Assignment on Talent Management Strategy
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Added on 2020-06-04
Assignment on Talent Management Strategy
Added on 2020-06-04
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Talent management
Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................1Identification of firm's current Talent management strategy......................................................1Regulatory factors which impacts on HRM practices and organisation.....................................3Environmental factors that impacts on HRM practices..............................................................4Identification and analysis of core positions...............................................................................6Recommendation.........................................................................................................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONTalent management can be described as to manage the human resource of an organisationas per their skills or abilities while allocating tasks or procedures. It also includes to recruit wellqualified and experienced candidates according to required capabilities of specific vacantdesignation in company. This will facilitate to complete roles and responsibilities of particularposition in company to fulfil desired targets successfully on times (Wamba and et .al., 2015).This report is based on Barclays Plc which is British multinational investment bank and financialservices whose headquarter is situated at London. It deals in over 40 counterspies havingnumbers of staff members approximately 120,000 to conduct various operational activitiesproperly. This assignment will discuss about current talent management strategy includingtraining or rewarding along with regulatory factor like equality legislation or diversity.Identification of environmental factors which impacts of practices of human resourcemanagement and analysis of core positions liker attitudes, knowledge skills etc. are given below.TASKIdentification of firm's current Talent management strategyTalent management is basically to manage staff members of organisation in appropriatemanner to improve outcomes on regular basis which results in completing desired targets. Itincludes to conduct several training or learning programmes for enhancing efficiency ofemployees through improving skills or capabilities for increasing daily outputs properly.Barclays Plc have to focus on several activities which should be carried out in accurate way toachieve desired outcomes are described below:Recruitment and selection :- The term recruitment and selection refers to carrying outan effective procedure by Human Resource team of an organisation to hire appropriatecandidates (Stahl and et. al., 2012). It is important to recruit an individual as per skills orexperience according to vacant designation so that hired employees can fulfil roles orresponsibilities for generating desired outcomes. Barclays Plc have to conduct an efficientrecruitment of employees to completed regular targets of investments and banking aspects tofulfil them properly. Various designations are required to be completed like clerks, managers.Assistant- managers etc. having expertise in specific field to fulfil desired tasks.1
Performance management :- This can be described as to observe, analyse and evaluateperformance of staff members on regular basis to know about threats or issues in completingdaily outcomes through efforts of employees. Generally, performance management is tasks ofsuperiors like manager or leaders in company (Dries, 2013). They are required top first setaccurate standards of performance and then calculate actual working of workers to identify gapbetween desired targets and exact outcomes. It is essential to appraise people for their excellentperformance and tell about problems along with techniques to solve them for improving workingefficiency. Barclays Plc have to evaluate working of staff members and identify threats to solvethem for increasing productivity as well as profitability of an organisation.Rewarding :- The term rewarding refers to provide awards or incentives to employeesfor heir excellent performance for encouraging them to improve their regular productivity. Thereare different types of appraising preprogramme organised by various companies as per their owncriteria of appraisal through rendering certificates, compensation, bonuses, rewards an so on. Itwill make people feel valuable and loyal to enterprise as they thought positive and remain therefor a long time. Barclays Plc have to conduct effective rewarding or appraising events tomotivate human resource to increase their daily outcomes and reduce employee turnover as well.Training and development :- Training or learning procedures are essential to be carriedout in more effective as well as efficient manner for increasing capabilities and skills of staffmembers. This will facilitate to improve employee abilities which provide support to attaingrowth in personal as well as professional career. Training and development activities aremandatory to be organised in Barclays Plc for introducing new innovative strategies to improvequalities of services and gain better profitability as well. In current scenario of technology, firmsare utilising various technological software for carrying out regular activities with creatingdesired outcomes (Zhao, de Pablos and Qi, 2012). To implement such fresh techniques,manpower should be trained to work on them properly for improving profitsEquality and diversity :- The term equality is all about to treat each and very individualin equal manner without behaving partially. It includes that company have to provide severaltypes of opportunities with equality to all the staff members working there. It is mandatoryaccording to law that every single person must b e treated in correct manner so that they feel tobe equal to others performing in organisation. Diversity can be defined as people belongs todifferent culture or religion working in particular organisation. Barclays Plc have diversity of2
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