New and Innovative Ways to Achieve Strategic Talent Management: A Study on Marks and Spencer

Talent Management
(New and Innovative Ways to Achieve
Strategic Talent Management. A study on
Marks and Spencer)
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Contents
Abstract............................................................................................................................................3
Chapter I: Introduction.....................................................................................................................4
Aim.........................................................................................................................................4
Objectives...............................................................................................................................4
Rationale of the study.............................................................................................................4
Significance of the research for stakeholders.........................................................................5
Research questions.................................................................................................................5
Chapter II: Literature review...........................................................................................................6
Introduction............................................................................................................................6
Body.......................................................................................................................................6
Talent management conceptual framework............................................................................6
Retain Top Talent...................................................................................................................7
Career Management................................................................................................................7
Strengthen HR planning.........................................................................................................7
Developing talent....................................................................................................................8
Conclusion..............................................................................................................................8
Chapter III: Research Methodology.................................................................................................9
Research philosophies............................................................................................................9
Research Approaches.............................................................................................................9
Research Methods and techniques..........................................................................................9
Research Instruments (Gantt chart, Case Studies, Checklists, Interviews, and Surveys or
Questionnaires......................................................................................................................10
Gantt chart............................................................................................................................10
Research design....................................................................................................................12
Data collection......................................................................................................................12
Sampling methods................................................................................................................13
Ethical Issues........................................................................................................................13
Data Analysis and Interpretation..........................................................................................13
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Chapter IV: Findings and discussions............................................................................................14
Advantages and Pitfalls of data collection approaches........................................................22
Discussion......................................................................................................................................23
Understanding the goal of the organization..........................................................................23
Prioritize employee needs.....................................................................................................23
Planning ahead......................................................................................................................23
Clear objectives and development aspiration.......................................................................24
Chapter 5: Conclusion, Recommendation and reflection..............................................................25
Conclusion............................................................................................................................25
Reflection.............................................................................................................................25
Recommendation..................................................................................................................25
References......................................................................................................................................27
Books and journals...............................................................................................................27
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Abstract
Talent management plays important role in any organization for it to gain success. This
study aims to explore the ways of strategically gaining talent management in an organization.
For this research descriptive research design is followed and data are collected through both the
primary and secondary sources of data collection. The research identifies understanding
organizational goal, prioritizing employee needs, planning, and clear objectives as ways to
strategically gaining talent management.
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Chapter I: Introduction
Talent management refers to the systematic approach of determining the vacant position,
recruiting the right person and generating knowledge and skills of the person to match the job
description, and retaining a particular person to gain long-term organizational objectives. The
talent management process model helps to achieve talent individuals for organizations through
the strategic process of hiring Tansley, (2011). Talent management is solely a strategic procedure
followed by an organization to point out the actual vacancy, recruiting the right person at the
right place, excel the needed capability and skills to be fit for the particular position, and hiring
him to obtain longer period business goals. Talent management nowadays is not used as a term
for simple human resource elements but it is used as a whole term to hire, develop and retain the
most skilled and capable individuals in an organization. Any organization practicing the process
of selecting employees in terms of remarkable experience, having the capability of greater
accomplishment, good organizational citizenship, poses the skills required for the job and
commitment for long term service. This research study undergoes the various ways of achieving
strategic talent management in any business organization. Also, this study comprises various
methods and research approaches for gaining talented individuals in the organization. This study
further carries out the critical evaluation of research methodologies.
Aim
“To identify the need for new and innovative ways of working to achieve a strategic
approach to talent management.” A study on Marks and Spencer.
Objectives
 To identify new and innovative ways of working in talent management.
 To assess the current practices to a strategic approach.
 To be able to recommend better strategies of talent management within Marks and
Spencer.
 To examine the challenges faced by managers of Marks and Spencer while implementing
talent management best practises.
Rationale of the study
Talent management nowadays is not used as a term for simple human resource elements
but it is used as a whole term to hire, develop and retain the most skilled and capable individuals
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in an organization. The core focus on developing talent management is becoming continuous to
generate attention and recently talent strategies have changed the way an individual thinks, takes
action, and performs business. Globally retaining talent and capable people for the organization
has been increased, organizations are looking forward to alternative ideas and strategic ways to
retain employees winning competitors. Due to this changing pattern of organization, people need
to gain a strategic retaining approach to talent management.
Significance of the research for stakeholders
The significance of this research is that it will helps the researcher in enhancing their
skills and knowledge. It will be helping for students in knowing about the informations and
benefits of having talent management within business environment. Further, for organisational it
will be helpful to enhance their employees productivity and innovation something new and
creative way within their business environment.
Research questions
 Can innovative ways be purposeful to achieve talent?
 What role strategic approach plays in talent management?
 What innovative ways are needed in talent management strategy?
 What are the challenges faced by managers of Marks and Spencer while implementing
talent management best practises?
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