Introduction to retention and performance-related approaches
5HR02 – Talent management and workforce planning
This CIPD Level 5 learning video introduces retention and performance-related approaches as part of the 5HR02 Talent management and workforce planning unit, directly addressing assessment criteria AC 3.2 on comparing different retention strategies. The video explores key approaches including appraisal systems, training and development opportunities, lateral moves, flexible working arrangements, work-life balance initiatives, fair reward structures, career breaks, realistic job previews, and job enrichment. By examining how organisations can effectively retain talent through these varied mechanisms, learners will develop a comprehensive understanding of retention best practice needed to demonstrate competence in talent management and workforce planning.
Assessment Criteria 3.2
Compare different approaches to retaining people.
Indicative Content
Approaches to retention may include appraisal, training and development, lateral moves, flexible working and work- life balance, workplace characteristics, fair and equitable reward, career breaks, realistic job previews, job enrichment, etc.
What You'll Learn
Video covering: Introduction to retention and performance-related approaches
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.
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