project

Strategic Resourcing
Project

Contents
INTRODUCTION...........................................................................................................................3
Task 1...............................................................................................................................................3
Impact of changing employment markets....................................................................................3
Issues in the macro environment which may impact the organisations ability to source staff....4
TASK 2............................................................................................................................................5
Critically assess issues connected with resourcing and talent management strategies................5
TASK 3............................................................................................................................................7
Critically analyse how your resourcing strategy deals with effective resourcing, efficiency, the
law and professionalism in resourcing........................................................................................7
TASK 4............................................................................................................................................8
How the organisation is/can undertake long and short-term talent planning. Provide evidence
of analysis of data concerning employee turnover and make recommendations for employee
retention.......................................................................................................................................8
CONCLUSION..............................................................................................................................10
REFERENCES................................................................................................................................1
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INTRODUCTION
Strategic resourcing is considered as primary activity of the strategic human resource
management which facilitates the organisation in ensuring that they have significant number of
personnel with which they can achieve their desired goals and objectives (Chaturvedi, 2016).
The strategic human resource management enables to focus on the strategic resourcing as with
this they integrate business and employees resourcing strategies. Further it ensures optimum
utilisation of the personnel as well as their development by trainings so that they can be retained
for long. With this the companies can take competitive advantage over others through effective
recruitment, selection and various retention policies. All these policies and strategies of strategic
resourcing developed the capabilities and competence of the employees with which adoption of
various changes within the organisation can be ensured. In this report the organisation that is
taken into consideration is Tesco which is a multinational company offering wide variety of
groceries and general merchandise products in various countries. This report includes the
analysis of the macro environment so that its impact on the sourcing of the staff can be analysed.
In addition to this the issues related with resourcing and talent management along with various
strategies are discussed on the basis of which various long-term and short-term plans are
formulated by the organisation.
Task 1
Impact of changing employment markets
The labour market is facing various reform with the passage of time as the structural
changes are taking place due to this high level of unemployment has been faced by the
economies that results to unfilled jobs, increasing productivity with stagnant wages etc. The
changes in the employment market has various impact such as:
 Shifting demographics and dynamic workforces: With the changes in the ages and the
declining birth rate of the employees a large number of people are available to the
companies. But the employers throughout the globe are experimenting various policies so
that they can appoint efficient staff as per their requirement (Charan, Barton and Carey,
2018).
 Technological Revolution: The technological change leads to reduced business cycle
and due to this the new working models has been incorporated within the business. This
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increases the requirement of significant trainings for the employees so that they can focus
on their creativity and achieve their task.
 Rise of Individual Choice: The mindset of the employees has been changing as they
were focussed to earn better but now the emphasis of the employees is towards their
learning and developing various skills, abilities and knowledge along with expertise. Due
to this planning of the organisation has to be done accordingly as they need to offer better
choice and flexibility to them. This enables the organisation to offer various growth
development opportunities.
The changes within the employment market affect the sources from where Tesco recruit
their employees. Internal and external recruitment is done by them due to which they have to
take into consideration the trends within the labour market and its influence on their strategies of
recruiting.
Internal recruitment: When the managers and leaders within Tesco undertake internal
recruitment then they need not to emphasise more on the changing employment as in this the
employees are promoted within the organisation. They better understand the culture and
workings of the organisation due to which the impact of changes in the technology, changes in
the choices on the individual and changes in demographics can be managed (Meagher, 2017).
External recruitment: Tesco also recruit employees within their organisation with the
help of the employment agencies, campus recruitment, directly attracting the talent through
various online job portals etc. and while attracting employees with such source they have to
taken into consideration the impact of such trends in the employment market. This is because
they are not aware of the opportunities within the organisation, technology and other cultural
dimensions. For this they need to introduce various training program so that they can be provided
the workplace ambience as per their expectations.
Issues in the macro environment which may impact the organisations ability to source staff
The UK labour market has been facing various fundamental changes as full time jobs
within the manufacturing segment have been declining. The current employment market within
the economy is more diverse as the people within the country have been employees on different
basis such as self-employment, part-time jobs, zero hour contacts etc. All this has given rise in
the service industry and due to this the Tesco need to ensure that they have better employees so
that they can manage the interest of the customers (Berger, Berger and Education, 2018). For this
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