Resource and Talent Planning

Resource and Talent
Planning

Table of Contents
INTRODUCTION...........................................................................................................................1
Part 1: Labour Market and Skill Analysis........................................................................................1
Overview of firm....................................................................................................................1
Analysis of current labour market trend and its influence.....................................................2
Different types of legislation that a firm should comply........................................................3
Current and anticipated skills requirements for M&S............................................................4
Comparison with similar size organization............................................................................5
Conclusion & recommendation..............................................................................................6
Part 2: Recruitment and Selection....................................................................................................6
Recruitment and selection process flowchart.........................................................................6
Job description........................................................................................................................7
Person specification................................................................................................................9
Presenting best method of recruitment and selection...........................................................12
Recommendations................................................................................................................12
Part 3: HR Lifecycle......................................................................................................................12
Different stages of HR life-cycle and its integration with HR strategy...............................12
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................17

INTRODUCTION
Resource and talent planning is that critical function of an organization which involves
coordination from recruitment team and business at various aspect in order to forecast the
required resources. Talent planning is all about how to use the organization's existing
capabilities and potential in order to meet the current as well as future needs of a firm.
Therefore, it is essential for top companies to maintain talent pool for the future recruitment. In
the same way, current report main aim is to develop an understanding to make sure that firm has
a skills to meet strategic intent. Further, chosen firm for this report is Marks and Spencer (M&S)
which is the top retail firm in UK.
Study describe current labour market talent which influence talent management and
provide different types of legal requirements that a firm should comply. Along with this, report
explain different types of legal requirement which a firm must taken into account at the time of
workforce planning. Next report will provide a range of anticipated skills that required by an
organization on the basis of current labour. Study describe different recruitment and selection
methods for effective talent resourcing and talent. Last, report will evaluate stages of HR life-
cycle and its integration with HR strategy.
Part 1: Labour Market and Skill Analysis
Overview of firm
M&S is multinational retailer company in UK whose headquarter is in UK and it sells
good quality of clothes at reasonable rates. Currently, company have more than 80 thousands
employees and It has more than 900 stores and it is operating at 30 different locations. Company
also serve at international level and also provide good variety of products such that clothes
including men and women, groceries, furniture and toys at best quality in reasonable rates.
Quoted firm require two types of labour in its physical store such that Physical and
mental labour who carries luggage i.e. rickshaw puller, workers working in factory etc at the
time of delivery any products. Another type is skilled labour who posses special knowledge,
learning and training in order to perform the work i.e. managers, technician, electrician etc. This
clearly reflected that company have skilled staff that assist business to maintain positive working
environment and smooth functioning of its operations.
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Analysis of current labour market trend and its influence
With the change in time, there is a evolution of new thinking in the labour market and
that is why, there are many changes that affect the labour market in positive as well as negative
manner such that technological evolution, shifting demographics and dynamic workforce,
changing world of work and economic growth are consider some major change for labour
market. Thus, some of them are as mention below: Demographic trend: One of the most affecting trend that affect talent management and
workforce planning because companies need skilled workers and young people at per
modern era. At this time, HR of M&S find out new candidate when old one gets retires.
Further, it increases the liabilities of HR to recruit skilled labour in order to handle the
work in appropriate manner (Krishnan and Scullion, 2017). Beside this, population
growth and ageing population creates impact on the workforce and market. Further, there
are many changes such that many countries face labour shortage and employers as well
as policymaker are actually forced to think in different way for talent sourcing. That is
why, many companies try to mould their existing company policy In order to better
appeal to under-represent groups such that women, young people, minorities etc. Technological change: Another trend that also affect the market trend and workforce
planning, as it affects the requirement of labour. This factor creates both positive and
negative impact upon the company such that company uses Artificial intelligence that
assist business operations and save time. While on the other side, rise of this technique
further lead to increase unemployment because company did nit require human resource ,
which in turn affect the labour market in opposite way (Bean, 2018). As M&S is deal at
retail sector that is why, it uses variety of new techniques to execute business for fast bill.
In early times, work is done on paper and after the evaluation of technology, it affect
talent management and HR of M&S needs to hire such employees who have enough
knowledge for technology. Thus, it clearly show that technological change influence
labour market and also affect the overall condition in opposite manner.
 Globalization: Another factor that affect the business in both positive and negative
manner. Such that after globalization, it has become easy for the workers to work in
foreign countries, therefore, this in turn assist company to hire new employees even at
low wage rates (McDonnell and et.al., 2017). on the other side, it is also analysed that
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