Talent Management Strategies for Travelodge

This research project explores the importance of talent management strategies for Travelodge in improving overall efficiency. It evaluates the influence of talent management strategies, identifies challenges faced by Travelodge, and recommends ways to overcome them.

RESEARCH PROJECT

TABLE OF CONTENT
 Introduction
 Objectives of Research
 Project Management Plan
 Work Breakdown Structure
 Methods of material resourcing
 Questionnaire
 Results
 Conclusion
 Recommendation

INTRODUCTION
 Talent management consider as a systematic process that help in
determining the vacant position, hiring best and suitable candidates,
developing their skills and expertise in order to effectively match the
position. This will help in retaining employees to attaining all the long
term goals and objectives.

OBJECTIVES OF THE RESEARCH
 To determine effective talent management strategies for maintaining efficiency
of overall travel and tourism organization.” A study on Travelodge.
RESEARCH OBJECTIVES
 To evaluate the influence of effective talent management strategies within
the company.
 To determine the appropriate talent management strategies for enhancing
employees productivity.
 To identify the challenges which faced by Travelodge while managing talent
within their functional activities.

PROJECT MANAGEMENT PLAN
 PMP is consider as an effective representation that utilized to provide guide to
project manager in executing as well as controlling entire activities. Mainly, it
also define a comprehensive baseline that includes how project activities can
be done, who will be includes, what time it take, what resources will be
required and many more.
 Scope: The overall scope of this project is wider as it provide vast information
to the project manager towards the talent management and its effectiveness for
organizational efficiency level. By this, Travelodge can easily improve their
skilled and talented workforce.

CONTINUED..
 Risk: In context of company, major risk that faced by firm is lack of
collaboration among workers, lack of communication that put negative
impact on the efficiency level of organization. Whereas, project manager
face issue related to allocating the required resources among the team
members.
 Time: In PMP, it is crucial for researcher to clearly define the time scale
in which project activities will be conducted. Through this, project
manager complete the project and at the same time also improve its
efficiency level. For completing project activities, manager required
around one month.

CONTINUED..
 Cost: It is crucial element in which investigator needs to maintain its overall
quality and cost as well to successfully done the whole project. For undertaking
this project, manager required approx £ 3000.
 Quality: It is significant aspect of project management in which research worker
is responsible for undertaking entire activities in reliable and authentic way. By
this, investigator make understandable figures that support in attaining positive
and reliable outcomes.
 Resources: This factor of PMP is crucial as it assist in completing the research in
more successful manner. For undertaking project activities, it is important for
manager to manage proper resources like advanced technology, human resource,
finance, technical knowledge, internet connection etc.

WORK BREAKDOWN STRUCTURE

GANTT CHART

CONTINUE

CONTINUED..

METHODS OF MATERIAL RESOURCING
 Study site: Research was conducted on the staff members of Travelodge,
so as to analyze effective talent management strategies in order to maintain
efficiency.
 Sample size: 40 respondents was considered for the conduction of this
research including (employees, managers, HR, accountants etc.,)
 Data collection: Pattern of structured questionnaire was being followed for
gathering information and data. Moreover, qualitative method was used so
as to evaluate data in more organized manner.

QUESTIONNAIRE
Name:
Age:
Gender:
Email id.:
Q1) Do you have knowledge about Talent management?
a) Yes
b) No
Q2) Does talent management strategies is important for company in
improving their overall efficiency level?
a) Yes
b) No

CONTINUED..
Q3) What are the talent management strategies used by Travelodge
for enhancing employees productivity?
a) Effective selection process
b) On-boarding process
c) Development strategy
d) Retention strategy
Q4) What benefits drive talent management strategies in making
employees productive within the company?
a) Create opportunities
b) Retain employees
c) Enhance company performance

CONTINUED..
Q5) What are the major challenges faced by Travelodge at the time of
managing talent within their business activities?
a) Increase employee turnover
b) Lack of leadership
c) Higher total compensation demands
Q6) What type of alternatives implement by Travelodge to overcome the
challenges of managing talent?
a) Provide leadership
b) Train employees
c) Hire skilled workers

CONTINUED..
Q7) What are the ways through which Travelodge can identify its talent in order to
place them in a right position?
a) By competencies
b) By results
c) By potential
Q8) What are the changes which Travelodge can acquire due to the implication of
Talent management strategies?
a) Increase in employees motivation
b) Improvement in employees relationship
Q9) Does implementation of talent management strategies help company in
understanding employees strength and weaknesses?
a) Yes

RESULTS
 From the above analyzed data, it was evaluated that employees of Travelodge,
opted various options according to their preferences and its analysis has been
explained below:
 Average age of respondents was from 18-40 years, out of which 40.50 percent
were women whereas 50 percent were men.
 Common response of respondents (i.e. 80 percent) know about the talent
management strategies and its benefits by implementing within the organisation.
Whereas, other 20 percent doesn’t have much information about talent
management and its remunerations.

CONTINUED..
 According to the respondents, effective selection policy is the best
suitable policy in order to enhance productivity. It is creating
opportunities for workers and adopting this they are getting effective
results.

CONCLUSION
 From the above mentioned research it is summarised that talent
management is one of the important activity for business to effectively
manage their workers. As it help in making brand image more popular so
that customers can easily satisfy their needs and wants. In this regards,
proper training and development activities, rewards and recognition,
proper selection process are crucial strategies through which firm can
improve their growth. Along with this, company must be includes
flexible working environment so that employees can easily put their
views and opinion in front of their seniors and make them able to accept
all the changes effectively.

RECOMMENDATIONS
 With the business organisation implementation of talent management strategies is not an easy
as it put their huge impact in changing entire activities. In this regards, company needs to
communicate with their employees to analyse their performance at working area. This will
help in identifying their strength and weaknesses. Along with this, firm needs to use
appropriate selection process so that they can hire skilled and talented workers within their
business activities. Through this, business organisation can enhanced their efficiency level to
attain higher growth.
 When company implement new talent management strategies that they should communicate
with all the workers in order to give them all the essential information. Furthermore, proper
training and development programs should be implemented as it help them in motivating
towards the company goals. This will directly contributes in providing better services to
customers that help in attaining their higher satisfaction level.

REFERENCES
Collings, D.G., Scullion, H. and Vaiman, V., 2015. Talent management: Progress and
prospects.
Khilji, S.E., Tarique, I. and Schuler, R.S., 2015. Incorporating the macro view in
global talent management. Human Resource Management Review. 25(3). pp.236-248.
Noe, R. A. and et. al, 2017. Human resource management: Gaining a competitive
advantage. New York, NY: McGraw-Hill Education.
Moayedi, Z. and Vaseghi, M., 2016. The effect of talent management on
organizational success. Scinzer Journal of Accounting and Management. 2(3), pp.16-
20.

THANK YOU