Required Assignment 2Develop 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 companys mission is to serve customers 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 companys 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.
Given this scenario develop a talent management plan for this company. Complete the following in your talent management plan:
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 68-page paper in Word format. Apply APA standards to citation of sources. Use the following file naming convention: