Effectiveness Of Talent Management Assignment Sample

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INTRODUCTION - Effectiveness Of Talent Management

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Background

With the increasing competition in the business world it has become important for the businesses to focus on having highly talented employees in the firm. Due to this reason talent management had gained a lot of attention by the businesses across the world. Talent management is referred as the process of attracting, retaining and managing the talented employees of the company. Talent management is very important as it is having an influence on the performance and productivity of the firm. Companies are facing different challenges in managing talent in an effective manner (Abdollahbeigi et. al. 2017). In this research report the researcher would be focus on explaining the different concepts related to talent management. For explaining this the researcher would be consider Tesco as the case company and will evaluate the effectiveness of the talent management strategies of Tesco. It is one of the leading firm operating in the retail industry of UK. The company is operating in an service sector due to this reason it is important for the firm to have highly skilled and talented employees whose can deliver high quality work to the firm.

Problem Statement

Managing the businesses is not an easy task as one needs to focus on different factors which are affecting the business in an effective manner. The reason to study talent management is that it is one of the important topic which is been taught to us in business management. Managing the human resource is a difficult task and due to this reason talent management is an important topic to study. Along with this developing better researching skills is also important and in this research primary research would be conducted which would help the researcher in improving the researching skills. Also the researcher would get to understand that how the companies are using different strategies for managing talented employees in the company. With the increasing competition it is important for the firms to have effective strategies for retaining and attracting the employees then only they can higher skilled and talented those can deliver high quality work to the company.

Rationale of the study

Tesco is an leading company and for such a firm it is important to invest in better strategies that can help them in maintaining their market performance and managing productivity. Understanding the effectiveness of talent management strategies of Tesco would help in understanding that how the companies use different strategies for managing the talented employees in the firm. This research study will help the researcher in getting better knowledge related to the research topic. Along with this the results of the study would help the readers and all other stakeholders in understanding the research topic in detail.

Aim and Objectives

Aim

The aim of the present study is to investigate the effectiveness of talent management of Tesco.

Objectives

To understand the importance of talent management for the businesses
To evaluate the effectiveness of talent management strategies of Tesco
To analyse the different talent management strategies of Tesco and its impact on the employees

Research Questions

Why talent management is important for the businesses?
What are the different talent management strategies used by Tesco?
How Tesco is retaining and attracting the talented employees?

LITERATURE REVIEW

Talent Management

Gallardo-Gallardo et. al. (2020) had explained that in the present business world that managing talent is one of the most important task for the businesses. The researchers had explained that the businesses across the world are facing challenges in managing, attracting and retaining the talented employees in an effective manner. The companies need to use better strategies that can help them in being effective in managing talented employees.

According to Munasinghe and De Alwis (2017) talent management is important for the company as it helps the company in managing the human resource in an effective manner. In this study the researcher had explained that the talent management is having an impact on the overall organizational effectiveness and it is also positive related with the organisational performance. Moreover the researcher had also explained that in the technologically advance business world it is more important for the companies to have highly skilled and talented employees. Due to this reason talent management had become very important for the 21st century businesses. The study had concluded that for using advance technologies and managing the business operations in an effective manner the companies needs to focus on employee retention, recruitment and management.

Impact of talent management on the organisation

Sivathanu and Pillai (2019) had mentioned that talent management is having an impact on company performance. Due to this it is important for the companies to have employees with effective skills and knowledge so that they can deliver high quality work to the company.

Khilji and Schuler (2017) had stated in their study that talent management is having an impact on the profitability of the company. The researcher had explained that when highly talented employees are working in the firm then they deliver high quality work in the firm which is having an positive impact on the productivity and profitability of the firm. Along with this it is having an impact on the brand image of the company.

Factors affecting talent management

Mahjoub et. al. (2018) had mentioned that the employee motivation strategies of the company are having an influence on talent management. The researcher had found that if the company is investing in motivation strategies and is offering different types of rewards and benefits to their employees then it helps them in retaining and attracting the talented employees. In support to this Widodo and Mawarto (2020) had stated that leadership is also an significant factor which is having an impact on the talent management as it is having an influence on employee motivation and employee retention.

Al-Hussaini et. al. (2019) had stated that there are different factors which are having an impact on talent management in the organisation. The researchers had explained that the employee talent management is of strategic important and the effective talent management tools and strategies are required to be implemented by the firm for attracting and retaining the employees. In support to this Paisey and Paisey (2018) had stated that the different recruitment strategies of the firm are also having an major role to play in talent management. Due to this reason it is important for the firms to use effective strategies for attracting the most talented pool of customers so that they can have highly productive workforce.

Strategies for talent management

Lei et. al. (2018) had conducted an research study for explaining the different strategies used by the firm for talent management. In this study the researcher had found that the company is offering different rewards and several benefits to their employees for motivating them and increasing employee engagement. This is helping them in managing and retaining the talented employees in the company.

