Effective Talent Management Strategies for Organizational Success
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This research proposal explores effective talent management strategies for organizational success. It discusses the roles of leaders and effective recruitment strategies in talent management, as well as the benefits of talent management and recommended strategies for success.
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1[revision1.00(September20 10)] Research Proposal Template Project Title:What are someeffective talent management strategies that can make organizations successful? Aims and Objectives INTRODUCTION Talent management is a process of recognizing as well as developing talented people within businesses for having positive outcomes and benefits (De Boeck, Meyers and Dries, 2018). Talent management is not only limited to employing skilled workforce but it requires leading, training to talented workforces, motivating them towards accomplishing goals and retaining them with the company for the long term. This study will discuss roles that leaders and effective recruitment and selection strategies play in people management. It will also discuss benefits that companies can have by retaining employees along with appropriate ways of managing and developing people. Aim To discuss ways or effective people management strategies that can help company in becoming successful. Objectives To identify roles of leaders in employees development. To discuss roles of effective recruitment and selection strategy in talent management. To identify benefits of talent management for Arcadia group retailer. To recommend effective strategies for managing talent within an organization. Research questions 1.What are some roles played by leaders in employee development and well being? 2.How effective recruitment and selection strategies can help companies in better talent management? 3.What are some benefits of effective people management? 4.Which strategies can help companies in better people management and staff retention? Rationale or justification On the basis of above aim and objectives it can be said that outcomes and answers of all questions can help companies in better talent management or retain skilled workforces. One of the main reasons of conducting this research is to help companies in identifying appropriate or effective recruitment, selection and other strategies by which they can accomplish their all goals by having skilled workforce (Wikström, 2020). This study will also help employers and
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2[revision1.00(September20 10)] companies in knowing importance of roles of leaders and their style for managing people and benefits that they can have by doing this. RelevancetoProfessionalorAcademicField/Literaturereview Roles of leaders in employees development According to theChoi, Tran and Kang, (2017) leaders is known as the main pillar for success of organization as they guide and lead employees in their work. It is found that an effective leader support his followers in completing their work, reducing errors and improving performance that can shape their future. It is also stated byKimandBeehr,(2018)that leaders recognize and appreciate employees on the basis of their performance that makes them feel valued and motivate them towards accomplishing goals. When leaders support and appreciate employees in front of others then it boosts their confidence and they are more likely to stay with the company for the long run. Coetzer, Bussin and Geldenhuys,(2017) argued and said that one of the main role and effectiveness of leader that Help Company in developing employees and their well being is leadership style. Chosen style of leading plays a vital role and it is found that transformational as well as democratic leadership are effective style. It provides opportunity to employees to take participate and becoming an active member in decision making process. When leader consider their views then also it makes them feel valued. So, it can be said that leaders play a vital role in employees’ development and staff retention. Roles of effective recruitment and selection strategy in talent management. Talent management starts with recruitment and selection of skilled workforces. It can be done in an effective manner with effective recruitment and selection strategy. According to the Taylor, (2018) external recruitment plays a vital role, when employers focus on employing workforce from institutes then they can get candidates with new and unique ideas. For more supporting this viewsPandita and Ray, (2018) said that by recruiting employees from outside, company can bring new ideas, creativity and uniqueness within business that can help company in taking competitive advantages and getting skilled workforces. On contrary sideKrishnan and Scullion, (2017) said that making use of effective selection strategy and focusing on traditional strategies rather than digital, company can get skilled workforce. In traditional type, employers can interact candidates face to face and by asking relevant questions they can employ skilled workforce that is suitable with their vacant job.Giousmpasoglou, (2019) argued and said that according to them employing candidates online can save cost and time and can also employ workers from different areas and cultures as it can be beneficial for employees as well. Benefits of effective people management Effective talent management can give several advantages to company. According to the Bibi, (2019) talent management improves image of the company and brand that helps company in attracting customers to the great extent. An improved image also helps company in increasing sales and customers retention rateMiller and et.al., (2020) argued and said that according to them an effective talent management and having skilled and loyal workforce provide qualitative products to customers that increase customer’s experience. Improved customers satisfaction is directly associated with competitive advantages. Marzouqi, Bahamaish and Saputelli, (2017) also said that an effective strategy used by companies for people management can make them market leader in the market. When company provides training and perform all functions for managing them in an effective manner then it makes them feel valued and makes them loyal towards company. Due to this, employees help
3[revision1.00(September20 10)] company in their difficult time and work load and support them in completing their project on time that can increase stakeholders’ satisfaction. Effective strategies for managing talent within an organization There are several ways by which companies like Arcadia group can use for managing people, developing them. As per the views ofALPARSLAN and SANER,(2020) training is one of the best strategy as by providing training and development to employees, employers can increase skills and knowledge of employees. It helps employees in improving their performance and also reduces errors and it boosts their confidenceVictor and Hoole, (2017) contradicted and said that according to them providing motivation by financial and non financial rewards, companies can manage their talented workforces in an effective manner. By knowing types of needs and providing rewards, employers’ can motivate staff and increase staff retention rate. Johennesse and Chou, (2017) stated that providing effective and safe working environment is one of the effective strategy of managing talent. Nowadays due to increasing risks and accidents, people want to work at place that implements safety rules and tools. So, by providing this and also provide family insurance, employers can attract and retain skilled workforce. Research Approach or Methodology Research type: As per the form of collecting data they are being divided into 2 types such as qualitative and quantitative. When information is being collected in the form of words and feelings or non numerical then such data are being known as qualitative. Whereas, data, collected in numerical form is known as quantitative research (Barlow and et.al., 2017). For this study, research will use qualitative research as in this type; scholar can gather information in detailed and accurate manner. Research philosophy:It refers belief about techniques or ways in which scholar should gather data about phenomenon. It is also being divided into 2 types such as interpretivism and positivism. In positivism philosophy, researcher believes that they can gain factual knowledge through observation and in objective manner, researcher collect as well as interpret data. Whereas, in interpretivism, researcher plays an effective and specific role in observing social world and try to understand that what people think and why they think. For this study of identifying better strategies of talent management, scholar will use interpretivism research philosophy because it is suitable with qualitative research strategy. Research approach: It is known asprocedure that consists of some steps of broad assumptions of detailed method of data collection, data analysis and using data. Inductive and deductive are 2 research approaches that are related to theories. In inductive approach, scholar generates brand new theory and in deductive research approach, researcher develops an existing theory of hypothesis (Woiceshyn and Daellenbach, 2018). For this researcher will use inductive research approach because it is associated with interpretivism. Data collection:As per the type of data it is being divided into 2 types such as primary and secondary. All those data that are being collected for the first time and are brand new, are known as primary data. Whereas, second hand data that may be used before by other scholars as they are published before are known as secondary (Ruggiano and Perry, 2019). For this research study, scholar will gather both primary and secondary by making use of literature and developing questionnaire. Data analysis:After collecting primary and secondary data, researcher requires making them accurate for using them in study in an effective manner. Qualitative and quantitative are 2 data analysis tools. For analysing qualitative or non numerical data, researcher uses qualitative data analysis tools and for quantitative or numerical data, researcher uses quantitative data analysis tools. For this study, researcher will use thematic data analysis tools as it is qualitative. Ethical Issues
