Homework: Talent Management Plan
Talent management is an integrated process that is designed to attract, retain, and develop employees and serves as a key component to an organization's success. An organization's ability to adequately recruit new talent and fill positions will depend on an effective talent management plan. Each week, you explored key processes of talent management including workforce planning, talent sourcing and selection, onboarding, employee development, employee engagement, performance management, succession planning, talent retention, and compensation. The final homework of the course builds on the work you have completed throughout the term. For this homework, you will take on the role of an HR director to develop and design a fully integrated Talent Management Plan.
Case Scenario
The mid-sized company, ABC Athletics Co., is now experiencing sales growth and will need to hire additional employees to keep up with demand. The organization experienced an increase in turnover rates among production workers in the past five years and expects it to continue over the next three years. ABC Athletics Co. also expects to lose 10% of its workforce through retirement. It is apparent that the talent management process needs improvement and the organization must be better prepared to respond to short-term and long-term changes in the workforce. As the HR director, you recognize the need for a new, comprehensive, and integrated talent management approach.
You started an initial draft of the Paper. Now you will incorporate the feedback that you received into your final Talent Management Plan. Use the Talent Management Plan outline to complete this homework.
The Talent Management Plan Paper should include:
i. A staffing plan forecasting recruitment needs including a strategy for replacing the 10% of the workforce lost to retirement
ii. Job descriptions for three new positions
iii. An evaluation of two to three specific recruiting methods for sourcing candidates, and provides rationale
iv. An evaluation that evaluates several talent selection methods, and addresses the four listed components
v. An explanation of the components included in the organization's onboarding and orientation program
vi. An explanation of how employee development solutions can promote employee engagement
vii. A formulation of a strategy on assessing performance, and identifies instruments and/or assessments that could be used
viii. Development of a succession plan by addressing the five listed components
ix. Development of a strategy to identify the reasons for increased turnover among employees, and designs a retention strategy
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.