Labour Market Trends and Legal Requirements in Workforce Planning

Resource and Talent
Planning

Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
TASK 1............................................................................................................................................4
P1 Analyse current labour market trends that influence talent management and workforce
planning..................................................................................................................................4
P2. Explain the different types of legal requirements an organisation must take into account
when workforce planning.......................................................................................................6
M1 Analyse the impact of labour market trends and legal requirements on the workforce
planning of a specific organisation.........................................................................................7
TASK 2............................................................................................................................................8
P3 Based on current labour market trends and legal requirements determine current and
anticipated skills requirements for a range of organizational examples.................................8
M2. Analyse current and anticipated skills requirements in response to identified labour
market trends and legal requirements for a range of organisational examples......................9
D1 Critically analyse the impact of labour market trends and skills requirements on workforce
planning and make appropriate recommendations for effective response to supply and demand
forecasts, succession planning and performance management..............................................9
TASK 3..........................................................................................................................................10
P4. Produce appropriate examples of job description and person specification documents 10
for effective recruitment and selection.................................................................................10
P5 Apply different recruitment and selection methods for effective talent resourcing and. 13
planning................................................................................................................................13
M3 Evaluate how effective different processes and methods of recruitment and selection are
for talent resourcing..............................................................................................................14
TASK 4..........................................................................................................................................15
P6 Evaluate the stages of the HR life-cycle applied to specific HR contexts......................15

P7 Evaluate how stages of the HR life-cycle are integrated within organisational HR strategy
..............................................................................................................................................16
M4 Evaluate the importance of the HR life cycle in relation to strategic talent management17
D3 Critically evaluate how stages of the HR life-cycle can be applied separately and
integrated to support strategic talent management...............................................................17
CONCLUSION..............................................................................................................................18
REFERENCES..............................................................................................................................19
Books and Journals...............................................................................................................19

INTRODUCTION
Talent management is one of the strategies that are adopted by the Human Resource
manager of an organisation as it helps in retaking the loyal employees of the organisation. It is
vital to know about the employees and motivate them towards work so as to achieve the goals
and objectives in an effective way (Owolabi, T. and Adeosun, O., 2021). In this report Greggs
plc is taken into consideration it is part of FTSE Group. The company is a British bakery chain
and the specialised products are sausage rolls, akes, sweet and sandwiches items including
doughnuts and vanilla slices. The company has its headquarters in England. There were around
19000 employees as per the records of 2020. In this report there is discussion related to labour
market trends that help in workforce planning. The laws that help in workforce planning are also
discussed in this report. There is requirement of skills that are required for the employees are
also mentioned in this report. The impact of these trends on the demand and supply of employees
is also part of this report. There are examples of job specification and job design for effective
selection and recruitment. The various stages of HR-life cycle is also discussed in this report.
There is discussion related to HR-Life cycle are integrated with HR Strategy.
MAIN BODY
TASK 1
P1 Analyse current labour market trends that influence talent management and workforce
planning.
Talent management is one of the important functions that help to understand the
employees, as well as train them to motivate them towards work. It also helps in retaining the
employees for long term in the organisation. Workforce planning is vital part of the talent
management. Workforce planning is a process analysing, forecasting and analysing the demand
and supply of the workforce. It helps to arrange the right people at right place at right time. It is
important to manage the workforce as all the work in the organisation is done by the staff of the
company (Fenech, Baguant and Ivanov, 2019. In relation to Human Resource Manager of
Greggs plc the conduct a proper workforce planning as there various number of employees that
work in the organisation. They take care of need and demand of the workers in the organisation
and then arrange the supply of employees. It is one of the vital processes that are done by the HR
of company It is important to note that there are various trends in the labour market that