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Strategic Talent Management at Apple: A Quantitative Study

   

Added on  2023-06-11

42 Pages6570 Words302 Views
Individual Project Report

TABLE OF CONTENTS
CHAPTER 1- INTRODUCTION....................................................................................................1
Overview of the company......................................................................................................1
Project backgammon and business case.................................................................................1
CHAPTER 2- RESEARCH PROJECT OBJECTIVES...................................................................2
Research objectives...............................................................................................................2
Research Rationale................................................................................................................2
CHAPTER 3- LITERATURE REVIEW.........................................................................................3
CHAPTER 4: RESEARCH METHODOLOGY.............................................................................6
CHAPTER 5- PROJECT RESULTS AND FINDINGS...............................................................12
CHAPTER 6- CONCLUSION AND RECOMMENDATION.....................................................32
Recommendations................................................................................................................32
CHAPTER 7- REFLECTION........................................................................................................33
REFERENCES..............................................................................................................................35
APPENDIX....................................................................................................................................37

CHAPTER 1- INTRODUCTION
Overview of the company
Apple is one of the successful organization that is one of the multinational technology company having specialization in the
consumer electronics, software and online services. In the current era, technology sector is growing with the rapid speed which is
offering number of opportunities to organizations. It is one of the most valuable firm that is referred as the second largest
manufacturing enterprise in world. It is established by Steve Jobs, Ronald Wayne and Steve Wozniak in the year 1976 which is found
to be one of higher revenue generating firm in the specified sector. There are different types of the actions which are taken into the
consideration by the organization for coordinating with the changing circumstance via enabling customer to get updated version of
technology. In the year 2021, the particular firm is gaining the competitive edge in the market due to its significant adoption of the
changing circumstances in turn accomplishing the organization the objective such as higher share, profitability, sustainability has
become possible. For this purpose Apple has given emphasis on launching memorable advertising campaigns, acquiring number of
companies, possessing positive working culture, higher employee engagement, etc. There is higher level of focus is provided on
gaining the significant innovation in turn accomplishing leading in sector has enabled.
Project backgammon and business case
Strategic talent management is concerned with having the plan of action which can contribute in optimizing the employee
performance. In the current era, it is highly important for the company to pay attention on having strategic talent management in turn
accomplishing the objective of gaining full potential of employees can become possible. There is higher level of competition in the
particular sector as the customer trends keeps on changing which require firm to focus on having reliable talent management in turn
coordinating with this requirement can become possible. Apple is one of the successful firm whose market share is increasing as
compared to the previous year which require firm to pay attention on talent management as it play crucial role in affecting the
organizational performance. Talent management is related with procedure of selection, engagement & culture, employer branding,
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learning & development, succession planning, retention & performance management, sourcing & attracting talent, etc so that reliable
processing can be derived. The current study will pay attention on assessing benefits of talent management and identifying strategies
used by specified organization as compared to competitors. In addition to this, the study will focus on examining Apple's current
talent management strategies and significance of making it priority. For this purpose the particular study will emphasize on using the
quantitative research so that significant information regarding the selected subject matter in structured manner will be conducted. The
current study will focus on having the reliable research aim and objectives in turn accomplishing the reliable & relevant data to
ascertain its impact on the organizational performance. This will emphasis on shading light on deductive approach and positivism
philosophy in turn attaining the appropriate information can become possible.
CHAPTER 2- RESEARCH PROJECT OBJECTIVES
Research objectives
To study the concept of talent management
To examine the benefits of talent management
To identify talent management strategies used by Apple's competitors
To identify the current talent management strategy
To concluding on the importance of making talent management a strategic priority
Research Rationale
The main purpose of the current investigation is to ascertain how talent management can improve organizational l
performance. In the current era, employees are considered to be one of the crucial factor of the success so having reliable procedure of
talent management can become possible. In order to gain the success in effective manner via having reliable application of the talent
management so that attracting, retaining and controlling employees in effectual pattern can be exerted. There are distinct form of the
benefits which can be derived by applying the talent management as it leads to improve the organizational performance. This
advantages comprise strategic hiring procedure, improved on boarding process, retaining higher experience possessing talent,
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employee development, positive staff experience and greater engagement. Apple is one of the successful company in the particular
sector which uses talent management strategy in turn accomplishing the organizational objective such as higher profitability
sustainability, etc. The particular study will enable the Apple to get the significant understanding about the concept & its significance.
This will permit to get the information regarding the strategies used, current approach and concluding on importance on of making
talent management a strategic as priority so that significant depth understanding can be derived to coordinate with prevailing
circumstances in business environment.
CHAPTER 3- LITERATURE REVIEW
Theme 1: The concept of talent management
According to Claus (2019) Talent Management (TM) is the procedure related with HR process which includes attainting,
onboarding, developing, motivation and retaining higher performance providing employees. It is usually taken into the consideration
by the organization for having the relabel level of effectiveness in enhancing productiveness of its performance. There are four areas
of TM which comprises recruiting, having corporate learning and development, performance and compensation management. On the
other side, Gallardo-Gallardo, Thunnissen and Scullion (2020) depicted that talent management is implemented for the purpose of
accomplishing the organizational objective of increasing performance so that greater outcomes via enabling the employees to get the
different traits and tactics can become possible. There are basically two types of the talent manageable activities such as
unidimensional and multidimensional in turn meeting the organizational objective of higher profitability can be attained.
