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 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.
Use the Talent Management Plan outline below to complete this assignment.
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
The Talent Management Plan Final Paper
•Must be 10 double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center (Links to an external site.)
•Must include a separate title page with the following: ◦Title of paper
◦Student’s name
◦Course name and number
◦Instructor’s name
◦Date submitted
•Must use at least six scholarly sources in addition to the course text. ◦The Scholarly, Peer Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
•Must document all sources in APA style as outlined in the Ashford Writing Center.
•Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center.
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