Resource and Talent Planning in Mark and Spencer

Unit 19 - Resource and
Talent Planning
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Table of Contents
Table of Contents.............................................................................................................................2
INTRODUCTION...........................................................................................................................3
LO1..................................................................................................................................................3
P1 Current labour market trend which influences talent management........................................3
Analysation of Current Labour Market Trends...........................................................................5
P2 Different types of legal requirements.....................................................................................5
LO2..................................................................................................................................................6
P3 Current and anticipated skills requirement for organisation examples..................................6
LO3..................................................................................................................................................7
P4 Job description and person specification documents..............................................................7
P5 Different recruitment and selection method for effective talent............................................9
LO4................................................................................................................................................10
P6 Different stages of HR life cycle..........................................................................................10
P7 How HR life cycle are integrated in company’s strategy.....................................................11
CONCLUSION..............................................................................................................................12
REFERENCE................................................................................................................................13
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INTRODUCTION
Resources are the important element for any organisation that helps to fill the requirement of
any business and keep it growing position. If organisation is having enough resources then it can
maintain the productivity and profitability effectively. In other words, resources are those
important aspects of business without them a business cannot be run for long period. Resource
and talent planning are defined as crucial significant which helps to perform all functions and
activities effectively (Khalil, and Hashim, 2019). If businesses have lack of resources and
planning then there is chances of reducing productivity and profits. In all actions, HR manager is
playing vital role who analysis that what are the resources in company have and how employees
can be satisfied. It is managing and retaining employees by following all legalisation that
improve company position. This present report is based on Mark and Spencer company that
fashion retail sector company in UK and it has many stores in different areas. This report
highlights on labour market trend, required anticipated and current skills, process which
contributes to effective recruitment and selection. In addition, it involves human resource cycle
in context to HR strategy.
About Mark and Spencer
Mark and Spencer is greater British multinational company retailer whose headquarter in
London. This organisation was founded in 1884 by Michael Marks and Thomas Spencer for the
purpose of providing lifestyle products and services to customers. This organisation has 959
stores across UK involving 615 that only sells food products. The manager of organisation is
following the current market such as needs and wants of people then provide products and
services accordingly. All activities and functions are managed by people and HR manager who
maintain the activities. This organisation is getting higher profits by selling the number of
products and services (Chavaha, Kuntonbutr and Jaturat, 2019).
LO1
P1 Current labour market trend which influences talent management
Talent management refers as process which is used by people in order to showing their
talent and skills in order to perform all activities and functions effectively. Labours are consider
as assets of organisation who understand the goals and perform their actions in order to attain
them effectively. It is important for management that to focus on labour trend and current trend
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in market then bring changes accordingly so employees can retain in organisation for long
period of time. In context to Mark and Spencer, there are many employees who are working by
selling the products and, operating activities, focusing on administration, warehousing, cleaning,
financing and other activity that helps to manage a business by using their talent (Al Barwani,
2019).
Types of Labour Requirements
In all companies, functions and activities are performed by managers and labours by
assigning their working as per their talent and skills which help top fill the customer requirement
and maintain the high profitability in competitive environment. In Mark and Spencer, all
employees are equally responsible and important to perform their activities which helps to
increase the organisational sales and brand image in competitive business environment. In this
organisation, there are different type of labour market that are as elaborated:
Unskilled Labour – When people and labours are not educated and skilled, work
according to their capabilities and talent is known as unskilled workers. It is not compulsory for
all employees to have a highly skilled qualification but also having talent and interest can help to
provide job opportunities in which they do well. This type of employees are usually working in
construction sites, manufacturing industry, factory, meal, mine etc. Moreover, they works as
cleaner, security guard etc (Kiai, Lewa and Karimi, 2019).
Semi-skilled Labour – These are consider as little bit educated people and employees
who have required a small amount of training and development programme to do a specific task.
They do not have right to make major decisions. In Mark and Spencer, some employees are semi
skilled who works as delivery man, cleaner and transportation work that helps to work and
manage the business activities (Filippus and Schultz, 2019).
Wage Employees – These are categorised in to daily wages and salary bases employees
who have skills, degree and experience to work. This helps to manage the performance by
managing and controlling all activities that helps to perform well and increase the organisational
profitability. In Mark and Spencer, such type of employees needs training and development
programme to complete particular task and work which is assigned by top authority. This helps
to increase the selling activities and maintain high profits (Rohida and Akbar, 2019).
Contract Labour – Such type of labour are works and hired for performing specific task
who gets a fixed amount of wages and commission that helps to manage activities. In Mark and
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