Effective Talent Management Strategies for Successful Organizations

Research Project
Table of Content
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TOPIC – “Effective talent management strategies for successful organizations”...........................4
INTRODUCTION...........................................................................................................................4
Background of research..........................................................................................................4
Research Aim.........................................................................................................................4
Research Objectives...............................................................................................................4
Research Questions................................................................................................................4
Significance of research.........................................................................................................5
LITERATURE REVIEW................................................................................................................5
Concept of talent management in relation to Marks & Spencer............................................5
Different talent management strategies that can be employed at different levels..................5
Impact of employing talent management strategies to improve organisational performance at
Marks & Spencer....................................................................................................................5
RESEARCH METHODOLODY.....................................................................................................6
DATA ANALYSIS AND INTERPRETATIONS...........................................................................9
Data Analysis..........................................................................................................................9
Data Interpretation................................................................................................................11
REFLECTION & RECOMMENDATION FOR ALTERNATIVE RESEARCH
METHODOLOGY........................................................................................................................17
CONCLUSION..............................................................................................................................18
RECOMMENDATIONS...............................................................................................................18
REFERENCES..............................................................................................................................19
APPENDIX....................................................................................................................................20
ANNEXURE “A”:.........................................................................................................................20
Research Proposal Form.......................................................................................................20
REFERENCES..............................................................................................................................22
ANNEXURE “B”..........................................................................................................................24
Research Ethics approval form.............................................................................................24
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TOPIC – “Effective talent management strategies for successful
organizations”
INTRODUCTION
Background of research
Talent management can be stated as a continuous process within the organisation that
includes attracting and retaining employees with high quality, developing their knowledge base
and skills and constantly motivating them so that performance of company can be enhance. It is
very important for each organisation to ensure effective talent management process in the
company so that high quality talent can be retain. Marks and Spencer is one among the well-
known companies which was established in 1884 and its headquarters is located in London. The
company adopts effective talent management strategies in order to retain talent. This report aims
to analyse different strategies related to talent management and its influence on organisational
performance.
Research Aim
The main aim in relation to this particular study is "To assess different strategies associated
with talent management and its impact on organisational performance. A case study on Marks &
Spencer."
Research Objectives
The key objectives in relation to this specific study are provided below:
1. To analyse the talent management concept on Marks & Spencer.
2. To determine different talent management strategies that can be employed at different levels.
3. To assess the impact of employing talent management strategies to improve organisational
performance at Marks & Spencer.
Research Questions
The research questions associated with this investigation are as follows:
1. What is the concept of talent management in relation to Marks & Spencer?
2. Which can be the different talent management strategies that can be employed at different
levels?
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3. What is the impact of employing talent management strategies to improve organisational
performance at Marks & Spencer?
Significance of research
This study aims to assess different strategies associated with talent management and its
impact on organisational performance. It is significant to conduct study on the topic "effective
talent management strategies for successful organisations" as it helps researcher in analysing
talent management concept on Marks and Spencer and determining talent management strategies
which can be employ at different levels. Apart from this, study also help in assessing the
influence of employing talent management strategies to enhance performance of organisation at
Marks and Spencer. This study helps in improving the performance of company as well as also
help researcher in improving the knowledge.
LITERATURE REVIEW
Concept of talent management in relation to Marks & Spencer
As per the opinion of Krishnan, and Scullion, (2017), Talent management is stated as a
strategic process of hiring right talent on board as well as assisting them to grow to their optimal
capabilities by keeping objectives of company in mind. It enables the managers of Marks and
Spencer to retain top most talent in the organisation. Talent management helps in improving the
effectiveness and productivity of organisation and leads it towards success.
Different talent management strategies that can be employed at different levels
As per the view point of Sheehan, Grant, and Garavan, (2018), Different talent
management strategies are available that will help Organisation in managing talent effectively
within the company. Some of these strategies are provided below:
1. Person organisation fit
2. Reward and recognition right
3. Continuous development and improvement opportunities
4. Detailed job descriptions
Impact of employing talent management strategies to improve organisational performance at
Marks & Spencer
Application of different talent management strategies will help organisations in improving
its performance. It impacts positively within the organisation as it helps in improving the
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performance of employees which in turn improve the performance of organisation. By the
assistance of effective talent management, an organisation is able to gain competitive advantage
in market and attaining high growth and sustainability.
RESEARCH METHODOLODY
Research philosophy – The philosophies use in research study includes positivism and
interpretivism. Among these, Positivism research philosophy will consider by investigator in this
particular research study as its reliability and representatives is virtuous that help investigator in
drawing accurate outcomes.
Research approach - Deductive and inductive are the 2 approaches of research study among
which Deductive research approach is selected by investigator in this investigation as it is
grounded on quantitative research method and allow researcher to draw reliable outcomes of
study.
Research strategy - Case study, experimental research, quantitative survey method,
interview method, systematic literature review etc. are the different research strategies which can
be utilised by researcher in performing investigation. In this study, researcher make use of
quantitative survey method so that numerical information is gathered which is more accurate and
help in drawing reliable outcomes. Questionnaire tool is used to gather the data.
Time horizons – In order to show the time duration of each activity in the study, Gantt
chart is provided below:
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