Impact of Talent Management on HR in UK Retail Industry
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This research aims to analyze the impact of talent management on the role of human resource in Marks and Spencer. It includes research questions, objectives, background, significance, and scope.
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UNIT – 11 RESEARCH PROJECT
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Table of Contents TOPIC-.............................................................................................................................................3 AIM..................................................................................................................................................3 OBJECTIVES..................................................................................................................................3 Background..................................................................................................................................3 Significance and scope.................................................................................................................3 Rationale......................................................................................................................................4 LITERATURE REVIEW.................................................................................................................4 Timeline.......................................................................................................................................7 RESEARCH METHODOLOGY.....................................................................................................9 REFERENCES..............................................................................................................................12 APPENDIX....................................................................................................................................13 Research Ethics approval form..................................................................................................13
TOPIC- To evaluate impact of talent management on human resource management in context to UK retail industry- A study on Marks and Spencer. AIM The aim behind the study is to analyse the impact of talent management on the role of human resource in Marks and Spencer RESEARCH QUESTIONS 1.What is the impact of reward management in managing talent of organisation? 2.What is the effect of performance management and work life balance on managing the talent? OBJECTIVES To evaluate the concept of talent management. To study the role and effects of reward management by HR in managing talent in Marks and Spencer’s. To analyse impact ofperformance management and work life balance on managing the talent. To recommend strategies for talent management at Marks & Spencer's. Background Marks and Spencer’s is the retail organisation who is been situated and headquartered in United Kingdom. Company is being going through some issues related to talent management. This is the reason because of which they have included HR department to come up with various strategies for managing talent (Borisova and et.al., 2017). For talent management a proper work life balance and job role of every employee must be defined. It has also been analysed that employee’s performance needs to be reviewed and evaluated. For this effective recruitment and selection practices are required in managing talent in order to solve the issues faced by M&S. Significance and scope This research is important and also the scope of research is really wide. It has been analysed that by making use of performance management, organisation will be able to analyse the performance of workers. They can be able to evaluate gaps in their services. This will assist company in managing talent and also it will assist the firm in taking necessary steps for
improvising the performance level of employees. It has also been evaluated that for effectively managing the talent, HR department will also be involved in making use of the reward management, so that employees can stay motivated and also this will assist them in achieving set target as well as objectives. The scope is wide as talent management supports in increasing productivity of organisation. Rationale The reason for carrying out this research is to analyse the impact of talent management in increasing productivity and efficiency of firm. It is being stated that the purpose of talent management, is to identify, hold and recruit employees who are driving the success of the organisation. It has also been analysed that talent management supports in making sure that the right people are being placed at the right position with adequate resources. The most important aspect in management of talent is to improvise the process of selection and recruitment. This will assist in enhancing the operational efficiency of firm. LITERATURE REVIEW Theme 1 – Concept of talent management According toKrishnan and Scullion, (2017)it is important to understand the concept of talent management into the organization as talent management is one of the most important factor of the organization and it also help the organization in increasing the performance of the business in achieving the objectives and goals. Talent management refer to the process of development and maintaining the talent and human resource of the companies. It is the process of increasing the retention rate of the businesses and also in making different ways to increase the company overall talent with recruiting and selection to maintain the management of talent into the company. As per the view ofMcDonnell and et.al., (2017)it is important for companies to make the best use of their resources and the talent management of the organization in development of the business and overall growth of the business. Talent management of companies are focusing in making different ways in development of the retention rates by different strategies in increasing the process of development into the business for the firms. It requires a lot of ways in making the best use of process in making talent of the organization and help the human resource of the companies in development to better human resource for the Company. It helps in development of the work environment and also in making the best ways in development of the human resources
