logo

Effective Talent Management Strategies for Organizational Success

   

Added on  2023-01-04

6 Pages2727 Words34 Views
1 [revision1.00(September20
10)]
Research Proposal Template
Project Title: What are some effective 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
Effective Talent Management Strategies for Organizational Success_1
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 the Choi, 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 by Kim and Beehr, (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 views Pandita 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 side Krishnan 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 rate Miller 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
Effective Talent Management Strategies for Organizational Success_2
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 of ALPARSLAN 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 confidence Victor 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 as procedure 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
Effective Talent Management Strategies for Organizational Success_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Strategies of Talent Management in Retail Sector: Study on ASDA
|10
|2323
|43

Best Strategy to Attract and Retain Employees in Organization
|21
|5593
|1

Impact of Leadership on Retention of Talented Employees in Retail Sector: A Study on Sainsbury
|11
|2240
|80

Effective Strategies for Attracting and Retaining People
|10
|2089
|67

Impact of Talent Management on Organizational Performance
|13
|3891
|26

Role of HR Function in Deloitte and Recruitment Strategies for Organisational Performance
|14
|5013
|96