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Talent Management and Succession Planning, human resources strategies to avoid a skills gap forming during a recessional climate

Byrne, Helen (2013) Talent Management and Succession Planning, human resources strategies to avoid a skills gap forming during a recessional climate. Undergraduate thesis, Dublin, National College of Ireland.

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Abstract

This study will examine Talent Management and Succession Planning in semi-state organisations against the backdrop of globalisation, deregulation and the financial crisis.

With a fall in revenue figures and reduction in subvention from the Government, semi-state organisations have been forced to introduce restructuring programmes which has resulted in unplanned loss of tacit knowledge, coaches and mentors. The challenge facing many organisations today is how to develop talent management and succession planning processes to avoid the possible growth of a skills gap.

With impending de-regulation of their respective markets, Semi-states of the future are expected to be more competitive, which will require a strategy to empower their managers to take on the role of leaders who will deliver the company’s mission statement.

How are organisations strategically managing remaining talent, motivating them and building future leaders against the backdrop of training budget reductions, salary reduction and loss of bonus schemes?

A single Case Study is conducted to compare academic opinion on the subject against four companies’ approach to talent management and Succession Planning during retrenchment programmes. The findings and conclusions advocate the current academic thinking is valid when applied to real-life scenarios.

This research paper will deliver a number of recommendations which will add to the academic discussion whilst allowing companies proactively manage their talent management and succession planning strategies to protect themselves against a skills gap forming.

Item Type: Thesis (Undergraduate)
Subjects: H Social Sciences > HC Economic History and Conditions > Economic Recession
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management > Human Resource Management > Performance Management > Motivation
H Social Sciences > HD Industries. Land use. Labor > Issues of Labour and Work > Talent Management
Divisions: School of Business > BA (Honours) in Human Resource Management
Depositing User: CAOIMHE NI MHAICIN
Date Deposited: 30 Nov 2013 09:42
Last Modified: 30 Nov 2013 09:42
URI: http://trap.ncirl.ie/id/eprint/914

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