Hongal and Kinange (2020) had mentioned that the companies focus on having effective recruitment process for attracting the most talented and highly skilled employees for the firm. The researcher had invested that the firms focus on using multiple strategies for having effective recruitment process so that they can have most appropriate candidate for all the top roles. This is important for the companies as it is having an significant impact on the talent management and overall performance of the company.

Cutter (2019) had conducting an research for explaining that how the different companies are focusing on retaining and managing the employees. In this report the researcher had mentioned that Amazon one of the leading retailer is investing higher amount of capital for developing the new skills of their employees. Due to ongoing technological advancement and shortage of talented employees Amazon is investing in training and development of their employees which helps them in having productive workforce. Moreover the researcher had also explained that when the companies invest in training and development then it is having an positive impact on employee retention and motivation thus helps the company in managing the talented employees effectively.

RESEARCH METHODOLOGY

Methodology is one of the most important parts of the research study as it helps the researchers in conducting a high quality research and getting better results as well (Snyder, 2019). Research methodology is the different methods and procedures which are used by the researcher for collecting and analysing the data in a systematic manner.

Research Philosophy

Research philosophy is referred as the ideology or the beliefs of the researcher towards the research topic. On the basis of the research philosophy only the researcher collect, analyse and use the data for the research study. There are four different types of research philosophies such as realism, positivism, interpretivism and pragmatism. In this research study the researcher would be using the interpretivism research approach as the researcher wants to observe the social environment and wants to involve the individuals for conducting an high quality research.

Research Design

Research design is the process which is being used by the researcher for integrating all the different parts of the study in a presentable and systematic manner. The research designs are broadly classified as qualitative research designs and quantitative research designs. Also these research designs are further categorised. In the current research study the researcher would be using descriptive research design. The researcher is using this research design as it would help the researcher in investigating the topic in detail (Siedlecki, 2020). Using the descriptive research design would help the researcher in understanding the research specific to the case company in detail which would have an positive impact on the quality of the research study.

Research Approach

Research approach is the way the researcher approaches to conduct the study. The research approach needs to align well with the research method, philosophy and design as well. There are two types of research approached which are inductive and deductive. While using the inductive research approach the researcher focuses on aims and objectives of the study on the other hand in deductive research approach the researches develops the hypothesis and then test them in the research. In the present study the researcher would be using inductive research approach as it would help the researcher in getting the results which would fulfil the research objectives.

Research Method

Research method is referred as the way in which the data is being collected and analysed in the research study. There are two different types of research method which are qualitative and quantitative research methods. In qualitative research method the qualitative data or the textual data is being collected. On the other hand in the quantitative research method the numerical data is collected and analysed in the research study. In this research the researcher would be using qualitative research method and will collect qualitative data for getting the results (Roger et. al. 2018). The major reason behind selecting this research method is that qualitative data would be more appropriate for understanding the concept of talent management. Along with this the qualitative data is easy to collect and analyse this would help the researcher in conducting the research in an convenient manner.

Data Collection

Data collection is referred as the process of collecting the data in an effective manner. In this study for collecting the data the researcher would be using both primary and secondary data collection methods. For collecting primary data the researcher would be conducting questionnaire survey with the employees of the case company. Primary data would help the researcher in collecting more specific information related to the company. On the other hand for collecting secondary data different literature sources would be used. The researcher had decided to use both the data collection methods as it would the researcher in collecting high quality data which would be more authentic and will help in getting better results for the research study (Ruggiano and Perry, 2019).

Sampling

Sampling is the method which helps the researchers in selecting the research participants in the primary research. There are different methods which can be used by the researcher for selecting the candidates for the research study. In the current study the researcher would be using simple random sampling method. In this method all the individuals are having equal opportunities to get selected for the research study. For this study 15 employees working in Tesco Plc are being selected for questionnaire survey so that high quality data can be collected specific to the company.

Data Analysis

Analysing the data is an important task for the researcher. Data analysis is referred as the process or the methods which are being used for analysing the collected data in a systematic manner for getting better results of the research study. There are different types of data analysis method but the choice of analysis method depends on the nature of the data which is being collected in the study. In this study the researcher would be using thematic analysis for analysing the data. The major reason behind using thematic analysis it that it is widely used for qualitative researches (Terry et. al. 2017). Along with this the themes helps the readers in understanding the results clearly due to this reason the researcher is using this method.

Ethical consideration

Ethics are having a major role to play in the research studies. When the researcher is conducting a research study then they should focus on taking care of all the different ethical considerations which are essential for consider while conducting the researcher in an systematic and authentic manner. In the current research study the researcher would be focusing on taking care of the respect, privacy and dignity of all the research participants and stakeholders as well. The sensitive information related to the research participants would be stored and used in an safe and secure manner. For this the researcher would be focusing on data protection act. Along with this the researcher would focus on not copying the work of any of the other researcher and if any of the information is being taken they should use proper referencing. Plagiarism would be completely avoided in this research study. Also the researcher would take written consent from the research participants before involving them in the research study. Thus, it can be said that the researcher would be conducting the research study in an ethical manner.

RESULTS AND FINDINGS

Question 1

Do you think that the company is having effective talent management strategies?