Current Talent Management Strategy at Aviva: Recruitment, Selection, Performance Management, and more

Human Resource

Table of Contents
INTRODUCTION...........................................................................................................................3
PART 1............................................................................................................................................3
Task 1. Identify the firm’s current talent management strategy......................................................3
Business Strategy and HR Strategy:.......................................................................................3
Recruitment, including recruitment channels:........................................................................4
Selection Methods:.................................................................................................................4
Performance Management:.....................................................................................................5
Reward Management:.............................................................................................................5
Training and Development:....................................................................................................5
Equality and Diversity Policy:................................................................................................6
Task 2. Gender Pay Gap Reporting.................................................................................................6
Task 3. Environmental factors impacting the HRM practices.........................................................7
PART 2 :..........................................................................................................................................8
A. Report................................................................................................................................8
Recommendation that address the gap...................................................................................8
Solution based on academic research and practice.................................................................8
Implement of recommendation...............................................................................................9
B. Podcast............................................................................................................................10
CONCLUSION..............................................................................................................................11
REFERENCE.................................................................................................................................11

INTRODUCTION
Talent management refers to the process of human resource for attracting and hiring
candidates to the organisation. Their aim is to improve and develop the business performance for
long term. It is considered as the most important part of an organisation as they helps in engaging
and maximizing the value of the employees. Aviva is taken as the base company. Aviva is a
multinational insurance company which deals in providing life insurance, pensions and general
insurance to the people. This company was formed by the two insurance companies and
established itself in 2000 and catering their services across the globe. This report has two parts in
which one part covers the current talent management strategy that the organisation is using,
gender pay gap and identifying the environmental factors that impact the HRM practices. The
second part includes recommendation which helps the organisation in addressing the gap and
podcast for summarizing the same. In context to the selected company, they uses various talent
management strategies for their employee which are mentioned below-
PART 1
Task 1. Identify the firm’s current talent management strategy
Talent management is considered as hiring people nurturing them for long term (Bayraktar
and et. al., 2018). The human resources apply various talent management strategies to plan and
optimize the performance of all the employees in the organisations. In context to the selected
company, the various talent management' strategies are mentioned below-
Business Strategy and HR Strategy:
Business strategy is considered as the planning and creating the competitive advantage for
achieving the goals and mission of the organisation. And this can be achieved by aligning the
businesses strategies to the all the different departments of the organisation. In context to Aviva,
human resource department is one of the important departments of an organisation as it deals
with all the employees and their contribution towards the organisation (Bharti, 2017). HR
department affects the areas of performance management, training and development, employee
retention and many more which helps and develop employees to work for achieving the mission
of the organisation.

Recruitment, including recruitment channels:
Recruitment is the process of attracting, interviewing and hiring the candidate of the right
position in the organisation (Burke and Hughes, 2018). In context to the selected firm, it is
considered as an activity for bring those people who are seeking for job with the help of various
sources which are available in the market that are mentioned below:
Internal source: Internal source of recruitment is the process of hiring people
within the organisation. The selected company uses various sources of internal recruitment such
as transfers, promotion and employees referrals. The company overviews all the employee's
performance and then decides whim to promote.
External source: It is process of hiring of employees outside the organisation who
are seeking for jobs. The human resource manager of Aviva post vacancies on different online
and offline platform for people to apply which are mentioned below:
Campus placements: Aviva is collaborated with different educational institutes where
they conduct the recruitment process for hiring the right candidate from the institutes.
Placement agencies: These are considered as a middleman between recruiter and recruit as they
helps Aviva in hiring middle level and top level executives to them.
Selection Methods:
Selection is the selecting the right candidate by analysing all the skills and knowledge
from a pool of people for the organisation (Chullen and Rowe, 2018). The selected company
uses various types of methods for selecting the candidate which are mentioned below:
Personal interview: Personal interview is also known as face to face interview in
which the interviewer asks different questions related to the skills and knowledge and the job
they applied. It helps interviewer to analyse the behaviour and body language of the candidate.
Telephonic interview: This interview process held on call where the interviewer
takes interview of the candidate. It is considered as the simplest and quickest interview process.