This report discusses the present workforce trends, legal arrangements, worker market trends, job description, and individual specification in resource and talent planning. It focuses on Argos Ltd, a catalogue retailer headquartered in Buckinghamshire, England.
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Resource and Talent Planning
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INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 P1.Evaluatepresentworkforcetrendswhichinfluenceworkforceplanningandtalent management............................................................................................................................3 P2. Various legal arrangements on company which consider workforce planning...............4 TASK 2............................................................................................................................................5 P3. Present worker market trends and legal requirements which include anticipated skills with an organisation........................................................................................................................5 TASK 3............................................................................................................................................7 P4. Illustration of job description and individual specification..............................................7 P5. Various applications of recruitment and selection...........................................................8 TASK 4............................................................................................................................................9 P7. Examine the stages of HR life-cycle within organization..............................................10 REFERENCES................................................................................................................................1
INTRODUCTION Resource and talent planning can be referred to as the act of workforce planning and management whereby new employees are recruited and given training to make them a part of the company. The following report is based on Argos Ltd which is a catalogue retailer headquartered within the confine of Buckinghamshire, England. The report includes labour trends along with laws to be followed by the company. Further, it includes stages of HR lifecycle. In addition to this, various method of recruiting and selecting candidates are covered. TASK 1 P1.Evaluatepresentworkforcetrendswhichinfluenceworkforceplanningandtalent management There are various labour trends that can be leveraged by a company to facilitate effective workforce planning and talent management. In this relation, the trends that can be explored by Argos are discussed beneath. Besides this, labour plan can be defined as a systematic course of action that is implemented for incorporation of changes in the strategies to meet the demands of altered workplace scenario. Thus, the labour trends that impact over workforce planning as well as talent management are discussed beneath:- Ageing Population:Many countries have been undergoing increment in its base of population.United Kingdom, Germany, United States and Japan have forecasted to hire thin labour force in the time of next 15 years owing to the fast ageing population of the employees. Thus, it may act as a recruitment challenge that can create difficulties in future context of time. Industry:Presently, fourth industrial revolution offers a number of computerised jobs. The store sales have over the course of time been replaced by streaming and moving services. This implies a change in supplying channel. Strategic approaches of Human Resource Management and its impact: Strategic approach to HRM encompasses plans, action and policies for effectively managing the workforce. It consists of processes like performance appraisal, job description, creation of opportunities and selection procedure. The main intent hereby is to place the right candidate at the right position on the right time. Such approaches tend to provide assistance to Argos in carrying out effective workforce planning and talent management. Human resource process and its impact in Economic composition:
The phenomenon of BREXIT has recently affected the economy of UK causing a financial crisis. In this relation, it is important for Argos to take strategic measures through which it can ensure its stability in such an instance. This will help the entity in acting as per the industrial changes for hiring candidates suitable for the vacancy within the company. P2. Various legal arrangements on company which consider workforce planning Laws and legislation need to be followed by each and every organisation which is a part of the economy. In this relation, there are some laws associated with workforce planning that are taken into consideration by Argos to ensure not getting involved in legal adversities. Such laws are discussed as follows:- Employment Rights Act, 1996 This act tends to regulate the labour within the confines of UK by providing them with certain rights. In this relation, Argos needs to ensure that they do not breach any of the employees’ rights such as paid leave, redundancy and dismissal and so on. Equality Act, 2010 Thisisalawthatprotectstheemployeesfromanykindofbias,prejudiceor discrimination done on any basis by making it mandatory for the organisation to treat every employee in an equal and fair manner. Thus, Argos follows this law and treats all employees working on same level of the organisation equally. Health and Safety at Work Act, 1974 This act is laid down with an aim of ensuring health, wellness and safety of employees at all times while at work premises. By providing a safe and healthy premise to employees, Argos maintains its goodwill within the market. Evaluation of worker demand and supply forecasting Thus, workforce planning is acknowledged to include creation and maintenance of potential labour pool for timely accomplishment of corporate goal. In this relation, it becomes important for Argos to take into account the labour demand and thereby undertake measure to fill the vacancy within the entity. As a result of this, entity can maintain a balance between labour supply and demand, thereby assigning right job to appropriate candidate. Further, through forecasting, entity can save unnecessary cost spent upon the selection of incompetent candidate. This will aid the company in attaining growth and development.
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TASK 2 P3. Present worker market trends and legal requirements which include anticipated skills with an organisation Human capital is regarded to be crucial for each and every company. It is essential for every company such as Argos to carry out examination and analysis of workforce for inflating skill set and knowledge base of the employees in a timely manner. Methods of Job analysis Interview Method:As per this, the HR manager of Argos can make enquiries to candidatesin relationto theirexpectation,work performanceand issues being faced by employees within the company. Observation Method:Hereby, the HR manager needs to carry out observation and analysis of performance of employees through the employment of effective tools and techniques likecritical incident technique, direct observation and work method analysis. Questionnaire Method:Questionnaire is developed by the top management and sent to employees in order to gain knowledge of their views and opinions upon certain aspects. Through this, Argos is able to create an atmosphere whereby the employees can work by utilising their full potential for the accomplishment of individual and corporate goal. Methods of collecting data and information Primary Method-In this type of method, information is collect first hand by the investigator. This includes questionnaire, interview and survey for collection of information related to the employees. Secondary Method-This is a method whereby information is gained from published sources or through the investigation already carried out by anyone else. It includes feedbacks, official magazine, existent files and so on, that contain data related to employees. Job Design Alsoknownasworkdesign,itisassociatedwithseveralmethods,contentand developmentofrelationamongthejobaspeerindividual,technological,socialand organisational requirements. Argos makes use of this method for increasing the job satisfaction derived by the employees.
