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Resource And Talent Planning : Assignment

   

Added on  2020-10-22

16 Pages4966 Words107 Views
Resource And TalentPlanning

Table of ContentsINTRODUCTION ..........................................................................................................................1ACTIVITY 1....................................................................................................................................1P1 Current labour market trends that influence talent management and workforce planning.1P2 Different types of legal requirements an organisation must take into account duringworkforce planning.................................................................................................................4ACTIVITY 2....................................................................................................................................5P3 Current labour market trends and legal requirements determine current and anticipatedskills requirements for a range of organisational examples...................................................5ACTIVITY 3....................................................................................................................................6P4 Appropriate examples of job description and person specification documents for effectiverecruitment and selection........................................................................................................6P5 Different recruitment and selection methods for effective talent resourcing and planning. 8ACTIVITY 4..................................................................................................................................10P6 Stages of the HR life-cycle applied to specific HR contexts..........................................10P7 Stages of the HR life-cycle are integrated within organisational HR strategy................11CONCLUSION .............................................................................................................................12REFERENCES..............................................................................................................................13

INTRODUCTION Resource and talent planning are two important factors for the success and growth of anorganisation. It is very essential for the enterprise to understand demand of skills requiredcurrently or in future. In addition, resourcing and talent planning is an effective function thatinvolves coordination and management from requirement team in different aspects likenetworking and selection of accurate hiring channel, maintain talent pool for future recruitmentetc. All this are essential for an organisation to enhance their growth and success easily(Rothwell and et. al., 2015). Main purpose of conducting this report is to analyse the importanceof resource and talent planning for the company. In this report, given organisation is Argoswhich is a British Catalogue retailer, headquartered in the UK and Ireland. It was founded in1972 by Richard Tompkins. This report is divided into different activities which includes labourmarket trends and legal requirement that impact on workforce planning of an enterprise.Requirement of anticipated and current skill in workforce is also described here. At last, stagesof human resource life-cycle are also determined which integrated within organisational HRstrategy. ACTIVITY 1P1 Current labour market trends that influence talent management and workforce planning.Talent management: It seeks to identify, attract, engage, develop, deploy and retainpersons who are considered particularly which is valuable to an enterprise. By managing talentstrategically, Argos can develop a high performance workplace, promote a learning organisationsand contribute to diversity management. For this, human resource professional widely known astalent management to be among their core priorities. Talent management is the use of anintegrated set of activities to ensure that theorganization attracts, retains, motivates and develops the talented people it needsnow and in the future (Armstrong, 2016).Workforce planning: It is introduced as an effective strategy used by managers toanticipate needs of labour and deploy employees most effectively, mainly with advanced HRtechnology (Cavanagh , 2017). In addition, it is a systematic analysis and identification of whatan enterprise is going to require in terms of type, size and quality of workforce to accomplish itsobjectives. 1

Current labour market trends: A labour market is identified as a place where employeesand workers interact with each other. In such market, managers compete to recruit the best, andthe employees compete for the foremost satisfying job. In addition to this, labour market isreferred as an economic function with accurate supply and demand of labour. There are differenttrends of current labour market, some are determined as under: Illustration 1: UK labour market statistics for August to October 2018(Source: UK labour market statistics for August to October 2018)In the above graph it show the employment, unemployment and economic inactive ratethat effect on workforce planning and talent management in direct manner. This effect theworking style and time period of employees (Cascio and Boudreau, 2016). Current labour trends involves health occupation, latest wage & salary regulations alongwith the medical benefits. In the Health occupation, there is the legal regulation which says aboutthe health & Medical care of an employee, related legislation to work on any issue related to thismatter. Argos Limited needs to look at the current legislation & issue related to the health &medical issue at the workplace. 2

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