What is talent pool in SAP LOD-SF-SCM - Succession Management?

SAP Term: talent pool

• Component: LOD-SF-SCM

• Component Name: Succession Management

• Description: A group of employees that may receive special consideration when a successor is being sought. &Example& A "high potential" pool, meaning a group of employees who are slated for promotion and may be eligible for leadership training or other special programs.

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• Key Concepts: 
  Talent pool is a feature of SAP Succession Management that allows organizations to identify and track potential successors for key positions. It is a collection of employees who have the skills and experience necessary to fill a particular role. Talent pools can be used to identify potential successors for executive roles, as well as for other positions within the organization. 
  
  How to use it: 
  Organizations can create talent pools by selecting employees from their existing employee database. The selection criteria can be based on skills, experience, and other criteria that are relevant to the position. Once the talent pool is created, organizations can use it to identify potential successors for key positions. They can also use it to track the progress of employees in the talent pool and assess their readiness for promotion. 
  
  Tips & Tricks: 
  When creating a talent pool, it is important to ensure that the selection criteria are relevant to the position. It is also important to regularly review and update the talent pool to ensure that it remains up-to-date with the latest skills and experience of employees. 
  
  Related Information: 
  SAP Succession Management also includes features such as succession planning, career development, and performance management. These features can be used in conjunction with talent pools to ensure that organizations have a comprehensive approach to identifying and developing potential successors for key positions.