Contemporary Management: Talent, Leadership & New Initiatives

This report examines contemporary management issues, focusing on human capital development, talent acquisition, and the role of leadership in executing new initiatives, particularly in response to the COVID-19 pandemic. It discusses theories, models, and external factors shaping human capital, evaluates existing organizational policies for talent acquisition and change management, and highlights the crucial role of leaders in implementing new strategies. The report also provides recommendations for organizations to survive and thrive in the new normal, emphasizing virtual contact, flexible working hours, and progress tracking. The analysis draws upon various sources to provide a comprehensive overview of the challenges and opportunities facing management in the 21st century, with a specific focus on Deloitte's approach to these issues.

Contemporary
Management Issues in
the 21st Century

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
Discussion of theories, models and external factors that shape the development of human
capital.....................................................................................................................................3
Discuss and evaluate existing policies of organisation in context of talent acquisition.........4
Role of leaders in executing new initiatives within the organisation.....................................5
Recommendations to organisation to survive as well as thrive in the new normal situation. 6
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Staff management is termed as the process of planning maximisation of the presentation of
employees that make sure that all the roots are in effective position and at effective time also. In
the contemporary period of time, management are switching towards adapting new methods of
working by which they can sustain in the condition of the COVID – 19 and deal with the
variation efficiently. One of the fundamental issue that is faced by the business is to maintain
their workforce unlikely (Abbas, and et.al., 2021). The management consider in this report is
Deloitte. It is an international professional facility network that was developed in the year of
1845 and its headquartered is in England, United Kingdom. The management are globally
present in around 150 nations that present their higher market existence and market share. The
following report covers the scenario of the factor that form growth of human assets and the
functions of the leadership in executing new sections to trade with the conditions of COVID – 19
and maintaining staff faculty efficiently.
TASK
Discussion of theories, models and external factors that shape the development of human capital
External factors that shape development of human capital:
As there are several components that will have effects on the growth of human capital on
business. In respect to know their extrinsic components, PEST analysis is applied and as follows
-  Political – The laws and regulation imposed by the administration at the time of COVID
– 19 pandemic condition that pushed staff faculty to work from home. This section had
pushed Deloitte to concentrates on growing their human capital by efficient human
resource tactics. Economical – The condition of COVID – 19 issue have negative impact with high rate of
unemployment in the nation (By, 2021). It will resulted in a suitable opportunities for
Deloitte to manages high skilled respective for their business and efficient form their
human assets. Social – The social term of external factor involves several aspects like staff faculty
union at management and social group that require to be taken into consideration by the

business of Deloitte. It is critical that enables for efficient growth of human capital in an
effective way.
 Technological – The technological factor plays significant role in allowing the business
at Deloitte to hold and create their human resources by using several aspects like social
media and as well as digital media in respect to accomplish high skilled workforce.
Role and influence of information and communication technology
The data and communication techniques plays significant role that relates to efficient
organisation of an organisation. As there are several aspects of ICT that enables Deloitte to
efficiently maintains their business in the condition of COVID – 19 pandemic situation (Calma,
and Davies, 2021). It presented roles as with that how ICT can have an impact on business
organisation at Deloitte in relation to COVID – 19 condition - Enhanced communication – It will enables the business at Deloitte to develop a
framework and in order to manage the medium of communication in relation to their
workforce. It will enables the business to efficiently maintain their staff members in the
condition of COVID – 19 pandemic and make sure higher term of profitability that is
managed.
 Encourages strategic thinking – The framework of ICT will have an impact on growth
of efficient tactics that are based on gathering data relation to their workers. It is
effectively advantageous for management in the conditions of COVID – 19 as workers
can manages their data by efficient communication mediums in respect to resolve the
problems. It will led to insertion of efficient organisation of the business.
Discuss and evaluate existing policies of organisation in context of talent acquisition
Polices for talent acquisition
The management have several policies in terms of talent acquisition that enable them to
hold effective respective for the business (Escribal, 2021). Talent acquisition policies in Deloitte
are as follows - Gender equality – This policy will allow the business of management to eliminate the
aspects of gender inequality and allows the business to accomplish skilled respective
irrespective of their gender.
 Qualification – This talent acquisition policy will enables the business to make sure that
it is capable to accomplish high qualified and skilled respective in their business. It

