Talent Management in Tesco PLC: A Study on Aims, Legal Regulations, Cost and Benefits

Talent Management

Table of Contents
INTRODUCTION...........................................................................................................................2
MAIN BODY...................................................................................................................................2
Aim of talent management.....................................................................................................2
Legal regulations in Talent Management...............................................................................3
Cost and benefits of Talent Management...............................................................................4
Recommendations..................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
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INTRODUCTION
Talent management refers to the attraction, selection and retention of employees in the
organisation in which the business follows a combination of Human resource processes across
the lifecycle of employees. This helps in encompassing the workforce planning, learning and
development, recruiting, performance management, on boarding and retention. Their main
objective is to improve the performance of the workforce by following different set of practices
which increases the overall productivity of the business (Baharin and Hanafi, 2018). In this
report Tesco PLC is considered which is a multinational grocery company based in UK. They are
third largest retailer in the world in terms of the gross revenue they generate in a financial year.
This report covers the aims, legal regulations, benefits and the procedure followed by the
respective organisation in dealing with talent management issues.
MAIN BODY
Talent management is the activity that is conducted in the organisation by the HR team so that
they can have experienced and skilled employees in the company that perform well to deliver the
objective of the organisation (Azotani and et. al.,2020). Through this process the company is able
to retain the employees in the business for a longer period of time. The organisation will be able
to work on their full potential and achieve the set objectives.
Aim of talent management
The aim of the organisation while managing the talent is to attain the employees that have
high potential and display maximum effectiveness in the work that they do. The effective growth
of the company is based on the employees as they are one of the most essential asset of the
company and their input in the company is essential in attaining the objective. Tesco PLC has
their training program in which they hire employees in the organisation and explain them their
roles and responsibilities. The aim of focusing on talent management in Tesco PLC is discussed
below:
 To achieve the organisational goal with maximum efficiency- Tesco PLC is one of the
largest firm dealing in groceries. They hire employees and further provide them with
specialised training so that they can master the respective skill and deliver maximum
efficiency in the business (Mahajan, 2019). The overall development in the employees by
training session is one of the major part of talent management process.
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