In order to sustain success in any organization, proper management of resources and talents is essential. Whether you are a small business or a multinational corporation, efficient resource and talent management will ensure that your goals are met and your objectives are accomplished. There are many ways to achieve this, but the key is to find the system that works best for your company. By taking into account the unique aspects of your organization and using the right tools and techniques, you can create a sustainable process for managing resources and talent that will help your business succeed now and in the future.
Assignment Task 1: Understand The Impact Of The Changing Business Environment On Resourcing And Talent Management Strategy And Practice.
1.1 Analyse Current Developments Impacting Business Environments And Their Significance For Organisational Resourcing And Talent Strategy And Practice.
Developments that are impacting business environments and their significance for organizational resourcing and talent strategy and practice include:
- The trend towards globalisation and the need to have a workforce that is able to operate effectively in multiple jurisdictions
- The increase in competition, both from domestic and international competitors
- The need to be more agile and responsive to changes in the marketplace
- The need to attract and retain the best talent