Effective talent management strategies for successful organisations

Effective talent
management strategies
for successful
organisations

Table of Contents
TITLE: Effective talent management strategies for successful organisations.................................3
INTRODUCTION...........................................................................................................................3
Overview of the Company...........................................................................................................3
Aims.............................................................................................................................................3
Objectives....................................................................................................................................3
Research Question.......................................................................................................................4
Literature Review.............................................................................................................................4
The meaning of Talent Management...........................................................................................4
The effective talent management strategies in Tesco..................................................................4
The role of talent management strategies in success of Tesco....................................................5
Methodology....................................................................................................................................6
Project management plan.............................................................................................................6
Primary and secondary research..................................................................................................8
Qualitative and quantitative research...........................................................................................8
Questionnaire...............................................................................................................................9
Data Analysis and Findings...........................................................................................................10
Recommendations..........................................................................................................................13
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15
Books and Journal......................................................................................................................15
Online:........................................................................................................................................15
Appendix 1.....................................................................................................................................17

TITLE: Effective talent management strategies for successful organisations
INTRODUCTION
Talent management refers to the process of attracting selecting and retaining of
employees with the help of various strategies in the organization and involves a strong role of
human resource management in the completely life cycle of an employee working in an
organization (Wang and Wang, 2017). It is an essential process which helps a company to
identify their talented employees and work towards the retaining of employees for their success
and growth. Talent is not something that is recruited by human resource department but also it is
what an organization develop with the help of motivation and hard work of employees. This
research report contains various methods through which the data has been collected on the topic
to identify the role of effective talent management strategies in an organization to get successful
in the market. The researcher is conducted on Oak Cash & Curry Company and the literature
review helps to have in-depth knowledge about the topic. A survey has been conducted to collect
the data which is also provided in the report.
Overview of the Company
Oak Cash & Curry is a successful organization who understands the value of talent management
and get success with the help of management of talent in the company (Miiro and Burhan,
2018). Oak Cash & Curry PLC is a British organization having their operations in many national
countries and deal in groceries and general merchandise. Oak Cash & Curry health headquarters
in Welwyn garden city England and are well known as third largest retailer of the world when
they are measured with the help of their gross revenues. The success of the company is because
of their talented employees as the company uses effective strategies to retain their talent.
Aims
The main aim of the study is “To identify various effective talent management strategies to get
successful organization. A case study on Oak Cash & Curry.”
Objectives
 To identify the meaning of Talent Management
 To evaluate the effective talent management strategies in Oak Cash & Curry
 To understand the role of talent management strategies in success of Oak Cash & Curry

Research Question
 What is Talent management?
 What are the effective talent management strategies that are used in Oak Cash & Curry?
 What is the role of talent management strategies in success of Oak Cash & Curry?
Literature Review
The meaning of Talent Management
As per the view point of Ghosh, P, 2021, Talent management is wide term which includes many
activities that has been taken by human resource department and other management in the
organization to retain and manage talented employees in the organization. It is a process which
has been design in strategic management so that an organization can get right talent in the
company so that their capability is help the organization to grow in the market (Tariq, Ilyas and
Rehman, 2017). In case of Oak Cash & Curry the company is so particular about their employees
that they always wants to choose right and talented employees with the help of their effective
human resource team foster the human resource team of the company is trained in such a manner
that they are able to select talented and motivated employees for the company which will help
them in future focus and effectively and getting in the company (What is Talent Management?
Definition, Strategy, Process and Models, 2021). Apart from this the company also provides
training to the employee so that the employees can be able to develop their native skills and
enhance their expertise by effectively and aging in various activities of the company. This is also
process of talent management as improvement of an employee helps him to keep themselves
connected with the company and feels motivated to work and achieve long-term business goals.
This talent management has a direct impact on the business of an organization as it became an
important necessity in today's hyper change environment.
The effective talent management strategies in Oak Cash & Curry
According to the view point of Vulpen E. V. 2021, Oak Cash & Curry is the large organizations
who use effective talent management strategies in the organization which helps them to achieve
success in the market (Bakoğlu and Yıldırım, 2016). They provide detailed job descriptions
about the requirement which helps them in their talent acquisition process and wave of irrelevant
applications from the job. That detailed job description includes the overall duties skills required
tools and equipment used salary and benefits given to the candidates so that the company can be

