Resourcing and Talent Management Strategies
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Added on 2020-10-05
Resourcing and Talent Management Strategies
Added on 2020-10-05
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RESOURCING ORGANIZATIONS
RESOURCING AND TALENT MANAGEMENT IN ALDIThrowing light in relation with the resourcing and talent management, it is quiteimportant or each and every organization as it make sure that the firm has competent humanresource to beat the competition as well as retain the clients for longer period of time.Recruitment as well as retention is considered as two significant functions of Human Resourcethat needs strategic planning because they are vital for the growth of the corporation to allowthem to increase their profit within the organization (Deutsch, 2016). The present essay is basedon the case study of Aldi. It is one of the fastest growing super market chains of UK dealing ingrocery and food items. They have their presence all across the world with around 700 stores. Inthe year 2017, Aldi garb the position of 5th largest retailer in grocery in the United Kingdom.Because of this, the company is planning for extensive expansion plans by opening 600 stores atvaried locations. For these new stores, the firm will need around 18000 new employees including600 new store managers by 2022. In this regards, Aldi will require proper recruitment plan,selection strategies and induction and training program for these new employees. Concerning thescenario of the case, the main purpose of this essay is to explore the resourcing methods Aldishould adopt to recruit such high number of employees for its new stores. In addition to this,selection processes that should be adopted by the company will be discussed along with theirpotential benefits and drawbacks (About Us, n.d). Over the last decades, numerous studies have shown that there is a positive relation amidhigh efficiency and human resource management policies and practices and performance of theorganization. Because of this, HRM is seemed as a major factor that helps in differentiating thesuccess and failure of the organization in this current world. This pertains to the fact that itconsists how to manage the people working for the firm and whose contribution and role willeventually help the firm in achieving the desired goals and objectives. There are different aspectsof HRM such as performance, resourcing, developing and many more. However, resourcing isthe major factor in human resource management that involves planning, recruiting, inducting aswell as bringing a new staff up to that standard which is required to become a fully effectiveworker (Aghazadeh, 2003). Aldi is expanding their operations in many parts of the world andthus, they will require an efficient sourcing strategies for recruiting 600 store managers. In this1
regards, it is vital to evaluate and analyze the methods of resourcing for meeting out thisobjectives of Aldi. Even though there are numerous aspects of human resource management, the first majoractivity of the HR department of Aldi is to search and bring people which are quite essential forthe organization to succeed in its expansion process. Aldi will require numerous staff membersand around 600 store managers for its different sites. Nevertheless of their type of work, theworking relationship amid the business and employees is the employment contract which isbeing defined by the entrepreneur as an agreement entered into between the firm and staff at thetime when the worker is hired (Ellinger and Ellinger, 2014). It also outlines the nature of the jobthe worker will perform and what compensation they will receive in return of their workperformed within the company. Once, the employees are selected for the firm, it is important tofollow a series of activity like motivation, training and development, feedback and maintainingperformance of the employees. In addition to this, the other key factors of the process ofrecruiting encompass human resource planning, recruitment and selection. All these functionshelp Aldi in offering way to acquire new skills and to make improvements in their culture.Considering the tight labor market in UK, it is really challenge for Aldi to recruit efficientpersonnel for filling the job position of store managers. A tight labor market is a situation wherethe available jobs are more in comparison with the workers. This means that the workers havehigh bargaining power and organizations have to raise their expenses in terms of wages andsalaries. Thus, there are two important ways or methods available to Aldi for employing newstaff for varied sites i.e. searching talent on the external labor market and making investmentwithin the company to develop existing skills to fill up the new positions (Ganihar and Nayak,2007). Both these methods have their own benefits and drawback which should be analyzed anddecided by the human resource specialist of Aldi. Focusing towards external recruitment approaches, it is being defined as a process wherein company source applicants outside of the organization. Those job seekers are hired by the firmwho are not currently employed with the business. For finding external candidates easily, Aldican make use of specialized skills of recruiter and large candidate pool. If the firm chooses2
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