Effective Talent Management Strategies in Travel and Tourism

Research Project

Title
“Effective talent management strategies in the context of travel and tourism
organisation”.
Introduction
Activity 1
1.1 Research Project Title
The present study intention is to determining effective talent establishment strategies and
its impact over travel and tourism organisation. Therefore, the study is significantly based on
managing talent within organisational context, thus talent management is defined to the
expectancy of necessary human capital for a business and the systematic preparation to fitting the
requirements and objectives of the business (Khilji and Schuler, 2017). In addition to this talent
management refers as the systematic procedure of analysing the vacant position, hiring the most
appropriate individual, developing the skills and expertise of the individual to match the position
and retaining them to attain long term business goals. Travel and tourism is recognised as the
most developing industry in which growth and progression is high, thus, enterprise now a day's
are very much interested over achieving significant growth and development via managing talent
at work place. Therefore, tourism businesses and its management are concern over managing
talent at work place via emerging various strategies (Casey. And et. al., 2016). However, this is
efficacious in exploring the transaction and progression of the business at broad level. In the
existing research work TUI is the selected business, it is a big Anglo-German transnational travel
and tourism company, which is known as Travel Agency Company. The headquarter of the
business is in Hannover, Germany. The business was working since 1923 as the leading travel
and Tourism Company, therefore, the firm is having 71,473 employees who are managed by
applying appropriate management strategies at work place.
1.2 Research Aim, Objectives and Questions
Research Aim
To investigate effective talent management strategies and its influence
within travel and tourism industry. A study on TUI.
Research Objectives
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 To develop basic understanding regarding effective talent management
strategies in the context of travel and tourism organisation.
 To analyse the significance of talent management for the performance
development of an organisation. To evaluate the potential impact over talent management strategies over
the performance of TUI.
Research Questions
 What are the effective talent management strategies in the context of travel and tourism
organisation?
 What is the significance of talent management for the performance
development of an organisation?
 What is the potential impact over talent management strategies over
the performance of TUI?
1.3 Project Management Plan
A project administration programme is defined as the document which is used to
determine every phase of project, therefore, a management plan is in-consist over assorted
feature in that few are described as under:
Scope: The key scope of conducting the investigation is to determining the important strategies
for managing talent within TUI. Therefore, the scope of study is wide as the completion of
investigation will bring appropriate understanding regarding the suitable strategies for managing
talent at work place and its potential influence over the growth and progression of TUI
(Narayanan, 2016).
Risk: The key issue with the present investigation is the unauthorised use of respondents
information as individual's are very much concern regarding safety and security of their personal
information and the misuse of individual information has an adverse impact over the completion
of research work. This may also influence the reliability of exploration in future too because
respondent may ask for claim. Therefore, this could also develop negative image of
investigator and company within the commercial centre (Collings, Scullion and Vaiman,
2015).
Duration: This is the most important aspect of project management plan, thus it in-consist over
setting up an appropriate time in which the investigation is requires to be completed in
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appropriate manner. Time of each exploration is selected as per the reliability of investigation
and the time provided by the supervisors. For the execution of this particular investigation over
the area of investigating the talent management strategies and its influence over the operations of
TUI, 5 months is suitable in completion of work in appropriate manner with the support of
executing all the activities in feasible manner (Pantouvakis and Karakasnaki, 2017).
Cost and Quality: Cost and quality and two important aspect which are needs to be considered
by the investigator in developing any activity. Therefore, in an investigation work the execution
of investigation is relay upon a particular cost, thus few activities are cost consuming in nature so
it is important for the researcher to manage an appropriate amount of fund and capital to execute
the work in right manner. With reference to this particular investigation, £70 is suitable for
executing all activities; however, this amount will be supportive in easy execution of the
activities (Hacıömeroğlu and Bulut, 2016).
Resources: The present investigation is executed for TUI over the area of effective talent
management strategies which are suitable for the growth and development of business. For
executing work in effective manner, researcher requires, appropriate sources, access to websites,
availability of respondents, proper system resources like computer, USB etc. In addition to this,
the organisation also requires to have capital, labour, land, etc. for easy accomplishment of
organisational objectives.
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1.4 Work break down structure and Gantt Chart
1.5 Suitable research Methods
The selection of methodology is the key consideration of an investigator, therefore, a
research is either qualitative or quantitative in creation and the choice is relay upon the data
gathered through the investigator for assisting the activity in right way. In the existing research
area, mixed method has been applied through the investigator in which qualitative and
quantitative aspects are included; therefore, it is effectual in developing elaborated judgement
over the area of investigating effective talent management strategies and its influence
within travel and tourism industry (Khilji, Tarique and Schuler, 2015). Thus mixed method is
suitable in rendering suitable help in executing the activity in potential way, with the support of
detailed information that are relay upon observing personal opinion and perception of individual
and scholar.
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