5HR02 Talent management and workforce planning
- August 24, 2021
- Posted by: admin
- Category: CIPD Level 5
5HR02 Talent management and workforce planning
About this unit
Talent Management and Workforce planning comprise all gap assessment, prediction, analysis, talent supply and demand, formation of suitable workforce management interventions. All these processes ensure that employees and new hires are the right fit for an organization and achieving strategic goals. Therefore, the unit’s scope encompasses the effects of effective workforce planning in the contemplation of talent development of different bases, outsourcing methods, and new hire orientation. In addition, the unit also involves the projection of the losses an organization may incur in the event of poor management and control measures and tools that would reduce the costs.
What you will learn
The unit will provide a clear perspective into various trends visible in labour markets and their impacts on personnel planning. The unit mainly expounds on the tactics used by organisations to center themselves strategically, such as onboarding and contractual arrangements, and the effects of dynamic labour markets when seeking critical resources. Besides, Talent Management and Workforce planning also provide clarity on succession, pros and cons of different talent sourcing practices for better personnel outcomes, and foolproof plans development. One will also learn how to assess organisational employee retention and turnover and analyze various methods ideal for talent retention, development, and consequently, the establishment of talent bases.
This unit is suitable for persons who?
The essential qualification for the CIPD’s 5th Associate level is completing the CIPD’s 3rd associate level and cuts across all units within the course. However, for persons without a CIPD background, the course is still ideal for:
- R. or Learning and Development professionals who are pursuing managerial positions.
- People with years of work experience in the fields or whose job description involves implementing workforce management, learning and development solutions.
- Learners capable of answering degree-level assignments.
- Professionals seeking to boost their credibility in HRM
Learning Outcomes (L.O.s)
Learning Outcome 1
Completing this section will increase learners’ understanding of non-traditional labour market trends and their influences on personnel planning through:
- The simplification of strategic positioning by drawing examples from cases of rival organizations operating in highly competitive markets.
- The explanation of dynamic labour market conditions such as looseness and tightness impacts resourcing needs and decisions such as hiring, retention, motivation, and contingency planning.
- Description of the roles of trade unions, the government, and employers in developing talent pools that will satisfy future talent demands. For example, creating distinctions between governmental responsibilities such as raising national literacy, skill development levels, and financial support, employers’ roles of providing learning platforms and sourcing skills and trade unions’ lobbying duties.
Learning Outcome 2
The second learning outcome is a better understanding of why personnel planning is a critical aspect in people management which is achieved after:
- The assessment of strategies like demand and supply predictions that effectively support personnel planning.
- Analysing the benefits of effective personnel planning from labor supply and demand gap predictions and precise workforce planning interventions.
- The clarification of contingency and succession planning targeted towards reducing risks presented by dynamic labour market conditions.
- The appraisal of the benefits and risks of different hiring and selection techniques in building performing personnel.
Therefore, at the end of this section, learners will better identify suitable new hires for their organisations by evaluating their current objectives and talent gaps.
Learning Outcome 3
After this unit’s completion, a student will view the significance of streamlined onboarding and the management of contract-based recruitments because of unit-specific exercises that include:
- The evaluation of different types of contracts and matching them with suitable workforce needs.
- The distinction between concepts in contractual arrangements such as incorporated, implied, and express terms.
- The description of employee orientation aspects like the clusters of information and their benefits such as smooth cultural assimilation and the appreciation of organisational norms directly impact personnel turnover and retention.
Learning Outcome 4
The Talent Management and Workforce Planning unit encompass insight on the importance and reasons for effective personnel management in organizations that will enable students to:
- Identify employee retention and turnover patterns and the factors surrounding the identified trends such as job contentment, leadership styles, ethics, and motivation.
- Make comparisons between individual and collective-based methods used in talent retention and development.
- Identify talent building and support initiatives ideal for a variety of talent clusters that improve selection, L&D, retention, and reduce turnover.
- Establish the importance of variety in the support and development of talent bases. Essentially, the integration of multiple interventions, for example, reducing communication barriers and increasing innovation, fosters reduced turnover and improves engagement.
- Explain the financial and non-financial costs attached to high employee turnover rates, such as direct costs incurred through selection, recruitment, and induction, as well as indirect costs incurred through reduced productivity, skills, and motivation.
What are the entry requirements?
The fifth CIPD Associate level stands above the foundation’s level three courses. Therefore, level 5 entrants must have attained a level 3 certification or an undergraduate degree in a similar course. However, people aspiring for H.R. positions and managerial roles are also a good fit. They can work on assignments at the degree difficulty level and have a solid English language background. Other than the recommended entrants, the course has no distinct formal requirements. Therefore, it is open to any individual with a passion for people management and who is willing to implement policies and strategies covered through coursework in actual work settings.
How can we help?
We provide unrivaled services for all CIPD levels focusing mainly on carefully curated solutions that engage our vastly competent workforce. Our personnel consists of a group of professionals qualified in different fields, including L&D and H.R., who can tackle any needs necessary in boosting the credibility of assignments. Apart from providing our clients with plagiarism-free work, we also strive to ensure that they are satisfied with the quality of the work based on the grammar and information provided. What sets our organization apart is 24-hour customer support to ensure all assignments, irrespective of short deadlines, are delivered in time and with top-notch quality.
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