This report discusses the current labour market trends and legal requirements in workforce planning, with a focus on Argos Ltd. It covers topics such as talent management, job analysis, and succession planning.
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Resource and Talent Planning
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Contents INTRODUCTION.......................................................................................................................................3 TASK 1.......................................................................................................................................................3 P1 Current labour market trends that have impact on workforce and talent management planning.........3 P2 Assorted types of legal requirements an organization within the workforce planning........................5 TASK 2.......................................................................................................................................................6 P3 Current worker market trend and legal needs which includes anticipated skills within firm..............6 TASK 3.......................................................................................................................................................9 P4 Person specification and job description documents for effective selection and recruitment..............9 P5 Assorted selection and recruitment methods for effective talent resource and planning...................11 TASK 4.....................................................................................................................................................12 P6 Stages of HR life cycle applicable of particular HR context.............................................................12 P7 Examine HR life cycle stages within organizational HR strategy.....................................................12 CONCLUSION.........................................................................................................................................14 REFERENCES..........................................................................................................................................15
INTRODUCTION Talent and resource planning plays crucial role within the business and team members in various aspects like recruiting and hiring skilled and knowledgeable people for delivering resources on time along with maintain entire talent of people at workplace. Thus, function of resource and talent planning ensures that firms are able to determine and attract key talent from market with capability to develop competitive advantages and helps firm to achieve desired goals. This report is based onArgos Ltd. that operates their business operations within retailing sector and headquartered in Buckinghamshire, England. Moreover, discussion will be based on varied method of legal needs and several methods or process of recruitment and selection. At last, human resource strategy and HR life cycle will get covered (Armstrong and Taylor, 2014). TASK 1 P1 Current labour market trends that have impact on workforce and talent management planning Human resource management plays significant role within several kind of business administration that perform several kinds of functions in order to produce several policies and plan for individuals at workplace. In order to formulate particular policies and functions for firm human resource manager can easily develop best environment for their entire workforce. Along with this, Human resource management considered as very helpful aspects as it helps in resolving conflicts, issues and problems between firm and employees at workplace. In regards withArgos organization, top level of management is able to adopt current and latest market trends or strategies that all helps HR management of firm in order to increase performance skills and knowledge of their employees so that they can perform well and able to achieve targeted goals towards firm (Dessler, 2013). Apart from this labour plan plays crucial role within every business activity as it helps to execution of several strategies on order to change working environment. Further it will helps management team of Argos industry to adopt more effective working style in order to face any kind of challenge so that they can sustain their business long time. Therefore, it is essential for firm and make firm profitable and increase their sustainability within competitive scenario. Overview of firm:
ArgosCompanyconductingitseveryoperationwithinretailingstorewhichwas establishedin1972.Withinthecurrentscenariothiscompanyishavingaround29,768 employees along with offering better quality of goods and service to employees. With the help of selling effective quality of goods they can increase their productivity at marketplace. Types of labour: Semi-skilled labour:According to this category of works are having huge skills and better working capabilities to handle every operation of firm. Skilled labour:In involves tools maker, carpenter, typist, dishwasher and many more. Unskilled labour:It includes those people who able to perform their working task easily and lacks need of training and developing session for needed task (Church and Silzer, 2013). Current market trends that have impact on Argos talent management: Globalization:Within the current scenario of world, there are so many firms who are operating their business at high level in order to achieve desired goals with huge profit effectively. With the help of this they can achieve competitive advantages and more interested to increase their market share. Herein, Argos allows managing for recruiting, selecting and hiring skilled or knowledge employees in order to achieve attainment of desired goals and objectives. Demographic change:It is based on shares and their reduction or increment within population in any specific area or place in a specific country. It identifies the huge population level is higher and high population availability. Moreover, as per the governmental survey it has been taken by UK government with the majority of population. Thus, it develops few issues for respective firm to regularly hire talented people (Guerci and Solari, 2012). Current labour trends: Industry:According to the current scenario, industry revolution has ample number of job options for employees as technology is rapidly increase with effective digitalization aspects. For example: Within the market there are numerous stores of selling goods and services. Though, the all are mainly replaced through moving their services. It means supplying of goods regularly change as per the market demand of consumers. Thus, the method of supplying product and
