Assignment on Employee Talent and People Resourcing

Added on - 21 Apr 2020

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Running head: EMPLOYEE TALENT AND PEOPLE RESOURCINGCase of LGCName of the Student:Name of the University:Author’s Note:Date:
1EMPLOYEE TALENT AND PEOPLE RESOURCINGExecutive SummaryLGC is planning for expansion of both physical stores and online stores. The BREXIT and NLWhave made the present human resource scenario for LGC quite uncertain because after BREXITmost of the staffs of LGC plans to stay in the United Kingdom temporarily. The organizationalso requires change in the business process because of the changing needs of customers who arewilling to purchase cosmetics on online stores. The recruitment of sophisticated logisticsmanager is necessary for LGC. In this report, the importance of Labor Market Analysis toaddress the present human resource needs of LGC is analyzed. Also the short-term and long-termplanning methods and performance criteria used to access these planning methods are discussedin this report.
2EMPLOYEE TALENT AND PEOPLE RESOURCINGContentsIntroduction......................................................................................................................................3Discussion........................................................................................................................................31.1 The issues that LGC is facing................................................................................................31.2 Overview of the Labor Market and its importance................................................................42. Short Term and Long Term Planning Needs of LGC..................................................................42.1 The issues faced by LGC that would require planning by HR..............................................52.2 Importance for LGC to plan for these staffing needs that occur due to BREXIT, retirement......................................................................................................................................................52.3 Short-Term and Long-Term Planning Methods for LGC......................................................52.4 The performance criteria for short term planning..................................................................52.5 Importance of having right employee to improve performance, team work, job-satisfaction......................................................................................................................................................6Conclusion.......................................................................................................................................7Reference List..................................................................................................................................8
3EMPLOYEE TALENT AND PEOPLE RESOURCINGTask 1IntroductionLGC, a group of 20 cosmetics shop started its operation in London in the year 1964 as ashop run by family. Three generations of family members manage the business of LGC.However, the Managing Director of LGC retires and redeploys family members in case of poorperformance and wants all managers of the organization to be suitably qualified. LGC not onlyowns 20 physical shops in London but also an online shop which contributes to a largeproportion of sales for theorganization(lgcstandards.com 2017).Discussion1.1 The issues that LGC is facingi) The situation is quite uncertain for LGC at present. The organization is facing severalcritical issues. One of the prime issues that can be identified is the withdrawal of the UnitedKingdom from the European Union. LGC sources products from different countries across theglobe at cheap prices and leverages globalization. However, with BREXIT, the tariffs which areapplicable to imported goods become unclear. The BREXIT referendum has resulted in fall ofthe value of pound thus increasing the rate of supplies from overseas market to by 20%(Kierzenkowski et al., 2016).ii) There are a substantial proportion of staffs from the European Union countries who areemployed in the shops of LGC. These staffs plan to return to their home countries after stayingin the United Kingdom for one to two years. The cost of labor will be increased by theintroduction of the National Living Wage.
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