Talent Management System in UK Banking Sector: Analysis and Recommendations

Learning Outcomes for the item of assessment

This item of assessment covers the following learning outcomes. For the full list of learning outcomes for the module, please refer to the Module Study Guide.

• Understand and evaluate the main drivers, enablers, and barriers which are encountered in the development and implementation of successful talent management in organisations.

• Identify and evaluate the appropriateness and effectiveness of performance objectives at team and individual level.

• Identify and analyse established performance improvement cycles, to enable advice and guidance to be provided to teams and individuals who are operating within one or more improvement cycles.

• Evaluate an organisation’s disciplinary and grievance procedures, and explain how the application of such procedures can have a positive impact on individual and team performance.

• Compare and contrast the different methods by which individual and team performance can be monitored and assessed against objectives, and analyse the effectiveness of such methods. 

• Explain the purpose of providing valid and realistic feedback to individuals and teams, and analyse and evaluate how this can impact on performance.

• Evaluate talent management policies and practices for differing contexts or industries.

• Design policies and solutions applicable to differing contexts and industries. 

Students are required to identify and analyse the current Talent Management System of a chosen organization in the UK banking sector. The choice of organisation should be discussed and confirmed with your tutor. Students need to analyse the various HR functions and the strategies of the organisation while also considering the external factors that maybe impacting upon its HR practices. The work needs to be justified with theoretical material and in-depth research is required. The portfolio should include:

• Part 1: Identifying the firm’s current talent management strategy. To identify the current talent management strategy the following information is required:

Business Strategy and HR Strategy

Recruitment

Selection

Performance Management

Reward

Training and Development

Equality and Diversity (30%)

• Part 2: Identifying the relevant regulatory factors that impact this organisation and HRM practice in general; for example, equality legislation, gender pay gap reporting. Please ensure you identify how these external regulatory factors have impacted upon the organisation’s HR practices (10%)

• Part 3: Identifying any environmental factors (e.g. Societal views about socially responsible behaviours/practices) that might impact on HRM practices in your chosen organisation.

Part 4: • Identifying and analysing a current core position which is being advertised within the organisation.

Please ensure you justify your choice of position and ensure the position is core to this business, i.e. not a generic role we may find in most businesses, for example an accountant, HR Manager etc. Please ensure you develop detailed information about desirable job behaviours, knowledge, skills and attitudes that you consider key to effective performance in this role. This should include o The job description

The person specification

Recruitment channels

Selection methods

Performance management criteria (10%)

• Part 5: Recommendations:

From your previous analysis (Parts 1-4) and your understanding of the academic literature you need to identify a gap or a shortcoming in the organisation’s current HR strategy/practices. Based upon this gap develop a recommendation for the organisation. The recommendation should be based around what you believe they should be pursuing, demonstrating why and how they can implement this idea. The recommendation must be supported by and linked with the academic literature.