Talent Management Plan

Talent Management Plan The University of Arizona Global Campus Course name and number Instructor’s name Due date Talent Management Plan Executive Summary Introduction Employees are the most critical asset a business has. Staff members are responsible for undertaking the duties assigned to them, which eventually allows them to achieve organizational goals and objectives. Due to the importance of employees, businesses need to have a talent management plan on how to attract, retain, and develop their employees. A talent management program is the backbone of an organization's success. ABC Athletics Co. is experiencing sales growth and requires additional workers to keep the demand. The business expects about 10% of the workforce to retire in the next three years. This essay presents a talent management program for ABC Athletics Co., demonstrating how it can manage its employees to maximize returns. A Staffing Plan At the moment, ABC Athletics Co. employs about 550 production staff and 50 administrative staff. 50 of the workers (10%) will retire in the next three years, leaving the company with 450 employees. As a result, the business needs to hire an additional 50 workers in the next three years to fill the gap left by the retiring employees. At the same time, the business is experiencing increased sales growth and needs to hire additional employees to ensure that it can keep up with the demand. A sales growth of 10% means the business needs to hire an extra 10% workforce annually to keep up with the growth. As a result, it needs to hire 50 more workers each year to enable it to meet the increasing workload. Hence, in the next three years, the number of staff will stand at 650, where 50 will be replacing the retiring employees and 150 will cater to the additional demand. However, when undertaking recruitment, the business will target to have a pool of 300 potential employees. This will be critical in ensuring that it does not miss its target of 200 staff members in the next three years. The planning will be critical in ensuring that potential staff members are waiting for opportunities to arise and join the company. Succession planning for the 10% loss due to retirement will be done by identifying the most critical roles. Critical roles that will be affected by retirement will be identified. The HR will proceed to identify high-potential employees and expose them to development programs to prepare them to occupy future vacant positions. The retiring employees will be required to hold mentorship sessions with the identified employees. This will allow the retiring workers to transfer knowledge to their potential successors. Between 0-6 months, the employee engagement initiatives will be initiated. At this point, the potential successors will be identified. Between 6 and 18 months, training programs for succession will be done. Succession development programs will be made at this time. This is the period where potential future workers to fill the positions due to retirement will be thoroughly trained by the retiring workers. In years two and three, feedback on the performance of the future leaders will be evaluated to establish their suitability. Hence, key positions arising from retirees will not be filled from outside the organization. Instead, through training and mentorship, high-performing employees will be prepared to fill the positions. The positions that the high-performing staff members occupy can then be filled with individuals outside the company. Job Descriptions * Production Manager Position Summary: The Production manager will be tasked with overseeing the day-to-day activities on the production floor. He/she will be responsible for ensuring that workers under them hit the required milestones and operate efficiently within the allocated budget. The role will require leadership of the production staff and the implementation of processes and procedures needed to maintain high quality in the production department. Responsibilities: * Supervise the activities of supervision workers to ensure that they adhere to the required quality standards. * Ensure that production workers hit the required targets within the allocated time using the available resources. * Undertake regular training and development to equip the production workers with the required skills to carry on their duties * Ensure the safety of the production workers by adhering to safety requirements * Work closely with the rest of the departments to address any issues that may arise in the production process * Report to any other information required concerning production Qualifications: * Have a Bachelor's degree in manufacturing or any other related field of Engineering. A master is an added advantage. * Possess strong leadership and communication skills needed to guide the production workers * Have strong problem-solving skills to address production workers' issues and ensure the smooth running of the department * Have at least four years of experience in production, especially where he/she worked in a manufacturing facility * Be able to work under pressure in a demanding and dynamic environment * Maintenance Technician Position Summary: A maintenance Technician will be tasked with maintaining the machinery in the company. He/she will be required to undertake repairs where manufacturing machines break down. The Maintenance Technician will be expected to ensure that machines operate as expected to reduce downtime while maximizing the production process. Responsibilities: * Install new machinery and ensure they are working as expected * Undertake maintenance tasks to ensure efficiency in the production process * Perform any required repairs on machines when they break down * Keep detailed records of all maintenance done to the machines * Advice on the best spare parts needed to replace worn-out parts * Ensure that machines meet the highest standard of safety * Work together with the production manager to communicate with vendors when repairs need to be done * Where specialized maintenance is needed, the Maintenance Technician should inform the Production Supervisor Qualifications: * Possess a diploma * Be knowledgeable on mechanical and electrical systems of machines * Have an experience of at least a year in maintenance in a manufacturing plant * Display strong problem-solving skills to diagnose issues with machines * Ability to understand technical manuals to aid in the installation and maintenance of equipment * Ability to demonstrate teamwork by maintaining good relations with colleagues in the production department * Ability to work under pressure and address issues promptly to ensure efficiency in production * Marketer Position Summary: The marketer will be responsible for developing a marketing strategy for the company to promote its products. He/she will conduct marketing research to identify the needs of the market and consider better ways of designing marketing efforts to meet the gaps in the market. The Marketer will come up with marketing campaigns and other efforts meant to enhance the brand image of the company. Key Responsibilities: * Undertake extensive marketing research to identify needs and opportunities available for the business to exploit * Come up with marketing strategies that give the company a competitive edge * Incorporate technology into the marketing efforts to facilitate efficiency within the marketing department * Analyze market data to suggest the most viable marketing strategies for given products * Make marketing campaign materials depending on the needs of the market * Work closely with the sales and production teams to ensure that marketing efforts are well coordinated to deliver promises to the customers. * Be responsible for managing social media platforms within the company, ensuring the business has a strong online presence to promote the brand image * Be innovative to come up with solutions needed to enhance marketing efforts. Qualifications: * Have a Bachelor’s degree in marketing or any other related field * Have more than two years of experience in marketing, especially in the sporting industry * Possess strong communication and presentation skills to facilitate the ma...