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Component: PA-TM
Component Name: Talent Management
Description: Process of finding, nominating, discussing, and if required, confirming possible talents of an enterprise. The talent review is performed by managers who, for example, assess their employees with regard to their potential and nominate them as talents. Talent management specialists are also involved, for example, they prepare and conduct the talent review meetings to discuss these talents.
Key Concepts: Talent review is a process in SAP's Talent Management component (PA-TM) that allows managers to assess and evaluate the performance of their employees. It is used to identify and develop the best talent within an organization, as well as to identify areas for improvement. The process involves setting goals, assessing performance, and providing feedback. How to use it: The talent review process begins with setting goals for each employee. These goals should be specific, measurable, achievable, relevant, and time-bound (SMART). Once the goals have been set, managers can assess the performance of their employees against these goals. This assessment should include both quantitative and qualitative measures. Finally, managers should provide feedback to their employees on their performance. Tips & Tricks: When setting goals for employees, it is important to ensure that they are realistic and achievable. Additionally, it is important to provide regular feedback throughout the process in order to ensure that employees are on track to meet their goals. Related Information: SAP's Talent Management component also includes other features such as succession planning, career development planning, and competency management. Additionally, SAP offers a range of tools and services to help organizations manage their talent review processes more effectively.