The best replacement for talent management is succession planning.

The best alternatives to talent management are rated as following:
★★★★★  succession planning
★★★★★  performance management
★★★★  talent acquisition
★★★  organizational development
★★★  human capital management
★★  talent development
★★  talent agent
★  talent agency
★  employee development
  competentiemanagement
  leadership development

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talent management
succession planning
performance management