Talent Acquisition Is An Important Aspect Of A Firm 's Human Resource Management Strategy

1. Be able to explain the factors that affect an organisation’s talent planning, recruitment and selection policy.

Talent management tend to be critical, however most of the organizations end up flounder in the case of effectively leveraging a state of the art technology solution. The basis of the difficulties comes from the business benefits that have sharply diminished in the event of failure by the organization to take advantage of talent solutions that have integrated completely with the core human resource system of records as well as with one another, (Bill Millar, 2007). Due to this, organization will always fail to have a decided competitive advantage on the part of

This paper is going to describe OCBC’s unique approach to talent management and development. Compare OCBC’s approach to talent management and development to other organizations you are familiar with (e.g., current or past employers, a family business). Explain how OCBC’s approach to talent management and employee development been a primary contributing factor to the firm’s success. Evaluate the extent to which OCBC’s approach to talent management and development fits other organizations or industries, including some limitations if applied elsewhere without modification.

This report has been written on Talent Planning, within this report the following will be indentified and assessed: At least four ways that affect the organisations approach to attracting talent, three organisation benefits of attracting and retaining a diverse workforce, three factors that affect an organisations approach to recruitment and selection methods, three purposes on induction and how they benefit individuals and organisations and I will include our organisations induction plans that will identify areas covered in the plans, including timelines and those involved in the process.

The Talent Acquisition Team also provides direct support to Branches. The Talent Acquisition team comprises a manager, and dedicated Talent Acquisition Specialists. The team liaise with branches to forecast staff resource needs and then facilitates the recruitment and selection process. All recruitment and selection is compliant with our policy and procedures, that includes reference and probity checks.

The issue with many companies today is that their organizations put tremendous effort into attracting employees to their company. The process of attracting and retaining profitable employees, as it is increasingly more competitive between firms and of strategic importance, has come to be known as the war for talent.

Identify and assess at least 4 factors that affect an organisation’s approach to attracting talent.

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.

In the growing and competing business world today, it solely reflects on the HR manager to practice the best strategies in the recruitment and selection process while recruiting the best among the vast talent that is available. The HR Manager’s decision in selecting the right candidate is essential in the development of an effective workforce leading successful organisations. A successful employment relationship builds excellent talents and a perfect organisation (Salamon 1998:3).

In order for corporations to remain competitive in the business market, they will need to attract the talent. The talent will go to the companies that give them the best

A strategic management program is imperative for any successful business in today’s company environment. Organizations are willing to spend not only time, but also invest millions of dollars in the talent management programs because of the obvious benefits the programs create such as employment engagement, customer satisfaction, absenteeism, turnover, employee loyalty, and union avoidance. Talent management programs consists of many critical components that when organized properly foster a setting of continuous growth and success. These components of an effective program include: 1. Onboarding 2. Training and development 3. Performance management 4. Employee engagement 5. Succession planning 6. Mentorship 7.Work Life/Balance 8. Offboarding. Organizations must ensure that they have the human resources capabilities readily available to meet the current and future requirements of an ever changing demand. Therefore, having a strong talent management program is critical and incorporating each of these components will ensure that the talent management program is successful.

Talent acquisition, retention and development is becoming into the range as one of the most critical elements of Human Resource Management. For years, companies have struggled to capture market share through economization and downsizing, while growth had seemed to take a backseat. New technology and tools are now available to address attracting, developing and retaining talent.

Internal sourcing often lies at the core of an organization’s recruitment system and a lot of times current employees are usually considered first when a job becomes available particularly for organizations whose talent philosophy supports promotion from within, such as the company I work for, therefore making internal sourcing more effective than external sourcing. Due to the fact that current employees can quickly grasp the concept of the skills and information needed for the position once hired, a lot of companies try

Talent management involves a series of steps, seeking then strategizing. Talent management ensures staff skills are nurtured. Otherwise, employees feel wasted and eventually opt to move, taking with them valuable skills (Knowhow Nonprofit, Talent, and succession management,). Before the commencement of the talent management process, a leaders’ meeting should be held to identity that competences are integral and primary in steering the organization in a forward direction (Webster, 2008). It involves identifying the strengths of each to know which to keep and which to let go (Cannon and McGee, 2002, p. 11). Once identified, the next step is maintaining them and facilitating their growth. Instead of seeking to hire new members, which may be time-and-resource-consuming, it would be more appropriate to improve the already existing talents.

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