INTRODUCTION Resource planning are considering the crucial successfactor for every organization. With proper planning, Human Resource Department provides right talent at correct time with appropriate skills to meet the desired goals of a company. The present report dealt with legal requirements and current labor market trend. The client is a small retail store named Nisa in UK where 213 employees are working and its yearly turnover is around£20 million. As per changing taste and trend of customers, the company also develops its product accordingly. The report help to understand the current trends of labor market and appropriate legal requirements which influence workforce planning in order to meet desired goals and objectives of an organization It also determinespresent skills that are required by a company.Report help us to know how human resource life cycle manages the human resource strategy. TASK 1 P1. Current labour market trend that influence talent management and workforce planning As per the data available, current market trend of labor increases year by year.In UK, the number of unemployed people are decreases from last many years and people also explore their own talent in market.In context of Nisa, there were about 200 people are engaged in a business but now 213people are added in order to serve customers (Bartlett, 2018). There were about 32.38 million people that were employed in United Kingdom and from last year, around 1, 46,000 more people add in business. Nisa select those people who have management skills and can serve all types of customers in their best way. Therate of unemployment was down about 0.3 percentthis proves that labor market trend increases. The positive employment growth in UK shows growth in GDP of market. Because of changing demographics, employers will need more people to employ; in recent coming years, overall labor supply is expected to fall and increase in proportion old workers who work only for few hours. As per the data available, people aged from 16 to 64 years was 75 percent higher than earlier data available.
According to this, it has been interpret that, the current labor market of UK are increases such that the rate of unemployment decreases and people explore their talent in market by joining jobs. From 2001 to 2018 the rate decreases which shows in figure. Wage growth of labor is also slightly increases from last many years. Nisa pay wages according to work done by employees. If an employee stays late in a company companypays overtime and provide incentives on their extra work achievements. Latest data shows that an average earning for employees increased by 2.8 percent which excludes bonus as compared to last year. With continuous increase in labor market trend in UK, it definitely influences workforce planning and talent management by showing their extra skills and talent. The employees of Nisa perform their work extra ordinary and that is how a company creates its brand image in a country (Holm and Haahr, 2018). The national institute of UK analyzes that economy of UK grew only 0.2 percent from last three months and this is because there is slightly change in the rate of unemployment rate. In every three months, the UK government release new job work place for those workers who are unemployed so that it will help in rise of GDP. Nisa also recruit new people in order to examine the management skills and their talent which may influence to attract number of customers and help to maximize profit as well as sell. Illustration1: Labor market trend of UK
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P2. Different types of legal requirements While workforce planning, there are different types of legal legislationwhich are mention below: Equal Pay Act, 1963:under this act, fair labor pay should be given to every employee who works for a company and there should be extra wages given to those employees who work extra for a company after his actual duty hours.Equal Pay Act also forbid favoritism depends upon sex, eld and gender. Civil Right Act of 1964:this act deals with maintaining good and healthy relations with employees. This act protects illegal discrimination from race, caste, color, religion, sex, origin, physical disability and employees over 40. This act force torecord keeping and reporting on requirement of employees (Legal legislation,2018). These records include documents related to selection, promotions, benefits, training, increments and compensation. Age Discrimination in Employment Act of 1967:the act forbid social control against those worker whose age is more than 39and who face difficulties inhiring, promotion, discharge and retirement. Employees who are above 65 may be subjected to retirement if they were in position of at least two years before the retirement. Fair Credit Reporting Act of 1970:this type of act helps to use credit facility to all employees. Under this act consumer agencies are person or type of business who paid a fee to report the information to the third parties. The most common use of credit reporting act is to take credit reports of current employees (Gardner, 2018). Equal employment opportunities:this act committed that equal opportunities should be provided in workforce to all employees. Under this act, a protected class is a group of people who have common characteristics and are protected from all types of discrimination and harassment on the basis of caste, gender and religion. At workplace, there should not be any unlawful discrimination which affect person troughphysically or mentally. If harassment is done in any workplace, the media and court cases coverage lot of things in this particular topic. M1
