Talent Management in the Tour Operations Industry: A case study of TUI
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This study investigates the role of talent management in the development and retention of employees in the tour operations industry, with a case study of TUI. It examines the purpose of talent management, the approach used by TUI for employee development and staff retention, and suggests recommendations for improving talent management approaches.
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Contents Contents...........................................................................................................................................2 ACKNOWLEDGEMENT...............................................................................................................3 TITLE: Talent Management in the Tour Operations Industry: A case study of TUI......................4 CHAPTER 1: INTRODUCTION....................................................................................................4 Overview of study........................................................................................................................4 Background of Study...................................................................................................................4 Research problem........................................................................................................................4 Research Aim...............................................................................................................................5 Research objectives.....................................................................................................................5 Research questions.......................................................................................................................5 CHAPTER 2: LITERATURE REVIEW.........................................................................................5 The purpose of talent management within an organization.........................................................5 The approach used by the TUI for employee’s development......................................................6 The approach used by TUI in relation to staff retention..............................................................6 Improvement in the approach for employee retention and development....................................7 CHAPTER 3: RESEARCH METHODOLOGY.............................................................................7 CHAPTER 4: RESULT/FINDINGS.............................................................................................10 DISCUSSION OF FINDINGS......................................................................................................18 Discussion of the basis of primary investigation.......................................................................18 Discussion of Literature Review...............................................................................................20 CONCLUSION..............................................................................................................................21 RECOMMENDATION.................................................................................................................21 REFLECTION...............................................................................................................................22 REFERENCES..............................................................................................................................23 2
ACKNOWLEDGEMENT At very first I want to thank to God who supported me at every stage of my life and motivate me to achieve all my goals and targets. After that I want to present my thanks to my mentors who present all their guidance and support to complete my work on timely manner and achieve my goals. Additionally, I want to present my special thanks to my mentor who helped me at every part of my project where I had query with all his guidance. I also thankful of them as they hold patients to all my issues and listen to me which analysing, reviewing my work and make me correct when I get wrong. Despite of all this, I am also very much thankful to the employees of TUI who aid me in my project by presenting their valuable response and help in achieving my aim. At the end of this I want to thank my family for all their love and support which they gave me while I was working at this project. 3
TITLE: Talent Management in the Tour Operations Industry: A case study of TUI CHAPTER 1: INTRODUCTION Overview of study Talentmanagementisacontinuousprocesswhichshowsthecommitmentofan organization toward hiring, retain and develop the most talented and skilled employees that are working within the organization. This is crucial function of human resources department which focusestowardperformingsetofactionssuchastraining,development,compensation, recruitment, selection, performance appraisal etc. in order to manage he employees working within the organization in most appropriate manner (Festing and Schäfer, 2014). To further investigated about the role of talent management approaches within the development and retention of employees the TUI is taken into consideration which operates at international level and offer range of travel and tourism related services. Background of Study The talent management is considered to be an approach which focuses toward the development as well as retention of employees by providing them favorable working conditions as per their requirement so that they can grow along with organizational growth and success. For understanding this appropriately the current study is conducted that help in investigating about the role of talent management in development and retention of employees and to perform this TUI is consider which is a Britain-German multinational travel and tourism organization which is headquartered in Germany(Craig, 2015). This company is one of the largest travel and tourism organization which operates its own hotels, travel agencies, airlines and cruise ships. The main reason behind choosing this organization is that competition has become very high in travel and tourism industry which make it difficult to retain employees, so by investigating over this it become easier to identify how this organization effectively manage talent. Research problem As the travel and tourism industry is growing at a rapid pace it gradually increasing the expectation of customers toward service offering which is now making the work within a organisation very difficult for employees(Deery and Jago, 2015). Other than this, it gives birth to a cut throat competition which in turn also increases the option for employees to switch the work.Thesearecertainfactorswhichismakingitdifficulttoretainemployeeswithin 4
