Nobody downloaded yet

Analyse and evaluate the overall HR strategy, especially in relation to manpower planning and talent management - Assignment Example

Comments (0) Cite this document
Summary
The role of human resources strategy (HRS) in supporting, or even driving, business strategy has gained increasing academic and practitioner interest and evidence for the past few decades (Lee et al., 2010, p.1351). HRS can support business strategy by ensuring that HR plans and…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
Analyse and evaluate the overall HR strategy, especially in relation to manpower planning and talent management
Read TextPreview

Extract of sample "Analyse and evaluate the overall HR strategy, especially in relation to manpower planning and talent management"

Download file to see previous pages The HR strategy of the company aims to use project management system for HR configuration. The main problems of TNNB are in talent management and manpower planning and outcomes that do not support HR strategy because its HR strategy has not been designed to support business strategy. To resolve these problems, a best fit HR theory and holistic talent management approach are used in changing HR strategy because they can leverage talent management to ensure that manpower supports business strategy and HRS.
HR strategy refers to the total approach and means that an organisation takes to manage workers using formal and informal policies and practices (Wilton, 2011, p.58). HR strategy can also respond to specific emerging organisational issues that require HRM support and changes. An example is talent management issues that might require changes in performance management and talent development. Functional HR strategies correspond to the core areas of human resource management- resourcing, performance management, pay and conditions, employee relations, and development (Armstrong and Baron, 2002, p.149). Each aspect of HRM processes must be interconnected with the HR strategy.
Business strategy defines organisational goals, where the organisation competes with, and how it is going to approach its attainment of goals (Lyneis, 2011, p.69). A company’s business strategy includes company goals, products and services to be offered, target markets, and competitive pricing (Lyneis, 2011, p.69). Business strategy also concerns matching internal skills, knowledge, and resources with opportunities and threats in the external environment (Grant, 2002, p.135). Strategy should not focus on market opportunities only, but address internal strengths and weaknesses and their proper management. Grant (2002) argued for the role of company resources in attaining competitiveness ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Analyse and evaluate the overall HR strategy, especially in relation Assignment”, n.d.)
Analyse and evaluate the overall HR strategy, especially in relation Assignment. Retrieved from https://studentshare.org/human-resources/1633005-analyse-and-evaluate-the-overall-hr-strategy-especially-in-relation-to-manpower-planning-and-talent-management
(Analyse and Evaluate the Overall HR Strategy, Especially in Relation Assignment)
Analyse and Evaluate the Overall HR Strategy, Especially in Relation Assignment. https://studentshare.org/human-resources/1633005-analyse-and-evaluate-the-overall-hr-strategy-especially-in-relation-to-manpower-planning-and-talent-management.
“Analyse and Evaluate the Overall HR Strategy, Especially in Relation Assignment”, n.d. https://studentshare.org/human-resources/1633005-analyse-and-evaluate-the-overall-hr-strategy-especially-in-relation-to-manpower-planning-and-talent-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Analyse and evaluate the overall HR strategy, especially in relation to manpower planning and talent management

Talent Management Strategy

.... Development Path and Focus Stores R Us could develop a focus of approach with respect to its organization. The focus should primarily be on the individual talents of the employees, how they harness their development. It should then be bought in line with the strategy of the Store itself focusing on the overall development of the macro environment. TALENT MANAGEMENT PLAN FOR STORES ‘R’ US. The globally rising needs for the implementation of talent management and the current rate at which competition is arising in the corporate arena it is essential that a plan should formally be devised...
10 Pages(2500 words)Essay

HR Strategy Management

...provision within the organization. Dubai municipality encompasses the following strategies; employment and nationalization, behavioral skills assessment at the assessment center, successive planning and specifying manpower within the organization. The Talent Management Section (TMS) that was formed within the municipality for the same purpose implements this. Specifying manpower would be the most indispensable of all the strategies. This would entail allocating the employees specific work that they have gotten to perform. Individuals are assigned various tasks that they are qualified in doing. This gives and asserts...
8 Pages(2000 words)Essay

