EXECUTIVE SUMMARY On the basis of this report, it can be generalized that talent management is considered the most essential key component of the HR and it can play a effective role in the development of the organisation. This report analyses the importance of talent management andidentifytheimpactoftalentmanagementintheworkingandwellbeingofthe organisation. With the help of this report, some specific benefits analysed which can help appoint the fresh talent in and organisations so that they can retain in the Organizations for longer periods. This report also discusses the challenges of talent management due to poor practice it can affect the performance and effectiveness of the employees so it is important to follow all the practices of the talent management
Table of Content EXECUTIVE SUMMARY........................................................................................................2 INTRODUCTION......................................................................................................................4 Research Aim....................................................................................................................................4 Research Objectives..........................................................................................................................4 Research Questions...........................................................................................................................4 Rationale for the research..................................................................................................................5 LITERATURE REVIEW...........................................................................................................5 Research Methodology...............................................................................................................8 Research philosophy..........................................................................................................................9 Research Approaches........................................................................................................................9 Research Method.............................................................................................................................10 Source of Data Collection................................................................................................................10 Sampling Techniques......................................................................................................................10 DATA ANALYSIS AND INTERPRETATION.....................................................................11 REFLECTION.........................................................................................................................20 RECOMMENDATIONS.........................................................................................................20 REFERENCES.........................................................................................................................20
INTRODUCTION Every organisation requires to focus on their plans and policies which can help to enhance the productivity of the organisation. In an organisation, various departments are play significant role in the development of the organisation but it is a fact that employees are considered as the main key to get success so it is necessary to pay more attention on Human resource department (Alamri, M. and et. Al.,2019). Basically, HR department are concerned about the each & every activities of the employees so that manager can easily boots their performance level and provide them satisfaction. There are various functions performed by theHRmanagerlikerecruitment&selection,training&development,performance appraisal, job analysis & design, talent management and performance management. In all these functions, Talent Management is the most essential function and also considered as the key component that can help to attract & retain employees in the organisation for longer duration. As per the current scenario, this function is helpful in th growth the organisation. The main purpose of this report is to discuss about the talent management function of Mark & Spencer organisation, which is most popular retail organisation established in 1884 by the Michael Marks and Thomas Spencer. The headquarter situated in London and operating more than1469locationallaroundtheworld.Thisreportidentifiestheimpactoftalent management on the role of human resource. This report conducts the research and analysis primary and secondary outcome which can help to get results. Topic -The Impact of Talent Management on the role HR Research Aim ToidentifytheimpactoftalentmanagementonHumanresource.Acasestudyof Marks&Spencer. Research Objectives To understand the concept of Talent management for the role of Human resource department of M&S. To examine the advantages of talent management for the welfare of organisation. To analyses the issues which organisation can face due to lack of talent management practices. Research Questions What is Talent management and their role in Human resource department of Mark&Spencer.
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What are the advantages of talent management for welfare of the organization? What are the issues faced by the organization due to lack of talent management? Rationale for the research Basically, rational for the research helps to identify the reason of conducting the research and also determine the main purpose of the research study. The main purpose to conduct this research is to identify the impact of talent management on the role of human resource. This report can help to gain the in-depth understanding of the HR and also help to identify the main issues that experienced by organsiation, when they are not focusing on the talent management and it's practices. This study can help to provide the complete understanding and importance of talent management for the development of organization and also determine the advantages of talent management for the welfare of the organisation. LITERATURE REVIEW Concept of Talent management