Performance management and talent management are often interchangeable terms in business. Performance management is a reflection of current of an employee's current performance whereas talent management focuses on future potential. Some organizations choose to keep these conversations separate and distinct, particularly during instances where merit increases are involved. Others opt to integrate these conversations, combining wins and opportunities with a forward-thinking mindset.
In our latest video, Matt Meuleners of FOCUS Training defines the differences between performance and potential, and discusses strategies and tools on how to define talent within your organization.
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