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Human Resourcing and Talent Management Doc

   

Added on  2020-07-22

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Human Resources M.A/resourcing and talentmanagement

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Resource, talent and performance management strategies used by the organisation in tightlabour market..........................................................................................................................1Talent strategy........................................................................................................................4High performance cultural strategy........................................................................................6Strategic planning...................................................................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................11

INTRODUCTIONIn order to develop effective results, human resource and talent management play veryimportant role in the business. In this consideration, different people hiring towards the right jobso that aims and objectives of the enterprise completed. Strong management with policies andstrategies designing also integrated to underlying the system. Therefore, data also gathered tomake strategic business decisions (Chelladurai and Kerwin, 2017). In order to focus on thepresent report, it is based on the Marriott hotel which is one of the largest businesses in all overthe UK market. The company also providing different kinds of accommodation servicesprovided to increase systematic results. For gaining insight knowledge of the company, it coversthree factors such as talent strategy, cultural strategy and strategic planning. These strategies faceissues and challenges. In this way, talent strategy face issue of select right person at workplace.Furthermore, cultural strategy face problem of traditional cultural aspect which need to solve tomake effective work performances. At last, strategic planning consider issues in which issueoccur to implement right person at right time. MAIN BODYResource, talent and performance management strategies used by the organisation in tight labourmarketIn respect to find the several issues and problems that face in labour market, there aredifferent department are also expected to face the future. It is also important to transform labourmarket in several nations (Brewster, Mayrhofer and Morley, (2016). Following are certainfactors included in the transforming labour market:Changes in the composition in the economically active population.Demographic situations.Changes and modifications in rate of unemployment.Legal regulations and policies.Changes in the requirement of skills. Modifications in the requirement of skills.Economically active population consist effective functioning in the research with workingand actively development. In order to demonstrates the demographic situation in whichpopulation considered official emigration in 2010. In order to analysis the population, it is also1

demonstrates most important phenomena in which number of employees increasing theirparticipation (Pinto, 2015). Labour market define as availability of employment and labour in term of supply anddemand. This market take place where workers and employees interact with each other andemployers compete to hire the best person at workplace. Tight labour market consider in high demand where unemployment will be low. Thereare many unfilled job vacancies in UK where labour relatively high. In UK, in hospitalityindustry, this situation occur when more employees have no any job. In order to meet witheconomy approaches, it can be stated that it determine available products in the market. Loose labour market is a place where workers and employees interact with each other. Inthis aspect. Employers compete to hire the best and workers compete for best satisfying job. It isa economy functions with demand and supply so that it impact on firm's demand and laboursupply. In respect to reduce and prevent turnover in the tight labour market, there are severalways included that assists to meet with effective results. For instance, careful labour selection,company paternalism, etc. In addition to this, segmentation of labour market also assists tobalance product demand and labour supply. In respect to responding towards challenges of tight labour market, proper focus neededon recruitment. This is because, it considers particular interest of labour towards particular job.In this aspect, Marriott need to determine two way communication process so that responsesfrom each party consider regarding future development. Furthermore, challenges are also occurswhich could be solve through associated with restructure. In respect to provide recommendations, it can be stated that Marriott need to focus on jobopening and hires. With the help of job opening, relative hires are greater much than theopenings. In other consideration, small gap occurs so that comparing industries done withanalysis number of opening. The current UK labour market is facing challenges due its population who is not able towork for initial level work. More the organisation need manpower for the different task whichrequired the youth labour force. The economic condition of the nation is not appropriate for therecruitment industry due insufficient fund for the employees to pay high wages and salary. The2

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