Talent Management Plan

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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 assignment of the course builds on the work you have completed throughout the term. For this assignment, 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.

In Week 4, you started an initial draft of the Final 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 assignment.

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 provides rationale
  • an evaluation that evaluates several talent selection methods, and addresses the four listed components
  • 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, and identifies instruments and/or assessments that could be used
  • development of a succession plan by addressing the five listed components
  • development of a strategy to identify the reasons for increased turnover among employees, and designs a retention strategy

A successful final draft of any paper should be the product of brainstorming, outlining, and writing multiple drafts. This assignment will prepare you for the Final Paper in Week 6 and allow you to become acquainted with the resources in the Ashford Writing Center. Ashford Writing Center is a free service to students, offering writing resources, live chat support, and feedback on paper submissions.

Purpose: The primary goal of this assignment is to engage you in a paper review and revision process with the support of a writing specialist. The outcome of this assignment is a draft of the Final Paper due in Week 6.

Instructions:

  • Create a working thesis and introduction.
  • Create a draft of all required sections outlined below.
  • Summarize your draft with a conclusion paragraph.
  • Submit your draft to the Ashford Writing Center and to Waypoint.

    Your paper will be returned by the Ashford Writing Center within 24-48 hours of submission. A tracking number beginning with “ntp” will be included at the top of your reviewed paper with feedback from the Ashford Writing Center. You will be prompted to share this ticket number in a Week 5 discussion.

Prepare: Look ahead at the Week 6 Final Paper. Carefully review the “ABC Athletics Co.” case scenario and make note of each required sections in the Talent Management Plan outline. Begin with an outline and include all of the headings and subheadings. Craft a thesis and introduction. For your assignment, write a six- to seven-page draft (excluding the title and references page) of the Final Paper. The draft should contain a working thesis, an introduction, at least a partial draft of each required section of the final paper, and a conclusion.

Workforce Planning

  • Create a staffing plan forecasting recruitment needs.

Talent Sourcing

  • Evaluate two to three specific recruiting methods.

Talent Selection

  • Evaluate selection methods and develop a plan for interview process.

Onboarding

  • Explain components of the onboarding and orientation program.

Employee Development and Engagement

  • Explain how development solutions promote engagement.

Performance Management

  • Formulate a strategy on performance assessment.

Succession Planning

  • Develop a succession plan for the organization.

Talent Retention

  • Develop a retention strategy for the organization.