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services has been upgraded and modified rapidly. Thus, workforces of stores will able to overcome unwanted factors from firm and increase demand of customers for firms rapidly. Ageing populations:There are so many countries have been concluded that population is rapidly enhancing every day. On the other side, UK, Germany, Japan and US has been predicted that labour workforce is increasing because of frequent ageing population. Thus, it is the ration for recruiting employees in future. Moreover, some of the countries will encourage this and able to support labour force in places so that they can select most talented employees. P2 Assorted types of legal requirements an organization within the workforce planning For operating overall activities of business firms are needed to follow different guidelines and legal laws or rules given by the government at place. With the help of doing such kind of this thing they can promote their business and increase their structure of firm. Additionally, high authorities of firm required to develop best strategies for their employees so that they can perform their task without any issue at workplace (Gold and et. Al., 2013). In order to improve working performance of employees firms needs to follow such legal requirements that will increase goodwill of firm. Moreover, firm can easily satisfy their employee’s needs and wants and sustain for long time. There are various legal requirements follows by Argos for its employees, those are follows: Equality Act, 2010:This legal need was given by parliament in order to protect rights of employees who are working for particular business firm and agency. According to this law employees are free and they do not needed to face discrimination on the behalf of caste, complexion and such kind of things at workplace. Thus, it is necessary for Argos to treat their workforce in an equal manner to achieve desired goals. Health and safety at work act, 1974:According to this act of parliament government edge facility to properly regulate employee’s health and safety, welfare within the workplace. Thus,ithelpsemployees,suppliers,employerswithinanorganization.Therefore,itis responsibility of Argos to follow this act properly at workplace in order to provide safety tools to their workers so that they can work without any issue. Additionally, it will helps firm to make their better image at marketplace so that they can increase their successful growth of business and achieve desired goals (Longenecker and et. al., 2013).
Employment rights act, 1996:This act was given on the Labour Day within United Kingdom in the year of 1996. It is mainly developed to protect employees and their entire rights. In regards with Argos, this law includes in so many aspects like unfair dismissal, regulate pay leave, unemployment and so on. Thus, HR manager of respective firm is needed to follow such kind of law for their workforce so that they can work easily or ethically along with create positive working environment. Determination of workforce demand or supply forecasting According to the above specified details, it has been reviewed that workforce planning is the best component that develops effectivemaintenance between labour or firm towards achievement of targeted goals. Thus, it is essential for Argos to identifying their labour demand in order to accomplish the needs and wants of people as per their working position at workplace. Through following different types of laws and rules they can make their employees happy and able to accomplish their task in a perfect scenario. Additionally, it will help employees to boost their energy towards work so that they can meet future desired goals of firm. This will directly enhance the overall growth of firm and make it productive in front of their customers at marketplace (Kavanagh and et. al., 2017). TASK 2 P3 Current worker market trend and legal needs which includes anticipated skills within firm Human capital is known as the best assets that plays significant role within the any kind of business industry. There are so many factors by which firms are able to attain their goals and objectives in an appropriate manner. Therefore, it is very important for each and every firm needed to conduct to determine or identify their employees to enhance their knowledge or appropriate skills in an appropriate mode. Methods of collecting information and data Primary method:According to this method, information mainly gathered and collected within first hand which has been not used before by someone. As per this questionnaire,
interviews, direct and indirect sources have been used to allocate accurate information among the employees. Secondary method:According to this information, several methods have been already used through the person or an individual. There are few methods use for gathering these data feedbacks by existing files, magazines, officials all that are considered as the information in regards with computer database and employees (Sparrow and et. al., 2015). Methods of Job analysis Observation method:According to this method, human resource manager of Argos industry has responsible to properly observe along with determine several performance eof employees through using different types of techniques or tools. Few techniques are like incident technique, working methods and direct observational methods. Interview method:This is one of the best methods used by human resource manager of Argos in order to ask to employees towards their expectations, working performance along with resolve their issues through facing face to face interview in order to work within the firm. Questionnairemethod:Inthismethod,questionnairegenerallyframedbyhigher management of firm in order to seek their candidate’s opinions and views in a proper way. Along with implementation of such kind of methods respective firm is able to enhance their profitability as well as productivity of their employees so that they can accomplish their goals on time. To determine abilities and skills of employees in regards with succession planning Succession of planning identifies the process in which firms measure essential and potential applicants to accomplish their entire key roles within an organization. Together with this, this also highlights the assumptions as per the overall experience of workers as they can be promoted at high level or can be retired (Meyers and et. al., 2013). Therefore, it is much necessary for respective firm to undertake succession planning in order to bring few changes within its productivity of firm so that they can replace inefficient employees with effective one. There are different types of capabilities for controlling overall talent plan of employees which is going to be discussed below:
