Effective Talent Management Strategies for Successful Organizations: A Case Study of Tesco Plc
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This research project aims to identify effective talent management strategies for successful organizations, with a case study of Tesco Plc. The study analyzes different talent management strategies used by Tesco, determines challenges faced by HR managers, and recommends actions to solve these challenges.
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Table of Content Aim and objectives Research methodology Data analysis Recommendations References
Aim and objectives Aim:Toidentifyeffectivetalentmanagementstrategiesforsuccessful organizations. A Case study of Tesco Plc. Objectives: To understand the concept and importance of talent management. To analyse the different effective talent management strategies uses by Tesco for their organization success. To determine the challenges faced by HR manager while implementing talent management strategy. To recommend actions that help the HR manager to solve the challenges regarding TM strategy implementation.
Research methodology MethodologiesDescription Research typeQualitative Research Approach and PhilosophiesInductive approach and Interpretivism philosophies Data collectionBoth Primary and Secondary data Primary = Survey method Secondary = Websites, books, Journals, articles etc Data analysisThematic data analysis method SamplingSample size of 30 employees of Tesco Plc
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Data analysis Theme1:Majorityofthe employeesareworkingsolong within a firm Theme 2:Most of the employees are aware with the concept of talent management from last 1 year From last 2-3 years From last 3-5 years More than 5 years. 0 2 4 6 8 10 12 14 16 2 5 15 8 How long you are working in the company? 24 42 Are you aware with the concept of talent management? YesNoDon’t know
Continued…. Theme3:No,thereisnotan enough transparency while making decision making process Theme4:Differenttalent managementstrategiesadoptby Tesco Yes No Don’t know 0246810121416 14 15 1 Do you feel there is an enough transparency while making decision making process? Rewards and recognition Effective training and development opportunities CoachingAll of these 0 2 4 6 8 10 12 14 16 Which of the following talent management strategies are adopt by Tesco?
Continued…. Theme 5:yes, employees agreed thatimplementingtalent management strategies assist to improveperformanceof employees Theme6:Yes,employeesare satisfiedwiththestrategies implemented by the company 14 6 4 2 4 Do you agree that implementing talent management strategies assist to improve performance of employees? Strongly agreedAgreedNeutral DisagreedStrongly disagreed Highly satisfied satisfiedNeutralDissatisfiedHigh dissatisfied 0 1 2 3 4 5 6 7 8 9 89 2 65 Are you satisfied with the strategies implemented by the company?
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Continued…. Theme 7:Different challenges facedbycompanywhile implementtalentmanagement strategies Theme 8:Policies and laws is the top areas your organization should considertoimprovethetalent management initiatives Ineffective leadership Inexperience with technology Poor hiring strategy All of these 0 2 4 6 8 10 12 14 556 14 What are the challenges faced by company while implement talent management strategies? A s s e s s i n gc a n d i d a t e ’ ss k i l l sb e f o r eh i r i n g p r o c e s s C u l t u r e p o l i c i e sa n dl a w s R e w a r d i n g 5 9 15 1 What are the top areas your organization should consider to improve the talent management initiatives?
Recommendations On the basis of above information regarding the challenges faced by Tesco while implementing talent management strategies, the following actions are recommended to the organization so that they can easily deal with the challenges are as follows: Propertraininganddevelopmentprogramregardingtechnologyand innovation Promote experienced and loyal employee as a leaders of organization Complying with policies and law.
References Сосновская, А. А., 2019. ORGANIZING STUDENTS'INDEPENDENT WORK BY THE PROJECT ACTIVITY.Организация самостоятельной работы студентов по иностранным языкам. (2). pp.173-177. Frolova,O.A.,2018.Projecttechnologyinteachingbusinessintercultural communication.Modern Science. (7). pp.28-31. Sharma, S., Bedi, N. and Sukhwani, V. K., 2020, December. Optimization of Time and Cost for a Research Project by Project Crashing Method. InIOP Conference Series: Materials Science and Engineering(Vol. 998, No. 1, p. 012057). IOP Publishing. Telegina,N.V.andet.al.,2019.Theuseofprojectactivityinteaching mathematics.EurasiaJournalofMathematics,ScienceandTechnology Education. 15(8). p.em1738.
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