Talent Management Strategy

...up with the challenge, Hilti has been employing a number of different talent management strategies that are discussed in detail below. 2. Talent Management Strategy Talent management has grown to encompass human resource management through the active anticipation of human resource requirements. These requirements are tabulated and plans are devised in order to meet the identified human resources needs (Carpenter, Bauer, & Erdogan, 2010). Generally businesses engaged in talent management transfer the grooming of employees from the human...
6 Pages(1500 words)Research Paper

Talent Management Strategy

...the vital intangible asset that cannot be replicated or acquired by the industry rivals. Secondly, human resource has been deemed as the ultimate deliverers of value to the customers and the only key sources for execution of strategies as planned and conceived by the business objectives. Thus especially for organizations which are operating globally, it’s crucial for them to sustain a consistent human resource body in diverse talent environment and manage it locally and internationally (Salaman, Storey, and Billsberry, 2005). Therefore, the power has eventually been shifted from organizations to employees and this has mandated organizations to link and...
5 Pages(1250 words)Research Paper

Talent Management Strategy

...should change to suit these goals as well as to adapt to the ever-changing trends and situations in management (Armstrong, 2007). The changes should be done carefully to ensure that the organization derives maximum benefit from the strategy and achieves its short and long term goals. To achieve this, organization should align the strategy closely with its overall strategic plan and overall organizational needs. The alignment process should be continuous and should demonstrate the ongoing values of employees in the organization (Israelite, 2010). Talent management strategy should change...
7 Pages(1750 words)Essay

Talent Management Strategy

...the goal management strategy to help align employee goals with organizational objectives. This involves packaging and disseminating information down through the organization's rank and file so that every employed is able to see the manner in which their goals affect the success of the organization's overall success. According to Tompkins (2004), one of the strongest methods of talent development is the use of learning and development design. This involves setting and designing training plans that are based upon the input of the employee, strategic planning inputs and overall management. Workshop programs...
6 Pages(1500 words)Term Paper

Talent Management Strategy

...? Talent Management Strategy Introduction With the increased competitiveness in the global economy, it has become a necessity for business organisations to adopt highly productive talent management strategies that give them a competitive edge over rival companies. For a long time, organisations have focussed on basic talent management which involved acquiring, hiring and retaining high performing employees, however, talent management in the current global economy that involve cut throat competition must ensure the management of organisations engage with their high performing employees in order to align the company goals and objectives to the talent management strategy. This paper will therefore analyse a talent management strategy... that...
7 Pages(1750 words)Research Paper

Broad Strategy HR Management

...Introduction to Broad Strategy HR Management There are many approaches to Human Resources, the perspective of human resources as an organization's vital assets, the discussion will move on to a more in-depth discussion of what happens in human resource management planning that will concretize how such strategic planning can indeed benefit the organization in mind. "HR Strategy involves forecasting HRM needs and developing programs to ensure that the right numbers and types of individuals are available at the right time and place" (Sims, 2002, pp. 4) Knowing the human resources determine success, it is...
11 Pages(2750 words)Essay

Human Resource Planning / Manpower Planning

...that every person whom the HR manager recommends for recruitment costs the company a significant amount in terms of salary, training and management costs. Therefore, knowing what value a person will bring to the company and how that value will be utilized by the organization is an essential part of the manpower planning process. There are several techniques and tools used by HR managers to create and access a manpower plan and some of them are discussed below. The Delphi Technique The Delphi Technique is a form of evaluation which entails getting initial opinions and...
7 Pages(1750 words)Essay

Analyse and evaluate the overall HR strategy, especially in relation to manpower planning and talent management

...the company is stable, creating complex and beneficial talent management strategies, and creating a multi level accountability mentality among the employees. Looking at retention and recruitment there are a number of difficult areas to deal with. The company is likely to have a formal succession plan however; the responsibility for applying the strategy varies starting with the human resource management officials, the overall manager, and operations director. Human resource department can also integrate leadership development as a component in talent development. The officers...
8 Pages(2000 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Analyse and evaluate the overall HR strategy, especially in relation to manpower planning and talent management for FREE!

Contact Us