Resource and Talent Planning Assignment : Unicorn Grocery
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Added on 2021-01-02
Resource and Talent Planning Assignment : Unicorn Grocery
Added on 2021-01-02
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RESOURCE AND TALENTPLANNING
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1P1 Evaluate current market trends that impact workforce planning and talent management.....1P2 Different types of legal requirement .....................................................................................2TASK 2............................................................................................................................................3P3 Current labour market trends and legal requirements............................................................3TASK 3............................................................................................................................................4P4 Examples of Job Description and Person Specification........................................................4P5 Different methods of recruitment and selection ....................................................................6TASK 4............................................................................................................................................9P6 Evaluate the stage of HR life cycle........................................................................................9P7 Explain how life cycle is integrated with current organization ..........................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTION Resourcing and Talent Planning are essential practices of management. Basically itensures that the company is able to identify & attract key people with the ability to createcompetitive advantage as well as assist businesses in achieving both long and short term goals.It's simply not related with hiring people into an organization but also concerned with successionplanning (Armstrong and Taylor, 2014). It maximise the availability of capable and experiencedemployees with an intent to retain them for longer period of time. It is important for everycompany to recruit personnel at right time and at right place. The chosen organization for givenreport is Unicorn Grocery which is a UK-based small scale grocery store. It covers latest markettrends, different types of legal requirement, different methods of recruitment and selection andlastly stages of HR-life cycle. TASK 1P1 Evaluate current market trends that impact workforce planning and talent managementThe main role of Human Resource Department is to find most suitable and competentcandidate for the company and train them with an intent to improve its efficiency so that
organizational goals can be accomplished effectively. Workforce planning is a continual processmainly used by firm to align its priorities and needs with those of workforce to ensure it canfulfil legislative, production requirement and organizational objectives in an effective manner. Insimple words, it is a systematic procedure that align HR and business needs to ensure thatcompany must have right candidate with right skills, at right time & cost to execute successfullyand efficiently. On the other hand, Talent Management deals with managing the competency,ability and power of workers within an organization. Both of these management practices playkey role in recruiting best candidate for the company and ensures to extract best out of them sothat goals and objectives of business can be achieved in an effective manner (Bethke-Langenegger, Mahler and Staffelbach, 2011). Labour market is a place where both labours and employees communicate with eachother. In labour market, company's manage compete against each other for recruiting mosttalented and capable employees. As Unicorn Grocery is a small scale co-operative store, it' HRdepartment mainly emphasize on recruiting and selecting skilled, competent and knowledgeablepersonnel employee for the company. The contribution of retail sector in UK's economy isrelatively large as compared to others. However, the current labour market trend that influence human resource processesinclude demographic, economical condition, political composition of population and also socialtrends like customer's like and dislikes etc. Additionally, it is important that firm should hirecompetent personnel who can work effectively towards achieving business goals and objectives(Brunckhorst, 2013). Talent management and workforce planning puts positive impact onincreasing the productivity.Brexit brings political instability in UK which results in bringing unemployment in thecountry. This not only impact large scale industry but also affect small scale industries as well.As a result, most of employees lose their job. Knowing the fact that, Unicorn Grocery is a smallscale industry and are also going to get affected by current political situation of UK. It's managertry to retain and attract key talent which help in generating higher profitability ratio. P2 Different types of legal requirement HR Manager of Unicorn Grocery must be aware of all rules and regulation concernedwith legal, ethical and regulatory consideration. Knowledge of these laws help firm in reducing
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