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Anticipated skills: Change management:As per the technological advancement there are so many changes are going frequently within the internal and external factors of firm. Therefore, it is required for Argos HR manager to provide positive working environment in which employees are able to bring changes within industry. With the help of taking adoptions firm is able to make their future plan better and enhance working efficiency of employees. Forecasting:According to this skill or process firms are able to make predictions in order to recruit candidates according to their working culture. It is essential for HR manager of firm to have better estimation that allows to firm to overcome entire amount of wastage, cost resources along with it leads complete project within the specific time manner. This, with the help of this skills Argos firm is able to enhance their growth at marketplace (Siikaniemi, 2012). Performance management:In this employees are actively involves within several activities of business. Moreover, appraisals or benefitsand rewards are totally based on performance of employees. According to this, firm is needed to have performance rating system. Herein, Argos HR manager commonly expect to their employees of better performance so that they can give them better benefits or rewards that increase their motivation level and make them productive for firm. Current skills: Communication skills:It is most essential skills for every firm in order to increase business at another place. In regards with Argos firm HR manager needs to have great communication skills so that they can interact with their employees easily and achieve targeted goals. Furthermore, they are needed to have verbal, written kind of skills so that they can listen each and every issue of employees. It leads employees are sharing their issues and problems with each other and sub authorities that makes better unity at workplace. Therefore, better or great communication skills make employees happy and increase overall value of firm. Job design It is also considered as work design as well as task frame (Job Analysis Methods. 2018). It is more important activity for human resource manager to make several methods, content as
well as develop best relations as per the needed at workplace. On the other side, there are several another methods like social needs, technological needs and many more. All these assorted method adopted by management of Argos in order to give better experience to employees towards job. Difference between Argos and Waitrose & Partners Argos is one of the best retailing sector which offerings numerous range of goods and services to customers within the Ireland and United Kingdom. This firm was founded in 1972. On the other side, Waitrose & Partners id one of the big competitor of this Argos firm as it develop high revenue rather than the Argos. If talk about employees counting than Argos having more than 29,768 employees and W&P managing their entire organizational functions with 52,590 and more employees than this (Tansley and et. al., 2013). Thus, current worker market trend is high due to huge population so that firm is needed to follow various legal requirements imposed by the government of particular country. With the help of following such kind of legal rules includes so many skills will increase the productivity of firm and increase profit through best utilization of employee’s talent in a proper style. TASK 3 P4 Person specification and job description documents for effective selection and recruitment Individual Specification Post:Accountant Department:Accounting AttributesEssentialDesirable Experience & QualificationC AinEnglandand Wales. Accountantwithinfamous organization along with 10 year experience. Good experiencein accounts department with 4 years and shouldhaveproficient membership. Skills or knowledgeAnalyticalskillsandImportanttohaveproper
presentationanalyticalskills should be there. knowledge towards accounting and MS- Excel. Person Specification PostMarketing manager DepartmentMarketing QualificationBachelors Degree in Marketing specialization or a related field is preferred. Masters of Business Administration in Marketing specialization Skills RequiredAnalytical and interpersonal skills. Effective presentation skills. Highly developed, demonstrated teamwork skills. Experience2-3 years of experience as marketing manager in MNC. Job Description Company: Argos Ltd. Job Details Post: Marketing manager Company: Argos Ltd. Job Purpose The main aimof business firmsto promote theirgoodsand servicesfor sustainingin marketplace for long duration. Roles & Responsibilities To formulates raises policies for firm and their goods and services. Dispersion selling movements with unique innovative thoughts. Progress appreciated striking gratified for blogs and websites of industry in order to
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attract large number of targeted people of groups. To figure planned relations with agencies, partners, customers, vendors along with industry players. P5 Assorted selection and recruitment methods for effective talent resource and planning There are different types of approaches which are considered through HR manager of Argos, those are follows: InternalRecruitment:Accordingtothismethodfirmisabletoprovidehuge opportunities to their existing workforce. Along with worker is able to get selection via written examination which is conducted on the behalf of group discussion and interview. Thus, it helps firm able to save its cost and invest on their advertisement. ExternalRecruitment:Inthismethodcandidatesalwayshiredbyfirm.Inthis, management of Argos has adopted this type of recruitment method to hire appropriate employees for their firm. Through this they can attract or invite innovative skills and unique ideas to gain competitive advantages (Ulrich and et. al., 2012). Interview:It is considered as one of the important method sued by interviewer. Along with this, there are number of questions asked regards to an individual, job position and their background have been asked. Together with there are some situations that check confidence and skills of person. Written test:According to this, respective firm able to judge the performance or efficiency level of their candidates who applied for job role. Along with questions are related with reasoning, math and technical part also included. Thus, from the above mentioned approaches it can be said that HR manager has responsible to formulates and create proper plan for both selection criteria and particular method to run business. Along with, it helps firm to save their cost in regards with firm policies and helps them to choose right candidate for specific job role (Tansley and et. al., 2013).
