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Talent Management Strategy of Vodafone

   

Added on  2020-01-23

15 Pages4862 Words547 Views
Managing Talent Assessment2

Table of ContentsINTRODUCTION...........................................................................................................................3TASK ..............................................................................................................................................31. Current talent management strategy........................................................................................32. Regulatory factors influencing HRM practises........................................................................43. Environmental factors affecting HRM practises......................................................................54. Identification and analysis core position within the organisation............................................65. Recommendation for improvements within the organisation..................................................96. Recommendation that how these strategies can be operationalised......................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12

INTRODUCTIONTalent management is an organisation commitment which includes recruitment;development and retail of talented people at workplace for achieve goals and objectives. It isvery useful element which demonstrates commitment to hire, manage and develop their value toattain outcomes and profitability (De Vos and Dries, 2013). In this context, present report isbased on Vodafone PLC which is the largest telecom services company of UK. They areproviding different types of services such as internet, calling, SMS recharge and many otheractivities which assist to make profitability at workplace. For gaining insight knowledge of thecompany present report covers talent management strategy which includes recruitment, selection,performance management and development of people within the organisation. Furthermore, itincludes regulatory factors which create impact on organisation and HRM practices. Moreover, itidentifies core position of the business to make effective results and performances. In addition tothis, it provides recommendations for the organisation to develop results and performances atworkplace. TASK 1. Current talent management strategyTalent management strategies are those techniques which help in organising and utilisingacquired talents or skills of employees effectively. Vodafone PLC is an organisation known forits efficiency in providing best in class telecommunications services. Talent management isessential for increasing productivity of organisation. It is the responsibility of Human ResourceManagement to strategically plan business activities for effective talent management (Tatoglu,Glaister and Demirbag, 2016). Recruitment, selection, performance management, incentives,rewards, training, diversity, equal opportunities, etc. are the basic functions which are involvedin talent management strategies. Vodafone has a complex recruitment and selection process. Thecompany uses multiple stages for hiring candidates that are qualified for respective positions. Organisational goals and objectives are accomplished when efficiency of candidatesmeets company requirements. Talent management strategies are developed in accordance withpotential requirements of recruitment and selection. Once, an applicant manages to pass all thebarriers and meet necessary requirements then HRM has to evaluate performance. This3

evaluation has to be regularly conducted to consider whether employees are working accordingto company’s performance standards (Al Ariss, Cascio and Paauwe, 2014). Vodafone providesrewards and incentives to employees and staff members who show extra-ordinary qualitiesduring their functioning in the company. It is important to understand that talent management hasrecruitment and selection as the foundational stage.Employee motivation is a factor that helps in developing possibilities of greater retentionand more willingness to handle work pressures. Rewards and incentives are two importantmethods of increasing employee motivation. Moreover, appraisals helps in making employeesbelieve that they hold great opportunities of development with the organisation. Talentmanagement strategy helps in handling all these factors and brings in more benefits for thecompany (Cascio and Boudreau, 2016). Amongst all the HRM practises talent management isconsidered as crucial because they help in undermining profitability capabilities of a company.Current talent management strategy of Vodafone is oriented with factors which focus towardsemployee motivation.The company analyses shifts that have taken place in employee expectations andmanages these through different activities like training and development, regular competitiveopportunities and elimination of discriminatory laws and principles. Every individual is givenchance of improvement and advancement on the basis of their skills and knowledge rather thanon any influence or other subjective basis. It can be stated that current strategies of Vodafone arequite relevant to the objectives which have been developed by company (De Vos and Dries,2013).Recruitment and Selection process of Vodafone:Following is the recruitment and selection process which is followed by Vodafone PLC:The company invites applications by placing advertisements on internet based websitesand newspapers i.e. in classified columns. Applications which have been acquired from this process are verified using differentsources of information. The shortlisted candidates are called for an interview.4

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