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organisation for longer. So, this study focuses over this problem in order to investigate manner in which talent management approaches must be adopted or implemented so that appropriate development of employees can be possible so that they can deal with work pressure easily and keeping them retained for longer duration. Research Aim To investigate about the approach to talent management in development and retention of employees at workplace. A study on TUI. Research objectives To investigate the purpose of Talent Management within the company To examine the approach used by the TUI for employees development To examine the approach used by TUI in relation to staff retention Suggest recommendations on how approaches to talent management can be improved by TUI for staff retention and development Research questions What is the purpose of talent management within an organization? How effective is the approach used by TUI in staff development? How does TUI retains their employees? What can TUI improve in their approach for employee retention and development? CHAPTER 2: LITERATURE REVIEW Literature review is that section of investigation which focusses toward analysing the information which is already available i.e. secondary information so that by analysing it basic understanding about the topic as well as it nature can be determined. This study help in providing a direction based on current availability of information for expanding the understanding with further primary investigation. The purpose of talent management within an organization According to the information presented by Heathfield. S. M., 2019, talent management is consider to be the commitment of an organisation toward recruiting, hiring, developing and retaining the most competent and superior employees at workplace. It comprises of several kind 5
of work processes as well as systems that are connected with the retention and development of employees. Just like employee recognition and involvement, talent management is consider as the part of business strategy which contribute toward ensuring that the top most talent get attractedwithintheorganisationanddevelopcompetitionamongemployeessothatthe performance can be enhanced. Talent management help in improving business performance by increasing the productivity of workers through training and development. It also helps in increasing innovation in the company so that changing demands of customers can be effectively met and company can remain competitive in market. Through talent management effective work culture can b created which can help in improving brand image of company along with increasing job satisfaction among employees. The approach used by the TUI for employee’s development As per the views of David, 2020, it is important that various types of talent management approaches are used by an organisation so that employees can use their skills and talents in a better manner which can help the company in achieving its goals and objectives on time. As per TUI contented employees can help in creating a unique holiday experience for customers by providing them better services. The company use various approaches so that employees can be engaged and developed which can help in enhancing their productivity and overall profitability of the company. The company implement various methods which can help in employee development like training, task/job rotations, coaching, mentoring, conferences, 360 degree performance review etc. so that the employees can be effectively developed which can help in improving their effectiveness in achieving company goals. These methods also help in improving employee job satisfaction as they are better able to use their skills and enhancing their learning which make them better in their work. These methods also help in enhancing the quality of their work so that customers can be given highly effective services so that value for their money spent can be increased. The approach used by TUI in relation to staff retention According to the views of Chad, 2018, it is important that staff retention strategies are applied in an organisation which can help it in retaining it talented employees who can help the company in increasing its profitability and also in creating a reputation in market. TUI is related to service industry which means that it is important that customer satisfaction is achieved by providing them high quality of services. This can be possible by increasing job satisfaction of 6
