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The Talent Life Cycle
Description
00:00
Welcome to the Oracle University Podcast, the first stop on your cloud journey. During this series of informative podcasts, we'll bring you foundational training on the most popular Oracle technologies. Let's get started.
00:26
Lois: Hey there! Welcome to the Oracle University Podcast. I'm Lois Houston, Director of Product Innovation and Go to Market Programs with Oracle University, and with me is Nikita Abraham, Principal Technical Editor.
Niki: Hi everyone! Last week, we spoke about the Reward Life Cycle, which is the fourth life cycle in the overall HCM Business Process, with our Cloud Delivery Lead Nigel Wiltshire. Nigel is back with us today to talk about the last life cycle, Talent.
00:55
Lois: We're wrapping up this discussion on HCM life cycles today so if you've just joined us, be sure to check out the prior episodes this season as you'll want to get the full picture of the entire HCM business process flow. Hi Nigel! Thanks for agreeing to pop in one last time (this season that is!) to take us through these HCM business process life cycles.
01:16
Nigel: Thank you for having me again.
Lois: So, let's get right down to business here. What is the Talent Life Cycle?
Nigel: The Talent Life Cycle contains all the processes that serve to manage and promote an employee's career growth.
Niki: And what are the processes that make up this life cycle?
01:30
Nigel: Well, Niki, there are four business processes that make up the Talent Life Cycle: Goal Setting to Performance, Talent Review to Succession, Career Planning to Development, and Employee Insight to Work Life Balance.
The Goal Setting to Performance process covers the two main aspects of Talent Management: Performance Goals and Performance Reviews.
01:50
Nigel: The second process, Talent Review to Succession, allows for managers to review the overall performance and potential of each of their employees. This is to ascertain how the employees are progressing through their career and whether there are any steps that need to be taken to address any challenges that the employee may be having with their performance and/or potential. And on the flip side of that, whether there are any actions or recommendations for career progression for their higher performing employees.
02:15
Nigel: Now the Career Planning to Development process centers around the career progression and opport