Talent planning in Organisation
Bringing new people into an organisation is an important function, especially now, when the main focus is on people as organisation's main means of achieving competitive advantage There are many different factors that affect an organisations approach to attracting talent and are both internal and external factors. Some examples of internal factors are
The Size of the Business The seize of a business has a huge impact in attracting talent big organizations woo job candidates by offering them lots of benefits, like bonuses, incentives huge salary. This organisations find it much easier to source talent as they are well-known to the public and are more financially able to advertise a post to get a
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For starters:
– Small businesses are typically less bureaucratic and have closer relationships between leadership and employees.
– In many cases, employees typically have more breadth in their jobs than they usually do in big companies, where people tend to specialize more.
cost of recruitment This can affect an organisations approach to attracting talent as it is very expensive to hire new recruit into an organisation. finance is a major factor as organisations have to advertise the jobs online or through job website or in most cases get recruitment agencies to select the right candidate for them., going with the job description and person specification.
The Image of the company This has a great influence on in attracting talent as well as recruitment and selection . The reputation of the brand this can be both in a positive way as well as a negative way, most people like to work in a well recognised organisation as they believe working in such an environment will have a great impact on their experience and their development. Good image of the company earned by the actions of management helps attract potential candidates, Managerial actions like good public relations can help earn a good image. image.
Image of the job also has an affect such as better salaries and good working conditions are considered the characteristics of good image of a job.
An
The size of the firm is a very important factor in recruitment process. If the organization is planning to
Loyalty to the employer – while this is questionable over the long term, in the short term they would be attracting more leads with a possibility of converting to customers.
Recruitment refers to hiring a best qualified person for a job opening in a cost efficient and timely manner. This process comprises evaluating the job requirement, attracting the candidates, screening and short listing the qualified applicants, employing and incorporating them with new teams. Talent is the most important assert for any business. Talent Management, which includes recruitment, is a crucial part for any organization’s growth (Limor, 2013).
Identify and assess at least four ways that affect the organisations approach to attracting talent
Specialisation – having the required training to do the job well, this also increases productivity.
There are obviously many different factors that affect an organistions approach to talent planning. External factors such as the economic environment can have a massive effect in how an organisation resources and retains talent. For example, in times of high unemployment it is far easier to attract high levels of talent, as there are many unemployed suitable candidates in the job market. Similarly it is easier to retain staff as they are less likely to leave due tot the difficulty of finding new suitable employment. Political factors such as changes to minimum wage may also have an effect on talent planning, it may be that an increase in minimum wage will
* Image of the company; Organisation with a positive image and diverse workforce will have more chances of attracting, recruiting and retaining the talent. Negative image leads to loss of trust from employees current and potential, as well as all business partners or customers.
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.
While it is certainly important to acquire new talent for the organization, it is worthwhile investigating what talent is already available within the organization and if these can be used
This report identifies and assess factors that affect an organisations approach to both attracting talent and recruitment and selection. It also identifies and explains benefits of attracting and retaining a diverse workforce, describes methods of recruitment and methods of selection.
Skills of managers and workers – a more skilful workforce can operate with a wider span of control because they will
1. There are many different factors that affect an organisation’s approach to attract talent. The list below includes some of them.
This can give the organisation a very good reputation which will then attract the right people to the organisation; people who are competent and have the right skills and qualities required by certain job roles
To work in the Human Resource management field you must maintain and improve the company by planning, implementing, and evaluating employee relations and human resource policies, programs, and practices. It is a challenging and yet rewarding field to work in. However, just like every business field, people who work in the human resource department face many challenges when it comes to discrimination.
Talent acquisition is defined as the “strategic approach to identifying, attracting and onboarding top talent to efficiently and effectively meet dynamic business needs” (Erickson, 2012). Talent acquisition has the unique role of ensuring job applicants not only have the right credentials for the job, but also have the right mentality for the job. In other words, the person who ultimately will be offered the job needs to ‘fit’ within the firm’s structure and culture.