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Hr Talent Managment

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Talent management is quickly becoming a top preference for companies all over the world. (Bhatnagar 2008). The reasoning to this is due to the surge in rivalry between businesses to capture the talent that is available, we call this “the war for talent” (Beardwell and Thompson, 2014). Talent management refers to the best suited people or individuals to the occupation in question, sometimes assigned “A players”. In the past the disorganisation of talent management has led to the breakdown of large multinational companies, who rectify the problem by turning over more and more talent which inevitably makes the problem worse, causing it to fail and an overall sense of pain is inflicted upon the companies. (Cappelli, 2008). However nowadays companies are starting to realise that talent management is not a meaningless theory, as it was subjected to in the past, and that it is pivotal to company success. A new direction to talent management is developing incorporating the ambiguity that enterprises face today. Modern businesses deal with this uncertainty by implementing a supply chain management model to predict and satisfy demand. (Cappelli, 2008)

In this project I will be examining the new venture of Cedar Park Furniture, a UK furniture retail chain that is preparing to enter the Irish market in 2017. My job is to produce a talent management strategy for the company and express the critical practices required to ensure its management team and employees commit considerably to the success of the firm. Firstly I will present a claim to the senior management on why it is essential that sufficient attention is acknowledged of its talent management strategies and practices. Secondly I will conduct a talent management policy for Cedar Park Furniture’s Irish operation with particular concentration in the following areas: incorporating recruitment, selection, retention, human

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