4[revision1.00(September20 10)] Ethics refers moral principles that help researcher in identifying the difference between the right conduct and the wrong conduct. It also helps them out in making research study successful and effective by performing functions in ethical manner. There are several ethical issues that may occur while conducting research study such as: integrity, honesty, confidentiality, legality, carefulness and others (Yip, Han and Sng, 2016). So, for making study ethical there is requirement for researcher to follow some ethics such as: To maintain privacy of information given by participants. To not disclose professional and private information with others. To perform all functions in an ethical and legal manner. To not force or pressurize anyone for participating in research study. To provide equal as well as fair chance to all participants of sharing their views and respecting their views. Expected Outcomes/CONCLUSION From the above study it has been summarized thatmanaging talent within an organization plays an important role as it helps company in accomplishing their goal. Talent management improves image of company in the eyes of stakeholders. It has discussed roles, played by leaders in developing people and employees’ well being and also helping out company in meeting pre-determined goals. It has further, shown some benefits and advantages that company can take by using effective talent management strategies. Recruitment and selection strategies also play a vital role in people management as it helps companies in employing skilled workforces within business. It has also shown some better strategies and ways by which company can employ skilled workforces, motivating them and perform all functions of retaining them within business. Training and rewards also help companies in increasing staff retention rate and taking competitive advantages. Timeframe Topic selection1 day Development of aims and objectives1 day
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5[revision1.00(September20 10)] Generating literature review1 week Research methodology1 week Discussion of data4-5 days Conclusion2 days Submission1 day
6[revision1.00(September20 10)] REFERENCES Books and Journals ALPARSLAN, A. and SANER, T., 2020. The Influence of Sustainable Talent Management on Job Satisfaction and Organizational Commitment: Moderating Role of In-service Training.Revista de Cercetare si Interventie Sociala.69. Barlow, J. and et.al.,2017. Developing a research strategy to better understand, observe, and simulate urban atmospheric processes at Kilometer to Subkilometer Scales.Bulletin of the American Meteorological Society.98(10).pp.ES261-ES264. Bibi, M., 2019. Execution of Artificial Intelligence Approach in Human Resource Management Functions: Benefits and Challenges in Pakistan.Sarhad Journal of Management Sciences.5(1).pp.113-124. Choi, S.B., Tran, T.B.H. and Kang, S.W., 2017. Inclusive leadership and employee well-being: The mediating role of person-job fit.Journal of Happiness Studies.18(6).pp.1877- 1901. Coetzer, M.F., Bussin, M.H. and Geldenhuys, M., 2017. Servant leadership and work-related well-being in a construction company.SA Journal of Industrial Psychology.43(1). pp.1-10. De Boeck, G., Meyers, M.C. and Dries, N., 2018. Employee reactions to talent management: Assumptions versus evidence.Journal of Organizational Behavior,39(2), pp.199-213. Giousmpasoglou, C., 2019. Talent Management in the Greek Hotel industry: An investigation of Millennials’ recruitment and selection practices in luxury hotels. Johennesse, L.A.C. and Chou, T.K., 2017. Employee Perceptions of Talent Management Effectiveness on Retention.Global Business & Management Research.9(3). Kim, M. and Beehr, T.A., 2018. Organization-based self-esteem and meaningful work mediate effects of empowering leadership on employee behaviors and well-being.Journal of Leadership & Organizational Studies.25(4).pp.385-398. Krishnan, T.N. and Scullion, H., 2017. Talent management and dynamic view of talent in small and medium enterprises.Human Resource Management Review.27(3).pp.431-441. Marzouqi, M.A., Bahamaish, J. and Saputelli, L., 2017, November. Benefits of Implementing Integrated Reservoir Management IRM Framework by Closing Gaps in People, Process and Technology-Second Act. InAbu Dhabi International Petroleum Exhibition & Conference. Society of Petroleum Engineers. Miller, J. and et.al.,2020. Virtual Self-Management Has Potential Benefits and Challenges: A Response to a Letter to the Editor.Archives of physical medicine and rehabilitation. Pandita, D. and Ray, S., 2018. Talent management and employee engagement–a meta-analysis of their impact on talent retention.Industrial and Commercial Training. Ruggiano, N. and Perry, T.E., 2019. Conducting secondary analysis of qualitative data: Should we, can we, and how?.Qualitative Social Work,18(1), pp.81-97. Taylor, S., 2018.Resourcing and talent management. Kogan Page Publishers. Victor, J. and Hoole, C., 2017. The influence of organisational rewards on workplace trust and work engagement.SA Journal of Human Resource Management.15(1).pp.1-14. Wikström, L., 2020. Analyzing the importance of talent management. Woiceshyn, J. and Daellenbach, U., 2018. Evaluating inductive vs deductive research in management studies.Qualitative Research in Organizations and Management: An International Journal. Yip, C., Han, N.L.R. and Sng, B.L., 2016. Legal and ethical issues in research.Indian Journal of Anaesthesia.60(9).p.684.