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Impact of Talent Management on HR Practices: A Study on Ritz Hotel

   

Added on  2023-01-13

18 Pages4299 Words51 Views
Leadership ManagementData Science and Big Data
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Research project
Impact of Talent Management on HR Practices: A Study on Ritz Hotel_1

Table of Contents
INTRODUCTION...........................................................................................................................1
LITERATURE REVIEW................................................................................................................2
RESEARCH METHODOLOGY....................................................................................................4
DATA ANALYSIS AND FINDINGS............................................................................................6
CONCLUSION AND RECOMMENDATION............................................................................10
REFERENCES..............................................................................................................................12
QUESTIONNAIRE.......................................................................................................................14
Impact of Talent Management on HR Practices: A Study on Ritz Hotel_2

INTRODUCTION
Background
Talent management is stated as commitment of the company or human resource manager
in recruiting, retaining and hiring the most skilled and talented employees who are available in
job market. It acts as the full scope of the HR processes in attracting and motivating the
employees that are high performing. The present report is prepared on Ritz hotel; a 5 star hotel
mainly located in London and reflects symbol of luxury and the high society. Furthermore, the
report presents a review on impact of the Talent management on the processes and practices og
HR. Moreover, various methods have been used for the purpose of formulating the study with
reliability.
Aims and objectives
Aim
To analyse an influence of talent management on the HR practices in the hospitality
sector: a study on Ritz Hotel
Objective
To understand Human resources management and talent management
To determine factors that are taken into consideration while managing talent in an
organization
To study the relationship between HR process and talent management
To recommend measures for enhancing talent management in an enterprise
Rationale
The reason behind making the study is to the make detailed analysis on effect of TM on
the policies and the procedures or role of human resource. It has been seen as the current issue in
most of the organization as TM is the major responsibility of HR and any kind of the changes
regarding TM directly influences role of HR in an organization.
Significance
Conducting this research report would be beneficial and significant for the other researchers
who are looking for formulating the study specific this research problem. They could be able to
draw appropriate or critical findings from the study that helps them in preparing the report with
ease.
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Impact of Talent Management on HR Practices: A Study on Ritz Hotel_3

LITERATURE REVIEW
Theme 1: Understand Human resources management and talent management
Maheshwari and et.al., (2017) stated that HRM refers to the process of managing
employees in the organization by recruiting, providing training and also resolving matter which
arises at work place. Talent management refers to managing the talent of the employees by
understanding their capability, power and competencies to attain the particular task. In context of
business, HRM and talent management both are carrying the same process i.e. adapting strategies
to retain the interest of the employees.
Cappelli and Keller (2017) argued that in respect of managing talent, sometimes bring
conflict at work place, as individual had different capabilities to accomplish the task and thus, if
they are recruited on right field, they attain the task in better way. But the procedure which is
undertaken by HRM regarding recruiting person is not appropriate, it results in facing impact on
the productivity of the business.
McDonnell and et.al., (2017) suggested that the role of the HRM is also different from
the talent management, yet they carry the same vision of the company regarding retaining and
motivating employees. HRM carries the role of making the salary slips and also providing
rewards and achievement in exchanges of paying extra dedication work. The role of talent
management is to motivate employees to bring innovative ideas in business and inspire staff to
work as team.
Theme 2: Determining factors taken into consideration during managing talent in an
organization
According to the Collings, Mellahi and Cascio (2017) the various factors which are to be
determined regarding managing the talent in the business is related to the nature of the jobs in
which they are recruited. As talent is identified, if the person are recruited for the appropriate
field in which they carry the interest and also they carry the same knowledges regarding attaining
the task in right way. Through this factor the talent of the individual is determined and also get
the productive results.
McGuire and et.al., (2018) highlights the matters relating to the examining the talent of
the person during the selection procedure. As the competencies and capability to handle the work
pressure is determined through this stage only. In the selection procedure, interviewer also
widely expand the questions and also judge the capability of the employees to perform the
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Impact of Talent Management on HR Practices: A Study on Ritz Hotel_4

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