Resourcing Talent (3RTO)
Activity 1 – Word Count: 1272
Identify and assess at least 4 factors that affect an organization’s approach to attracting talent.
Market Demand/Supply for Talent:
Depending on the nature of the business, organizations will require various sets of talents (skill, knowledge and capabilities) that contribute towards the their growth and success. Markets in general have high supply of some talents and low of others. Based on the talent requirement of the organization and the market in which it operates, it will have to alter its approach towards attracting the required talent. This may involve adjusting factors like remuneration, long & short-term benefits, career prospects, trainings, etc.
Organizations
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In addition to being cost effective it can also provide incentive for the existing employees to perform better in their current roles to get promoted quickly. This can have a positive impact on the overall performance of the organization
Newspaper Ads:
This is a quick and easy way to notify the market about the available jobs in the company and attract a large number of candidates. Newspaper ads are also less costly compared to using headhunters for finding the right candidate.
Recruitment Fairs:
Recruitment fairs can be very cost and time efficient, particularly in to fulfill bulk recruitment needs of the organization. This also gives companies the opportunity to connect with other potential talent that might not be immediately required by the company, but, helps in building a great talent pipeline for future talent needs.
Having compiled a list of candidates who are interested in the job, the task now is to select one of them. Below are some types of selection procedures and their advantages:
Application forms
These provide key information about the candidate in structured and consistent manner that is needed for a specific position. It speeds up the initial screening process. They can also form the basic starting point of the personnel record and are generally very easy to use and record.
Interviews:
It provides the manager to ask relevant question that are
This allows the candidate to fully understand what the job role involves before apply for the job. It allows candidates to figure out if they’re suitable for the requirements which the organisation is looking for, this can normally save time if the candidate believes the job role is not suitable for them.
* Supply and demand; Organisation will have to look at supply of the talent. If the supply is low and demand high use of internal resources will be necessary by forward planning, supply of specialist training
How many years this person has stayed in a job what certificates gain during this time also recognition as well within the company while working there. The stronger your qualifications are the higher the chances you get selected for the positon. It is very critical that everything is on the clear as far as work history personal and management references job performance a must. Make sure you have the necessary experience and education and past job duties qualifies for the job applying
Credentials Assessment. It is very important to know what experience and skillset a candidate brings with
Throughout this school semester in Mrs.Pinkowski class of CIW and Business Careers, Mrs.Pinkowski has taught me a lot about business careers and what it’s going to be like to be in a business career and I hope someday I will become a computer technician. Here are some things I’ve learned about CIW and its business careers and how it will benefit me in being a computer technician.
3. Be able to reflect on own practice and development needs and maintain a plan for personal
As we enter the 21st century, workforce diversity has become an essential business concern. In the so-called information age, the greatest assets of most companies are now on two feet. Undeniably, there is a talent war raging. No company can afford to unnecessarily restrict its ability to attract and retain the very best employees available.
Talent is the main driving force for business success. Talent management is a process by which an organization identify, attract, manage, utilize, retain, develop and engage people to meet current and future needs (Mucha, 2004). Business need to understand and respond to their employees needs in the workplace. The completion to acquire talented workforce become more strategic than ever before. Companies in today’s talent market faces a curious paradox In both economic downturn as well as at the height of a boom. Effective talent management is essential to achieving organizational
Talent Management will be divided into subheadings such as the concept of Talent Management; which will highlight that yes, Talent Management is important and is a commonly used term in the corporate world but there is not enough academic research behind
The talented employees in the organisation must be retained and developed as a high performing workforce. Managing talent should be used as a business strategy to attract and retain an active workforce.
Talent management manages any downfall risk in workforce and improves the return on investment invested in developing employees which helps in forecasting and managing risks (Cappelli, 2008). In the present era of corporate world the companies are competing on the basis of talent and skills of the employees which results in the tremendous increase in hiring by the companies. Companies believe that by attracting and retaining best employees they can achieve higher market share and profits. The findings of McKinsey study in 2001 reported that high-performing managers are able to grew revenue and profits by 50 to 130
This step is the most important in the selection process. It is in this step that employers and potential employees get to know more about each other. There are interview guidelines that ensure a careful interview process
Beardwell and Thompson (2014) Define Talent as an individual whose skills and aptitude are adaptable across many other areas and can make a difference to an organisations overall performance. Many researchers differ in their understanding of what is Talent Management, thus there is little consensus among the literature. Collings and Mellahi (2009) suggest that the topic Talent Management has received a huge degree of interest from both academics and practitioners. McDonnell (2010) argues that the Talent Management is unpredictable and that there is nothing concise about Talent Management. According to Thunissen, Boseile and Fraytier et al 2013 notes that Talent Management as a topic is becoming a criteria that
Sorting the CV’s or application forms received into a shortlist for interviews, decide on individual or panel interviews and finally the method of collecting references.
Talent management can be defined as a concise action plan which outlines how an organization acquires, cultivates, retains and organizes the required talent to the organization’s current