Significance and Benefits of Talent Management in Organizations

Research

Table of Contents
Table of Contents
Topic of the research is “To ascertain the significance and benefits gain by organisation by
effectively managing talent at workplace”. A case study of Sheraton Hotel..................................3
Introduction .................................................................................................................................4
Background of the research ........................................................................................................4
Research Aim:..............................................................................................................................4
Gantt chart and WBS ......................................................................................................................5
Literature review .............................................................................................................................7
Benefits gain by hospitality sector by managing talent in an effective manner at workplace ....8
Data collection, analysis and findings ............................................................................................8
Data collection and analysis – ...................................................................................................10
Data analysis and interpretation approach – .............................................................................11
Data analysis .................................................................................................................................14
Research findings ..........................................................................................................................15
Reflection ......................................................................................................................................25
Limitation of the research .........................................................................................................25
Conclusion ....................................................................................................................................26
Recommendation ..........................................................................................................................26
REFERENCES .............................................................................................................................29
APPENDIX....................................................................................................................................30
Section Two: Project summary .......................................................................................31
Section Three: Participants .............................................................................................32
Section Four: Data storage and security .........................................................................33
Section Five: Ethical issues ............................................................................................35
Section Six: Declaration .................................................................................................35

Topic of the research is “To ascertain the significance and benefits gain by
organisation by effectively managing talent at workplace”. A case study of
Sheraton Hotel.

Introduction
Talent management is a concept which is associated with identification of different skilled and
talented people which are required within organisation for managing the work in proper manner.
It is concluded that de identification as well as selection of right type of employees is necessary
within the company in order to manage the various activities related to staff. The talent
management helps in making the employees as well as company competitive within market. It is
helpful for managing attractive pay package, paid leaves, health insurance, periodical increment
for the staff and employees
Background of the research
This research is conducted for knowing about talent management and retaining of it within
organisation. This is very essential or the company to retain talented employees for profit of
company.
Research Aim:
To ascertain the significance and benefits gain by organisation by effectively managing
talent at workplace. A case study of Sheraton Hotel.
Research objectives
 To understand the concept and role of talent management in a hospitality sector.
 To determine the significance of talent management in the overall performance of the
business entity.
 To identity the benefits gain by hospitality sector by managing talent in an effective
manner at workplace.
Research questions
 What is the concept and role of talent management in a hospitality sector?
 What are the significance of talent management in the overall performance of the
business entity?
 What are the benefits gain by hospitality sector by managing talent in an effective manner
at workplace?
Rationale of the research
It is said that the primary reason behind selecting the topic is researchers self interest to-
wards the talent management as this is one of the most emerging topic at present across the

whole worldwide. Whereas another purpose for finalising this project is to improve self knowl-
edge, skills and understanding so that the whole research can be concluded in an effective man-
ner and assist in attaining opportunities in near future related to the same.
Gantt chart and WBS
Work breakdown structure
WBS is used for managing the research activities effectively (Shah, Kumar, and Kim,
2014). The whole project work is divided into chunks of smaller activities. This is defined as the
way for managing the functions in proper manner.
Gantt Chart
This tool of research is given by Henry Gantt for achieving the goals of research properly
(Spiess, and et. al., 2014). This is a schedule for managing the work of project.

Literature review
Concept and role of talent management
As per the views of Torres, Fu, and Lehto, (2014), Talent management is essential for the
selected employees that they are provided effective training and development sessions and
programs for managing the emerging requirements of the company. Talent management consists
of recruiting, developing as well as retaining the best employees of the company. As per the
views of Yang, Liu, and Li, (2015), The human resource department of company manages the
working of the organisation properly as well as maintaining competitiveness among the
employees. There are various important functions of talent management. This help in
establishing a high-performance work force which is able to achieve organisation goals in a
specified time frame. It also helps in attracting various individuals who are having high potential
and these are required for managing the effectiveness of business operations.
Significance of talent management in the overall performance
As per the Dioko, (2016), Companies are benefited by having proper talent management
strategies. It is important for the companies to manage the functioning of business operations
properly. This is possible by having skilled and talented employees who will help in managing
the achievement of organisational goals and activities there are different pool of qualified as well
as talented employees who are required for managing the organisational goals properly. It is very
essential for the companies to manage the activities properly so that different issues and factors
related to efficient and skilled workforce will be enhanced. There is need of having good talent
management within organisation for managing the goals and objectives properly. There are
different factors like infrastructure, natural resources as well as technology e which are used for
managing organisational success. As per the views of Duffett, 2017), It is easy for the
companies to enhance growth and innovation in organisation by having talent management. In
context of Sheraton hotel, there are opportunities with this organisation to manage the talent
management for increasing overall performance of the company.

Benefits gain by hospitality sector by managing talent in an effective manner at workplace
As per the views of Gillespie, and Riddle, (2015), There are various benefits that a hospitality
company is having because of the proper talent management. There are various benefits that a
hospitality company is having because of the proper talent management. These include
connecting and sharing data, strategic hiring process, improve on boarding experience and
retaining top talent. When are companies having good talent management strategies then it is
able to connect and share data effectively. There is need of having good talent management
strategies for integrating and aligning the core HR processes. There is also profit to the company
if there is management of employees within the company who are skilled and talented. if there is
efficient and organised approach for on boarding then it is easy to manage the talent system.
Also it is helpful for employee development and learning. According to the views of (Griffitts,
2016), it enables employees for taking courses and developing skills in order to have good
professional development.
Data collection, analysis and findings
Research methodology is defined as different processes and activities within the research that are
used by the investigator in order to complete the aims and objectives of the research. it is very
essential for the investigator to manage the activities of research properly in order to manage
different areas of conducting the research in effective manner (Groucutt, and Hopkins, 2015).
Development of research methodology is used by research onion. This is a process which
includes various stages that helps in in conducting the research by following different steps. The
research onion was given by Saunders. This methodology was given because it was very difficult
for the researcher to manage the different activities of research. There are different layers within
research methodology which includes research philosophy, research approach, strategy, choice
of methods, time horizon and data collection as well as analysis. the different stage of research
onion in context with the present study as listed below
Research philosophy - this is concerned with managing of various values and beliefs which
surveyor is having while conducting the investigation. There are two different ways of research
philosophy involved in managing the research work. These include ontology and epistemology
(Hair and et. al., 2015). Concept of epistemology means that it different ways of salad