternehmen- mclean--company-301621341.html

    SOURCEEMclean & Company

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