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Concept of Talent Management as a Strategic Priority in Tesco

   

Added on  2022-12-27

29 Pages5893 Words2 Views
Leadership ManagementProfessional DevelopmentData Science and Big Data
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UNIT 11
RESEARCH PROJECT
(TASK 2)
Concept of Talent Management as a Strategic Priority in Tesco_1

Table of Contents
INTRODUCTION ...........................................................................................................................................3
LITERATURE REVIEW....................................................................................................................................4
RESEARCH METHODOLOGY.........................................................................................................................6
DATA ANALYSIS AND INTERPRETATION ......................................................................................................9
RESEARCH OUTCOMES .............................................................................................................................15
REFLECTION ..............................................................................................................................................16
CONCLUSION.............................................................................................................................................16
RECOMMENDATION..................................................................................................................................17
REFERENCES..............................................................................................................................................18
APPENDICES ..............................................................................................................................................20
Concept of Talent Management as a Strategic Priority in Tesco_2

INTRODUCTION
Employees are very significant resource of an organization that works for achieving the
targets of company in a specified period time. To organize the workforce of an organization
talent management is very essential for maintaining healthy culture within working environment
(Bratton and Watson, 2018). This research report is based on Tesco that is a largest supermarket
company in UK established its presence in 1919. The company deals in groceries, home wares,
food, financial services etc. The main aim of conducting this research is to examine the concept
of Talent management as a strategic priority that is used by company for retaining talent. The
significance of this project is to understand the importance of talent management that helps in
attracting and retaining talent by improving satisfaction level of employees. The structure of a
current project inculcates aims and objectives on research topic along with brief discussion of
literature review and research methodology. It also inculcates research findings with an
presentation of facts using charts that helps in preparing a valid conclusion and recommendation
which is based on facts and finding.
AIMS
“To study the concept of talent management as a strategic priority and it influence over
increasing operations of business”. A study on Tesco
Objectives
To understand the concept of talent management within business enterprise.
To examine the importance of Talent management within Tesco.
To explore several challenges that is faced by an organization in relation to talent
management.
To investigate the strategies for overcome challenges related to talent management in an
organization.
Research questions
What do you understand by concept of talent management within business enterprise?
Concept of Talent Management as a Strategic Priority in Tesco_3

What is the importance of Talent management within Tesco?
What are the challenges that are faced by organisation associated with talent
management?
What are the strategies to overcome challenges related to talent management in business
enterprise?
Rational of research
The main reason for conducting this research is to gain the knowledge regarding concept
of talent management that helps organization to gain competitive advantage along with several
challenges that are faced by HR to manage talent (Muratbekova‐Touron, Kabalina and Festing,
2018).This research is also useful in demonstrating importance of talent management along with
the strategies to overcome challenges so that an organization operation is to be maximized.
Further conducting this research is helpful in as it helps researcher to understand several aspects
of specific topic that helps in developing their future career.
LITERATURE REVIEW
Literature review refers to contemplate of various scholarly data like books, journals,
articles etc. related to particular topic or a research questions (Anlesinya, Dartey-Baah and
Amponsah-Tawiah, 2019). The literature review is to be written as an essential part of research
in which research can research some specific topic to get valid information. In this investigator
get the facts and figures which are already exist on talent management along with the strategies
that helps in overcoming challenge related to talent management so that firm operational value is
to be enhanced and it will sustained for longer period of time.
Understand the concept of talent management within business enterprise
As per the viewpoint of “Prarthana Ghosh, (2021)” talent management is a strategic
process that includes attracting and retaining highly skilled employees, developing their skills
and timely motivating them to enhance and develops their performance (Talent
Management,2021). It encompasses several responsibility of HR like retaining, recruiting,
selecting, compensation, evaluation performance etc. Talent management is about a set of human
resource processes which all integrate with each other.
Concept of Talent Management as a Strategic Priority in Tesco_4

Examine the importance of Talent management within Tesco
As per the Latukha, (2018) view point, there are several importance of talent
management that helps company to manage their workforce and develops their skills and
capabilities for retaining them to a longer period of time. The major importance of talent
management within organization is to attract top talent which is useful to develop business
performance and results. It is also significant for motivating employees so that task is attained
on time. This will improve business performance by engaging workers towards the company
objectives so that customers are satisfied with the business enterprise.
Several challenges that is faced by an organization in relation to talent management
According to the viewpoint of “Pandita and Ray, (2018)” there are various challenges
available in organization that will create difficulty for management of an enterprise in managing
operations and talent. Embracing new interest is the major challenge for company within talent
management function. In this competitive world finding the right talent is the major challenges
that fulfills objectives of an organization within specified period of time. Offer impressive salary
is the challenge that is faced in company in relation to talent management. Due to this business
enterprise faces issues in fulfilling targets that will affect profitability and productivity.
Strategies for overcome challenges related to talent management in an organization
As per the viewpoint of Gupta, (2019)” to overcome the challenges within an
organization, several strategies are to be used such as effective communication, participative
style of leadership etc. so that workers are satisfied with the working culture that provides
successful results in long term survival. It also demonstrates succession planning into future
gaining traction that creates high scope of sustainability by reducing the challenge within an
organization. Apart from this business enterprise also offers financial rewards to the employees
for developing their performance because employees are satisfied with this belongingness and
care which organization provides to their talent workers.
Concept of Talent Management as a Strategic Priority in Tesco_5

RESEARCH METHODOLOGY
Research Methodology refers to a process that help researcher to select, analyze, examine
and process the information related to a particular topic so that investigator complete their
research effectively (Zhang, Jia and Chen, 2019). Research methodology is very significant for
doing research because it presents the evaluation of research in a valid and reliable manner. It
includes several aspects that are approach, research philosophy, collection, analysis of data etc. is
involved which are fall under research onion that is elaborated below:
Research philosophy- It refers to that term which represents the way in which data about
specific topic is to be gathered, used and analyzed. It is helpful in drawing a valid
conclusion of research. This research is based on two methods that are positivism and
interpretivisim research philosophy. According to present study, researcher adopts
positivism research because it presents factual facts by observation. This research
philosophy is based on quantitative research where data are to be collected in numerical
manner.
Research approach- It is an essential activity that is linked with plan and procedure that
involves steps from broad assumptions which is used to collect, analyze and interpret
data. The research approach is divided into two categories that is inductive and deductive
approach. Inductive approach is used to contributing the emergence of new theories
whereas deductive approach is used to test the validity of assumptions. In order to select,
researcher use deductive approach because it focus on evaluating data by hypothesis and
convert it into observation to test the outcomes (Crane and Hartwell, 2019). It is crucial
for gather quantitative data that helps investigator to take suitable decisions while
involving research activities.
Research design- By carried out investigation, research design refers to a framework of
research methods and techniques that is used by researcher while conducting research. It
includes several aspects such as experimental survey, semi-experimental, review,
descriptive case study etc. For conducting this particular research researcher used
descriptive research design because it provides valid conclusion and helps in presenting
right judgment. This descriptive research is also helpful to determine attributes of
Concept of Talent Management as a Strategic Priority in Tesco_6

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