This report discusses the importance of talent management during the COVID-19 pandemic and explores strategies used by businesses to maintain talent management. It also examines the impact of talent management on business performance, using the case of Whitbread, a multinational British hotel and restaurant.
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Table of Contents INTRODUCTION...........................................................................................................................1 LITERATURE REVIEW................................................................................................................1 Topic: What is talent management and is it necessary during the COVID-19 pandemic?..............1 CONCLUSION...............................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION Talent management is a repetitive process that is used by the business as in order to retain and attract most of it skilled and talented workforce by which quality of work, development of abilities and skills, rapid motivation and encouragement is improvised that has positive impact over performance enhancement. The major purpose of talent-management is to create and develop motivation by which long run is processed over a continuous period of instance (Sheehan, Grant and Garavan, 2018). The report below is based on Whitbread that is a multinational British hotel and a restaurant with having a headquartered in Regis, England. The report below is dependent on talent-management and the necessary changes that is required during pandemic attack of COVID 19. LITERATURE REVIEW Topic: What is talent management and is it necessary during the COVID-19 pandemic? ļ·To analyse amended understanding about talent management inside an organisation. ļ·To measure the importance of talent-management in pandemic situation of COVID 19. ļ·To examine principles that is required to follow by hospitality organisation during COVID. ļ·To study the significance impact of talent-management in the business. ļ·To determine strategies that is used by business in order to maintain talent-management during COVID. Understanding about talent management inside an organisation According to the viewpoint of Prarthana Ghosh, 2019, talent-management is processed within thebusiness in terms of a regular practice as that is evolved in terms of specific trends. Strategic talent-management is a basic necessity that is required to manage and control human resource capital by which renaissance within working place is developed in constrained mode (Gupta, 2019). It is a methodology as well through which organised and strategic processing is involved under which right talent is gathered that also assist to maintain clear growth by which optimised capabilities are attained as by keeping standardised outcome in mind. It also get consist identification of working gaps under which vacant position is fulfilled with the suitable candidate through which sustained focus is maintained in future that also involve effective 1
engagement,retainingandmotivationofworkersthatnurturebusinessperformanceand productivity in systematic manner. In this suitable candidates get attracted that reflect long term success in which expertise solution is solution to each and every working conditions by which business goals and its objectives both get advanced in timely frame. In this ability of business to highlighted the overreaching by which it permeates the human resource and it is used to ensure that attainment of objectives in timely frame. In this adequate changes is implemented as per on-boarding as it enable to maintain larger scaling through which sustained level of changes is addressed in successful mode. It basically assist to analyse the knowledge gap and with this right pool of talent and skills is attracted that prompt to develop suitable structure as with this working life cycle is promoted that enlarge the working capabilities and its abilities in sustained mode (Narayanan, Rajithakumar and Menon, 2019). It is a cylindrical approach as with this linear progression is involved by which better optimisation of skills and talent under which ultimate growth and development is expertise in which employee satisfaction and its involvement is induced with perfection. It basically consist of a process as planning, attracting, selecting, developing, retaining and transitioning in which strategy and performance development is processed in better mode. Importance of talent-management in pandemic situation of COVID 19 According to the viewpoint of Bryan Hancock, 2020. the talent-management practices is basically used to steer an organisation performance that developed various ways of working that is induced within the era of COVID 19. It induces higher level re-imagining in which personal and individual practices that usually drive resilience by which building up of organisation is processed with perfection. It also foster and enlarge strong level of connectivity in which intense level of management is induced by which long term success is attained in timely framing. In this planning and organising of productivity and performance is developed as by remote working place through which working sufficiency is getting enhanced. In order to make higher level of response various circumstances is considered that is developed due to COVID 19 as it generate a crisis that usually accelerate the trends of talent-management. In this initial requirement is to find out and hire a right people for the vacant place of business, rewarding and managing employee performance, leaning and growing, tailoring of experiences and expectations of employees, optimised utilisation of strategy and planning is induced as with this several actions is in taken 2
