Talent Management: Benefits, Role of Performance Management System, Implementation with HR Processes

Talent Management

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
Benefits of HR function at Anti-Bac Ltd....................................................................................3
TASK 2............................................................................................................................................5
a) Role of performance management system..............................................................................5
b) Implementation of performance management system with other HR processes....................7
TASK 3............................................................................................................................................9
a) Performance management system also helps in increasing employee engagement and
commitment.................................................................................................................................9
b) Challenges and remedies regarding performance management system.................................9
CONCLUSION .............................................................................................................................11
REFERNCES:................................................................................................................................12
Books and Journals:..................................................................................................................12

INTRODUCTION
Human resources plays an important role in any organisation as this department manages
employee-employer relations, on boarding, payroll, talent acquisition and many more. HRM can
be used as a practice that aims to recruit, hire, manage and deploy employees in an organisation.
Talent management is meant by a process that focuses on attracting and maintaining high quality
employees, building their knowledge and abilities and continuously motivating them to enhance
their individual and overall performance of business (Adamsen, 2019). The report is based upon
a case study of Anti-Bac Ltd. which is a new start-up organisation in United Kingdom. The
company was founded by two brothers Muhammed and Sajid Khan in the year 2019. It mainly
delivers services as a manufacturer and distributor of antibacterial products. The company
majorly benefited in the Covid-19 pandemic as the demand for antibacterial medicines was
increased. The current report discusses benefits in developing HR function. Later, the report
outlines the role of performance management system and shows how it can be implemented with
other HR processes to enhance the overall business performance. Performance management
system is also beneficial to enhance employee’s engagement and commitment. At the end,
several challenges and issues that might be occurred while using performance management
system is discussed in this report.
TASK 1
Benefits of HR function at Anti-Bac Ltd.
Human resource management is meant by a method created to employ and manage
employees for the objectives of business and to boost the efficiencies of the company. Anti-Bac
is a new start-up so there are many benefits of having own HR functions in the company. Some
of them are discussed underneath:
 Organisational culture: Work culture includes bringing together values, beliefs, vision,
perceptions, traditions and rules and policies that an organisation has adopted over period
of time. HR function possesses a very significant role of influencing the workplace
culture within the premises of business (Aro, 2018). In case of Anti-Bac Ltd, setting up
standards, guidelines and procedures allows people to learn and understand acceptable
attitude and practices within the company.

 Training and development: It is important for an employee to acquire new knowledge
and skills at definite point of time so that they can perform their tasks in an effective way.
It is essential to communicate policies and procedures effectively to the people as a
process of on-boarding. HR functions helps in an on-going development of employees in
the company to bring new ideas to the Anti-Bac Company.
 Planning for change: There are many changes that takes place in the company such as
modernisation of technologies, employees come and go, finances keep changing over
period of time. Having own HR function in the company supports in the stabilization of
firm for the ongoing change (Félix, 2020). Therefore, planning for change comprises
employees know their responsibilities and duties to perform in respect of organisational
objectives.
 Recruitment and retention: HR functions includes several activities to perform such as
acquiring qualified employees, maintaining employees in the business, indulging new
training and developing opportunities for them, motivating them to further their
knowledge, skills, appreciating and compensating them will drive success to the business.
 Developing healthy relations: The HR department has the common function of ensuring
that it builds a healthy workplace relationship between employees and employers. In case
of Anti-Bac Ltd., if the company have their HR function then it can organise the
meetings, seminars and other workplace gatherings for building healthy relationships
between employers and employees.
 Managing workplace conflicts: There are some happenings in which an organisation
may face the issues of conflicts between employer and employee. No single person in the
business can avoid this occurrence from taking place. But this can be resolved by experts
by listening the perspectives from both parties in the conflict. HR department can also act
as a counsellor or mediator to resolve differences and issues in an effective way. They
take a right course of action to make sure that everything can be resolved and the work do
not affect by the conflicts.
 Improving employees turnover: HR department also plays a role to manage employees
and helps in retaining employees for a longer period of time. When an organisation is
having a high employees turnover rate then, it negatively affects the brand image and its