thelabor market trend in UK is continuously increases. The employment opportunity is increases from last many years and government also release some job offers to those who are not employed from many times. The present or current market labor trend affects GDP of UK in positive manner and the demand of labor is also increased because growth sector is increased on monthly basis. D1 labor market and legal requirement impact positive on the growth of GDP in UK. Many rules and regulationsare made tohelp in planning for workforce such as discrimination law, equal opportunities for employment, age discrimination act and fair credit reporting act (Plug, Klaauw and Ziegler, 2018). By involving right person at right place will help to make plan in better way and recruit who have talent management skills and can help for good opportunities for company. TASK 2 P3. Current and anticipated skills requirement in employee Nisa have number of employees working and every individual have different skills and talent but to explore those skills on right time is necessary. The employees should have talent and skills which are mentioned below:Communication skills:A good employee should have the best communication skills and they should communicate properly with their colleagues and upper authority. Employee of Nisa should have the best communication skillsbecause agood communication power help to attract more number of customers. (Hirsh and Cha, 2018).Positivity:A good employee should have positive attitude towards its work. If employee feels that the work is not according to his ability then he will take wrong decision and may leave a company that is why having a positive attitude will help to make good relation with a company for long time. Inter personal skills:employees who work in Nisa have good inter personal relationship with each other. This skill help them to make good relation with their colleagues and authority. Strong interpersonal skillshelp to act withother to accomplish the desired score for a company.
Customers’ perspective:employees should have maintained good relationship with customers so that it will indirectly help in profit and selling power. Making long term relations with customers will definitely help to make brand image in a market. To fulfill the demands as per customers need is a great skill which every employee should possess (Card and et.al., 2018).Decision- making:it is not compulsory that decision making is done by upper authority but the staff members and employees of Nisa should be able to make smart and quick decision for the betterment of a company. A good decision helps to take a business in right direction and help in the progress of a company.IntelligenceandCompetency:employeesmustbesmartandintelligentinevery workplace if they take their work in serious manner . They should be deep thinker about their work so that they can look to solve every situation of a company. Timemanagement:laborsor employeesof acompany shouldbe very punctual. employees do their work according to time (Cascio, 2018). They always work for good reputation and higher productivity. As they want to achieve all the targets of a company that is why their work management should be on timely basis. According to Labor force survey, and in between Feb to April 2018 the number of people in work was changes and unemployed people also decreases whereas 32.40 million people work in 2017 but the figure changesin employed people and it increases up to 261000 people. Even employment rate was also slightly higher in 2018 (Labor market in UK,2018). Henceit has been analyses that labor market of UK is increases from last many years and the rate of unemployment person also decreases. M2employees of Nisa must have good communication skills and leadership qualities. A good interpersonal skills help to develop good and healthy relationship among all members. Smart work and good decision making will help to present himself a good and best employee for a company. TASK 3 P4. Job description and person specification documents for recruitment and selection Job description:job description plays an important role in recruiting or selection. While hiring or placing any individual in a workplace, a proper written account is needed which include
