Resource and Talent Planning

Resource and Talent
Planning

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................4
P1 Examine current labour market trends that affect workforce planning & Talent
management............................................................................................................................4
P2: Explain the different types of legal requirements an organisation must take into account
when workforce planning.......................................................................................................5
TASK 2............................................................................................................................................7
P3 Current & Anticipated skills requirements with relation to organisational context..........7
TASK 3............................................................................................................................................8
P4 Produce appropriate examples of job description and person specification documents for
effective recruitment and selection.........................................................................................8
P5 Apply different recruitment and selection methods for effective talent resourcing and
planning................................................................................................................................10
TASK 4..........................................................................................................................................11
P6 Evaluate the stages of the HR life-cycle applied to specific HR contexts......................11
P7 Evaluate how stages of the HR life-cycle are integrated within organisational HR strategy.
..............................................................................................................................................12
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................14

INTRODUCTION
Resource & Talent planning plays an essential role in every organisation as it includes
identification of manpower required at workplace, develop networks, hire talented and skilled
employees, maintained healthy relations, keep records for future hiring and so on (Carbery and
Cross, 2015). In addition to this, it is basically a process to analyse as well as attract talented
people within the market so that a organisation can gain competitive edge which leads to
attainment of short term & long term of an association. In this current report, Argos Ltd. is
chosen as a base company. It is one of the retailing company in UK & Ireland. The company was
formulated in year 1972 and its head office is located at Buckinghamshire, England. Argos have
more than 880 shops which shows the company has high market presence. The present report
covers current trend of labour market which affect manpower planning & Talent management.
The various laws is discuss which an organisation adopted while managing its workforce. With
this, it covers various processes of recruitment as well as selection. Later, it discuss about Human
Resource life cycle along with its strategy.
TASK 1
P1 Examine current labour market trends that affect workforce planning & Talent management.
Work force planning is defined as a procedure of systematic identification & analysis of
needs of an organisation in terms of quality workforce so that objectives can be attained within
stipulated time frame in addition to this, it is basically putting the right employee on the right
place so that they can work with full potential and enhance productivity of company.
Talent is defined as a special often creative, athletic and artistic aptitude of a person, along
with this, it is the general intelligence and mental power which helps an individual to achieve
their common goal. Talent management is a systematic procedure of analysing the job vacant
position, recruiting the appropriate person, enhancing skills & expertise of an individual in order
to retain them for achieving business objective. Talent management plays vital role in an
organisation as it help in acquiring talent and retain them for longer time period that effect
positively on the productivity and profitability of an organisation.
Human Resource plays an essential function in every association as they build different
policies as well as plans for the manpower who is prevailing in an organisation. HR department
of a company made strategies with an aim to create positive relationship at workplace. They

synchronised various activities so that organisational vision, mission can be attained within the
specified time period. The process of attracting, developing. Retaining, motivating and hiring the
effective manpower for the organisation is referred as Talent Management (Hedayati Mehdiabadi
and Li, 2016). The higher authorities of Argos Ltd follows this process to recruit potential
candidate, to raise skills & knowledge of employees, to gain opportunities and to engage
employees for longer time frame.
Workforce planning refers to an activity which assist an organisation to adopt as well as
implement changes according to the environment and market trends. In addition to this, it
develops an understanding about industry challenges & market trends which assist in gaining
competitive edge and in long term sustainability of an entity.
Effect of strategic approach to HRM & Talent resourcing:
Strategic approach consist of series of activities which is carried out for proper
management of HR. The initial step of this system is Talent resource that involves formulation of
job description, performance appraisal, development of opportunities & selection process. The
aim to adopt strategic approach within an organisation is to place right candidate to the right
position. The management team of Argos creates coordination among all these activities with an
aim to enhance employee performance and to gain competitive edge within the market.
Every organisation identifies market trends and customer needs before making policies
and plans. Labour market refers to the place where an interaction takes place among the workers
& employees (Latukha, 2016). Herein, the company is searching for effective candidate & the
workers is looking for those job which satisfy them.
Labour market trends in UK & its effect on Human Resource processes
Every organisation is basically a part of an economy and execute its operations as per the
economic changes as well as trends. The economy of United Kingdom face fluctuation due to
BREXIT and also due to financial crisis. With the change in economic conditions, it directly
effects on the business activities of an organisation. The employment level goes down which
affect companies to attain their desired goals. Thus, it is important that the economy is always
remain stable which assist to gain competitive edge at marketplace. In context to Argos, the
company can adopt changes according to the changes take place in industries which will lead to
achievement of goals.
Demographics: