Resources and Talent Planning Assignment
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Added on 2021-01-01
Resources and Talent Planning Assignment
Added on 2021-01-01
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RESOURCES ANDTALENT PLANNING
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1P.1 Analysis of current market trends that influence talent management and workforcemanagement............................................................................................................................1P.2 Different types of legal requirements an organisation must take into account whenworkforce planning.................................................................................................................3TASK 2............................................................................................................................................4P.3 Current market trends and legal requirements determines skills range in organisation...4TASK 3............................................................................................................................................5P4. Example of job description and person specification.......................................................5P5. Different recruitment and selection methods for effective talent resourcing and planning .7TASK 4............................................................................................................................................9P.6 Stages of the HR life cycle applied to specific HR context.............................................9P.7 Stages of HR life cycle are integrated within organisational HR strategies..................11CONCLUSION..............................................................................................................................12REFRENCES ................................................................................................................................14
INTRODUCTION Resources and talent planning is a process or functions which maintain appropriatecoordination between recruitment team and business in various areas like networking as well asselection of proper hiring channel, forecasting required resources or job vacancy, delivery ofresources on schedule etc. The organisation Argos is taken in report, its a British catalogueoperating in United kingdom. The company trades both through physical shops and online. It isestablished on November, 1972 and also has franchised all over the countries. This reportincludes the analysis current market trend which influence talent management and workforceplanning, legislations required to plan the workforce. On these basis which type of skills requiredwill be anticipated and produce the job specification as well as personal specification foreffective selection. The required method are considered for recruitment as well as selection ofemployee, stages of HR life-cycle and integration of each stages with organisational HR strategy.TASK 1P.1 Analysis of current market trends that influence talent management and workforcemanagement.Resources and talent planning is a function in organisation make sure to identifies keytalent from the market to create competitive advantage and helping them organisation inachieving long as well as short team goals (Armstrong and Taylor, 2014). Labour market is aplace where workers as well as employees interact with each other. The recruitment team as wellas various function of management always maintain appropriate coordination and corporation.In labour market employer always try to hire best employees for organisation and workerscompete foe best satisfying job. Its an economy function with demand and supply of labour. Thelabour market trend in united kingdom can at upward or downward. The employees wages rateskeep on changes, their working hours policies also changing and employment rate in economyincreased due labour trends. The globalisation, demographics are various elements due to whichmarket get effects. The unemployment rate UK is declining as well as economic inactivity rateare lower than last time (Boudreau, 2016). The living standard of employees also influence thetalent management as well as work force planning in an organisation. Talent management is a process of commitment to hire, retain and develop most talentedas well as knowledgeable person available in the job market. The labour market trend influence1
talent management in an organisation. If payroll are high in market then its necessary for Argosto provide as per standards if they want to hire talented people. Its very difficult for manager tohire skilled and qualified employee (Briscoe, Tarique and Schuler, 2012). The talent alwaysmanaged in organisation otherwise political, economic, social factors effects talent managementin Argos Ltd.Workforce planning is a process to make strategies to hire employees in organisation. Asits a continuous process to aligned organisation need as well as priorities which ensures them tomeet its legislation, rules and regulatory (Cooke, Saini and Wang, 2014). Its process whichoutcomes partnership between human resource management and other department of anorganisation. The market trends can be analysed through below chart as it influences talentmanagement or workforce planning in organisation. If unemployment rates decrease then Argosmake plan hire workforce process appropriately as now more talented people are their in marketso its essential to provide them sufficient salary as well as benefits (Dries, 2013). Timelyappraisal also provided to make them motivated in organisation or acquire more talented as wellas skilled employees in company. The living standard are also keep on changing to hire talentedemployees by which objectives will be achieve its important to pay extra compensation toemployees. 2
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