Impact on Resourcing Decisions
5HR02 – Talent management and workforce planning
This learning video from CIPD Level 5 unit 5HR02 – Talent Management and Workforce Planning explores how changing labour market conditions directly influence resourcing decisions within organisations. The video examines the distinctions between tight and loose labour markets, analysing trends in labour and skills supply and demand through frameworks such as PESTLE analysis, whilst demonstrating how these external factors shape critical HR decisions around employer branding, recruitment methods, retention strategies, and long-term workforce planning. By watching this video, you will develop the knowledge required to meet assessment criteria AC 1.2, enabling you to confidently explain the relationship between labour market dynamics and effective resourcing strategy.
Assessment Criteria 1.2
Explain the impact of changing labour market conditions on resourcing decisions.
Indicative Content
Changing labour market conditions: differences between tight and loose labour markets; trends in the demand and supply of labour and skills; reasons for trends using analytical models such as political, economic, social, technological, legal, environmental. Resourcing decisions: may be taken in relation to employer branding, recruitment methods, retention strategies, reorganisations, development decisions and long-term planning, critical incidents, national, international and global pressures and crises, changing faces and methods of working.
What You'll Learn
Video covering: Impact on Resourcing Decisions
About 5HR02 – Talent management and workforce planning
This unit focuses on the impact of effective workforce planning in considering the development of diverse talent pools and how to contract and onboard the workforce. It also includes analysis of the potential cost to the organisation if this is poorly managed and the tools and interventions required to mitigate this risk.
More 5HR02 Videos
Employer Branding, Reputation, and Workforce Planning
AC 1.1 – Explain how organisations strategically position themselves in competitive labou...
Forecasting supply of labour and identifying workforce gaps
AC 2.1 – Analyse the impact of effective workforce planning.
External supply factors and integrating workforce forecasts
AC 2.2 – Evaluate the techniques used to support the process of workforce planning.
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