Factors that affect talent planning
A report to identify, discuss and assess the nature of Talent Planning in organisations
1. Introduction
2. Attracting talent
3. Diverse workforce
4. Factors that affect recruitment and selection
5. Recruitment and selection methods
6. Induction
7. Concluding statement
1. Introduction This report aims to assesses factors that affects organisations ' approaches towards: attracting talent; recruitment and selection (including an investigatory approach to specific methods used); obtaining a diverse workforce; the process of induction (including a model of an effective induction plan).
2. Attracting Talent
2.1 Brand Identity
“‘Brand Identity’: How a business wants a brand’s name, communication style, logo and other visual elements to be perceived by consumers.” (www.investopedia.com 07/10/14) An organisation with positive image will find it easier to attract and retain employees than the organisation with the negative image, this is due to the aspiration qualities associated with a positive image (i.e. wealth, style, charitable nature etc). A business who hasn 't been well established in its market will find it more difficult to attract new employees than business who is well know, because it’s perceived to be more economically stable.
2.2 Economic Environment
The economic stability and funds available to expend on recruitment will have a direct impact on the quality of recruitment processes. One way in which this affects recruitment is effect on how and where the company advertises, premium recruitment sites charge high fees (however, have very high foot-fall), which non-established or struggling companies would not be able to afford, thus not reaching out to as wide an audience as more successful businesses. Another key factor is the salary and benefits that can be offered to potential employees, either showing competitive rates or lower rates, therefore reducing interest from potential employees.
2.3 Legal restrictions
Laws also have influence on
1. Introduction
2. Attracting talent
3. Diverse workforce
4. Factors that affect recruitment and selection
5. Recruitment and selection methods
6. Induction
7. Concluding statement
1. Introduction This report aims to assesses factors that affects organisations ' approaches towards: attracting talent; recruitment and selection (including an investigatory approach to specific methods used); obtaining a diverse workforce; the process of induction (including a model of an effective induction plan).
2. Attracting Talent
2.1 Brand Identity
“‘Brand Identity’: How a business wants a brand’s name, communication style, logo and other visual elements to be perceived by consumers.” (www.investopedia.com 07/10/14) An organisation with positive image will find it easier to attract and retain employees than the organisation with the negative image, this is due to the aspiration qualities associated with a positive image (i.e. wealth, style, charitable nature etc). A business who hasn 't been well established in its market will find it more difficult to attract new employees than business who is well know, because it’s perceived to be more economically stable.
2.2 Economic Environment
The economic stability and funds available to expend on recruitment will have a direct impact on the quality of recruitment processes. One way in which this affects recruitment is effect on how and where the company advertises, premium recruitment sites charge high fees (however, have very high foot-fall), which non-established or struggling companies would not be able to afford, thus not reaching out to as wide an audience as more successful businesses. Another key factor is the salary and benefits that can be offered to potential employees, either showing competitive rates or lower rates, therefore reducing interest from potential employees.
2.3 Legal restrictions
Laws also have influence on