Importance of Talent Management Strategies in Organisational Growth

Research Project

Executive Summary
Talent management plays vital role in an organisation as it assist business entity to attract
and retain talent at workplace. For this, talent-management strategies is adopt by companies that
is higher compensation, development of employee benefit policies and many more. The present
study is conducted on Morrison’s which is a supermarket chain of UK. In addition to this, it is
stated that issues faced due to ineffective talent-management is increase in employee turnover
rate, demand of high compensation and many more.

Table of Contents
Executive Summary.........................................................................................................................2
INTRODUCTION...........................................................................................................................4
Background of the topic:........................................................................................................4
Background of the company...................................................................................................4
Rationale for the research.......................................................................................................4
Research aim:.........................................................................................................................5
Research Objectives...............................................................................................................5
Research Questions................................................................................................................5
Literature Review.............................................................................................................................6
Concept of talent management in organisational context.......................................................6
Challenges faced by organisation due to the ineffective talent management.........................6
Talent management strategies used via Morrison’s for retention of talent within working
premises..................................................................................................................................7
Benefits Morrison’s can attain from management of talent within the organisation.............7
Role of talent management strategies in enhancement of organisational growth..................8
Methodology and Data collection....................................................................................................9
Data analysis and Interpretation.....................................................................................................13
Research Outcomes........................................................................................................................22
Reflection and recommendation for alternative research methodology........................................23
Conclusion and Recommendations................................................................................................24
Recommendations................................................................................................................24
REFERENCES..............................................................................................................................26

INTRODUCTION
Background of the topic:
Talent management is defined as constant procedure which include acquiring, attracting
as well as retaining talented employees, constantly motivating the, enhancing their skills to
enhance their performance. In addition to this, the main objective of talent-management is to
developed a motivated staff members that will stay in organisation for longer time. In order to
attract talent, companies make use of talent-management strategies such as high compensation to
employees, training and development, employee satisfaction and many more.
For conducting the research, Morrison’s London UK is taken into consideration. It is a
fourth largest supermarket chain in UK that is established in year 1899. The company has more
than 494 stores which shows it has high market presence and share as well. The report will cover
aims and objectives associated to investigation. In addition to this, research methods used for
conducting the study and analysis and interpretation of data is elaborated. In the last, reflection
and alternative methodology associated to present investigation will be explained in a proper
manner.
Background of the company
Morrisons is one of the fourth largest supermarket chain in UK, which was founded in
year 1899. The company has more than stores globally which directly shows Morrison’s has high
market presence and share as well. In addition to this, Morrison’s has around 110,000 staff
members that assist in enhancing performance of the company . The company at present focus on
retaining and attracting talent in organisation in order to maintain its performance in the present
time of COVID-19. Moreover, the higher authorities of Morrison’s used talent-management
strategies and effectively implement it. The study aims to analyse importance of talent-
management strategies that help in growth and enhancement of organisation in an effective
manner.
Rationale for the research
The main purpose of conducting this research is to analyse the importance of talent
management strategies in growth and success of an organisation. In addition to this, the main
reason for choosing this topic of study is it assist in attainment of dual perspective that is
professional as well as personal. In professional context, it will assist in giving effective access

of human resource jobs in various organisation. Along with this, it also aid in growth of
professional career where investigator is able to work on its personality and also resolve issues
related to employees. In respect of personal perspective, it aid in gaining benefits such as
improving communication skills, time management, data analysis and many more.
Research aim:
“To examine significance of distinct talent management strategies within enhancement of
organisational growth”. A study on Morrison’s London UK.
Research Objectives
 To inspect concept of talent management in organisational context
 To examine challenges faced by organisation due to the ineffective talent management
 To determine distinct talent management strategies used via Morrison’s for retention of
talent within working premises
 To identify benefits Morrison’s can attain from management of talent within the
organisation
 To identify the role of talent management strategies in enhancement of organisational
growth
Research Questions
 What is concept of talent management in organisational context?
 What challenges are faced by organisation due to the ineffective talent management?
 What are distinct talent management strategies used via Morrison’s for retention of talent
within working premises
 What benefits Morrison’s can attain from management of talent within the organisation?
 What is the role of talent management strategies in enhancement of organisational
growth?

Literature Review
Concept of talent management in organisational context
As per the view point of Ashley Brooks(2019), It is stated that talent-management is the
strategic deployment of human resources to assist in reaching organisational objectives,
particularly by developing, retaining and hiring the best workforce. In addition to this, it is also
referred as finding the best person to fill vacant job opening effectively and properly. It is
determine that talent-management emphasis on reviewing performance of employees, training
and on boarding and analysis of advancement opportunities (Krebs, Marius and Kabst, 2017)
Moreover, it is determine that talent-management is an important part of healthy organisation
environment on many levels. It also works to keep current staff members and also advance them
towards higher position. It save funds of company which could otherwise take place due to high
employee turnover. All this will lead to increase in performance as well as profitability in an
organisation.
Challenges faced by organisation due to the ineffective talent management
According to Andre, (2016), it is analysed that companies faced a lot of challenges
because of ineffective talent management. One of the challenge is encouraging passion as highly
talented staff members believe that they are worth more than the present. Another issue is
embracing new interest, it is analysed that re-imagining is driven by the changing needs,
behaviour and nature of recruiters mainly digital natives. They prefer to make use of new
technology and learn them rapidly. In addition to this, another issue is giving impressive salaries
to employees as in the present time, employees are not satisfied with their salaries and focus on
jobs which provide high salary (Rožman and Tominc, 2018). This raise employee turnover rate
of organisation and negatively influence on the overall performance . Providing training and
development session is also the issue faced by organisation due to ineffective talent-management
as sometimes companies are not able to timely and properly provide training to staff members.
Apart from this, there are also other issues as well as challenges associated to the managing
talent such as ineffective leadership, inexperience with technology, poor hiring strategies and
many more. All these issues affect on the probability and performance level in an adverse
manner.