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that has strong level of crafting as it also develop better level of durability which is varied as per strategic development about to manage post-pandemic conditions (Maurya and Agarwal, 2018). During the pandemic conditions appropriate changes is implemented that is dependent over management of customerās demand through which massive impact is processed through which temporary spark about hiring is induced by which suitable level of lead is developed within an organisation. As per these hospitality industries make a shift to rise the rate of unemployment, efficiency and effectiveness of hiring that is essential for business over a regular period by which scarce resources is utilised. In may 2020, as per concern of conducted survey it is acknowledged that 190 chief officer and other leader think hard and clear to spend sustained amount by which they gain stability for ahead (Whysall, Owtram and Brittain, 2019). On the other hand some of industry has slows down and reduces labour demand as by rethinking within the hiring processed. For this remote learning is promoted in which need to deliver training is changes and businesses has spend less amount of investment for workforce training and development. To make cost effective training sessions broad based digital training is required in which ability to execute and management of various circumstances is managed in ordinate mode. Principles that is required to follow by hospitality organisation during COVID As per the point of view of Vikram Singh, 2020. during the condition on pandemic situation hotel marketing and its management is processed as by defining a hope that as per time things get managed and controlled. There is a lot of optimism within the hospitality and tourism industry that continuously undergo into a massive overhaul by which operating cost and its effectiveness both get managed and controlled by different departments of business. In this owners, brands, investors, employee make continuous level speculation under which recovery is induced as per inducing continuous level of participation. In this different companies get worked on to avoid Olympics by which panicking and forecasting of data is progressed with perfection as it is also be overlying in relation to mapping and graphing that assist to get over from past disasters in terms of accurate prediction and estimation. The pandemic has brutal impact over the business exposure that exposed varied inefficiencies in terms of revenue management by which interdependency over different functions with adequateness (PainterāMorland and et. al., 2019). In addition marketing team also get producing and covering marketing strategies by which varied services are offered through which market conditions and its situations get attracted and advanced as it somehow enhance the ability to meet the requirement of revenue generation. 3
The dynamic bust or pricing induces historical quoted as within group meetings. In this sudden demise is managed about to control the supply and demand at larger and wider scale by which sustained opportunities is developed. In this survival needs are analysed as like fixed cost, payroll, debt, interest payments, insurance and many other aspects. Moreover, competitor pricing at global marketplace is managed by which better survival in processed as with this certain price is already get set as per market requirements. The adequate balance is maintained towards supply and demand for this suitable pipeline is used as by making precise adjustments. The significance impact of talent-management in the business As per according to the point of view of Staff Writer, 2018, talent-management is not that easy or simple to manage and control humanresource by which certain level of commitment, development, management, retain, hiring of employees is managed along with this various strategies are implemented as by suitability of varied condition (Vaiman and et. al., 2018). It is requiredaspectforbusinessaswiththiseffectiveimplementationofresourcewithin management is introduced as with this development of skills, abilities, experience, capabilities get controlled in successful manner. The hospitality industry make their investments in talent- management as in order to attract top talent by which strategic fragmentation is involved by which employer brand also get promoted as in this sustained level of contribution is offered that contributestowardsbetterlevelofimprovementbywhichbusinessperformanceandits credibility both get developed. The employee motivation is also get processed that keeps the working standards higher by which clear and transparent level of employee engagement and encouragement is processed in systematic manner. In this continuous level of coverage about task perception is addressed with higher level of specialisation as with this continuous services are flawed that assist to maintain lead in exhaustion. The employee performance and productivity both get advanced that make easier for business to enhance its working operations and functions that is perfectly suited as per requirement. In this management also maintain lead within performance and productiveness as by controlling and managing varied issues and grievances that offer guarantee about top talent to retain for longer period of instance (Murillo and King, 2019). The business performance is getting improvised as by developing sustained feeling about engagement, skill development and motivation by which sustained direction is offered to employee by which goals and objectives is achieved by inducing higher level of satisfaction. It is a systematic approach in which client 4