for the role of Human resource department of M&S AccordingtotheJafariandRanaeiKordshouli,(2019),revealedthattalent management component is essential for the success of the organisation and HR department give more importance in this so that HR manager can effectively imporve the performance and productivity of the employers and also organisation. Talent management is help for both employees because it develops the efficiency and productivity of the employee so that they can improve their performance level and secure their career. Human resources department of the organisation mainly focus on this component because it provides the positive outcomes. HR manager can recruit the right person for the right job and provide them training so that they can easily develop their skills as per the requirement of the job which will lead the success of the organsiation. Talent management is considered the significant concept of humancapitalmanagementactivitiesandinitiatives.Itcontainssomespecifictalent management strategies and activities like recruit the right person for the job & manage employees effectively, create & develop the strong & influential management approaches & policies, designing the systematic framework for decision making. Mainly talent management is responsible for regular activities that overseen by the HR department. Some specific practices considered by the HR department such as recruiting, performance management, career management, leadership development , organisational strategeis etc. All these practices are helpful to attract and retain the right talent in an organisation and provide them job
security and effective environment so that most potential employees stay for longer duration ( The Role of HR in Talent Management , 2015). The importance of talent management is taking the wider place in an organisation. Talent management is important key componentwhich can help to develop the various activities like improve the business performance ,stay competitive, drive innovative thing's,create productive team, reduce turnover rate, strong employees branding, motivate employees to grow. With the help to talent management model, organisation can effectively maintain the high skilled talent. Some steps of this model such as planning, attracting, developing, retaining and transitioning. All these steps of this model can help to maintain the high potential employees in and organizations. Manager of the organisation use some specific talent management strategies in model so that they can manage the best talent. Some specific talent management strategies such as recruit only top employees, hire promising employees and develop their skills, assign responsibilities, analyses the results, communicate and coordinate with employees and many more which are essential in the development of the organization(Talent Management, 2021).Talent management role is considered the most appropriate role to boost the proficiency of the staff members so that they can able to perform well in a right manner. HR manager contain the various talent management role for the success of the organisation. Some specific role of talent management help to maintain the employee’s day to day activities. There are various talent management role involved in the Organizations such as talent coordinator, talent specialist, talent coach, talent manager, head of talent and director of talent. All these roles play a most essential and influencial part in the developmentoftheemployeesandalsohelpfultoimprovetheproductivityofthe Organizations(Talent management role, 2021).Organisation need to think more about the progress of the employees so that they can help to improve the productivity and performance of the organisation. To prevent from all these situations, it is necessary for the HR manager to seriously adopt the effective talent management strategies which can lead the development of the Organization. Advantages of talent management for the welfare of organisation. According to the Elizabeth Quirk, (2018), revealed that talent management is the Strategic process of recruit, training, retaining, development by the organisation so that all the staff members reach the gain the business goals and operation objectives. Generally talent management considered a specific disciplines as a massive as role of the initiatives purpose at the employees and also development of the organisation. There are many obvious advantages
that implement talent management strategic software mainly streamlined the HR activities and operations & also integration and incorporation with the core HR software and human capital management. All these practices formulate the specific functions for the benefits, payroll,time&attendance.Somespecificadvantagesoftalentmanagementsystem considered by the organisation during use of talent management system such as improve hiring techniques so that high potential employees can be appoint, effective development of employees, provide smarter business decisions, enhance cultural connection, retain best talent in an organisation. All these benefits can help to maintain the performance and effectiveness of the organisation. There are seven benefits of talent management system which can provide the most positive outcome for the welfare of the organisation. These benefits such as it can help connecting & sharing the data and useful information , it provide the strategic hiring process so that high quality of candidates can be hire in the organization, this component is useful to increase the level of onboarding experience, this technique is essential because it can help to retain top talent in an organisation, this technique can help to improve employees experience so that they can perform well as compared to their previous performance, with the help of talent management , employees and management relationship become more strong. All these benefits provide the positive impact on the working of the organisation so that they can eaisky obtain day to day task and achieve the most appropriate results( 7 Benefits of having talent management system, 2016).Basically, talent management is planning a vital role in