Resourcing and Talent Planning TABLE OF CONTENTS INTRODUCTION 3 MAIN BODY3 1.1 Labour trends in UK and US 3 1.2 Importance of tight and loose workforce market 4 1.3 Strategies used by organizations to achieve competitive advantage in tight and loose labour market 5 1.4 importance of government, trade union and employers in future skill development 5 2.1 Principles of workforce planning and tools used by organizations 6 2.2 Career development plan 8 2.3 Downsizing in an organizations9 2.4 Establishing job description, person specification and competency framework9 2.5 Key