able to attract only right applicants and the candidates that are suitable for the job. After the
application the human resource department is responsible to check whether the employees are
person or organization fit or not. If an employee does not fit in the culture of an organization
then it will be very difficult for the management to manage that employee in the organization. So
it is the duty of human resource department to check whether the employee will fit in the culture
of the organization or not. Another strategy that has been used by human resource department for
effective talent management process is the collaborative coach in a wall which is an important
strategy and helps to create a culture of coaching and mentoring with the help of collaboration in
the organization. This mentoring coaching and collaboration help the employees to prepare
themselves for the future of the organization and help the company to expand in the market.
Another strategy which has been used for talent management is the reward and recognize write
in which a proper rewards and recognition has been decided by the management for the effective
works in the company (Anguelov, Stoyanova and Tamošiūnienė, 2020). This helps the
employees to keep themselves motivated with the help of rewards and bonus packages and the
prices which provides recognition in the organization will also provide great opportunities to
them and help the company to manage talent by retaining the employees. Another strategy to
manage talent is to provide opportunities for continuous improvement to the employees which
can be possible with the help of providing training and development. This will help the
employees to work on their community skills and helps them to update upgrade and upscale their
skills for their growth and development. All these strategies are very essential for Oak Cash &
Curry as it helps them to achieve success in the market.
The role of talent management strategies in success of Oak Cash & Curry
According to the View point of Sharma, N and Samantara, R., 2015, Talent management
strategies plays an effective and important role in the success of Oak Cash & Curry as it helps
the company to retain the talented employees. Human resource are the most important resource
of any organization and requires to be managed and effective manner so that they can effectively
and efficiently uses this important resource. Oak Cash & Curry goes out of their way to develop
and nurture the talent in their employees which involves a good amount of cost to the company
with the help of training and development. If the employees leave the job in a very short period
of time then it will makes the waste of their money that are suspended on the training is meant of
the employees. This not only effect the employee turnover rate in the organization but also affect

the cost involve in the operations of the organization. This talent management process also helps
Oak Cash & Curry to provide collaboration and social skills to their employees that are very
important for employees to develop their intellectual caliber or productivity (Kalitanyi and
Goldman, 2021). This has a direct impact on the success of the company as enhancement in the
productivity of employees and the company will directly help Oak Cash & Curry to achieve
success in the market.
Methodology
Project management plan
Project management plan refers to a plan which helps the researcher to develop a proper
methodology and budget for conducting a research. There are many important aspects of a
research which needs to be controlled by a researcher for a successful research that are explained
below
Cost:Research involves a certain cost to collect the data analyze it and publish it for the
use of many individuals in the market. For the purpose of this report that it has been collected
with the help of survey which has been conducted with 20 employees of the company Oak Cash
& Curry. To complete the research in effective manner total budget of 42000 pounds has been
prepared as there are many things that will involve a large cost like preparation of questionnaire
printing and many more.
Scope:Talent management is a wide concept and has a greater scope to collect data from
the market. In case of Oak Cash & Curry the company is considered in successful organizations
who have successfully achieved their growth and expansion plans with the help of their
employees. The scope to collect data for the present report is very high that it will help to reach
at various positive outcomes for the research.
Time:Research involves a certain cost to collect the data analyze it and publish it for the
use of many individuals in the market. For the purpose of this report that it has been collected
with the help of survey which has been conducted with 20 employees of the company Oak Cash
& Curry. To complete the research in effective manner total budget of 42000 pounds has been
prepared as there are many thanks that will involve a large cost like preparation of questionnaire
printing and many more.

Unit 11: - Research
Proposal

Table of Contents
Tile- Effective talent management strategies for successful organisations......................................3
Task 1 – Literature Review......................................................................................................................3
Task 2 – Research Proposal and Ethics form.......................................................................................6
Research Ethics Approval Form.........................................................................................................11
Task 3 – Research Data........................................................................................................................16
Task 4 – Formal business report..........................................................................................................18
Introduction...............................................................................................................................................18
Methodology.............................................................................................................................................19
Main Body.................................................................................................................................................21
Primary Data Analysis and Interpretation..............................................................................................21
Secondary data analysis.........................................................................................................................29
Conclusions................................................................................................................................................30
Recommendations.....................................................................................................................................30
Reflection..................................................................................................................................................32
Alternative Methodology..........................................................................................................................32
Bibliography...............................................................................................................................................33
Appendix – Questionnaire.....................................................................................................................35

