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Strategic Human Resource Management Attracting, Developing, and Retaining Talent

Throughout this presentation, we will explore the importance of attracting talent by identifying the organization's talent needs through job analysis and workforce planning through strategic human resource management. We will also discuss the use of competency frameworks and skill requirements to ensure the right individuals are recruited for specific roles. Another key aspect we will delve into is employer branding and recruitment strategies

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Strategic Human Resource Management Attracting, Developing, and Retaining Talent

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  1. Strategic Human Resource Management: Attracting, Developing, and Retaining Talent www.academicassignments.co.uk

  2. OVERVIEW Throughout this presentation, we will explore the importance of attracting talent by identifying the organization's talent needs through job analysis and workforce planning. We will also discuss the use of competency frameworks and skill requirements to ensure the right individuals are recruited for specific roles. Another key aspect we will delve into is employer branding and recruitment strategies

  3. WHAT IS STRATEGIC HUMAN RESOURCE? Strategic human resource management provides a framework for development practices for long-term business goals. 76% of business witness performance hikes with the right process of hiring. In SHRM, people are emphasized long-term, resources are matched to future requirements, culture is promoted, values are adhered to, and values are re-evaluated.

  4. IMPORTANCE OF ATTRACTING, DEVELOPING AND RETAINING TALENT HR must not only find and hire the finest candidates but also nurture and keep them over time. Retaining top talent is essential for corporate success because it can lower turnover costs and boost employee morale. It also delivers different skill sets, new views, and unique ideas that can benefit businesses. Additionally, improved employee performance and job satisfaction can result from successful talent development.

  5. Monitor and Evaluation of employee recruitment and performance Focus on Corporate excellence skills and training needed. Strategic Human Resource Management Process Identify sources of competitive edge Lay down HRM strategies Assess SHRM return on Investment

  6. ATTRACT TALENT

  7. Identify the organization's talent Requirement Workforce planning This helps determine the quantity and quality of talent required to meet the organization's current and future needs. Develop a strong employer brand Organizations can attract top talent who align with their mission and vision by creating an employer brand.

  8. Effective job advertising Sourcing methods such as employee referrals, networking, and partnerships with educational institutions can also help identify potential candidates Recruitment tools Recruitment tools help HR management in hiring decisions by providing a comprehensive image of candidates with potential leads.

  9. TALENT DEVELOPMENT PROCESS

  10. Identify the need for training employees Design training according to the needs of employees Once the HR management identifies training needs, the next stage is to develop entertaining and useful training materials as well as training modalities like workshops, or on-the-job training. Provide coaching opportunities for employees Business performance raises 5x when employees are properly coached. Make online learning tools and training accessible for employees' responsibilities alone.

  11. Assess the effectiveness of training Implement the Kirkpatrick model or measure the ROI of training by taking input from participants into account Regular performance review HR must micromanage each step through regular meetings, and quick feedback to improve the strengths of both employee and HR management.

  12. THE PROCESS OF RETAINING TALENT

  13. Establish a positive work environment As a strategic Human resource manager, you must consider reward programs for employees. Provide employees with opportunities for professional development. providing resources for physical and mental health support as HR, supporting wellness initiatives, and giving flexible work options. Organisations can find competitive pay rates and benefit packages by conducting market research and benchmarking. Employee retention is influenced by complete strategies like basic pay, performance-driven bonuses, incentives, and other financial benefits.

  14. CONCLUSION Strategic Human resource management plays a vital role in attracting, training and retaining employees for business success. by adopting strategic Human Resource approaches like effective job advertisement, providing tailored training to employees, and micromanaging, such investments in employee development Not only increase employee retention but cultivate a culture of continuous growth. By prioritizing SHRM, businesses can gain a competitive edge in the talent market and build long-term sustainable success.

  15. CONTACT US Do you need guidance with strategic Human Resource management? Worry not, avail our HR assignment help today. Our team of expert assignments writers specialize in providing exceptionally high quality assignments to students. We also cater global assignment help. Take a step towards achieving your academic goals www.academicassignments.co.uk findout@academicassignments.com +447379 126036

  16. THANK YOU www.academicassignments.co.uk

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