employees so that they can continue to give their effective services in company. TUI follows various strategies so that employee retention in company can be increased like giving its employee salaries and benefits based on their work and the contribution they have in achieving company goals. It also provides performance appraisals to the employees so that they can be given benefits based on their performance which help in encouraging them to perform better. TUI recruits employees based on the job role and qualifications of the employees so that they can be retained over a long period of time through increased job satisfaction. The company provides regular training and development to its employees so that they can become better in performing the work given to them in an efficient manner. This reduces stress among employees and also help in their personal and professional development so that they can continuously learn and develop in their job. Improvement in the approach for employee retention and development According to the views of John, 2020, it is important that businesses continuously improve their policies and strategies regarding employee retention and development so that they can continue to attract talented people and improve the brand image as an employer. This also helps in enhancing the efficiency with which talent in an organisation is managed so that high profits can be achieved. TUI can improve its employee development strategies by enhancing the methods of training and development so that employees can be trained on using highly advanced technologies which can help in automating their work along with improving their performance. The company can increase group activities so that employees can work together and develop together through their increased participation. Retention of employees in TUI can be improved by increasing flexibility in working hours so that work-life balance can be achieved by the employees. Also the employees must be given unique perks, regular recognition etc. so that they can be motivated o continue to work in TUI thereby improving its employee retention. CHAPTER 3: RESEARCH METHODOLOGY Research methodology is one of the most crucial part of an investigation which represent the type of approaches, methods and tools that are undertaken in order to execute the activities involve within research related with gathering, analysing and interpreting the information effectively so that appropriate outcome can be extracted. This section also helps in representing the validity and reliability of information presented to reader as per the combination of methods used for performing research. The methodology for current study is mentioned below: 7
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Research philosophy: -The philosophy of investigation is about the nature of study which is consider prior to conduction of study for determining the pattern to be followed by researcher. The philosophies used for investigations are positivism, interpretivism, realism etc. But to conduct this study positivism philosophy will be used which help in evaluating the quantified information more effective manner by connecting it with research questions for better understanding. Type of investigation: -In order to perform investigation effectively a researcher must wisely choose the type of investigation among qualitative or quantitative. For conducting this study, the quantitative mean of investigation will be considered as it helps in gathering the numerical facts and figures in line of the research questions which present more accurate data about the current area of study. Research approach: -This tool supports the researcher in performing the analysis of gathered data effectively as its selection is based on the type of investigation conducted. The approachesadoptwithinthestudyareinductiveordeductive.Amongthesedeductive approaches is used for performing this study as it best fit with eth quantitative study and help in evaluating the quantified data which brings up most accurate and reliable information. Data collection sources: -The information for study is gathered using several sources which help in effectively presenting the evidence in favour of research aim that help in answering the research questions effectively. There are mainly two sources which are used by the researcher for gathering information such as primary and secondary. For conducting this study both primary and secondary sources of data collection will be used where primary information will be gathered with the help of questionnaire as it takes less possible time to collect maximum of information from larger number of people. On the other side, secondary information is gathered using online sources such as books, journal, article etc. which support in presenting the understanding about existing available information by analysing it effectively. The main reason behind both the sources used is that secondary information will help in developing basic understanding about concept and this findings further used ads a basis for gathering the primary information. QUESTIONNAIRE Q1 Are you aware about the importance of talent management within a hospitality organisation? a) Yes 8
b) No Q2 According to you what is the main purpose of undertaking talent management within a company? a) Retaining competent employees b) Developing employees’ skills c) Improving performance Q3 What are several benefits that TUI will get with the implementation of talent management at workplace? a) Keep employees motivated b) Better employee engagement c) Enhancing productivity Q4 In what manner talent management support TUI in retaining its employees at workplace for longer period of time? a) Positive b) Negative c) Neutral Q5 As per your perception what are several areas where talent management can be applied to retrain employees at workplace? a) Recruitment and selection b) Employee compensation c) Training and development Q6 Do you think that the talent management will support TUI in its staff development? a) Yes b) No Q7 What are several talent managements approaches that TUI can adopt for employee’s development at workplace? a) Training program b) Performance appraisal c) Job enlargement Q8 According to you, what are several issues that a manger of TUI may face while working over talent management? 9