Tile- Effective talent management strategies for successful
organisations
Task 1 – Literature Review
Requirement of talent management for the overall development of the large
organization
According to Mona Momtazian ( 2020), revealed that some of the specific reasons
considered by the organization to invest in the time management like attract top talent,
constant coverage of the specific goals, improve the employee performance level, retain
top talent, engage the employ, enhance the business performance, high level of client
satisfaction. The approach of talent management is important because it can maintain
each and every working operational activities so that companies can appropriately track
and measure the performance level of their workforce (Thunnissen, 2016).Manager of
the organization can adopt talent management model and practices each and every
steps of talent management model such as planning, attracting, developing, retaining
and also transitioning. With the help of talent management, HR manager can
appropriately conductor strategic planning and management process in order to attract
the top talent so that employees can develop their skills & retain in the organization for
longer period of time. In this model the last stage that is transition which involves some
specific activities such as succession, retirement, exit interview, internal mobility and
knowledge management. Manager can take care about of all these steps so that
manager can take care about the perception of the employees and formal letter starting
according to this. In context of large organization, time management approach is useful
to improve the profitability rate and make their market situation stronger (McDonnell and
et. al., 2017). Talent management approach is useful to attract the top talent so that
company can recruit high potential candidates and provide them at repair training
sessions to build their core competencies.

Appropriate strategies of talent management for the growth of the Marks and
Spence
According to Hannah Malmstrom, ( 2021), define that there are various and
appropriate and management strategies which can improve the growth level of the
organization so that company can appropriately evolve their business operations and
gain long term sustainability rate and stronger market position. There are various types
of time management strategies discussed which can improve the employability skills of
the key participating members of the small company (Borisova and et. al., 2017). Some
appropriate strategies which are improve the performance & efficiency level of the
organization like action of employees training tools, standardization of talent review and
also maintaining the on boarding process, track and measure the performance level of
the employees, provide constant feedback and also review the performance of the
employees, appreciate the top talent, Increase motivational level of employees, Give
career development path, establishment of appropriate organizational goals and
objective. All these talent management strategies are playing an integral part in the
overall development of the organization so that all the employees can effectively evolve
their core competencies and improve their productivity level in order to fulfill their
requirement of organizational objective (Elegbe, 2016). Apart from these strategies,
Promote monitoring & culture competencies are also considered as the effective and
most appropriate strategies of the talent management which large organization can
utilize to achieve most possible results.
Advantages of talent management strategies in order to improve the productivity
level of the Softwire employees.
According to Marc Holliday , ( 2021), explained that there are various advantage of
the talent management which company can get if company can properly implement all
the talent management Strategies and practices in an appropriate way. With the help of
this study, some specific benefits are discussed which need to understand by your
organization so that organization make serious in order to adopt all the practices of the
talent management strategies in an appropriate. Some specific advantages of talent
management strategies which are useful to improve the growth rate of the organization

such as better recruitment, improve diversity, equality and & inclusion, improve
employee engagement, minimize attrition and effective succession planning. All the
types of benefits are considered by the companies (Barzantn and Clapp-Smith, 2021).This
study also explain various types of benefits in context of employees like better on
boarding experience, lots of opportunities of training and re-skills, provide career
advancement, improve the performance management of the workforce and developed
various level of the employees. All these benefits are useful to improve the overall
effectiveness of the company so that company can enhance their market and improve
their customer’s base (Khoreva, Vaiman and Van Zalk, 2017). Through constant
implementation of the talent management strategies, the entire workforce can actively
participate in their working task and also provide their best efforts to achieve the
business objectives and improve the performance level of the company.

Task 2 – Research Proposal and Ethics form
Research Proposal Form
Student Name: ______________________
Proposed Title: Effective talent management strategies for successful organisations
Section One: Title, objective, responsibilities
Title or working title of the research project
Effective talent management strategies for successful organisations
Research objectives (e.g what is the question you want to answer? What do
you want to learn how to do? What do you want to find out?):
Aim
“To identify influence of talent management strategies for the profitability &
effectiveness of the large organization” A case study of Softwire.
Objectives
 To understand the requirement of talent management for the overall
development of the large organization.
 To analyze the appropriate strategies of talent management for the growth
of the Softwire.
 To determine the advantages of talent management strategies in order to
improve the productivity level of the Softwire employees.