Resource and Talent Planning

P1 Current labour market trends that influence talent management and workforce planning

Workforce planning is a an effective approach which is adopted by organisation's in order to meet needed requirement of organisational goals and objectives. This approach is used by organisation at regular basis need of human resource can be fulfilled in the given time frame.

Workforce planning: It is a continual process used to align the needs of the organisation with its workforce to create a balance between them. Also it ensures a proper balance between its basic requirements such as regulatory, service and production etc. and the objectives of the organisation. It is the duty of the HR in this to ensure that right people are hired for the right position thereby minimizing the risks associated with executing business strategy.

Current labour trend

Business organisation are updating their operational activities as well as other decision making process in order to enhance their growth rate. For this, company requires huge number of employees who can contribute in business activities for achieving their targeted objective. In relation to HR manager of Argos, this initially analysis recent labour market trend for the purpose of using best suitable one for their company. This trend helps organisation finding out employees who can be hired by the company on the basis of their needs.

Some of important market labour trend are described as below:

Part time Job: The main focus of human resource managers of Argos Ltd. is to retain most of their employees for a longer run as much as possible and to fill vacant positions by recruiting more employee's in the organisation. It is necessary for Argos Ltd. to recruit and utilise the strength of part time employee's also so that it will bring more efficiency in their working environment. There are many people who are unable to do a full time job so it is the responsibility if human resource to recruit them as a part timers and utilise their talents in a favour to increase productivity of an organisation

Work from home: As per the recent trend of labour market, work from home is considered as the best suitable option which preferred by employees. Because, it allows employee to perform their job responsibility from their home only. In relation to the HR manager of Argos, the team can avail this facility to its accounts department as they can receive their relevant detailed data from the company. These employees can do their work in best suitable hours and also coordinate with the office employees in their working hours.

Flexible working hour: Now a days, organisation also increases level of flexibility for employees. Here, flexibility means working time, it can be said that management department of Argos, can give this liberty to its employees in at least 4 times a month as every employee has their own responsibility in their personal life which which gets affected by their working life. Therefore, it can be said that if this trend is used by the company. It will help them in influencing number of candidates at market place so that they can be

Education and training outlook: The recent trend of education and training among labour influences every organisation to adopt this strategy. The human resource department of Argos Ltd. are currently recruiting more employee's in the firm and providing them appropriate training in accordance with their job profile. They also guides and motivate their employee's in terms of their education course which they want to pursue while doing a job in a organisation. It will help a firm to create a positive relation between a company and it's employee's that will simultaneously led to the overall development of both employee's and a firm.

P2 Different types of legal requirements for workforce planning

Workforce planning is a strategy used by an organisation to identify labour needs and deploy workers efficiently by human resource technology. It is essential for organisation to identify all legal requirement before workforce planning as it is plays vital role in analysis of labour demand, trend analysis and supply forecasting.

In context to Argos Ltd. can use trend analysis to collect data and information that affect the future state of the firm. It will help the HR managers of Argos Ltd. in anticipating the employment data and anticipate the changes to develop an appropriate strategy for a business entity to meet market needs of dynamic business environment . It helps business entity to predict future events and also use to estimate uncertain events that occurred in past. It helps a business entity to move with the trend not against them. It has been observed that there are certain type of legal requirements which are required by an organisation to consider while planning for workforce in th

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