To identify skills and abilities of employees in context to succession planning Succession planning can be referred to as the process whereby an entity examines potential candidates for the purpose of fulfilment of job vacancies within the confines of the company. Hereby, the experienced workers replace the retired and promoted ones. Therefore, it becomes essential for Argos to carry out effective succession planning for increment of organisational productivity level as a result of replacement of inefficient employees with the efficient ones. In this relation, the skill set and knowledge base for talent management and workforce planning are given beneath:- Current Skills- Communication skill: Communication is central to each and every organisation running as a part of an economy. In this relation, the HR manager needs to have sound communication skills in order to set interaction with the employees. The HR manager needs of Argos need to have effective oral and verbal communication skills for circulating or deriving important information to or from the employees working within the company. This will facilitate the development of a premise whereby the workforce can freely talk about the issues being faced by them. The absence of communication skills may result in emergence of conflicts affecting the corporate productivity. Anticipated Skills Change management: The progression of technology makes it crucial for the company to meet the changes taking place in the business environment of a company. Therefore, it important for HR manager to create an environment whereby employees can easily adopt changes within the confines of Argos. Present skill Requirement in ASDA: There are certain essential skill requirements according to the present scenario in ASDA. Such there is requirement to developconflict managementandcoordination skillsfor the purpose of managing various activities that are assigned by the team leader. there is also Requirement to ensure that there are proper conflict management scenario so that if any type of conflict occurs while performing functions then it can be solved internally and does not affects the functioning of organisation.
Anticipated skills: There is Requirement that in the future period of time employee’sdecision making skills. So that they are able to make timely effective decision that are crucial for the working of organisation. In ASDA there is following up of democratic and participative style of leadership that is helping employees in increasing their level of participation and take part in making timely decisions.
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TASK 3 P4. Illustration of job description and individual specification Person Specification for the post of a marketing manager Individual Specification Post:Marketing manager Department:Marketing AttributesEssentialDesirable Experience & QualificationGraduationwith specialisationin marketing Experience of 1 year in field of marketing. Morethanoneyear experienceas marketing manager Havingadequate experience of handling and leading teams Skills or knowledgeStrong researching, predicting and analytical skills Basicsoftwareskillsand knowledge Individual Specification Post:Accountant Department:Accounting AttributesEssentialDesirable Experience & QualificationIndividual with the degree of Chartered accountant in Wales andEnglandalongwiththe Havingexperiencein department of accounting with 4yearsinadditionwith
experienceofmaximum3 years in a reputated accounting firm. certified membership. Skills or knowledgeImportanttohaveanalytical and presentation skill. Essential to posses basic set of knowledgerelatedto accounting and MS-Excel. Job Description Job Details Post: Accountant Company: Argos Ltd. Job Purpose Record maintenance of daily transaction and further report the same to head office. Along with this responsibility to conduct internal audit as to evaluate errors and omissions Responsibilities and roles Efficientdeterminationofmisappropriateof funds, guideto mismanagementand internal control Evaluation of organisation financial positions along with latest prevailing trends in forecasts for budget Job Description Company: Argos Ltd. Job Details Post: Marketing manager
Company: Argos Ltd. Job Purpose To promote company along with its services and products effectively in order to ensure long- term sustainability in respective industrial segment. Roles & Responsibilities Development of strategies related to promotion of organisation along with its services and products. Development of ideas related to marketing campaigns with the help of innovative ideas and techniques. To formulate attractive and valuable content for organisation blog and website in order to influence attention of large talent groups. Develop strategic relationship of organisation with industry players, partners, agencies, employees, customers, vendors in order to facilitate organisational growth. P5. Various applications of recruitment and selection Theredifferent type of selection approaches of internal and external recruitment through which HR manager of Argosselect suitable employees Internal Recruitment: This mode of recruitment and selection aid HR manager of respective organisation to provide significant job opportunity to employees those who are already working in entity, they further get selected for a suitable post through written examination that are further being followed by group discussion and interview (Alexander, 2018). This benefits entity to save their unnecessary cost and time. Internal sources of recruitment: Promotion: It is the method where internal sources of recruitment can be used when employee can be promoted according to their highest kills for the higher position of organisation. In ASDA that can be used when employees have to be motivated and there are competent employees to possess higher amount of skills and can deal with high responsibilities & duties. External Recruitment:
