Talent planning in organisations
Before an organisation is able to carry out talent planning activities there are a few contingencies and factors that could affect the business in resourcing talent affectively. One of the main factors to consider is the location of the business. The location could mean there is a lack of talent or abundance. For example an IT company would attract the best talent from either Silicon Valley or Bangalore, however if the company is based in Glasgow how will the convince the best talent to come and move there. A second factor is the budget. This is an issue for smaller or start-ups. Not having the right amount of budget or having no budget means you are restricted to the resources you can use to attract the best talent such a specialist recruitment agencies or advertising on industry specific job boards as they can be quite costly. Business objectives a further more factor. As one of the objectives of the company would be to have good retention of staff however that might mean if they doing a good job of the retention of staff they might not necessarily need to hire new staff. Lastly whether a company is growing or expanding is another factor. If a company is expanding than this will have to be taken into account however if a company is not expanding will increasing or atleast attracting talent be made more difficult? As potential employees will want to work for a company that is growing and not one that is shrinking or making cut backs. While a company is thinking about recruiting talent they also need to realise the benefits and strengths of having a diverse work force. For example one of the benefits is you will attract more skills and strengths with a diverse work force. BY recruiting from only one region for example you could not get the expertise of someone who might be in the same industry from a different region who would know the market better. As a result of this another benefit is getting different points of view. By...
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