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the duties and responsibilities related to a job position. Job description is an internal document which clearly presents requirements related to job position and skills to perform a specific role. It also includes all the term and condition required for an allotted position.Forexample:ina company like Nisa, the vacant post of sales manager and HR of a company will look forward to hire a person for this job., they select a person through interview process and after that they present written document to a selected person which include offer letter, salary sheet and summary of allotted role with detail of essential jobs and responsibility and many other documents which include all the terms and condition (Banfield Kay and Royles,2018). Job description is a written document that clearly defines success in a role. Person Specification documents:this document includes qualification, skill, experience and knowledge of a person to perform the duty of job. These documents are provided by an individual'sside and help to form a foundation for the process of recruitment. While preparing personal specification, it should clearly specify all the details which are required by authority for recruitment process. This document also specifies the outline related to personal background as well as experience of the previous job. For example, there is a vacancy in Nisa, and the HR of a company were looking forward to fill the vacant seat and they are select the person through interview procedure but before that they want a description of every individual who are interested to do the work here (Kidwell, Eddleston and Kellermanns, 2018). At that time, personal specification documents are required to describe details of an individual such as his qualification detail, personal background, experience and his motive for his future or career. By reading this document, HR can easily recruit the person who is actually eligible for the company that is why personal specification is the necessarypapers for enlisting and option procedure P5. Different recruitment and selection method for effective talent resourcing and planning There are various methods of recruitment and selection such as:
Promotions:Nisa also apply this method of recruitment in order to recruit its employees. Promotion means to upgrade the group of employees by analyzing the performance level in a company. The company fills the higher vacant seats with promotion only (Nieves and Quintana, 2018). Transfer:this is the internal method of recruitment and company may use this method for recruiting which means interchanging one job from another without change in its responsibility and duties. Nisa also shift its + employees from one department to another in order to learn different roles and responsibility. Job posting:this method is also helpful for Nisa and it is an open invitation for employees where they can apply for vacant positions and it will provide equal opportunities to work together (Madison and et.al., 2018). Through job posting, recruitment will be done because it will help to save a lot of money for an organization. Short listing/ Assessment:this is a fair method of selecting any candidate for an organization as it helps to select according to ability to perform a job and Nisa uses this external method of selection and interviews are conducted to evaluate the performance of a candidate to analyze whether he is good for a company or not. Illustration2: Recruitment and Selection method
Direct recruitment:it is the external source of recruitment and Nisa uses direct recruitment method for hiring new employees. Under this method, qualified candidates are recruited by placing a notice of vacancy on notice board and this is a fair method of recruitment which help to select best candidate for the vacant position in a company so that it will help to take a business in next level of success (Kalleberg, 2018). Employment Agencies:this is also a type of external source of recruitment where some agencies are allotted which are run by public and private sectors that had a data of the entire qualified candidate and whenever there is a vacancy in any organization then these agencies recruit those candidates and in return to this they take some charges. It provides all kind of employees such as skilled, semi skilled or trained. Nisa did not use this type of method because it is a small store who did not have such budget to select candidate through this process. Throughadvertisementsandnewspaper:itisthemostpopularandcommonwayof recruitment. Vacancy is announced through it that clearly states job description and other requirements (Card and et.al., 2018). This method is helpful for recruitment and selection process because huge amount of hiring for short time period can be done though advertisement only and Nisa also publishes advertisement in order to get people know about their vacancy. M3there are various types of recruitment and selection processes but using external source of method is quite beneficial for Nisa because it is a fair mean of selecting a candidate for an organization and advertisement method is also the most popular and common way to recruit or select one out of many. D2for effective recruitment and selection, proper documentation should be done. Personal specification details will help to improve recruitment and selection procedure because it clearly defines a complete background check of an individual to take proper decisions related to an organization (Plug,Klaauw and Ziegler, 2018). A good judgment about the candidate will help to improve the effectiveness of recruitment and selection procedure.