TASK 4 P6 Stages of HR life cycle applicable of particular HR context Human resources always have different types of systematic approaches in order to gain proper engagement of employees within firm. There are five types of stages, those are as follows: Selection and recruitment:According to this initial stage of HR life cycle, there are differentactivitiessuchascollectionofCV/resumeofapplicants,interviews,GD,job advertising and so on. Further it will helps firm to recruit best talented people for specific job role. Orientation:This is the second stage in this, respective firm is needed to conduct proper orientation for create interaction with newly joined candidates. On the basis of this, they can develop friendly environment for their employees towards firm’s vision, mission and objectives. Career planning and performance management:In this stage, it is necessary for respective firm to develop huge opportunities for their employees on the behalf of personal and professional level to achieve organizational objectives. Additionally, HR manager of Argos should more focus on determining the performance of their employees for better assistance to them (Waheed and et. al., 2013). Succession planning:In this stage, it is important for HR of respective firm to develop best effective tools for employees in order to increase business rapidly. Along with it helps to maximize growth of firm with well position. Exit:In this last stage, human resource manager of respective firm has responsibility to manage their functions effectively. Along with manager of Argos needed to provide better ways to attract employees for their joining in firm. P7 Examine HR life cycle stages within organizational HR strategy Herein, HR manager has responsibility according to the above specified stages in order to take appropriate actions effectively. Additionally with this, as per these several stages firm is able to achieve their desired goals and objectives successfully. There are different stages as per the above HR life cycle in regards withArgos, which are:
First stage:According to this stage, human resource manager of Argos Ltd. needs to develop better recruitment and selection process in order to get capable employees as workforces to achieve goals (Alexander, 2018). Second stage:In this, HR manager of respective firm needed to develop familiar environment to their employees with clear mission, vision and goals. Additionally, they are needed to make their workforce aware with proper guidelines to properly achieve goals. Third Stage:In this stage employees are bale to measure their performance effectively. With the help of this HR manager of Argos easily determine training and developing sessions for their employees by which firm will able to achieve productive results (Oseghale and et. al., 2018). Fourth stage:In this stage, HR manager of respective firm needs to develop practices and policies in order to give rewards and benefits to their employees in order to achieve long time goals. Along with firm is able to maximize employee’s involvement within industry. Fifth stage:In this last stage, Human resource manager of Argos Ltd. needs to hold proper database to keep information appropriately. Along with it will help HR manager to fulfill overall business activities due to termination and resignation. Thus, it helps firm to select and recruit skilled employees.
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CONCLUSION From the above mentioned report it has been analyzed that resource and talent planning plays significant role within each and every business organization as it helps firm to recruit talented employees with knowledgeable skills. Along with this there are so many factors of laws and legislations all are needed by firm to implements on their new strategies. In addition to this, report includes several kinds of issues in which employees of firm able to bring new strategies towards achievement of targeted goals. Moreover, it is essential for firm to take best effective form of job methods or approach as they select highly skilled employees from following several strategies and policies which is given by firm to attain targeted goals. It will help firm to makes their productivity at marketplace and it also increases overall profit of business.
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Waheed and et. al., 2013. Talent management in four stages.The USV Annals of Economics and Public Administration. 12(1 (15)). pp.130-137. Oseghale, O.R and et. al.,2018. Global Talent Management. InOrganizational Behaviour and Human Resource Management(pp. 139-155). Springer, Cham. Pandita, D. and Ray, S., 2018. Talent management and employee engagement–a meta-analysis of their impact on talent retention.Industrial and Commercial Training,50(4), pp.185-199. Al-Zagheer, H., 2018. The Talent Management Strategies.IJASSH. Alexander, A., 2018. Gauging the unique developmental strategies towards human resource at Saudi Aramco.Human Resource Development International,21(2), pp.150-157. Online: JobAnalysisMethods.2018.[Online]Availablethrough: <https://www.managementstudyguide.com/job-analysis-methods.htm>.