Talent Management Strategies for Retention of Employees - A Case Study on Hotwire

Unit 11

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
1. Literature Review - ................................................................................................................3
2. Research Methods - ................................................................................................................5
4. Outcomes.................................................................................................................................9
5. Methods used to achieve objectives......................................................................................10
6. Other methods could have been used....................................................................................10
REFERENCES..............................................................................................................................11
3. Questionnaire .......................................................................................................................13

INTRODUCTION
Main aim of the project is “To analyze the talent management strategies for retention of
employees — A case study on Hotwire”
Objectives -
 To analyze the importance of talent management
 To identify the talent management retention strategies within organization
 To evaluate the best talent management strategy
Research Question -
 What are the talent management strategies within Hotwire?
These are the aims, objectives and research questions which have been framed for the research
on talent management strategies to be conducted effectively and in appropriate manner.
Therefore, these three things will help in completing the research to be conducted successfully at
large scale. This will also help in creating value for the research which helps in designing the
main objectives required to be utilized for the literature review to be conducted successfully. The
aim initiates in creating the strategies which are helpful in making the talent management work
effectively within Hotwire.
MAIN BODY
1. Literature Review -
Importance of talent management
According to Khilji and et.al., (2017), talent management is the process which involves
attracting and retaining high — quality employees by developing their skills and abilities which
are required by them within organization. Talent management helps employees in making them
feel confident, engaged, motivated and skilled which allows them to work in direction of
accomplishing company's goals and objectives at large scale. Talent management is very helpful
in increasing the business performance and helps in channelizing various measures through
which growth and development aspects are measured.
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As per Alves and et.al., (2020), talent management is also important for the employees'
retention process to take place effectively and in efficient manner as it helps in creating value
through which all possible aspects are designed for the framework of retention process taking
place. Talent management helps employees to make them feel motivated and encouraged so that
they enable the process of how things are being managed at large scale. Talent management
creates workforce to deliver their best performance in long run in effective manner.
Identifying talent management retention strategies within organization
As described by Pandita and et.al., (2018), talent management retention strategies helps
in knowing basis through which the best employees are retained and this helps in assessing
performance of employees at large scale within organization. The talent management retention
strategies are described as — pairing the employees with effective mentors, investing time into
learning and development, measuring the progress of employees regularly, open communication
between employees and senior members etc. Retaining employees starts with effective
recruitment. Therefore, these are major talent management retention strategies within
organization.
As mentioned by Johennesse and et.al., (2017), talent management strategies are effective
towards the framework through which the retention process within organization helps in gaining
the best employees which create value to the organization and this helps in assessing the
performance which has been delivered by them to the organization. The talent management
strategies are helpful in making and framing basis through which all possible facts and
information regarding the employees' performance is analyzed which helps in engaging them
towards performing their work on effective scales.
Evaluating the best talent management strategy
As described by Mupepi ed., (2017), the best talent management strategy in the retention
process is described as — measuring the progress of employees regularly which helps in
assessing the value through which the performance of the employees is measured at regular or
quarterly basis. This helps the employees in knowing the aspect of how the employees can
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