HR Solutions Limited
Financial Penalties
From 7 March the government increased the maximum financial penalty for employers who flout the national minimum wage from £5,000 to £20,000. In addition, the government also wants to introduce legislation as soon as possible so that the maximum £20,000 penalty can apply in respect of each underpaid worker, instead of being the maximum amount that can be applied to each employer.
Identify your organisation’s talent requirements: Rather than just focusing on individuals with talent, consider the talent requirements of your entire organisation.
Make sure you can spot talent: put processes in place to spot and capture talent inside and outside the organisation. Example of inside can be feedback, development centres, achievements, nominations whilst externally could be scouting by scanning the media or perhaps through partnership working.
Whilst talent planning is not at all a new concept, it is a concept that has changed and evolved as business environments and factors impacting on organisations have changed and become more competitive.
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