In the views of Ansar and Baloch (2018) TM is the activity which is related with having the people specific trends so that
reliable so that strategic planning and controlling can be done to get the greater organizational objectives. This is concerned with
having strategic and organized pattern so that having corrective form of employees at the right position can be attained. This pay
attention on having acquiring, assessing, developing and deploying approaches in turn meeting the objective of higher positive results
can be attained. On the other side, Shahi and et.al., (2020) depicted that talent management is the process of attracting and retaining
the staff for the longer duration in turn skills and attributes required for the organizational growth can be derived. This offers various
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competitive attributes and strategy formulation for the organization to gain the better working procedure which is helpful in receiving
better processing.
Theme 2: the benefits of talent management
In the views of Jayaraman, Talib and Khan (2018) there are various benefits which can be received by the organization
through applying the talent management procedure into the consideration. This provides the benefits like sharing the data via
establishing the connection between the management and the organization. It is helpful for the firm to get the profitability and
sustainability in turn accomplishing the organizational objectives can become possible. Retaining top talent via ensuring that
employees are getting the significant information from the company in respect to get the higher clarity for conducting the operational
practices. This helps in getting the feeling of belongingness in turn accomplishing the goal of retaining employees for longer duration
can be done. On the contrast to this, Ali and Jawad (2022) depicted that talent management is related with having the effective hiring
procedure in to the organization which is helpful for the business to get the corrective employees at the right position in turn gaining
the competitive scenario can become m possible. This tends to offer the higher ROI to the company processes which allows to have
strategic goals that enhances business performance.
According to Sindhura (2022) there are various aspects which can be accomplished by the firm through having the reliable
procedure into the business. Increased diversity, equity and inclusion offers the strategic businesses and financial advantage and
becomes possible to have higher productiveness so that coordinating with the changing circumstances can become possible. In
addition to this, such practice in the firm is helpful in gaining the greater employee engagement which provides the ability to get the
higher ideas and views which are helpful in achieving the greater information so that better working procedure to overcome prevailing
competition can become possible. In the contrast to this, Abu-Darwish, Al-Kasasbeh and Al-Khasawneh (2021) that there are number
of benefits which can be attained by the firm through having effectual talent management process that involve good brand image,
higher efficiency & effectiveness, eliminating irrelevant components, good employee experience, etc. which gives the ability to the
firm to cope up with prevailing circumstance to possess desirable position.
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Theme 3: Talent management strategies used by Apple's competitors
In the view of Al Jawali and et.al., (2021) in the current era having reliable functioning is highly via gaining the
competitiveness so that ability to overcome the competition. It is important for the firm to pay attention on developing understanding
of the tactics used by organization for achieving competitiveness through using effectual talent management approach. For example-
Motorola is international firm that uses the technique that uses standardized talent review and on boarding processes so that achieving
the important functioning via effective job description, etc activities so that attaining the greater capability to retain employees.
On the contrast to this, Gerhardt and Karsan (2022) tracking and measuring performance is the highly used technique which
tends to offer the motivation to the staff to get the chance to grow via eliminating the lacking areas. For instance - LG is the
multinational company offering the competition to the Apple bu using the tactic of measuring performance in turn accomplishing the
goal of accomplishing the eliminating lacking areas via making improvements actions.
In the contrast to Mujtaba, Mubarik and Soomro (2022) there are different types of the talent management which tends to
offer the crucial information to the organization so that effective culture building, retention of employees, recognizing & rewarding to
performer, offering career development paths, establishing the crucial objectives so that achieving the higher profitability can become
possible. For essence- Dell is one of the significant company that is highly covering the market share through ensuring that employees
are contributing in respect to get the success so that having higher profitability by using employee relationship strategy.
Theme 4: The current talent management strategy
According to d’Armagnac, Al Ariss and N’Cho (2021) there are distinct types of the objectives which are basically
predetermined buy the firm for having the higher profitability and sustainability. For this purpose talent management plays crucial role
in turn getting greater effectiveness can become possible. The actions which are taken into the process of managing & retaining staff
the actions which are taken into procedure includes competitive package, flex benefits, periodical stock grants for their contribution to
the company. On the other side, Anlesinya, Dartey-Baah and Amponsah-Tawiah (2019) stated that the major course of the action
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which is executed for the mentioned subject matter is to have strategic plan to optimize employee performance so that achieving
effective performance to build brand image.
As per the views of Neri and Wilkins (2019) there are different form of the activities which are basically taken into the
process by the firm for gaining the goal of profitability & stability. This includes having the iPhone interview, an assessment test and
final interview, keeping timely meetings, etc so that greater innovative processes to get higher performance can become possible. In
contrast to this, Mujtaba and Mubarik, (2021) performance based cash incentive re offered by the organization to motivate
subordinates so that effectiveness to build good position in market via having strategic management. This is helpful in accomplishing
objective of higher productiveness and stability in the market.
From the above information it can be concluded that strategic talent management is related with having the effective
procedure so that accomplishing the objective to have the higher profitability is important. Strategic talent management is one of the
highly effective process that provides number of benefits such as attracting and retaining employees for the longer duration, gaining
good brand image, etc which positively influences overall performance of company. This tends to give the greater competitiveness to
deal with organization, having appropriate consistency, quality performance, better working activities, enhanced employee motivation,
etc. which tend to offer the positive results.
CHAPTER 4: RESEARCH METHODOLOGY
Research type
There are three types of the research such as qualitative, quantitative and mixed. The in the current study quantitative type
of the research has been taken into consideration as it pay attention on gathering the data that is numerical and fact based. This tends
to give proper structure and reliable information so that accomplishing the objectives of the research can become possible. The reason
behind the selection of the quantitative research is to get the proper ability to accomplish the objective such as understanding of talent
management, its significance, strategies, etc.
Research approach and philosophy
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