Talent management is an integrated process 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 assignment of the course builds on the work you have completed throughout the term. For this assignment, you will assume the role of an HR director to develop and design a fully integrated Talent Management Plan. Prior to beginning the Final Paper, you should review Chapters 2: Retention of key talent and the role of rewards and 4: Reward and retention preferences of the Retention Strategies: The Key to Attracting and Retaining Excellent Employees textbook.
Case Scenario
The mid-sized company, ABC Athletics Co., is experiencing sales growth and must 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.
The Talent Management Plan Final Paper should include:
a staffing plan forecasting recruitment needs including a strategy for replacing the 10% of the workforce lost to retirement;
job descriptions for three new positions;
an evaluation of two to three specific recruiting methods for sourcing candidates and the rationale for selecting one recruiting method as the primary strategy;
an evaluation of two talent selection methods;
an explanation of the components included in the organization’s onboarding and orientation program;
an explanation of how employee development solutions can promote employee engagement
a formulation of a strategy on assessing performance, identifying the appropriate instruments and assessments; and
development of a strategy to identify the reasons for increased turnover among employees and a retention strategy design.
The Talent Management Plan Final Paper,
must be 10 to 12 double-spaced pages in length (not including title and references pages and formatted apa 7
