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Resource and Talent Planning PDF

   

Added on  2020-10-22

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Resource and Talent Planning

Table of ContentsINTRODUCTION...........................................................................................................................1Analyse the UK labour market in 2019 and critically discuss the challenges the labour marketsuggests for resource and talent planning...................................................................................1Challenges that face graduate employability.............................................................................3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5

INTRODUCTIONTalent management refers to activity with that organization can develop, attract andretain employees (Collings, Scullion and Caligiuri, 2018). Purpose of talent management is toenhance the performance of employees, motivate them, engaging and retaining employees inorder to make them better and use their talent for success of organisation. This report will baseon resource and talent planning within various organisation in UK. This study will analyse theUK labour market in 2019. It will evaluate the challenges for graduate employability and howstudents will respond to challenges. Analyse the UK labour market in 2019 and critically discuss the challenges the labour marketsuggests for resource and talent planning.Labour market is place where employers and workers interact with each other. In thelabour market organisation compete to recruit or hire the best candidates. It is based on economyfunction with supply and demand of labour. According to labour force survey between June to august 2018 and September toNovember in work number of people has increased. The number of unemployment peoplebetween the age from 16 to 64 years not working. Due to this availability of work decreased.About an estimation 32.53 million people in work, more than 14100 for June to August and32800 more than for year (Khilji Tarique and Schuler, 2015). The employment rate wasevaluated about at 75.8% that is higher than previous year. In main job 84400 people areemployed on zero hours contrast that is lesser than previous year. 1.36 people are unemployedduring July to September. Unemployment rate was evaluated 4.0% that as lower sine December1974 to February 1975. From the survey report 8.63 million people are economically inactive.The economic inactively rate was determined 20.9% which is comparatively lower than 1971.The latest statistic shows that weekly earning for workers in nominal term UK has increased by3.4% including bonuses and 3.3% by excluding bonus compare to previous year. With thatestimations of weekly earning g in real terms increased by 1.2% including bonus and increased1.1% excluding bonus (Mayfield, Mayfield and Wheeler,2016). Over the age of 16 years either unemployed, employed or economical inactive. Theemployment estimation includes all the people who work part-time or full-time. People who arenot working classified as unemployed if they are searching for last four weeks and who are goingto start within the next two weeks. Unemployment statistics area count of people on benefits is1

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