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and the talent of the employee to be increase by different training and development programme at workplace. Claus, (2019)suggested that the role of the human resource is to recruit and select the best candidates in company so that the work quality can develop and the people who are recruited can enhance the organization in development of the objectives and goals. It requires to have a process of human resource in which the best candidates should be hire which are suitable for the jobposition. Therole of talentmanagementand thehuman resourcesarevery interconnected as it will enhance the process of development in the business and the best candidates can help in development of the business and it also help the company in development of profitability and productivity. According to thePandita and Ray,(2018), talent management is the constant process that involves retaining and attracting high quality individuals or employees, developing of their capabilities and skills, and motivating them continuously to improve with their performance.It is being stated by the author that the primary purpose of talent management is to have and create a workforce which is being highly motivated and who will stay in the organisation for the longer run. Taylor, (2018)has stated that it is the anticipation of required human capital for the company and the planning which is being related to meet up those need.It is being stated that the purpose of talent management, is to identify, hold and recruit employees who are driving the success of the organisation. In other words, it can be understood as the process for looking forward employees of the company who understand that performance of the company depends upon the workforce.In simple words it is being defined as the methodically organised, process which is being strategic of getting the right talent on board and helping them to grow with their maximum capabilities with keeping in mind the objectives of the company. However, in contrastCollings,Mellahi, and Cascio,(2019) argued that a core drawback of talent management is. It can contribute in raising the dispute between the management and HR by not reaching to proper consensus and agreement. Theme 2- To study the role and effects of reward management by HR in managing talent in Marks and Spencer’s As per the view of theTafti, Mahmoudsalehi, and Amiri,(2017), Rewards play a huge role in management of talent. By making use of this strategy in Marks and Spencer’s, it has been
analysed that firm can motivate employees and also by this strategy used by Human resource, they can be able to lower down the mistakes and errors as workers work with more concentration when provided with rewards. It has also been evaluated that to be a top-performing organisation, an employer must attract and retain high-potential staff with a talent management strategy that is clearly aligned to the business’ objectives. It has analysed that the HR department needs to be included in rewarding the right person. They should be engaged in making sure that no person without adequate skills and qualities are rewarded. This will assist organisation in increasing the confidence level of workers and also the trust of workers on them will be increased. On the other hand, it is being stated that managing the talent effectively means being able to identify the wants and needs and build with the succession plans.Human resource of the company complies with the key data that helps with informing with talent management for example employee’s relations, performance reviews and exit interviews. It is being stated that working together, Human resource and talent management helps employees and individuals to develop within their career progress. However, it is being stated by theGlaister(2019), that the implementation of talent management program could be expensive in terms of resources, time and financial costs. It is being also stated that lack of support from line managers can impede with level of commitment from its employees. For motivating the employees, a detailed and right type of job description must be prepared. This will motivate workers as they will know about the skills which is required. It will also help them in managing talent as right person will be placed on the right position. They should also be involved in providing the employees not only with monetary reward but with non-monetary too. It will assist them in making sure that the performance of workers got increased. It will assist company in growing and also their operational efficiency can be increased because of this. It supports organisation in achieving set target and mission. Theme 3: analyse impact of performance management and work life balance on managing the talent. In accordance with Hughes, (2018) in company talent can be managed by making sure or motivating the workers to maintain their work life balanced. By this way they will not feel frustrated and also because of these employees will stay motivated. It will assist them in managing talent. It will also help the organisation in growing and also because of this they will be able to achieve set target as well as objectives. It has also been evaluated that the performance
also must be managed by the HR department so that the effective talent can be attracted and also they will be able to retain them. Mile stone 1: Research proposal Mile stone 2: Research project Timeline ActivityM1M2M3M4M5M6M7M8M9M10M11M12 Determining project aims and objectives Research questions Significance and rationale Identification of project risk and scope Literature review Research methodology Data record and collection Data analysis findings conclusion recommendation
