Reasearch project -talent management a key component of HRM

Research project -
talent management a
key component of
HRM

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
and identify the impact of talent management in the working and wellbeing of the
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
the HR manager like recruitment & 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
than 1469 location all around the world. This report identifies the impact of talent
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
To identify the impact of talent management on Human resource. A case study of
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.

 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
According to the Jafari and Ranaei Kordshouli, (2019), revealed that talent
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
human capital management activities and initiatives. It contains some specific talent
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 component which 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
development of the employees and also helpful to improve the productivity of the
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