Talent Management: Current Strategy, Gender Gap, and Environmental Factors

Talent Management

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
PART-1-Report................................................................................................................................3
TASK-1............................................................................................................................................3
Analysing the current talent management strategy of AVIVA company ..................................3
TASK-2............................................................................................................................................5
Examining the gender gap report of the company .....................................................................5
TASK-3............................................................................................................................................6
Identifying the environmental factors that has the impact on the human resource practices.....6
PART-2-Recommendation report and podcast................................................................................8
A-WRITTEN REPORT..............................................................................................................8
B. Summarizing my recommendation to Aviva plc..................................................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................13

INTRODUCTION
Talent management is the termed that is related to the improving of the business performance
that is done by performing different practices from the employees which will result in more
productive. The chosen firm of the report is Aviva company that deals in giving the financial
services across the sixteen countries in the world. The present report will identify the current
talent management strategy of the company along with his gender gap report which will also
include the statistics. The report will also discuss about the environmental factors that has the
impact upon the human resource practices. Along with this it will also evaluate the
recommendation that are based upon addressing the gap or shortcoming of the company.
MAIN BODY
PART-1-Report
TASK-1
Analysing the current talent management strategy of AVIVA company
The current talent management strategy of the company is that they are focused towards taking
the step in simplifying their business(Our strategy.2020). Mainly they are implement their
strategy on the countries like Canada, UK and Ireland were they have leading positions (Burrel
2020).
Business and human resource strategy: The business strategy of the company is to divide their
business into five divisions that are Asia life, general insurance, Europe life, investments,
savings, retirements and UK life. By introducing the different channels that are digital
applications and direct to customers. On the other hand the human resource strategy of the
company regarding the current trend is to perform all the activities that includes best practices,

training programmes that will result in competitive edge at the time of competing in the markets
(Al and Kasim, 2019).
Recruitment and its channels: The recruitment process of the company includes the mangers or
the other person will contact the candidate then they will send the test that should be performed
by the individual after that interview and offer making lastly screening checks and job vacancy
filled. The recruitment channels of Aviva are tied channels, team building, business
developments, life insurance, agent recruitment and agency sales. The company have also
advertised their job vacancy on the different apps that are naukri.com, shine.com etc (Ogbazghi
2017).
Selection methods: Aviva uses and follows the consistent and conservative strategy for its long
term investment approach that is regarding the security selection. Investment are based on the
company who is using different business valuation techniques, volatility and scenario analysis
for knowing that it is safe investment or not.
Performance management along with Appraisal systems: It is used by Aviva to manage the
performance of its employees. It includes the activities that are related to the capturing
quantitative and qualitative feedback after that turning them into the actionable insights. The
company uses human resource accounting method as its performance appraisal methods.
Reward management: Under the company reward system is managed in the form of offering
the group personal pensions and different benefits package that includes health screening, salary,
pension, life insurance, bonus and medical insurance.
Training and development: In the company training and development procedure is used to give
information about something or its is the activity which was aimed at improving the organisation
and individual performance that are important for achieving the goals and objectives. In the
training employees are taught about the skills and knowledge that are needed to perform the
activity in the organization. On the other hand development is used for developing the
management and personality skills of the employees (Jain and Bain 2017).
Equity and diversity Policy: The diversity policy is made by the company that is related to the
Uk. Along with this equity and diversity policy are written document that is made to avoid the
discrimination against the people. Further it is also made by Aviva tp create the safe atmosphere
for its members in the organisation.