Resource and Talent Planning

Resource and Talent
Planning

Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Evaluation of current labour market trends that affect talent management & workforce
planning..................................................................................................................................3
P2 Different legal arrangements that is consider by an organisation while workforce planning
................................................................................................................................................6
TASK 2............................................................................................................................................7
P3. Current and anticipated skills requirements along with organisational example.............7
TASK 3............................................................................................................................................9
P4. Illustration of job description & individual specification................................................9
P5. Several applications of recruitment & selection............................................................10
TASK 4..........................................................................................................................................11
P6. Evaluation of various stages of Human Resource life cycle..........................................11
P7. Evaluation of stages of human resource life cycle integrated with organisational strategy
..............................................................................................................................................11
REFERENCES..............................................................................................................................14

INTRODUCTION
Talent planning is defined as anticipation of required human capital in a company &
planning to fulfil those needs in an effective manner. Resource and talent planning is one of the
most essential function that include coordination among the human resource manager and the
higher authorities of the organisation. It involve aspects such as choosing proper channel of
networking, maintaining of skilled staff members, forecasting of resources required in future. It
is basically a process to attract talent from the whole population that help company in increasing
productivity as well as profitability. It is important for an entity to recruit and select best
candidate for the organisation that aid company to achieve success in an effective manner. For
the present report, Argos Ltd. is taken into consideration. The company dealing in retail sector
and its headquarter is located at Buckinghamshire, England. The company was established in the
year 1972 and offer high quality consume goods in market. The report covers current labour
market trends that has influence on workforce planning. In addition to this, there is a discussion
about different types of legal requirements that is needed to be consider by company at the time
of workforce planning. The various recruitment & selection methods for effective talent planning
and resourcing is describe in the report. Later, the report covers human resource life cycle along
with the organisational human resource strategy.
TASK 1
P1 Evaluation of current labour market trends that affect talent management & workforce
planning
Human resource management plays an important role as it help an organisation to frame
effective policies and select the best candidate who has the ability to perform task in an effective
manner. One of the most essential role of HRM is to attract talent so that productivity or
efficiency of company increases in an effective manner (Vaiman, 2018). The another function of
HRM is to maintain effective relationship with all the staff members that assist in retaining the
for longer period and save the cost of hiring new candidate for the company. In addition to this,
the role of HR is to resolve conflicts and provide a positive working atmosphere to the
employees so that they can work with full potential and achieve goals within stipulated time
frame. With reference to Argos Ltd., its higher authorities and human resource manager adopt

current as well as latest market trends, which aid to gain an understanding about the skills of staff
members that leads to enhancement in productivity as well as performance of staff members.
Therefore, workforce planning is essential business function and activity in order to
maintain positive working environment. By the assistance of this, Argos limited is able to deal
with the challenges and attain competitive advantage at marketplace. In addition to this, it also
help company to sustain in market for longer time and gain higher growth as well as success.
About the company:
Argos Ltd. was established in the year 1972 and mainly deals in the retailing sector. The
company offer its product and service in more than 12 countries and have around 30,000 staff
members, which shows company has high market share and position as well. In addition to this,
Argos Ltd provide quality consumer goods that help company to strengthen its market position
and earn higher profits as well.
Current labour market trends
There are different types of labour that is skilled, unskilled and semiskilled as well. All
this labour work as per the instructions and according to their skill as well as knowledge. The
current labour market trends is given below:
Ageing Populations: The population is increasing day to day and the government of
United Kingdom is planning to recruit thin labour workforce within the coming 15 years due to
rapid ageing population. Therefore, it can pose a hiring issues in the coming future. In addition to
this, the pool of individual with effective skill and talent employees that belongs to developed
countries that is required to be hired. Moreover, there are many countries that will support &
encourage citizen in order to enhance their skills and knowledge as well.
Industry: In today’s world, fourth industrial revolution has lots of jobs & it is increasing
rapidly day-to-day. For example, there is decline in number of store sales rapidly. The industry is
changing rapidly and moving towards the technological advancements rapidly and effectively. In
addition to this, it enhance the company to increase productivity as well as profitability in an
effective and proper manner as well. Moreover, the company gain competitive advantage at
marketplace that leads to attainment of objectives within given period of time.
Strategic approaches of HRM and its affect:
It involve different set of actions, plans as well as policies, which are carried in order to
management of human resource effectively. In an organisation, there are various strategies is