a) Employees dispute b) Inappropriate guidance and support c) Dissatisfied employees Q9 According to you, what actions must be taken by TUI to deal with issues faced while executing approaches of talent management? a) Maintain positive relationship b) Adopt right leadership style c) Involve employees in decision Sampling: -It is a process through which group of people are selected in such a manner that provide with relevant information on behalf of whole population about the current area of study. There are mainly two methods that are used for performing sampling such as probability and non-probability sampling. Among these two the probability sampling method will be considered for this study as it allows the researcher to avoid biasness in selecting of respondent by choosing people randomly while providing each individual equal chance of being selecting. For this study the sample size of 20 respondents will be selected who are employees of TUI. CHAPTER 4: RESULT/FINDINGS Frequency table Q1 Are you aware about the importance of talent management within a hospitality organisation? Frequency a) Yes18 b) No2 Q2 According to you what is the main purpose of undertaking talent management within a company? Frequency a) Retaining competent employees12 b) Developing employees’ skills6 c) Improving performance2 Q3 What are several benefits that TUI will get with the implementation of talent management at workplace? Frequency a) Keep employees motivated10 b) Better employee engagement4 10
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c) Enhancing productivity6 Q4 In what manner talent management support TUI in retaining its employees at workplace for longer period of time? Frequency a) Positive16 b) Negative1 c) Neutral3 Q5Asperyourperceptionwhatareseveralareaswheretalent management can be applied to retrain employees at workplace? Frequency a) Recruitment and selection4 b) Employee compensation4 c) Training and development12 Q6 Do you think that the talent management will support TUI in its staff development? Frequency a) Yes14 b) No6 Q7 What are several talent managements approaches that TUI can adopt for employee’s development at workplace? Frequency a) Training program8 b) Performance appraisal9 c) Job enlargement3 Q8 According to you, what are several issues that a manger of TUI may face while working over talent management? Frequency a) Employees dispute6 b) Inappropriate guidance and support4 c) Dissatisfied employees10 Q9 According to you, what actions must be taken by TUI to deal with issues faced while executing approaches of talent management? Frequency a) Maintain positive relationship3 b) Adopt right leadership style6 c) Involve employees in decision11 11
Q1 Are you aware about the importance of talent management within a hospitality organisation? Frequency a) Yes18 b) No2 Q2 According to you what is the main purpose of undertaking talent management within a company? Frequency a) Retaining competent employees12 b) Developing employees’ skills6 c) Improving performance2 12
Q3 What are several benefits that TUI will get with the implementation of talent management at workplace? Frequency a) Keep employees motivated10 b) Better employee engagement4 c) Enhancing productivity6 13
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Q4 In what manner talent management support TUI in retaining its employees at workplace for longer period of time? Frequency a) Positive16 b) Negative1 c) Neutral3 Q5Asperyourperceptionwhatareseveralareaswheretalent management can be applied to retrain employees at workplace? Frequency a) Recruitment and selection4 b) Employee compensation4 c) Training and development12 14
Q6 Do you think that the talent management will support TUI in its staff development? Frequency a) Yes14 b) No6 Q7 What are several talent managements approaches that TUI can adopt for employee’s development at workplace? Frequency 15
a) Training program8 b) Performance appraisal9 c) Job enlargement3 Q8 According to you, what are several issues that a manger of TUI may face while working over talent management? Frequency a) Employees dispute6 b) Inappropriate guidance and support4 c) Dissatisfied employees10 16
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Q9 According to you, what actions must be taken by TUI to deal with issues faced while executing approaches of talent management? Frequency a) Maintain positive relationship3 b) Adopt right leadership style6 c) Involve employees in decision11 17
DISCUSSION OF FINDINGS Discussion of the basis of primary investigation Theme 1: The importance of talent management within a hospitality organisation Interpretation: According to the information mentioned above it has been identified that talent management is most general concept within an organisational management and employees have through understanding about it. from the analysis of information it can be said that around 18 people have awareness about importance of talent management in organisation while 2 employees don’t have much understanding about it. Theme 2: The main purpose of undertaking talent management within a company Interpretation:-Whileinvestigatingaboutthepurposeofinvestigatingtalent managemnet it has been found that around 12 people said that it is performed fro employees retention,6saidfordevelopingemployeeskillsand2saidthatithelpinimrpioving perfromance. From ananlyses of infromation it has bene identifued that majority fo people are in favour of retain employees as main purose because it involve several practices that performed for kepeing emeployees satisfied with job anda t same tiem get developmente opportunity which is aimed toewrad retaining them. Theme 3: Several benefits that TUI will get with the implementation of talent management at workplace Interpretation: - There are number of benefit that TUI get with talent management and whiel evaluting this it has bene found that around 10 employees said that it keep employees motiavted, 4 said it allow better employee engagemnet and 6 said it enhance the productivity. From evaluating the data it has been determined that the major benefit that TUI will get with implemnetation of talent managemnet is that it help in keeping employees motivated. It is so becausewhenemployeesgetfavourablefactorinorganisationtowradtheirgrowthand developmente then they remain fully motiavted toward work. Theme 4: Talent management support TUI in retaining its employees at workplace for longer period of time Interpretation: - While evaluating the impact of talent managemnet on TUI it has been identified that around 16 people agree that it bring positive impact, while 1 said that it has negatiove impact and 3 said that it has neutral impact. From the ananlsyis of infomrtaion it can 18
