Impact of Talent Management on Employees’ Performance

Research Project

Table of Contents
INTRODUCTION...........................................................................................................................6
Background of the study..............................................................................................................6
Aim and objectives.......................................................................................................................6
Rationale......................................................................................................................................7
LITERATURE REVIEW................................................................................................................7
Process and concept of managing talent......................................................................................7
Importance of managing talent for business’ performance and growth ......................................8
Effective strategies for talent management for the success of the Aldi.......................................9
Research methodology ..................................................................................................................10
Research type.............................................................................................................................10
Research approach.....................................................................................................................10
Research philosophy..................................................................................................................10
Data collection...........................................................................................................................11
Sampling....................................................................................................................................11
Data analysis..............................................................................................................................11
Ethics..........................................................................................................................................12
Validity and reliability...............................................................................................................12
Research limitations...................................................................................................................12
Data analysis..................................................................................................................................12
RECOMMENDATION.................................................................................................................21
CONCLUSION..............................................................................................................................22
Reflection ..................................................................................................................................22
REFERENCES..............................................................................................................................24

INTRODUCTION
Talent management is an ongoing process of attracting, recruiting, selecting and retaining
employees within business (Pramono, 2021). Talent management can give numbers of benefits to
company such as: it can increase staff retention rate, it can improve image of companies, it can
help them out in becoming the market leader and others. There are some ways by which
companies can manage talent or talented workers within business such as: rewards and
motivation to them, training to them and making sure those employees are happy and safe at
workplace.
Background of the study
Management of talent is a continuous, longer process as it starts with recruitment and
identification of talent and end with staff retention or when employees leave organization
happily. This study is based on Aldi that is discount supermarket chain with having 10,000 stores
in around 20 countries. It is going to discuss all about talent management as process, benefits,
effectiveness, reasons of managing talent and strategies for better talent management with
literature review. Further, it will discuss effectiveness of data collection, analysis and all
elements of research methodology.
Aim and objectives
Aim
The aim of this study is “To understand impact of talent management on employees’
performance”. Study on Aldi.
Objectives
 To understand process of managing talent in the Aldi.
 To discuss importance of managing talent for business’ performance and growth.
 To discuss effective strategies for talent management for the success of the Aldi.
Research question
 What is the concept or process of managing talent within business?
 Which advantages Aldi can take by managing talented workforces within its business?
 What are some best ways or strategies for talent management?

Rationale
The main reason of selecting this topic is because of its wider scope. This topic of talent
management can help retailers in increasing staff retention rate and taking competitive
advantages. It can help students at academic level in knowing importance of having talent within
business and ways by which they can help their company in managing talent. It was one of my
interesting topics as I wanted to know all about managing talent within business so, this topic has
selected for conducting research.
LITERATURE REVIEW
Process and concept of managing talent
There are numbers of definition given for talent management. In this regard Aşçı, (2017) stated
that talent management is a process that is being followed by HR such as: attraction of
candidates, selection of the best candidate, motivation to employees, training to employees and
retaining to talented employees within business. All these steps altogether can be considered as
talent management. For managing talent within business, companies need to select and have
talented employees and it can be done when they make use of effective strategies for recruitment
and selection. So, as per this, it can clearly be said that talent management is a process that starts
with recruitment and attraction of employees.
Swarnalatha, (2018) stated and said that talent management is methodically organized as it
is a strategic process of getting the right talent onboard and helping them out to grow within
business by which they can stay with business for the long run. It can be said that success of
talent management can be measured with staff retention rate within business and for that HR
needs to follow numbers of functions such as: encouraging employees, selection of the best
leadership style, providing safety to employees and others. Overall, it can be said that making
employees feel valued, encouraged and motivated towards accomplishing goals, improving
performance and staying with business is known as talent management. Damarasri and Ahman,
(2020) supported this view and concept of talent management and stated that after identifying
talent employees for selecting them as per the suitable vacant post, helping them out in
increasing skills, knowledge for performing functions is talent management. It can be possible
with effective strategies such as training to employees, flexibility in working hours by which
employees can maintain work life balance and can feel refreshed at workplace. Overall, it can be

