Talent Management Strategy of ASDA
Added on 2020-01-28
18 Pages4810 Words1366 Views
FinanceProfessional Development
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TALENT MANAGEMNTSTUDENT NAME:STUDENT ID:PROFESSOR NAME:1
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In the opinion of Vaiman and Collings (2013, p.1738), talent management strategydetermines an effective performance of an organisation. The human resource department ofan organisation needs to focus on the talent management of the organisation in order toenhance the productivity of the entire business. Talent management refers to managingtalents within the organisation to acquire business objectives and goals. ASDA also developsthe firm strategy to management the talent within their organisation by retaining the talentedpeople in their organisation. Based on the modern competitive market in the retail sector ithas become important to develop the management practice within an organisation properly.Through Talent management, the concerned company tries to acquire the high performancefrom the employees and sustainability of the company in the competitive market.Recruitment and selection process:As opined of Morris et al. (2014, p.725), in order to develop effective talent management, anorganisation needs to hire proper talent available in the market who can actually enhance theproductivity of the organisation. The human resource department of an organisation has toattract the true talent in the organisation through the integrated process of recruitment. Whileselecting ant candidate for particular post the concerned make their choice by acquiring theinformation regarding the capability of the concerned candidate. ASDA also recruits theemployees by judging their talent properly to analyses whether they are eligible to enhancethe productivity of the same. Company can select people from inside and outside. There aredifferent type of recruiting and selection process. Every enterprise is adopting different kindof selection process. In context to asda candidate has to apply through online sources. Thereis online application form which candidate need to fill. After this asda is having softwarewhich store all database according to this enterprise shortlist the candidates those who arewell suitable for particular profile. On the basis of job description firm can match and findpotential applicants. After this candidate need to give test in which they show their analyticalknowledge. And selected candidates invited for personal interview. By this process firm canselect right person for right job. Performance management:In performance management the management of an organisation works together to strategiesthe plan enhance the performance of the organisation, monition the proper implementationsof the strategies and reviews the whether the plan is able to achieve the objective of theorganisation as well as the individual objective of the employees. The management of ASDAalso manages the performance of the organisation by developing different programmes on3
performance management where they review the employee’s objective and the businessorganisation.Reward system:The reward is given to the employees to motivate them and provide proper recognition toefficient and talented employees. ASDA also provides rewards to the employees who are truetalent and contribute to the performance enhancement of the concerned company. Throughreward system, the concerned company tries to manage and motivate the talent within theorganisation.Training and development process:As opined by Oladapo (2014, p.19), after recruiting employee, the organisations providetraining to them in order to develop an idea of the job role which they need play with theworkplace. ASDA also develops this type of the training and development process where theconcerned company provide brief knowledge of the job to the employees through which themanagement of the concerned company tries to generate talent within the organisation andsharpens the existing talent within the same to acquire business objectives.Equality and diversity management:Talent can be managed within the organisation by motivating the employees. By ensuringequality within the organisation and managing diversity, the employees can be motivated.ASDA also maintains the equality management and diversity management through severalprogrammes. In these types of programmes, the concerned company ensures that they willtreat each employee equally and will be unbiased in every factor. This helps to motivate theemployees and successfully manage talent with the concerned company.360 degree performance appraisal methods used by asda: Asda is adopting 360 degreeappraisal method to evaluate employees performance. This appraisal is conducted on basis ofindividual bonus and peer recognition. Individual bonus is very transparent and flexible wayto evaluate employees performance. It method has main concept to improve employeesactions. Peer recognition is modern form of doing appraisal. In this firm gives award andacknowledge and individual for their good performance. This help company to motivate theiremployees so that they work in more dedication manner. 4
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