has bene identifuiedthat majoriryof peopleare in faviour of positive impactof talent managemnet over eployee retention. As talent managemnet support in providing the favourabl factor to employees for their growth to tehir they actuall seek, so if talent managemnet is doen appropraitely inorganisation it bring positive impact over employee retsntion. Theme 5: Several areas where talent management can be applied to retrain employees at workplace Interpretation: - There are several areas of prcatices within orgnaisationw here talent managemnet can be implemneted which support TUI in future tro retain employees. While gathering infomrtaion about this, it has been identifued that around 4 employees belived recruitemnet and selection is that area, while4 said employee comoesation is area that must be focuses and reamining 12 said training nad developmente ids the best area. From ananlsyisng it is detremined that majority of people are in favour of training and developemnt, as with the help of focusing iover talent managemnet in this area the employees can be providede with better understnading nad developmenbe of skilsl which encourage them to perform well nad achieve greater growth in career while satying within organisation. Theme 6: The talent management will support TUI in its staff development Interpretation:-Thetalentmanagemnetactivitiesarealsoconnectedwitheth developmente of staff within TUI. Fro investigating about this, it has been found that around 14 employees said yes to this whle 4 said no to this. From this it can be interpret that larger number of respondenst are in favour of this statemnet, as for talent mabnagemnet TUI continously organise training program and perfromance appraisal which in turn allow teg employees to learn and devbelop tehir skills by getting feedback abouyt mistake and ways to impiorve. Hence it collaborate toward developmente of employees within TUI. Theme 7: Talent managements approaches that TUI can adopt for employee’s development at workplace Interpretation:-Whilegatheringinfomrtaionaboutseveraltalentmanagemnet approaches that can be used for employees developmente, it has bene found that around 8 people saidtrainbingaprogramisbestapproach,9saidperformanceappraisaland3saidjob enlargement. Aftetr evaluating gatherde infomrtaion it has been detremined that majority of 19
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people are in favour of perfromance appraisal as it help in evaluating the perfromance if employes and ensuring that tehre efforts are moving twrad right direction by providing regular feedback over perfromance gap, eroors and methods to improve it. Theme8:SeveralissuesthatamangerofTUImayfacewhileworkingovertalent management Interpretation: -From the above-mentioned information it can said that there are number of issues thatTUI mainlyfaceswhile implementingthe talentmanagementpracticesat workplace. While gathering the information regarding this it has been determined that around 6 employees said that employee dispute is the major issues. On the other side 4 respondents said that inappropriate guidance and support and around 10 employees said that dissatisfied employee is the major issue which restrict in executing the talent management practices effectively. From analysis of data it has been determined that majority of people are in favour of dissatisfied employees as they not only remain resist to change but also influence other to remain against such things. Theme 9: Actions must be taken by TUI to deal with issues faced while executing approaches of talent management Interpretation: - while investigating about the actions to be taken for resolving eth challenges faced by the organisation in talent managemnet it has bveen found that 3 employees said that maintining good relations will be helpful. While on the other side 6 said adopting right leadership style will be helpful and 11 said that involve employees in decision will be helpful. From overall ananlysis it has bene identified that majority of people are in favour of involvemnet of employese in decsion making as ot help in keeping them motivated and also bring maximum employeee eangagemnet that ensure better talent management. Discussion of Literature Review From the above discussion from the point of view of different authors which are collected from sources like books, journals, internet articles etc. it can be said that talent management plays an important role in an organisation so that it can gain a competitive edge in the market. Companies need to implement various strategies that can help them in managing their skilled workers effectively so that their skills and talents can be directed towards achieving company 20
goals. The secondary data collected also help in analysing that companies can use various employee development and retention strategies so that they can continue to develop their talented staff and improve brand image in market. Performance appraisals, training and development, salaries and benefits, flexible working hours, increased employee engagement etc. can help the company in retaining their employees and developing them so that they can help in achieving company goals on time. It is thus important that TUI continuously improve its employee development and retention strategies so that a pool off talented employees can be developed which can help in enhancing the competitiveness of the company in market. It can also help in creating a brand image as an efficient employer in the market so that more number of employees can be attracted and company services can be improved thereby enhancing customer experience. CONCLUSION From the above-mentioned information, it can be concluded that the talent management is most significant