formulating the business strategies and it can help to manage the most essential assets of the organisation that is employees. This is considered as the most prominent practice that can provide the competitive edge so that organisation can sustain in the market & remain progressive. There are main benefits of this practice such as improve employees engagement, enable sustainable planning, create multi skilled building by job rotation, increase clients satisfaction, create effective team as per the employees capabilities and personalities. All these benefits are helpful to maintain the effective working of the employees so that they can improve their efficiency level and maintain their performance parameters(What are the benefits of talent management? , 2021). Issues faced by the organization due to lack of talent management AccordingtotheSaadatandEskandari,(2016),explainedthatsomeofthe organisation can experience various issues and challenges which can affect the goodwill of the organisation and also provide the negative impact on the productivity of the organisation. It is identified that poor HR hiring and lack of technology and technical knowledge affect the
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performance of employees and contain as the main issues of the talent management poor practices. As per this study it can be analysed that without talent management strategies and practices, most of the organisation can face adverse outcomes which are not appropriate for the development and wellbeing of the organisation. There are some talent management issues considered such as tightening talent market, lack of effective leadership, improve turnover ratio, high compensation demand, unappealing organisational culture(The 5 biggest talent management challenges for HR in 2017, 2020).Talent management can affect the marketing of the organisation in a positive manner so that they can achieve each and every task effectively. Talent management can help to provide the systematic framework to their employees so that all the staff members can effectively develop their task and operations. There are some challenges affect the performance of the organisation such as encouraging passione, embracing new talent and interest, offer effective and impressive salary, provide engaging working environment, attract the top Talent in the first place, being very open minded. All these challenges become the main reason to decrease level of organization growth rate and influence the workforce negatively (Andre, 2015).The changing scenario of the market affect the market situation andprovidethe new obstacles that mainly make the talent acquisition , retention and hiring become more difficult. Due to lack of Talent management practices, there are many obstacles and issues occur and human resource department faced many challenges that can affect the brand image of the organisation. Some challenges such as recruitment & retention, quality of hiring of employees, reference checking. All these challenges become the big barriers in the growth of the organisation. Talent management help to motivate the employees and provide them job security so that their satisfaction level increase and also their performance level also boost so that all the team members in the organisation can maintain their working and achieve their day to day objectives so it is essential for the Manager to maintain the systematic structure and provide employee advance training so that they can effectively improve themselves for the future requirements(3 Key Talent Management Issues Plaguing Organizations). Research Methodology It is the technique that is used to identify, select, measure the process of making the usefulinformationrelatedtoanyspecificarea,topic.Withtheuseofthisresearch methodology, a research can evaluate the information in order to understand the validity & reliability of the source data. There are the set of steps that are involved and useful to conduct
the research. This report analyses the importance of talent management strategies for the benefit of the company. Moreover, also determine the various issues that affects the firm due to the lack of talent management practices. Explanation of the research methodology steps on the basis of this research is explained below: Research philosophy It is the value and the belief that helps in gathering the data that is needed for the respective research. There are two types of research philosophies that is needed to consider in the research process the first is interpretivism philosophy and the second is positivism philosophy and both are explained as follows: Interpretivism philosophy: it is the aspect which is useful to get the text data of people who are the part of the research by which the researcher can take the knowledge and the understanding related to the target group. Qualitative data is considered in order to analyse the information in this philosophy. Positivism philosophy: it is the aspect which analyses all the information with the conduct of survey and questionnaires. In this, researcher can conduct the question reason survey to the target group and evaluate the reliability. Quantitative research data is considered in this philosophy in order to collect the information through questionnaire. In order to carry out this research project, positivism philosophy is considered because it is best suitable and help in collecting the data in the effective manner by which the researcher can easily obtain the quantitative data in order to get the reliable information. Research Approaches It is the structural approach that is used to analyses the prospective essential method andassumptionsthatisdirectlyandindirectlyconnectedtotheresearchproject (Latukha,2020). With the help of research approach, researcher can collect the required information and considered this approach for the enhancement of the research. In order to carry out this research, deductive approach is considered as compared to the inductive approach that are explained as follows: Inductive Approach-this approach help observing and generalizing those theory that is directly related to the research area and this is all also called bottom-up research. Inductive approach starts from the conclusion and the outcome that is involved in the
