This last module focuses on innovative approaches to talent

This last module focuses on innovative approaches to talent management. Specifically, the module focuses on rethinking the concept of talent management using a people-equity framework. A people-equity framework is a combination of alignment, capabilities, and engagement (ACE). Alignment is the connection of employees to the organization. Capabilities capture the extent to which an organization develops talent, information, and resources that grow customer value. Engagement is the extent to which employees are willing to go beyond the minimum requirements to enhance organizational value and growth. Propose multiple options (including a financial analysis of each option) to intervene when a talent management plan clearly demonstrates gaps in an organization’s current depth and breadth of management talent, using all factors of the human resource system as appropriate.Develop a plan to counsel out or otherwise redirect individuals who have served the organization well but are inappropriate for further promotion.Design a pipeline process to anticipate vacancies and fill key positions in an organization. Note: The attached Adobe PDF file may open differently in Mozilla Firefox. After the Adobe PDF file is open, complete the following steps to review the case:Click the button Open With Different Viewer in the top right corner of the page.In the dialog box select the Open with option button and then select Adobe Reader.Review the case in the Adobe Reader window.Throughout this course, you discussed many important elements of talent management, such as talent management systems (TMSs), talent management models (pedagogy and andragogy), competencies, competency models, performance management, workforce diversity, succession and career planning, planning, forecasting, recruitment, coaching, T&D, leadership development, and innovative approaches to talent management. During the course, you also demonstrated your ability to create a talent management plan and, hopefully, now have a complete understanding of talent management and its importance in organizational success.In this module’s assignments, you will develop a talent management plan for a company. You will also reflect on the course elements individually and, as a whole, review the TMS.Using the navigation on the left, please proceed to the next page.Assignment 1: Required Assignment 2—Develop a Talent Management Plan In this assignment, you will develop a talent management plan for the company in the following scenario.Review the following scenario:You work in the human resource department of an electric power company in the southwestern region of the U.S. The company was founded in 1940. It has an excellent reputation as a provider of electricity, an outstanding corporate citizen, and an excellent place to work. It has been ranked among the top three employers in the community for several years.The company’s mission is to serve customer’s needs for electric power in ways that provide exceptional value to all stakeholders including customers, shareholders, employees, and the communities in which it operates.Its values include providing a safe work environment; ensuring fairness and respect for customers, employees, shareholders, and partners; honoring commitments to use resources wisely; providing a high quality of work life for its employees; striving for excellence; and having fun.Given its long history, many of the company’s current employees are children and, in some cases, grandchildren of former employees. Thus, there are close family ties to the company as well as a sense of loyalty.However, over the years, technological advancements in the power generation business have resulted in jobs being either redesigned or eliminated. For example, in the past, the company had many employees who read meters that showed the amount of electricity used by households. Meter readers traveled from house to house each month to log the information for billing purposes. Now, meters are read automatically and data are transferred to the billing department via computer. This technological advancement has eliminated the need for many employees who were required to resign, be laid off, or be retrained for other positions in the company. The company faces a challenge as it strives to maintain its reputation as an excellent employer in the community and yet leverage advances in technology to help it increase efficiency and remain competitive. Directions: Given this scenario, develop a talent management plan for this company. Complete the following in your talent management plan:Develop a plan that is aligned with the mission statement, the organization’s processes, and any specific assumptions about the culture of the organization and human resource systems. Identify any financial implications and/or constraints.Identify the gaps in the organization’s current management talent. Make sure you identify gaps in the depth and breadth of management talent and use all factors of the human resource system. Propose and describe in detail 2–3 interventions that would help mitigate those gaps. Make sure you justify your ideas with scholarly research. Develop a plan to counsel out or otherwise redirect individuals who have served the organization well, but are inappropriate for further promotion. Justify the effectiveness of the talent management plan for this company. Be sure to write in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources; and display accurate spelling, grammar, and punctuation.Write a 6–8-page paper in Word format. Apply APA standards to citation of sources. Use the following file naming convention: LastnameFirstInitial_M5_A1.doc.By Saturday, July 8, 2017, deliver your assignment to the M5: Assignment 1 RA 2 Dropbox.Grading CriteriaAssignment ComponentsProficientMaximum PointsDevelop a plan that is aligned with the mission statement, the organization’s processes, and any specific assumptions about the culture of the organization and human resource systems.CO 1Plan is clear, detailed, and can easily be implemented. It aligns with the mission statement, the organization’s processes, and any specific assumptions about the culture of the organization and human resource systems. 60Identify any financial implications and/or constraints.CO 2Financial implications or constraints identified are clear, specific, and represent all possible implications and constraints in the scenario.36Identify the gaps in the organization’s current management talent. Make sure you identify gaps in depth and breadth of management talent and use all factors of the human resource system.CO 2Gaps identified in the organization’s current management talent are specific and accurate. Both gaps in the depth and breadth of management talent are identified; all factors of human resource system are present. 40Propose and describe in detail 2–3 interventions that would help mitigate those gaps. Make sure you justify your ideas with scholarly research. CO 2Interventions proposed are clear, specific, and reasonable to implement. They clearly would help mitigate gaps identified. Evidence from scholarly research is used to support ideas.44Develop a plan to counsel out or otherwise redirect individuals who have served the organization well, but are inappropriate for further promotion.CO 3Plan to counsel out or redirect individuals is specific, clear, appropriate, and supports both the organization and the individual employee(s). 48Justify the effectiveness of the talent management plan for this company.CO 1Effectiveness of the plan is clear, explicit, and grounded in a variety of scholarly evidence.48Write in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources (i.e., APA); and display accurate spelling, grammar, and punctuation.Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; and displayed accurate spelling, grammar, and punctuation.28Total:300

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