said that making employees feel pleased and energetic at workplace is talent management that
can help them out in improving companies’ performance for which they work.
Importance of managing talent for business’ performance and growth
Talent management of having talented workers within business give numbers of
advantages to companies. According to the Ali, Bashir and Mehreen, (2019) one of the main
effectiveness and advantages that Aldi and other retailers can take by managing talent within its
business is: Increased customers’ satisfaction and retention. When companies have talented
workers with it then employees help companies in meeting their goals as by bringing innovative
ideas they satisfy customers’ needs and try to retain them with business for the long run.
Increased customers’ satisfaction and customers’ retention with business improve image of
company and it helps them out in taking competitive advantages Zhang and Stewart, (2017)
supported this view and said that companies that manage talent within business are more likely to
become the market leader and have improved image in the market. Talented employees focus on
improving their performance by producing qualitative products and services. Production of
qualitative goods is the main key of success of companies. Aldi can grow its business and expand
it in other countries by attracting numbers of global customers and it is possible only when it
makes use of effective talent management strategies for having skilled or talented employees
with it.
Johennesse and Chou, (2017) argued and said that according to them by managing talent
and making employees fell valued, companies can increase staff retention rate. Increase staff
retention is the sign of effectiveness and success of company. By managing talent or retaining
skilled employees retailers can encourage them for improving overall productivity of company.
When employees improve their performance and productivity of company then it boosts their
confidence and they are more likely to stay with business. It increases trust and loyalty among
employees towards their company that is vital for business success. Talented employees create a
productive and effective working environment and compete with each others. This competition
encourages and motivates them towards improving themselves and improving performance.
When they get opportunities on the basis of improved performance then they are less likely to

switch organization that is good for both employees and business. So, as per this, it can be said
that talent management has numbers of benefits for both employees and employers as it
improves overall performance of business.
Effective strategies for talent management for the success of the Aldi
Managing talent within business is not an easy task as it is an ongoing and longer process.
It involves all functions and roles that are being performed by HR such as attraction, recruitment,
selection, training and motivation to employees in order to attract and retain the best talent within
business. For better talent management, companies need to make use of effective strategies for
each stage. As per the view of Savanevičienė and Vilčiauskaitė, (2017) institutional visit for
recruiting employees is one of the best way of getting talented employees as this external
recruitment approach can help retailers in attracting employees who have innovative ideas with
them. This recruitment strategy is vital for managing talent or attracting talent. In addition, they
also said that leadership plays a vital role in managing talent as an effective style of leadership
helps employees in improving their performance. Employees feel encouraged with effective
leadership style and improve relation with companies. This improved relation is the main key of
talent management and success of businesses.
van Zyl, Mathafena and Ras, (2017) contradicted and said that management of talent starts
after having candidates within business so, it includes all those strategies that can make
employees feel valued at workplace and can encourage them for retaining with business. So, as
per this concept of talent management, retailers need to provide rewards and motivation to
employees after hiring them. When employees get rewards in both finance and non-finance form
then it motivates them and also help them out in satisfying their own needs for which they work
with companies. Satisfaction with companies and at workplace lead increased staff retention and
staff retention is a sign of better talent management. Bobhate, (2020) supported this view and
said that according to them process of talent management within business start after recruitment
of candidates or employees. So, for retaining employees, companies need to make use of
effective strategies for each stage. So, according to them, training to employees and performance
appraisal is one of the best ways of managing talent. When employees are being given training
after hiring them then it helps them out in performing their functions with effectiveness. It
reduces their errors and improves their productivity. Performance appraisal is also being given to
employees on the basis of their improved performance and when employees are being appraised