innovationmethodandthisconsideredthequalitativedataandmaintainthe qualitative information in the research. DeductiveApproach-thisapproachisalsocalledthetop-downapproachand considered the outcome of the research must be correct if the premises of the research is true. This approach is tough in comparison of inductive approach as it required the fact and truth related data. To carry out this research deductive approach is used as it helps in considering the quantitative data that is useful to evaluate the numeric information and this consists of less time in order to get the effective information. Research Method There are two types of research method is use to carry out this research and they are explained as follows: Qualitative method: This method is considered the most appropriate method that can help to analyses the qualitative data in the research topic. Qualitative method provide thein-depthknowledgeQualitativemethodcanhelptoprovidethein-depth knowledge so that researcher can gather the data effectively but this method is very time taking. There are various sources to collect the qualitative data and information such as observation, interview, online interviewand telephonic interview. This method can use inductive approach so that most qualitative information can be collect for the research. Quantitative methods -This research method use in numeric form and helpful to gain the valid information in the short period of time. There are many sources to take the quantitative data like questionnaire method, survey method and it use deductive approach so that most possible outcome will be considered. To carry out this research as it helps in getting more possible outcome and provide more valid responses and consume less time as compared to qualitative data collection method. Source of Data Collection It is the systematic and structure method that is used to correct the data in an appropriate and effective manner which also help in gathering the research data in a specific form. Commonly researcher can collect the data for the research from the group of people internet, files and documents. There are two types of data collection method which are
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primary and secondary source of data collection and in this research both primary and secondary data collection method is used that is explained as follows: Primary source: it is the method in which the researcher gathered the first handed information and the researcher can directly collect the data from the target group of people with the help of questionnaire, interview, survey and observation method. This method can be used in data collection and to carry out the current research the researcher is using the questionnaire method together the appropriate and correct that are from the employees of Marks and Spencer. Secondary source: it is the source in which the original data is not collected as the data is already collected by the other person. This method required less time and cost as the study depends upon the existing information and data. To carry out this research, the researcher used the data from article, journal, newspaper, website and magazine. Sampling Techniques Sampling is a method that is used to select the individual or the group of people in order to get the statical inferences and also helps in estimate the characteristics of the target population (Grissom and et. Al., 2017). There are two types of sampling method that is involved in order to analyses the group of people. These are probability sampling and non- probability sampling technique. To carry out this research project probability sampling is used and the explanation for selecting this institute of non-probability sampling is given below: Probability Sampling Techniques- this technique follows the few criteria and select therespondentrandomlyfromthetargetpopulation.Isthistechniquehelpin providing the equal opportunity to every respondent. Non-probability Sampling Techniques- in this given technique, the selection process is not fixed and researcher randomly target the population as this technique is not predefined not provide the equal opportunity to the respondent. To carry out this research project, probability sampling is used as it helps in measuring the large number of respondents in the minimum time. This technique is suitable to select the respondent in the appropriate manner and 20 respondents is considered for this prospective research study.
DATA ANALYSIS AND INTERPRETATION To evaluate the data, researcher is using the questionnaire so that the researcher can analyses and implement all the necessary information to the better outcome. Questionnaire is the instrument that is associated with the set of questions which is being asked by the researcher to get the suitable conclusion. The explanation of the close ended questions is explained as follows: Questionaries Name Age Gender Q.1 Are you aware about the concept of Talent Management? a) Yes b) No Q.2 Are you in favour that Talent management is important for the growth of the company? a) Yes b) No Q.3AsperyourviewisTalentmanagementcanaffecttheproductivityandthe performance of the workforce? a) Yes b) No Q.4 According to you, what is the main advantage of using the talent management practices? a) Retain high performance working b) Enhance employee’s engagement
c) Development of employees d) Increase the experience of employees Q.5 According to you, which is the most approiate practices of talent management that is useful for overall development of the employees? a) Opportunities for professional development b) clear expectations c) Constant performance appraisal d) Improve talent Q.6 Are you agree that talent management is helpful in retention of the employees for a longer period of time? a) Yes b) No Q.7 Which is the effective talent management application that helps the Marks and Spencer to attract the potential and talented candidates? a) Talent classification b) Talent development c) Talent acquisition d) Talent identification Q.8 What is the main issue that is Marks and Spencer is facing due to ineffective talent management practices? a) Lack of leadership b) Increased employee turnover c) Effective talent market Q.9 According to you, what are the different source of recruitment, which company can