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TASK 4 P6. HR life cycle Human Resource life cycle have their own challenges and opportunities with their benefits. Human Resource has their own unique life cycle and this life cycle is divided into five stages which are mentioned below: Recruiting:it is a process to hire new employees for a particular job field. The role of Human Resource Department is to place proper advertisement and then select candidates through their resume by conducting interviews and assessment such as choose best applicant for vacant position through its resume . In a small business where owners are usually human resource and they he plays a role or duties of HR. recruitment is define as chossing a talented candidate for a system as a new employee.Career planning:it is the second stage of HR life cycle which means that it is a process through which an employee become a key member of an organization through learning new job duties and creating good and healthy relationship with his colleagues and upper management authority (Human Resource Life Cycle, 2018). It is a stage where an employee and human resource department works together for his long term career goal Illustration3: HR Life Cycle
and achievements. They also help an employee to determine the best option for their career so that they can analyze their key strengths and weaknesses.Career development:This opportunity is essential to keep engaged the employees within organization. Human resource department keep trying to meet all goals and achievements of a company. They also help for growth and training to prepare the employees o take more responsibility in a company. On the other hand, sometimes this stage help to assess the employee's work and its performance that leads to a result that he is a successful hire for a company or not.Motivation and evaluation:keep employees busy in their work force will sometimes distract from their goals (Coller,Cordero and Echavarren, 2018). To provide proper motivation related to their job field by human resource department will lead them in a successful way. Evaluating their performance and reviews will help to determine whether he or she will be fit for a job or not. By conducting proper performance evaluation test, Human Resource Department can judge the effectiveness of an employee. Termination:it is the last stage of human resource life cycle where an employee will time off a organization through termination after leading a flourishing vocation; it can be evaluated that others will leave a company in order to grab other higher opportunities (Gardner, 2018). The main role of HR is to manage formalities of leaving a company through proper documentation and ensure that all policies are fulfilled by an employee even after leaving a company. All this stages are handling through internal basis and sometimes these formalities are not fulfilled by human resource. P7. stages of HR life cycle in the context of Nisa HR life cycle helps to know the situation whether the recruited person is fit for an organization or not. HR of Nisa will also follow all the stages of life cycle and evaluating the performance of every individual such as: Recruitment:HR of Nisa uses this stage of life cycle in order to evaluate the efficiency of employees. It is a process which helps to hire the best person for a vacant position. Through this process or stage, HR can easily select promising candidate by seeing their resume and sometimes it may be lead to take wrong decision for the company. Because byonly looking promising resume, no one can be sure that an individual can be good for a company, it is only an assumption of Human Resource Department which sometimes lead to loss for a company.
Career Planning:the next stage of a life cycle is career planning. Human resource treats this stage as the most successful stage (Holm and Haahr, 2018). In Nisa, when employees are recruited and they help to make learn them new opportunities and duties related to their job position. Through this stage, human resource department can determine the effectiveness of recruited employee and help them to achieve all goals and desired objectives of a company. It is a stage where HR can evaluate that employee and his supervisor work out for long term goals and objectives or not. But sometimes it is not fruitful for a company because HR cannot understand the basic need of an employee and as a result they did not maintain long relationship with a company. Career development:Different types of opportunities are essential in a company that helps to keep new employees in a company (Waxin and et.al., 2018). HR of Nisa will train new employees in order to make them understand about their roles and responsibilities but this stage has its own drawback such as through performance analyzes, managers or HR can determine that whether the candidate is fit for an organization or not. The department of HR will try to maintain good and healthy relationship with their employees in order to meet all the desired goals and achievements. Motivation/Evaluation:through motivation, an employee can be easily set mind to do the particular job. By creating positive environment of Nisa, the staff will automatically adjust in the workplace (Bartlett, 2018). Human resource department will always try to motivate their staff but sometimes they may take wrong decisions according to situation or by evaluating their performance, they can be terminated from the existing company. Termination:it is the last stage of HR life cycle where employee of Nisa can be easily leave a company according to their need and through retirement also after leading a successful career. While on the other side, other employees may be leave the company in order to grab other opportunities. At that time HR of a company should be manages all the terms and condition which carry out through exit interviews. M4Life cycle of human resources is quite important in relation to strategic management and talent (Hirsh and Cha, 2018). These stages of life cycle help to determine effectiveness of an employee in an organization and HR can evaluate the performance of each and every individual of a company.
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D3Life cycle of HR completely defines the exact role ina business they always try to motivate their employees and make them strong to face any type of situation. CONCLUSION By summing up above report, it is concluded that talent and workforce planning is quite important in any organization. With proper planning, HR department can easily achieve their desired goals and objectives. The report also analysis the current labor trend in UK and how employment rate is increases from last so many years.The report help to learn the use of job description and personal specification documents. It also explain different legal requirement and different recruitment and selection method. The report focus on different stages of human resource life cycle and how it help to make an employee effective in work place.