Recently, the top management team inBupa(Links to an external site.)Links to an external site., an international healthcare group, has been worried about the impact of the changes in the modern...

1 answer below »

Recently, the top management team inBupa(Links to an external site.)Links to an external site., an international healthcare group, has been worried about the impact of the changes in the modern business world, and wants to tackle many of the issues and challenges as a result of these changes by drafting a talent management plan for the next 10 years. This plan will help Bupa manage its human resources and stay competitive in the healthcare industry.


Imagine that you work for a consulting company which is specialised in human resource management. Bupa has hired your company to draft the talent management plan for them. Your team is assigned to work with Bupa on this task.


Please draft a Talent Management Plan for Bupa, drawing on what you have learned in your lectures by the deadline of the assignment.


In this plan, you need to a) describe what issues and challenges the company might be facing, b) what you think the company should do in relation to talent management in order to address these issues and challenges, and c) why they should take these measures.





THIS IS WHAT WE SHOULD WRITE AND DISCUSS IN THE PLAN. Recently, the top management team in Bupa (Links to an external site.)Links to an external site., an international healthcare group, has been worried about the impact of the changes in the modern business world, and wants to tackle many of the issues and challenges as a result of these changes by drafting a talent management plan for the next 10 years. This plan will help Bupa manage its human resources and stay competitive in the healthcare industry. Imagine that you work for a consulting company which is specialised in human resource management. Bupa has hired your company to draft the talent management plan for them. Your team is assigned to work with Bupa on this task. Please draft a Talent Management Plan for Bupa, drawing on what you have learned in your lectures by the deadline of the assignment. In this plan, you need to a) describe what issues and challenges the company might be facing, b) what you think the company should do in relation to talent management in order to address these issues and challenges, and c) why they should take these measures. what challenges will you warn the company of, and what actions do you recommend the company to take (and why) in relation to talent management, to make sure it meets the future challenges? [TEMPLATE] Introduction (250 words) [In this section, you are expected to clarify the aims of the plan and to have a summary of the key points in the plan] Talent management is the process of identifying and developing key individuals in a business that possess important knowledge, skills and abilities. The focus is to retain essential capabilities in the workforce to maintain business competitiveness (ini aku pengen paraphrase gmana ya)? However, without a proper talent management plan the business could not keep their spot in the market. There are some factors such as technology advancements, diversity, globalisation, multiculturalism, emotional change and change management that may affect the way people work, the way companies are organized, and the way talent is managed. This paper explores how current business and talent management processes and technology must evolve in order to effectively deliver business value in the next 5 to 10 years. Main body (1000 words) [In this section, you are expected to analyse in details what challenges the company may face in the next 10 years, and what specific suggestions you are proposing, as well as the logics behind these suggestions. These suggestions should be based on what you learned from lectures. You are also encouraged to propose new ideas beyond what lectures have covered] Technology factors that affect Talent Management · Technology and Digitalisation (each 5) 1. Workplace automation, big data, and cyber security 2. Digital leadership, virtual teams, and social media · Diversity and Inclusion (each 5) 1. Diversity management overview 2. Leading and motivating the diverse workforce · Globalisation and Multiculturalism (each 5) 1. Globalisation and cultural intelligence 2. Multicultural teams and global leadership · Emotion Management (each 5) 1. Developing emotional intelligence 2. Emotion management in organisational contexts · Change Management (each 5) 1. Organisational change overview 2. Managing positive organisational change Conclusion (250words) [In this section, you are expected to briefly summarise the plan, and express your confidence in the company’s ability to managing talents with your suggestions]

Answered Same DayApr 07, 2020BUSM4454

Answer To: Recently, the top management team inBupa(Links to an external site.)Links to an external site., an...

Anju Lata answered on Apr 09 2020
157 Votes
TALENT MANAGEMENT PLAN FOR BUPA 10
ASSESSMENT 1
TALENT MANAGEMENT PLAN FOR BUPA
HUMAN RESOURCE MANAGEMENT
Student Name:______________________
University:__________________________
ABSTRACT
The report analyses the future challenges and issues faced by the Organizations and frames an action plan for Bupa Company to deal with those challenges in the next ten years. The repo
rt highlights technology based issues like digitization, emotional management, multi-culturism, diversity and globalization as main challenges in future and recommends proper analytical study to overcome these issues.
    Keywords: Digitization, Globalisation, diversity, Challenges, Action plan.
TABLE OF CONTENTS
1. Introduction            4
2. Potential issues faced by the company    6
3. Technology and Digitization            6
4. Diversity and Inclusion            7
5. Globalisation and Multiculturism        8
6. Emotion Management            8
7. Change Management            8
8. Action Plan            9
9. Reasons to take these measures            9
10. Conclusion            10
11. References            11
INTRODUCTION
Talent management refers to identification, development, planning, and hiring of required human capital for a Business (Parry and Stefan,2014). The process hires and retains the human resource capital to maintain competitiveness in business. Many challenges in the modern business world like the development of technology, diversity, multiculturalism, globalization, stress, emotional disturbances and work culture may affect the productivity of employees and organization in business. The talent Management Plan is very important to effectively deal with these changes and stabilize the outcomes.
The assignment drafts a Talent Management Plan for an international Healthcare Company, Bupa to prepare the Company tackles the issues faced for the next 10 years and suggest the measures to be taken by the Company to stay competitive in the healthcare industry (Parry and Stefan,2014).
Firstly, the plan analyzes the potential issues and challenges faced by the company in next 10 years. Secondly, it suggests the measures of talent management the Company must adapt to address these challenges. Thirdly it presents the reasons why the Company should take these measures. Lastly, the plan warns the Company of certain specific challenges and recommends what actions the Company should take in terms of talent management to effectively deal with potential challenges.
POTENTIAL ISSUES FACED BY THE COMPANY
In the next 10 years the Bupa Healthcare Company might face many challenges in terms of talent management, as follows:
1. To attract and retain productive employees at all the positions to encourage growth.
2. To generate value proposition to satisfy the diverse needs of employees from all the generations (Erickson,2008).
3. To develop and groom a capable and influential leadership.
4. To counterbalance the retirement of productive employees every year.
5. Mass withdrawal of Gen X employees in the mid-age of their career to other organizations for better perks. In these employees, the Company has already invested considerably.
6. Re-developing Talent Management plans for Gen Y people, to attract and retain them.
7. Creating positions for talented experienced employees even at high age.
Technology related issues may be as follows:
A. Technology and Digitalization
Digital technology will change the qualification and talent level of employees.
(a) Workplace automation, big data, and cybersecurity: The new generation will have distinct digital talent, attitude, multitasking capabilities, and knowledge about the network. The Human Resource Management of Bupa must align its strategic planning to attract better digitally qualified people and to integrate them with other generations in the company (Helsper and Eynon, 2010). The digitalization of work content will lead to enhanced automation of...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here