enables the business to allocated their job duties to talents respective who have higher
level of productiveness.
Policies for change management
The business of Deloitte have several policies that are related to change management
procedure that enables in presenting changes in an efficient way in the business. Such policies
are as follows - Submittal of a Change Request – The argumentation of change management at the
management will enables the business to covers their employees in their decision making
procedure at the time of presenting variations (Harrison, Galland, and Tewdwr-Jones,
2021). It will support in creating efficient dealing with workers that support in decreasing
actions of variations.
 Review of change policy – This argumentation will enables the business to efficiently
critique variations that are planned in the business and include their workers to take their
action in respect to increase the effects of effective variations in the business. It support
the business to meet their strategic managerial targets in high way.
Role of leaders in executing new initiatives within the organisation.
By having impact of COVID – 19 pandemic situation in Deloitte, they maintain their
workforce performance and development at the time of facing particular issues. The leaders of
the respective business try to maintain their mission and vision in respect to eliminate the crises
in an efficient way. The spirited leaders make perform their roles to make targets and try to
accomplish it. It support the leaders for taking decisive activities that are based on effective
knowledge that they hold the development in the marketplace. According to the above new
initiatives, the leaders have chance to allotted their task efficiently and make their workers more
encouraged in the business (Hirschi, and Koen, 2021). The leaders should try to arrange meeting
with their managers of the business to overcome their problems that they are facing at the time of
their work from home sections.
The leaders of the business should be think and react diversely that are linked to be
followed and risk can be take effectively with the aim of development in the marketplace. The
requirement is to perform work and accomplish high effective section in the market and gain
efficient development in the business and attain suitable successive development in marketplace
and gain higher effective methods that are linked to above followed initiatives. All of such

sections are linked to leadership that is significant things that support the business to respond,
retrieve and prosper the aspects for become the basic leaders of the business in an efficient and
suitable method.
Recommendations to organisation to survive as well as thrive in the new normal situation
In respect to operate and sustain in the condition of pandemic and distant running, it
follows some recommendation that are discussed beneath - Maintain regular virtual contact – It is recommended to high regime of management to
effectively manages practical dealings with the workers who are distant performing as
this will support in creating link with them in an efficient way (Rogers, and et.al., 2021).
In respect to it, it will also help the business to manages effective relationship with
workers and encourage them to perform work with full potential that lead to
accomplishment of targets in effective time. Flexible working hours – It is advised to executives of management to appoint workers
to manages their case and pass on that program to business that support in informative the
demand and increase ratio also. In respect to it, this will also support the business to
encourage their staff workers and make sure that they are working with full potential to
accomplish targets in effective time. Hence, it will support in maintain their workers
more efficiently at their house that lead to contentment and holding of workers that is
essential to acquire high development and occurrence at market.
 Track workers progress – In respect to maintain their workers distant and manages their
presentation, it is essential for high government to manages the execution on regular base
(Sklair, and Glucksberg, 2021). It will support managers of Deloitte to offer feedback to
workers about where they have deficiency and enhance it in effective way. It will also
help the business to offer activity to such workers that are in requirement and satisfy their
aims on time.
CONCLUSION
From the above mentioned report it has been concluded that, staff organisation is essential for
business to manages with the current condition of COVID – 19 and to manage the presentation

also. It is identifies that techniques deals with effective function in maintaining distant
employees that support to deal to communicate, track and measure their performance of staff
faculty in effective way.
REFERENCES
Books and Journals

Abbas, J., and et.al., 2021. The role of social media in the advent of COVID-19 pandemic: crisis
management, mental health challenges and implications. Risk management and
healthcare policy, 14, p.1917.
By, R.T., 2021. Leadership: In pursuit of purpose. Journal of Change Management, 21(1), pp.30-
44.
Calma, A. and Davies, M., 2021. Critical thinking in business education: current outlook and
future prospects. Studies in higher education, 46(11), pp.2279-2295.
Escribal, F., 2021. Political agenda and challenges for practitioners and researchers. Cultural
Management and Policy in Latin America.
Harrison, J., Galland, D. and Tewdwr-Jones, M., 2021. Regional planning is dead: Long live
planning regional futures. Regional Studies, 55(1), pp.6-18.
Hirschi, A. and Koen, J., 2021. Contemporary career orientations and career self-management: A
review and integration. Journal of Vocational Behavior, 126, p.103505.
Rogers, J.R., and et.al., 2021. Contemporary use of real-world data for clinical trial conduct in
the United States: a scoping review. Journal of the American Medical Informatics
Association, 28(1), pp.144-154.
Sklair, J. and Glucksberg, L., 2021. Philanthrocapitalism as wealth management strategy:
Philanthropy, inheritance and succession planning among the global elite. The
Sociological Review, 69(2), pp.314-329.