5HRO2: Talent Management and Workforce Planning
Introduction
Workforce planning and talent planning skills are key demands for people professionals to ensure that the company has adequate workforce to cater for its present and future
needs. The report below is about Sun Energy and how it can benefit from the two concepts.
AC 1.1 - Explain how organisations strategically position themselves in competitive labour markets.
Strategic positioning of a company in the labour market means setting itself as distinctive from its competitors to attract the right talent (Si et al., 2023). A labour market defined
as competitive has both employers and employees competing for each other. On one side, the employers are competing for talent and on the other side, talented employees are
competing for suitable positions in leading companies. Ways to position themselves include;
Companies Becoming Employer of Choice
Striving to become an employer of choice means that potential employees choose the company as the first option (Bou Hatoum and Nassereddine, 2025). This can be due to
several factors, including the level of pay, benefits, and a proper working environment. Employers are distinguished in four main ways according to Higgs model. These include
emolover of churn (boor working environment and boor pav). emblover of cash (door working environment but sufficient pav). emolover of value (less pavment and good