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5HR02 Talent Management and Workforce Planning

The unit 5HR02 Talent Management and Workforce Planning focuses on understanding workforce planning, labour market trends, and talent management strategies to enhance organisational success. This unit enables learners to develop an in-depth understanding of key labour market trends, effective workforce planning, and talent management practices. It also provides insights into recruitment, selection, and onboarding processes to ensure an engaged and productive workforce.

This unit is particularly beneficial for HR professionals and individuals responsible for workforce planning and talent management. It helps learners align business strategies with workforce planning to ensure sustainable growth and employee retention. Additionally, it examines the importance of contractual arrangements and onboarding processes to optimise workforce efficiency.

Unit Objectives

• To equip learners with the knowledge and skills required to analyse contemporary labour market trends and their impact on workforce planning.
• To develop an understanding of effective workforce planning strategies and techniques used to build high-performing teams.
• To enhance knowledge of talent management and employee retention approaches for organisational sustainability.
• To provide insights into managing contractual arrangements and implementing effective onboarding processes.

Learning Outcomes

LO1: Understand key contemporary labour market trends and their significance for workforce planning.

This learning outcome focuses on analysing the impact of labour market trends on workforce planning. Learners will explore how organisations position themselves in competitive labour markets and the effect of changing market conditions on resourcing decisions. By achieving this outcome, learners will develop strategic insights into workforce planning and its impact on organisational success.

LO2: Understand the purpose and importance of workforce planning.

This outcome explores workforce planning techniques and their effectiveness in maintaining a skilled workforce. Learners will analyse workforce planning strategies, evaluate recruitment and selection methods, and understand their strengths and weaknesses in building a competent workforce. Mastering this outcome enables learners to contribute to long-term business sustainability through effective workforce management.

LO3: Understand the purpose and impact of effective talent management.

Learners will examine the significance of talent management in employee retention and organisational performance. This outcome covers reasons why employees stay or leave an organisation, compares retention strategies, and explores the impact of dysfunctional employee turnover. By acquiring these skills, learners can develop strategic retention policies to enhance workforce stability.

LO4: Understand the importance of managing contractual arrangements and effective onboarding.

This outcome focuses on assessing various contractual arrangements suited for different workforce needs and explaining the benefits of effective onboarding. Learners will gain knowledge of employment contracts, their role in workforce management, and the impact of structured onboarding in enhancing employee engagement and productivity.

Assessment Criteria

LO1: Understand key contemporary labour market trends and their significance for workforce planning.

• 1.1 Explain how organisations strategically position themselves in competitive labour markets.
• 1.2 Explain the impact of changing labour market conditions on resourcing decisions.

LO2: Understand the purpose and importance of workforce planning.

• 2.1 Analyse the impact of effective workforce planning.
• 2.2 Evaluate the techniques used to support the process of workforce planning.
• 2.3 Evaluate the strengths and weaknesses of different methods of recruitment and selection to build effective workforces.

LO3: Understand the purpose and impact of effective talent management.

• 3.1 Discuss factors that influence why people choose to leave or remain in organisations.
• 3.2 Compare different approaches to retaining people. 3.3 Explain the impact of dysfunctional employee turnover.

LO4: Understand the importance of managing contractual arrangements and effective onboarding.

• 4.1 Assess suitable types of contractual arrangements dependent on specific workforce needs.
• 4.2 Explain the benefits of effective onboarding.

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