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Challenges Faced by Business Entities During Talent Management: A Case Study on ASDA

   

Added on  2023-06-18

20 Pages3870 Words200 Views
Leadership ManagementProfessional Development
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Managing a successful business project
Challenges Faced by Business Entities During Talent Management: A Case Study on ASDA_1

Table of Contents
TOPIC: To identify challenges that are faced by business entities during talent management”. A case
study on ASDA...........................................................................................................................................3
INTRODUCTION.......................................................................................................................................3
TASK 1.......................................................................................................................................................3
PART A.......................................................................................................................................................3
Project planning.......................................................................................................................................3
PART B.......................................................................................................................................................8
Conducting research................................................................................................................................8
TASK 2.....................................................................................................................................................10
Present findings.....................................................................................................................................10
Reflective practice.................................................................................................................................18
Conclusion.................................................................................................................................................19
References.................................................................................................................................................20
Challenges Faced by Business Entities During Talent Management: A Case Study on ASDA_2

TOPIC: To identify challenges that are faced by business entities during talent
management”. A case study on ASDA.
INTRODUCTION
Talent management is about recruiting, motivating as well as retaining employees for
longer run so that pre-defined objectives of business can accomplished. Here, staff members are
managed in proper and systematic way. Talent management helps in getting right candidate
onboard. However, there are ample of challenges associated with talent management practices
such as employee engagement, career management, retention and more (Mohammed, 2019). In
present assignment, ASDA is being considered as an organization. It was started in 1949 and
headquartered in England. Main aim of present study is to identify the challenges that are faced
by company during talent management. It comprises a detailed project management plan with
appropriate tools such as work break down structure and Gantt. Further, research methodology
has also been discussed in following report with proper data analysis & interpretation. It
comprises findings based on the assessment.
TASK 1
PART A
Project planning
Research Aim: “To identify challenges that are faced by business entities during talent
management”. A case study on ASDA.
Research objectives
To understand the concept of talent management in organization
To analyze challenges faced by ASDA while managing talent at work place.
To formulate suitable strategies in order to deal with challenges related to talent
management in ASDA.
Research Questions
Challenges Faced by Business Entities During Talent Management: A Case Study on ASDA_3

What is the concept of talent management in organization?
What are the challenges faced by ASDA while managing talent at work place?
What are the suitable strategies to deal with challenges related to talent management in
ASDA?
Rational of study
This study is helpful in order to identify impact of talent management over business entity. It
will develop competency to formulate suitable strategies of talent management. With this study,
researcher will be able to address different challenges related to challenge management arise at
work place.
Literature review
According to Levenson, (2021), talent management is a process wherein employees are
hired, trained, motivated in significant manner. Here, right people are placed at right place so
that they perform with maximum level of efficiency & productivity. Main aim of talent
management is to motivate work force in an efficient manner so that they stay with business
entity for longer period of time. Apart from this, talent management practices are embarked at
work place with an aim to improve overall level of efficiency & productivity of work force.
Talent management is a crucial process which also help in business success and growth.
However, there are ample of challenges associated with this practice. Here, these challenges are
related with employment retention, recruitment of qualified employees, motivation and more. In
the middle of this increasing competition, it has become a challenge to hire as well as retain
talented people for longer period of time.
According to Borgogni, (2021), There are several challenges faced during talent
management. Here, it is paramount to prepare suitable strategies in order to meet with those
challenges. Here, motivation, training & development are certain crucial strategies which might
prove helpful in addressing issues of talent management within organization. In addition to this,
positive relationships of superiors & subordinates also proved helpful in dealing with challenges
of talent management. For this purpose, administration of company is required to offer adequate
amount of compensation to employees so that they work with greater efficiency & productivity.
Challenges Faced by Business Entities During Talent Management: A Case Study on ASDA_4

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