MN7181- STRATEGIC EMPLOYEE RESOURCING & TALENT MANAGEMENT

Strategic Employee Resourcing and Talent Management

What is strategic employee resourcing?

For a business to effectively and efficiently pursue its business goals, its human resourcing should be aligned with its strategic planning and overall business goals. It is a process that identifies current and future human resources needs for an organization to achieve its goals. Preparing plans for finding people from within the organization and/or for training programs to. Help people learn new skills. (UKEssays is a trading name of All Answers Ltd, 2019)

Different components of strategic employee resourcing

Strategic resourcing is a key part of strategic human resource planning, matching human resources to the organization's strategic and organizational needs and ensuring that these resources are fully utilized. Thus it can be said that human resource management plays a vital role in filling the gap of human resource need in the organization through the process of strategic resourcing. The different components of strategic employee resourcing are,

·         Human Resource Planning

·         Developing employee value proposition

·         Resourcing plans

·         Retention plans

·         Flexibility

·         Talent Management     (Hearst Newspapers, LLC, 2019)

Method of Recruitment and Selection

Whether you’re running a small or big company, there is always a need of hiring the right employees. And it is very difficult to find such employees without having a knowledge of different recruitment models. Here are some forms of hiring models that are widely used in the job market today,

·         On Demand Recruitment

·         Contingency Hiring

·         Retained Search

·         Exclusive Requirements

·         Recruitment Process Outsourcing (RPO)

·         Outplacement Executive Search                       (A Medium Corporation, 2019)

What is Employer Brand

Employer brand is a term used to describe the prestige and success of the business from the viewpoint of a potential employer and describe the values offered to its workers by the company. It is the process of creating and maintaining company’s employer brand and employer brands are the mirror of the company's Employee Value Proposition. Employer advertising is used to promote the enterprise as a great place to work in a modern business environment of talent acquisition. It is used to connect and attract new, usually passive, workers with current employees. (TalentLyft , 2019)

What are the selection process

The Selection is a process of picking the right candidate with prerequisite qualifications and capabilities to fill the jobs in the organization. (business jargons, 2019)

The selection process involves systematic steps,

·         Preliminary Interview

·         Receiving Applications

·         Screening Applications

·         Employment Tests (Depending on the need)

·         Employment Interview

·         Checking References

·         Medical Examination (Depending on the need)

·         Final Selection

(business jargons, 2019)

Talent Management

Talent management is the full scope of HR processes to attract, develop, motivate and retain high-performing employees.  Just like employee involvement or employee recognition, it is the stated business strategy that will ensure the attraction of top talent in competition with other employers. (Dotdash publishing family, 2019)

Can include the following systems when approach talent management as overall business strategy to recruit and retain talented employees.

·         Recruitment planning meeting

·         Job description development

·         Job post writing

·         Application materials review

·         Phone or online screening interview

·         Making the job offer to the selected person

·         On-the-job training

·         Goal setting and feedback

·         Coaching and relationship building by the manager

·         Ongoing employee development

·         Promotions, lateral moves, transfers               (Dotdash publishing family, 2019)                

 

 

 

Talent management importance

The most important functions of Talent Management are as follows,

1.      Establishing a high-performance workforce

2.      Attracting individuals with high potential and retaining them through proper training and refreshment

3.      Increasing the productivity of the organization

4.      Proper time management, as untrained and unskilled

5.      Retain talented and high-performing employees.

6.      Ensuring growth and innovation in the organization

7.      Developing skills and competencies in employees

 

Bibliography

A Medium Corporation, 2019. A Medium. [Online] Available at: https://medium.com/@movanti12/different-types-of-recruitment-models-choose-the-best-one-for-your-company-1baf311df592 [Accessed 05 November 2019].

business jargons, 2019. Business jargons.com. [Online] Available at: https://businessjargons.com/selection-process.html [Accessed 06 November 2019].

Dotdash publishing family, 2019. The Balance Careers. [Online] Available at: https://www.thebalancecareers.com/what-is-talent-management-really-1919221 [Accessed 07 November 2019].

Hearst Newspapers, LLC, 2019. Chron.com. [Online] Available at: https://smallbusiness.chron.com/brief-description-employee-resourcing-15995.html [Accessed 05 November 2019].

TalentLyft , 2019. Talentlyft.com. [Online] Available at: https://www.talentlyft.com/en/resources/what-is-employer-brand [Accessed 06 November 2019].

UKEssays is a trading name of All Answers Ltd, 2019. UKEssays.com. [Online] Available at: https://www.ukessays.com/essays/commerce/the-objectives-of-employee-resourcing-commerce-essay.php [Accessed 02 November 2019].