satisfaction is always be promoted as by reflecting consistency by which integrated outcome is developed and achieved with timely frame. In this need of workers and business both get managed and controlled by inducing rapid changes and alteration in systematic manner. Strategies that is used by business in order to maintain talent-management during COVID. As per the point of view of Anita Guha, 2020, the perceptive of organisation is to take better initiative through which virtuous cycle is processed. The economic recession and fall out due to COVID is resulted into devastate that has negative impact over the digital implementation of working. It has significant impact over talent interventions by which market requirement also get managed that has wider impact through which adequate period of endure by which issues get thrive by implementing of suitable strategies (Scullion and Mullholland, 2020). The formal sector has assumed to maintain social distancing as with this market requirement and its engagement both get controlled due to pandemic situations. In this business industry faces various challenges that confined air space as with this ample of opportunities are developed in terms of virus transmission.In this availability of varied alternative is required as per safety precautions as like wearing mask, sanitizer, gloves, mask etc. that reduces the rate of danger. In this effective alternative also get processed in this online meeting, face to face meeting is affected that omitted the availability of term plan. The digital disruption has developed higher potential that endure adequate threat over hospitality industry, health sector, insurance and many other businesses as well (Taylor, 2018). The lead in talent-management is reinforce that development that inevitable reduces interruption, long meetings, video display and protect privacy basis as well. The fundamental key is to develop personal interest that strengthen the rate of flexibility and enlarge level of adjustments by which employee assistance get managed. 5
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CONCLUSION It has been concluded from above report that talent-management is always being an essential aspect for the business as with this it is easy to maintain long term success and development over a regular period of time. It also plays a fundamental basis through which it is easy for the business to attain and potential candidates by which working standards and its potential both get advanced and improvised in clear manner. In additionto this it has directly affected due to pandemic attack as it completely changes the working conditions under which rate of working and its standards both get changed. In addition to this pandemic condition develop imbalanced in the marketplace as the businesses has to follow various rules in order to procure the working situations in direct manner. 6
REFERENCES Books and Journals Gupta, V., 2019. Talent management dimensions and their relationship with retention of Generation-Yemployeesinthehospitalityindustry.InternationalJournalof Contemporary Hospitality Management. Maurya,K.K.andAgarwal,M.,2018.Organisationaltalentmanagementandperceived employer branding.International Journal of Organizational Analysis. Murillo, E. and King, C., 2019. Why do employees respond to hospitality talent management. International Journal of Contemporary Hospitality Management. Narayanan, A., Rajithakumar, S. and Menon, M., 2019. Talent management and employee retention: An integrative research framework.Human Resource Development Review. 18(2). pp.228-247. PainterāMorland, M. and et. al., 2019. Talent management: The good, the bad, and the possible. European Management Review.16(1). pp.135-146. Scullion, H. and Mullholland, M., 2020. Global Talent Management.The SAGE Handbook of Contemporary Cross-Cultural Management, p.212. Sheehan, M., Grant, K. and Garavan, T., 2018. Strategic talent management: A macro and micro analysisof currentissuesinhospitalityand tourism.WorldwideHospitalityand Tourism Themes.10(1). pp.28-41. Taylor, S., 2018.Resourcing and talent management. Kogan Page Publishers. Vaiman, V. and et. al., 2018.Macro talent management: A global perspective on managing talent in developed markets. Routledge. Whysall, Z., Owtram, M. and Brittain, S., 2019. The new talent management challenges of Industry 4.0.Journal of Management Development. ONLINE Ghosh. P., 2019. What is talent-management? Definition, strategy, process and models. [Online] Availablethrough:<https://www.hrtechnologist.com/articles/performance- management-hcm/what-is-talent-management/>. Hancock. B., 2020. HR says talent is crucial for performance- and the pandemic proves it. [Online]Availablethrough: <https://www.mckinsey.com/business-functions/organization/our-insights/hr-says- talent-is-crucial-for-performance-and-the-pandemic-proves-it>. Singh. V., 2020. Pricing principles to help hotel maximise revenue during COVID 19. [Online] Availablethrough:<https://www.phocuswire.com/hotel-pricing-principles-vikram- singh-opinion>. Writer. S., 2018. The importance of talent-management and why companies should invest in it. [Online]Availablethrough:<https://www.humanresourcesonline.net/the-importance- of-talent-management-and-why-companies-should-invest-in-it>. Guha. A., 2020. Redesigning talent strategies for the COVID 19 era and beyound. [Online] Availablethrough: <https://www.peoplematters.in/article/talent-management/redesigning-talent-strategies- for-the-covid-19-era-beyond-27020>. 7