If talent management is effective in a firm, it is most likely that_____.
A) the voluntary turnover among the high potential employees will be essentially zero
B) the organization will not have to use the external labor market except in emergencies
C) the cost of labor in the firm will be lower than its direct competitors
D) the firm has a succession plan in place for all holders of critical jobs

Question

Quizplus · Accepted Answer

Talent management involves identifying and developing employees who have the potential to become future leaders and hold critical positions in the organization. One of the key components of talent management is succession planning, which involves identifying employees who can potentially fill critical positions in the future, and developing them to take on those roles when needed. If talent management is effective in a firm, it is most likely that the firm has a succession plan in place for all holders of critical jobs, ensuring that the organization is prepared for any changes in leadership and can continue to function smoothly.

If Talent Management Is Effective in a Firm, It Is