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In this method HR manager of Argos hire suitable candidates from outside of organisation. In this appropriate recruitment and selection process is being undertaken as to attract and invite candidates who are having innovative skills, talent, specialisation and experience. Interview:With the help of this method HR manager ask certain set of questionsto individual.It includes different type of question that is being during asked by HR manager through which candidate get selected from certain job positioning(Oseghale and et. al., 2018).In entity this method is undertaking in order to evaluate confidence and analytical skills of selected candidates. Written Test:It ismost essential external recruitment selection method through which Argosexamine efficiency,performanceandintelligence of the candidates who have applied for a certain job role.In there is technical,maths and reasoning question is being asked. TASK 4 P6.Examine various stages of HR life-cycle There is different type of stages in HR lifecycle, HR of respective entity conduct their operations with the assistance of this systematic approach in order to provide better workplace environment to their workers. Selection and Recruitment: In this function of HR life cycle HR manager engage in the process of collecting resume and CV of candidates those who have applied for the job role (Pandita and Ray, 2018). They are attracted with the medium of advertisement; interview and GD. With the help of this HR can effectively higher potential candidates for vacant job position. InthisstagehumanresourcemanagersinASDAidentifyingallthesourcesof recruitment and then selection of candidates will start after there has been proper scrutiny of the competent candidates and the relevant candidates will be rejected at this particular stage. Orientation: In this HR manager made effective strategies and planning in order to provide significant opportunities to employees by evaluating their personal and professional aspects of each and every employee and further accomplish them by offering effective training and development
courses as to encourage them to perform better.After employee has been selected in the organisation for the purpose of making employees feel comfortable there is an orientation session in ASDA. Career planning and performance management: This stage acts as process related to evaluating potential employee’s performance in order to replace them with those who have inefficient working (Thunnissen and et. al., 2013). It allows entity to maximise their work productivity at a great extent. After there has been a certain period of time for employee working in ASDA there are efforts made to enhance and increase the present skill level of employees by planning their career development opportunities. Succession Planning: It is the essential stages in HR life cycle in which are Argos HR manager is having significant responsibility in which they are responsible to conduct the process of entry and exit of an employee in order to increase organisational for force power. There succession planning in ASDA there is responsibility of HR manager to plan all the succession related opportunities in coming future period of time for their overall workforce. Exit: In this, HR manager of respective company offer better opportunities comparative to other organisations in respective industrial segment.After there has been successful completion of a tenure employees may willing switch to another job opportunity in ASDA. HR managers must make efforts to reduce and minimize the employee turnover. P7. Examine the stages of HR life-cycle within organization In this HR manager of Argos conduct most important function of converting above- mentioned stages into action in order to align all the stages in effective manner that further lead entity to fulfil their company objectives.
First stage: It is the initial stage in which human resource manager engage in the operation related to formulating effective plan strategy and procedures for selection and recruitment process in order to select skilled talented potential and effective candidates for the workforce. Efforts are made by human Resource Department to latest strategy to identify the sources from where competent individuals can be identified and made to apply for various available vacancies. Second stage: It is the most important stage in which respective organisation HR has responsibility to make each and every newly hired employee aware with the organisation objective, mission, goals and objectives along with their role in work place of entertain (Tansley and et. al., 2013). In addition to this respective entity HR manager also make sure that all the employees are effectively aware with entity guidelines in order to accomplish their objectives for betterment of organisation. At the second stage in ASDA human resource managers plan a strategy to ensure that employees are feeling comfortable and they are willing to make higher contribution. Third Stage: In this stage performance of employees are evaluated in an effective manner through which HR manager develop planning in context with operating efficient development and training courses to them in order to increase their skill and efficiency as to increase the productivity for organisation profitability (Stredwick, 2013). In the third stage ASDA, human resource department how to formulate strategy for the purpose of organising training programs like on the job training or off the job training according to suitability of employees. Fourth Stage: In fourth stage formulation of practices and policies are done in the favour of employees, Along with this Argos manager also develop policies for retaining employees for long period of time. In this they provide report and certification to employees as per according to their performance. It help entity do to increase employee engagement in organisation and ensure their loyalty in an effective way.In this stage, managers in ASDA will use motivation theory like
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Maslow needs hierarchy theory for process of identifying the stage at which their employees are present and according to it planning certain motivation strategies. Last Stage: It is the last stage of HR life cycle in which HR manager of Argos engage in the operations relating to hold efficient database for their employees (Sparrow and et. al., 2015). It is done to maintain information of employees in an effective manner that further help HR individual to fulfil responsibility of their role in the time of termination and resignation as to ease this process as save unnecessary wastage of time for both employees and entity. In ASDA that they are having a database of the entire competent candidate in future if there are some vacant positions and employees have left the organisation they can be approached by offering them higher compensation CONCLUSION As per the above mentioned report it has been concluded that resource and talent planning is an essential aspect that allow organisation to efficiently manage requirement of their workforce. In this they also select and recruit potential, skilled and efficient candidates in order to increase overall working productivity and accomplish company goals in a well-defined manner. In order to maintain employees rights there are different type of legislation and laws through which HR manager can protect right of every individual and can furtherprovide them positive workplace environment. In addition to this with the assistance of different job analysis method HR manager evaluate performance of every employee and further provide them training and development courses in order to maximize their performance through which entity enhance their market stability and long-term sustainability.
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