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Talent Planning Assignment - Argos

   

Added on  2020-12-09

20 Pages4657 Words387 Views
Leadership ManagementProfessional DevelopmentHigher EducationLanguages and Culture
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Talent Planning andSuccess of anorganisation
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Table of ContentsINTRODUCTION...........................................................................................................................1INTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Analysis of current market trends that lay an impact on talent planning and workforce.....1P2. State various types of legal requirements that are needed while workforce planning.........3TASK 2............................................................................................................................................4P3.Based on current labour market trends and legal requirements determine current andanticipated skills requirements for a range of organisational examples.....................................4P4. Job description and person specification documents for effective recruitment and selection.....................................................................................................................................................6P5.Different recruitment and selection method..........................................................................8TASK 4............................................................................................................................................9P6 Evaluate the stages of the HR life-cycle applied to specific HR contexts.............................9P7. Stages of the HR life-cycle are integrated within organisational HR strategy...................10CONCLUSION..............................................................................................................................11 REFERENCES.............................................................................................................................13CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
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INTRODUCTIONINTRODUCTIONTalent planning is an important function and management practice. This is anoverarching strategy that comprehend how an organisation plans for having the talent it needs incritical situations both in present as well as in the future. This is an ongoing process along withits life-cycle which includes planning, developing, replacing, promoting and selecting, etc. Thepurpose of talent planning is to retain the valuable employees (Elango, 2017). In this reportArgos is taken as the chosen organisation, which is a British catalogue retailer company foundedin 1972 by Richard Tompkins. Argos is subsidiary company of Sainsbury which has their headoffice in England. The present report will put light on the the purpose of examine the currentlabour market trends that are influenced by talent management team organisation. Along withthis, the study also show the different kinds of legal requirement at the time of workforceplaning. Appropriate job description and person specification documents for effectiverecruitment and selection method is also been discussed. In the end, the report will be wind upby describing the life cycle of HR along with various strategies that can be used by an HRmanager so that the aims and set of objectives can be attained.TASK 1P1. Analysis of current market trends that lay an impact on talent planning and workforce.Workforce planning is an essential process or framework that exists as an action planwhich is generally considered or used by managers whenever needs and requirements of labourforce have to examined. It is an important strategic tool that helps managers and leaders ofArgos in preparing them against any critical situations or opportunities that may arise in nearfuture. There are a number of advantages or benefits that workforce planning has such asidentification of talents, retaining employees for a longer time etc. Talent planning on the other hand refers to a process which involves a series of stepssuch as hiring, recruiting, retaining of employees etc (Tarigan, 2017). In present context, markettrends as well as recruitment of employees get affected which in turn affects performance ofemployees. Various important market trends have been explained as under:
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Globalisation: Globalisation refers to a process which aims at interlinking or connectingpeople as well as different regions of the world which further helps in growth and expansion aswell. Globalisation aims at free and effective trade practices along with cross border trades aswell. This further happens to be a major factor which affects performance of Argos as bypractising globalisation talented and skilled employees tend to migrate or leave their presentbusiness concerns. Environmental sustainability: It is an important aspect of business which focusses onmaintaining effective quality of environment (Tokay, 2015). For this managers need to ensurethat they are adopting business practices which further restrain depletion or degrading naturalresources. Also by adopting such business practices quality of environment is ensured so thateffective business practices can be ensured. Demographic change: Demographics are an essential element that combines overallpopulation aspect of a place within a specified time frame. Changes in demographics refers tochanges or modifications that may occur in a business within a specified time frame. There area number of factors infused in demographics such as average age, life expectancy rate,dependency ratio etc. In relation to Argos it has been observed that nowadays more than 3generations have started working together. By doing so everybody gets an opportunity oflearning something new. Technological change: Technology happens to be a key factor of every business entityas without the use of technology no organisation can function in an effective manner. Byadopting changes in technology, managers of Argos will be able to achieve their organisationalgoals and objectives within a specified time frame. Also they have currently started an onlinedelivery app for their customers which further improves their goodwill and profitability as well.Urbanisation: Urbanisation refers to a process in which people of a country or nationshift from their rural livelihoods to urban cities and towns in search for work. Urbanisationgreatly affects talent management in Argos (Bridges, 2018). This happens as people today havestarted shifting from rural; areas to urban areas. Hence now more and more workforce can beemployed.Above mentioned are certain current market trends that have an impact on talentmanagement as well as workforce planning in business concerns in UK.
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