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RESEARCH METHODOLOGY Research philosophy- It is the belief about the way in which data about the phenomenon has being gathered, used and analysed.Interpretivism research has assumed the access to the reality which is being only by the means of social construction such as consciousness, instruments, shared meaning and languages. Positivism research philosophy is related with quantitative research (Dougherty, Slevc and Grand, 2019).Pragmatics philosophy accepts the concepts to be relevant only if they support actions. Realism philosophy relies on the idea of independence of the reality from the human mind. For the present study, the interpretivism research philosophy will be used to evaluate qualitative data for understanding impact of talent management on human resource management. This will assist in integrating with the human element of the study. With the help of interpretivism philosophy, the researcher has been able to assume the access to the reality and achieve the aim and objectives of the present study on talent management. Data collection- It has been defined as the process of collecting, measuring and analysing with the accurate insights for research using standard techniques which are valid. Primary data collection is the process of gathering and collecting data by the means of surveys, experiment and interview. Secondary data collection refers to data which hasbeing collected by the individual other than the primary users (Clark and Vealé 2018). For addressing the research objectives and aims of this study, the data has being collected from both primary sources and secondary sources. The data collection for doing the primary research has been by the means of preparing questionnaire as for the present study it will help in gathering large amount of information from the respondents. It is cost effective and less time consuming. The data collection for doing secondary resources is being by the means of books, journal, article and websites. Researcher will make use of primary as well as secondary data. The secondary method of collection is being used for study as it has various benefits. This type of data is basically economical and it can help researcher in saving costs and expenses required for collection. This type of data collection method also saves time. It has also been analysed that the secondary method of data gathering assists in making primary data more specific. It also assists in enhancing the understanding of
problem. There are also various dis-advantages of the secondary method of data collection. The accuracy of secondary method is not known. There are also chances that data which is being collected or gathered are outdated in nature. It can happen that class boundaries of data should not be outdated in nature. Sampling- Process which has being used in the analysis of research in which the predetermined number of observation are being taken from a larger population. In Probability sampling random selection is being carried out. Non probability sampling refers to not all the members of the population has chance to participate in the study (Sharma, 2017). Random sampling method is being used to conduct the qualitative research as it is most straightforward and purest probability sampling. It has been used as it is cost effective and less time consuming to understand the impact of talent management on human resource management. Researcher will make use of primary as well as secondary data. In this 30 employees will be included. Data is being collected randomly from various authentic secondary sources. In this researcher has made sure to collect the high quality of data. Data analysis Process of cleaning, modelling and transforming data to discover that is useful for decision making. For analysing the data being collected from the survey, researcher has used thematic perception test technique (Munch, 2017). Thematic perception test analysis will be useful with the with the means of analysing, identifying and interpreting various patterns of meaning with the data which is being qualitative. The researcher in this closely examines the data to identify the common themes, that is ideas, topic that helps with understanding of impact of talent management. Research design:It is basically the overall strategy which is being used in order to carry out logical plan. There are two types of research design one is descriptive and the other one is exploratory. For the present research descriptive design will be used. It is being used so that the population can be described systematically. This design is being used in qualitative study and also it can assist research in connecting to ideas related to research topic. Research approach:It is the step by step guide which assists the researcher in getting to end results. There are two type of research one is inductive and the other deductive. In the present research inductive approach will be used. It is being used as in this type of research
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approach risk is accepted, no theory may emerge at all. This type of study is basically being used in qualitative study. It assists researcher in solving the research problem which is necessary. The other type of research approach is deductive in nature. This type of approach is used in quantitative and also the sources which are being used are abundant in nature. Research strategies:A Research Strategy is a step-by-step plan of action that gives direction to the thoughts and efforts. In this the researcher will make use of strategies such as questionnaire method and secondary sources like articles, journals. These will be used in order to get to end results and also it will assist in solving the research problem (Boaz and et.al., 2018). Limitations of research:There are various limitation of research such as time constraints. The time available for analysing the research problem and evaluating possible solution for it is really less. There is also no access to data as it was limited. Reliability and validity: The data is being collected from the reliable and authentic websites. In this research, researcher has made sure to gather the data from authentic secondary sources. Researcher will be involved in making sure that the material collected is not been imitated from any author. Relevant data bases will be selected for collection of the secondary sources. The sources that are collected will also be valid in nature. Ethical issues-In order to be in accordance with the ethical aspects of the research, the consent forms have been sent to the respondents who are being selected for the purpose of the survey. This in turn has helped in knowing willingness of participants in regards with the survey being conducted Further to this reference list will be added at the end of the proposal which will be support the structure of the proposal. Researcher will make sure that honesty and integrity is been followed throughout the research. They will be involved in making sure that objectivity is been maintained (Tobi and Kampen, 2018). Ethical code of conduct will be followed so that researcher can be able to get through end result. In this this they will also ensure that data protection and confidentiality is been maintained. This will assist them in increasing quality of research. Researcher will also be engaged in making sure that dignity and respect towards authors whose work is being cited will be maintained and followed in whole research.