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use? a) Advertisement b) Internal recruitment c) Campus recruitment Q.10 In your perception, is there any advantage for the internal recruitment for the company? a) Yes b) No Q.11 What are the strategies which company can adopt to manage their talent effectively? a) Performance management b) Reward management c) training and development Q.12 What are the method of training which company can adopt for developing the skills of employees? a) On-job training b) Off-job training Q.1 Are you aware about the concept of Talent Management? Frequency a) Yes12 b) No8
12 8 Frequency a) Yesb) No Interpretation:On the above analysis, It is stated that out of 20 respondents, 12 respondent are aware about the concept of talent management and 8 employees of Marks and Spencer are not aware about the concept of talent management as they do not have any understanding about the talent management. Q.2AreyouinfavourthatTalent management is important for the growth of the company? Frequency a) Yes9 b) No11
9 11 Frequency a) Yesb) No Interpretation:It is found from the above study that most of the employees in the organsiation is not agree that talent management is important for the development of organsiation as there are 11 employees are not in favor of this and there are 9 respondent who are in favor of that talent management helps in development of the company. Q.3 As per your view is Talent management canaffecttheproductivityandthe performance of the workforce? Frequency a) Yes15 b) No5
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15 5 Frequency a) Yesb) No Interpretation:On the basis of the above observation, It is determined that out of 20 respondents, the 5 employees are in favor that talent management can affect the productivity and the performance of the workforce and 15 employees are not agree with that the talent management helps in getting the productivity and the performance of the employees. Q.4 According to you, what is the main advantage of using the talent management practices? Frequency a) Retain high performance working8 b) Enhance employee’s engagement5 c) Development of employees4 d) Increase the experience of employees3
8 5 4 3 Frequency a) Retain high performance workingb) Enhance employee’s engagement c) Development of employeesd) Increase the experience of employees Interpretation:According to this research, It is observed that the retention of the high performance working is the main advantage of the talent management. 8 employees are in favour of retaining the top talent within the organsiation and 5 employees are in favour that talent management helps in enhancing the employee’s engagement. Q.5 According to you, which is the most appreciate practices of talent management that is useful for overall development of the employees? Frequency a)Opportunitiesforprofessional development 8 b) clear expectations5 c) Constant performance appraisal5 d) Improve talent2
8 5 5 2 Frequency a) Opportunities for professional development b) clear expectations c) Constant performance appraisal d) Improve talent Interpretation:Aspertheaboveanalysis,Itisstatedthatwiththehelpoftalent management,therewillbemoreimprovementintheopportunitiesforprofessional development. 8 employees are in favour that they can receive the opportunities for the development of them and 5 employees are saying that talent management helps in constant performance appraisal of the employees. Q.6 Are you agree that talent management is helpful in retention of the employees for a longer period of time? Frequency a) Yes15 b) No5
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15 5 Frequency a) Yesb) No Interpretation:As per the above research, it is found that talent management helps in the employee retention within the organsiation. Overall, 20 respondent, the 15 employees are agree that talent management is helpful in retention of the employees for a longer period of time Q.7Whichistheeffectivetalent managementapplicationthathelpsthe Marks and Spencer to attract the potential and talented candidates? Frequency a) Talent classification10 b) Talent development5 c) Talent acquisition3 d) Talent identification2
10 5 32 Frequency a) Talent classificationb) Talent development c) Talent acquisitiond) Talent identification Interpretation:On the basis of the above observation, It is analysed that talent classification is considered as the most effective application is used by the Marks and Spencer by which the manager of the company can easily identify the talented employee within the organsiation. 12 employees are in favour that talent management helps in classification of the talent and 10 employees are agree on that talent management helps in talent development. Q.8 What is the main issue that is Marks and Spencer is facing due to ineffective talent management practices? Frequency a) Lack of leadership12 b) Increased employee turnover5 c) Effective talent market3
12 5 3 Frequency a) Lack of leadershipb) Increased employee turnover c) Effective talent market Interpretation:It is analysed from the above study that lack of leadership is the main issue that is faced by the Marks and Spencer due ineffective talent management and there are 12 employees who are in favour of this and 5 employees are agreed on this that ineffective talent management leads to increase the employee turnover in the company. Q.9 According to you, what are the different source of recruitment, which company can use? Frequency a) Advertisement8 b) Internal recruitment5 c) Campus recruitment7
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8 5 7 Frequency a) Advertisementb) Internal recruitmentc) Campus recruitment Interpretation:As per the survey, it is said that out of 20 respondents, 8 are in favor of that advertisement is the best source of recruitment and 7 are in favor of campus recruitment is the best source of recruitment. Q.10Inyourperception,isthereany advantage for the internal recruitment for the company? Frequency a) Yes12 b) No8 12 8 Frequency a) Yesb) No
