Resource and Talent Planning : PDF

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RESOURCE ANDTALENT PLANNING
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1...........................................................................................................................................1P1 Current labour market trends influencing talent management and workforce planning..1P2 Analysis of legal requirements considered by the organisation for workforce planning..2TASK 2.......................................................................................................................................4P3 Current and anticipated skills requirement for range of organisational example.............4TASK 3............................................................................................................................................5P4 Job description example and person specification example for effective recruitment andselection.................................................................................................................................5P5 Recruitment and selection method for effective talent resourcing and planning..............7TASK 4............................................................................................................................................7P6 Stages of HR life cycle for specific HR context...............................................................7P7 HR life cycle integrated within organisational HR strategy.............................................8CONCLUSION................................................................................................................................9REFERENCES.............................................................................................................................10
INTRODUCTIONResource and talent planning is a critical function which involves ensuring that theorganisation identifies and attract key people with the capability to create competitive advantage.It also helps in actively managing the balance between the resources available and the changingneeds. Resourcing and talent planning is not only concerned with recruiting people but it alsoinvolves succession planning, induction and redundancy execution. Company taken in thisproject report is Argos Ltd. Argos Ltd is one of the leading catalogue retailer in UK. It is asubsidiary company of sainsbury(Alfes and et. al., 2013).The company operates through physical shops as well as through online market. Thetopics covered in this project are current market trends influencing workforce planning, types oflegal requirements in the organisation, various recruitment and selection methods for effectivetalent planning and resourcing.TASK 1P1 Current labour market trends influencing talent management and workforce planning.Resource and talent planning is the function which includes coordination from therecruitment team and from other business aspects such as selection of proper hiring channel,delivery of resources, etc. This means resource planning ensures that the company is able toidentify and attract talented candidates from the market. Labour market is the physical marketwhere the employees and the workers communicate with each other. In labour market thecompany always try to hire best suitable candidates. So that they help in the growth of thecompany. The market trend of United Kingdom can be upward or downward depending upon thescenario. This is because fluctuations takes place in this type of market as the wage rate keeps onchanging which directly impact on the change of the wage rate(Armstrong and Taylor,2014).Talent management is hiring, retaining and developing the talented and skilled candidatesfrom the job market. The current market trend influences the talent management in anyorganisation. For example if the payroll is increased than Argos Ltd must hire talented andskilled people from the market which is a difficult task for the managers.Workforce planning is making strategies to hire best employees for the organisation. It isconsidered as one of the major task because hiring right people for right job will help in the1
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