REFERENCES Books and journals Cappelli, P. and Keller, J.R., 2017. The historical context of talent management.The Oxford handbook of talent management, pp.23-42. Clark, K.R. and Vealé, B.L., 2018. Strategies to enhance data collection and analysis in qualitative research.Radiologic Technology,89(5), pp.482CT-485CT. Claus, L., 2019. HR disruption—Time already to reinvent talent management.BRQ Business Research Quarterly.22(3). pp.207-215. Collings, D.G., Mellahi, K. and Cascio, W.F., 2019. Global talent management and performance in multinational enterprises: A multilevel perspective.Journal of Management.45(2). pp.540-566. Dougherty,M.R.,Slevc,L.R.andGrand,J.A.,2019.Makingresearchevaluationmore transparent:Aligningresearchphilosophy,institutionalvalues,and reporting.Perspectives on Psychological Science.14(3). pp.361-375. Glaister A., and et.al 2019 . HRM and performance—The role of talent management as a transmission mechanism in an emerging market context. Human Resource Management Journal. 2018 Jan.28(1):148-66. Khoreva, V., Vaiman, V. and Van Zalk, M., 2017. Talent management practice effectiveness: investigating employee perspective.Employee Relations. Krishnan, T.N. and Scullion, H., 2017. Talent management and dynamic view of talent in small and medium enterprises.Human Resource Management Review.27(3). pp.431-441. McDonnellandet.al.,2017.Talentmanagement:asystematicreviewandfuture prospects.European Journal of International Management.11(1). pp.86-128. Munch,E.,2017.Auser’sguidetotopologicaldataanalysis.JournalofLearning Analytics.4(2). pp.47-61. Pandita, D. and Ray, S., 2018. Talent management and employee engagement–a meta-analysis of their impact on talent retention.Industrial and Commercial Training. Reynolds, M., 2017.Organizing reflection. Routledge. Sharma, G., 2017. Pros and cons of different sampling techniques.International journal of applied research,3(7), pp.749-752. Tafti, M.M., Mahmoudsalehi, M. and Amiri, M., 2017. Critical success factors, challenges and obstacles in talent management.Industrial and Commercial Training. Taylor, S., 2018.Resourcing and talent management. Kogan Page Publishers. Hughes, C., 2018. The role of HRD in using diversity intelligence to enhance leadership skill developmentandtalentmanagementstrategy.AdvancesinDevelopingHuman Resources,20(3), pp.259-262. Borisova, O.N. and et.al., 2017. Talent management as an essential element in a corporate personnel development strategy.Academy of strategic management journal,16, p.31. Boaz, A. and et.al., 2018. How to engage stakeholders in research: design principles to support improvement.Health Research Policy and Systems,16(1), pp.1-9. Tobi, H. and Kampen, J.K., 2018. Research design: the methodology for interdisciplinary research framework.Quality & quantity,52(3), pp.1209-1225.
APPENDIX Research Ethics approval form Section 1: Basic details: Project title:To evaluate impact of talent management on human resource management in context to UK retail industry- A study on Marks and Spencer. Student name: Student ID number: Programme: College Name: Intended research start date: Intended research end date: Section 2 Project summary Please select all research methods that you plan to use as a part of your project: InterviewsYesNo QuestionnairesYesNo ObservationsYesNo Use of personal recordsYesNo Data AnalysisYesNo Action ResearchYesNo Focus GroupsYesNo Others (Please specify) : Section 3: Participants Please answer the following questions, giving full details where necessary.
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Will your research involve human participants? Yes Who are the participants? Tick all that apply: Ages 12-16:Young people aged: 17-18Adults: 18 years or above How will participants be recruited (identified an approached)? They have been recruited with the help of social media. Describe the processes you will use to inform participants about what you are doing: Emails were being sent to participants related to what will be done in research. How will you obtain consent from participants? Will this be written? How will it be made clear to participants that they may withdraw consent to participate at any time? Consent was being taken verbally. Studies involving questionnaires: will participants be given the option of omitting questions that do not wish to answer? YesNo If no please explain why below and ensure that you cover any ethical issues arising from this Studies involving observation: Confirm whether participants will be asked for their informed consent to be observed. YesNo Will you debrief participants at the end of their participation (i.e give them a brief explanation of the study)?
YesNo Will participants be given information about the findings of your study?(This could be a brief summary of your findings in general) YesNo Section 4: Data Storage and Security Confirm that all personal data will be stored and processed in compliance with the Data Protection Act (1998) YesNo Who will have access to the data and personal information? During the research: Only participants will be allowed to access the information. Where will the data be stored? On Google cloud. Will mobile devices such as USB storage and laptops be used YesNo If Yes, please provide further details: After the research: Where will the data be stored? How long will the data and records be kept for and in what format?
Will data be kept for use by other researchers? YesNo Section 5 : Ethical Issues Are there any particular features of your proposed work, which may raise ethical concerns? If so, please outline how you will deal with these: It is important that you demonstrate your awareness of potential risks that may arise because of your research.Please consider/address all issues that may apply. Ethical concerns may include, but are not limited to the following : Informed consent. Potentially vulnerable participants. Sensitive topics Risk to participants and /or researchers Confidentiality/anonymity Disclosures/ limits to confidentiality Data storage and security, both during and after the research (including transfer, sharing, encryption, protection). Reporting Dissemination and use of your findings. Section 6: Declaration I have read, understood and will abide by the institution’s Research and Ethics Policy: Yes No I have discussed the ethical issues relating to my research with my Unit Tutor: Yes No I confirm that to the best of my knowledge: The above information is correct, and this is a full description of the ethical issues that may arise in the course of my research Name:Date: Please submit your completed form to your supervisor and also attach to the Research Proposal when submitting to Turnitin.
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