Interpretation:As per the survey, it is said that 12 respondents are in favor of that internal recruitment will be beneficial for getting the potential candidate in an organsiation. 8 respondents are in factor of that internal recruitment are not good for recruitment of employees. Q.11Whatarethestrategieswhich company can adopt to manage their talent effectively? Frequency a) Performance management7 b) Reward management7 c) training and development6 7 7 6 Frequency a) Performance managementb) Reward management c) training and development Interpretation:Asperthereport,the7respondentsareinfavorthatperformance management helps in making the talented employees within the organsiation for a longer period of time and 7 are in favor of reward management is helpful in managing the talent within the organsiation. Q.12 What are the method of training which company can adopt for developing the skills of employees? Frequency
a) On-job training15 b) Off-job training5 15 5 Frequency a) On-job trainingb) Off-job training Interpretation:As per the survey, it is said that 15 respondents are in favor of on-job training will be helpful for giving training to the employees and 5 respondent are in favor of off-job training. REFLECTION To conduct this research, I have gained various skills and knowledge that are required in effective accomplishment of this research project. I have also used my knowledge in the implementation and analysis of the research project by which I have got the resultant outcome. I am having a set of strength and weakness in which my communication skills is very good that I have used in order to deal with the target population and I have received a positive response from them in order to evaluate and get their valuable response. I have learnt several things like how to influence the people and get their respective feedback on a specific topic. I have also learnt the decision-making skills by which I have taken the right decision with the consideration of taking part in this research project and complete that in a effective manner. I am not good at time management so I have faced several problems related to
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managing the time in order to complete the research related task but over a period of time, I became able to complete my task within a given period of time in order to get the better outcome. From this research I have gained a lot of new things and I am very glad that I got this amazing opportunity to conduct this research on this topic ok and I also want to do the research in other areas as well so that I can enhance my skill and knowledge more in order to get the development in my career.With the help of data collection and analysis method, I have effectively considered the most possible outcome of the research as this method helps me to achieve the objective of research project in an appropriate manner. Through data collection,Icaneffectivelymaintaintheauthenticityoftheresearchwhichcreate effectiveness in my research. For this research, I have used some alternative research methodology such as research pholipies, research approach, strategies and data collection method. All these research methodologies provide me appropriate outcome and I mainly utilize quantitate and qualitative approach, positivism philosophy, primary nd secondary data collection method. With the helps of this, I have effectively generalize a better results. RECOMMENDATIONS On the basis of above research, few recommendations that is made researcher in order to get the effectiveness in the research project that is given below: Marks and Spencer must focus on following the proper guidelines of the talent management so that they can hire the potential candidate within the organisation who can complete their task by using their set of skills and integrated knowledge. It is also recommended to Marks and Spencer to conduct some regular practice of talent management so that they can improve the performance of their staff member in order to get better outcome in the organisation. The company must focus on the strategies of talent management so that they can get the enhancement in productivity from all the departments of Marks and Spencer by which they can increase their sale and productivity. Marks and Spencer must focus on giving the effective training session to the new employees so that they can learn the new strategy according to the market situation and perform well in their given field. With this they can develop their skills and
knowledge according to the current market situation and update themselves with the current trends and techniques. The human resource manager of Marks and Spencer must use the strategic hiring so that they can get the fresh talent and also emphasize on the employee engagement by which they can retain the high-performance working within the organisation in the consideration of getting good result in their business.
CONCLUSION It is concluded from the above research project that talent management taking the wider place in the current market situation. Talent management can help to maintain each and every operation in the organsiation so that they can sustain in the market for long term. This report discussed about the concept of talent management and why it is essential for the welfare of the organisation. This report also identified the various advantages of talent management in context of employees and organisations. Moreover, this report also analysed the challenges of talent management so that organisation can improve the effective practices and gain most possible outcomes. Lastly this report, conduct the small-scale research with the help of questionnaire method so that adequate and reliable data can be collected to analyse the effective results. This report also provided reflection statement and recommendations so that organisation can effectively address some changes in the organisation.
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