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What Is the Purpose of a Target Retirement Fund and Who

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What is the purpose of a Target Retirement fund and who would benefit from it?


Definitions:

Ranking Method

An evaluation process where jobs or employees are compared to each other and ranked based on a predetermined criterion.

Talent Management

“A systemic attraction, identification, development, engagement/retention, and deployment of those individuals with high potential who are of particular value to the organization.”

High Potential

Refers to individuals within an organization identified as having the capability and aspiration to hold successive leadership positions within the company.

Rating Scale

A scale that requires the rater to provide a subjective evaluation of an individual’s performance.

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