How the current labour market conditions have impacted on resourcing and talent management activities - Dissertation Example

This essay discusses that with the passage of time human resource of the organisations has gained important place in the organisation. The human resource is now viewed as important strategic partner of the overall organisation. For this purpose, organisations are working hard in order to come up with effective and efficient human resource management strategies and policies. Organisations are coming up with appropriate human resource management strategies in order to use the human resource as a source of competitive edge over other competitors in the industry.

One of the important elements of the human resource management is of human resource planning, which allows the organisation to carefully plan the elements related to human resource. With the help of human resource planning and employee resourcing the organisations work to match the demand of the labours with supply of the labours. However, it is important to notice that there are several external and macroeconomic factors which directly influence the process of human resource planning and employee resourcing.

There have been several research studies conducted in order to understand the impact of the external factors on the human resource policies of the organisation. Hence, it is important to consider these external factors while devising the human resource policies. Some of these factors include: conditions of the labour market, economic conditions, etc. Because of all these changing factors the human resource policies and strategies of the organisations should be flexible and should incorporate all important elements. 1.3.

Significance of the Research Study: The research study is of high importance for the human resource professional and analysts along with the organisation who are striving to devise effective and efficient human resource management policies and strategies. The research study will explore the impact of the changing labour market conditions on the activities related with the employee resourcing and human resource planning. It is important to acknowledge here that the human resource policy of any organisation cannot be formulated in isolation and organisations should also consider the external factors.

One of the main factors in this regard is of the labour market. The conditions in the labour market directly influence the supply of the human resource which in turn affects the human resource planning strategies and activities. Apart from this labour rules and regulations also influence the human resource policies of the organisations. The management of organisation ensure that the human resource management policies are according to the regulations imposed by the government. Another important macro environment factor in this regard is of the economic conditions.

The economic conditions impact the labour market and in turn also impact the human resource policies. 1.4. Rationale of the Research Study: The main motivation behind the research study is to understand the impact of the labour market conditions on the employee resourcing and the human resource planning activities of the organisation. The labour market c