part of a human resource function within an organisation as it helps in keeping employees developed so that they support in growth and success of organisation. Additionally, it also helps in retaining employees for longer within organisation by adopting several kinds of strategies under talent management. By conducting investigation over this it has been identified that the employees can be retain by implementing talent management practices in several areas which keep employees satisfied with working condition and help in retaining them. These areas include training and development, compensation and recruitment or selection, when these practices performed in theses areas remain favourable to employees they retain in organisation. Despite of this, it is also identified that to keep employees retain it is crucial for management to provide them with opportunities for personal development. This can be done through several strategies such as training program, performance appraisal and job enlargement. RECOMMENDATION From the analysis of gathered information, it has been identified that there are number of issues that TUI management faces while implementing talent management practices within eth organisation. To deal with these issues following recommendations are provided, ï‚·The manager of TUI must adopt the participative leadership where it keeps employees motivated to perform work by regularly involving them in the activities and decision- making process. This help in keeping positive view of employee toward management which in turn simplify the process of talent management. 21
ï‚·Before implementing new changes in organisation, the manager of TUI must firstly provide training to its employees so that they easily accept the changes and become able to develop their skills and capabilities. ï‚·The manager of TUI must regularly appreciate the efforts of employees and also provide them with growth opportunity so that employees get satisfied with tehri job by getting development opportunity which support in keeping them retain for longer duration. REFLECTION The experience while performing this investigation was great as I become able to develop my understanding about the importance of talent management within an organisation and manner in which it can be managed effectively. While performing this investigation I went through so many of challenges but efforts pay off and I become able to successfully completing the investigation and be able to achieve the aim behind this study. For successfully achieving the objective, research methodology supported me a lot, where I perform secondary investigation in the form of literature review through online articles, books and journals which support me in developing understanding about this area of study. It also helps me in deciding the matter that I havetoinvestigatewhileperformingprimaryinvestigationsothatresearchaimcanbe successfully achieved. So, for gathering primary information I make use of questionnaire that help in collecting huge information from 20 employees as a sample in les possible time period. So, from all these experiences I can say that I become able to develop my understanding about talent management along with developing my researcher skills where I get to know how the tools and methods must be use to extract information effectively. In further when I again get a chance to conduct such study than I will use interview for collecting primary information which allow a face to face interaction with respondents so information can be extract in more effective manner. 22
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REFERENCES Books & Journals Craig, M., 2015, July. Cost effectiveness of retaining top internal talent in contrast to recruiting top talent. InCompetition Forum(Vol. 13, No. 2, p. 203). American Society for Competitiveness. Deery, M. and Jago, L., 2015. Revisiting talent management, work-life balance and retention strategies.International Journal of Contemporary Hospitality Management. Festing, M. and Schäfer, L., 2014. Generational challenges to talent management: A framework for talent retention based on the psychological-contract perspective.Journal of World Business,49(2), pp.262-271. Gallardo Gallardo, E. and Thunnissen, M., 2016. Standing on the shoulders of giants? A critical review of empirical talent management research.Employee Relations,38(1), pp.31-56. King, K.A., 2015. Global talent management.Journal of Global Mobility. Mackey,A.andGass,S.M.,2015.Secondlanguageresearch:Methodologyanddesign. Routledge. Scotland, J., 2012. Exploring the philosophical underpinnings of research: Relating ontology and epistemology to the methodology and methods of the scientific, interpretive, and critical research paradigms.English language teaching.5(9). pp.9-16. Taherdoost, H., 2016. Sampling methods in research methodology; how to choose a sampling technique for research.How to Choose a Sampling Technique for Research (April 10, 2016). Tatoglu, E., Glaister, A.J. and Demirbag, M., 2016. Talent management motives and practices in an emerging market: A comparison between MNEs and local firms.Journal of World Business,51(2), pp.278-293. Tuohy,D.andet.al.,2013.Anoverviewofinterpretivephenomenologyasaresearch methodology.Nurse researcher.20(6). Walliman, N., 2017.Research methods: The basics. Routledge. Wiek,A.andLang,D.J.,2016.Transformationalsustainabilityresearchmethodology. InSustainability science(pp. 31-41). Springer, Dordrecht. Online Heathfield.2019.Purposeoftalentmanagement[Online]Availablethrough: <https://www.thebalancecareers.com/what-is-talent-management-really-1919221> David.2020.Employeedevelopmentapproaches[Online]Availablethrough: <https://www.15five.com/blog/how-do-i-improve-employee-development/ > Chad.2018.Employeeretentionstrategies[Online]Availablethrough: <https://wheniwork.com/blog/7-great-employee-retention-strategies> John.2020.Improvingemployeeretentionanddevelopment[Online]Availablethrough: <https://www.inc.com/john-rampton/10-ways-to-improve-employee-retention.html> 23