Talent Management Strategies and their Significance in Making Business Successful

This research aims to examine the talent management strategies and their significance in making a business successful, specifically focusing on ALDI. The objectives include understanding the concept of talent management, articulating different strategies and their importance, identifying challenges faced by ALDI in talent management, and determining measures adopted by ALDI to overcome these challenges. The research questions explore the definition of talent management, the importance of strategies in ALDI's success, challenges faced by ALDI, and measures taken by the company. The findings will be communicated to stakeholders through emails and telephone.

Research Project
RESEARCH OUTCOMES

Research Aim
 The aim of this research is ““To examine the talent management
strategies and their significance in making business successful.” A
study on ALDI.

Research Objectives
 To understand the concept of talent management in context
to business.
 To articulate the different talent management strategies and
their importance in making the ALDI business successful.
 To determine the various challenges faced through ALDI
organization in managing talent at workplace.
 To identify the different measures ALDI adopted to overcome from
the challenges faced by company regarding talent management.

Research Questions
 What is talent management in context to business?
 What are the various talent management strategies and their
importance in making the ALDI business successful?
 Which various challenges are faced through ALDI
organisation in managing talent at workplace.
 What are the various measures ALDI adopted to overcome from the
challenges faced by company regarding talent management?

Findings to Stakeholders
People and companies which have impact on research projects and also
communicate the outcomes of research projects to stakeholders which
are involved in research. In conducting an investigation, there are large
number of the stakeholders involved such as researchers, customers,
business administrators and many others. For do the analysis, an
investigator should be certain that results which will be shared to the
involved stakeholders on various talent management in making the
business successful. To communicate the findings with stakeholders,
researcher use the emails and telephone.

Outcomes
Q1) Are you aware about the talent management in context to
the business organization?
Frequency
a) Yes 47
b) No 3
a) Yes b) No
0
5
10
15
20
25
30
35
40
45
50 47
3

Continue…
Q2) As per your opinion, does talent management strategies
are helpful in improving the employee performance?
Frequency
a) Yes 38
b) No 12
a) Yes b) No
0
5
10
15
20
25
30
35
40 38
12

Continue…
Q3) What are the benefits of talent management to the company? Frequency
a) Employee development 20
b) Improve employee experience 20
c) Sustain talented employees 10
a) Employee
development
b) Improve employee
experience
c) Sustain talented
employees
0
5
10
15
20
25
20 20
10

Conclusion
On the basis of above given assignment, it is assessing that talent administration
is useful in order to attract, engage, improve and also retain individual person
with capability to meet present and future need of organization. In addition to
this, the talent administration is determined as a business strategy that required
to be integrated with subordinate that is connected to process of organization.

Recommendations
• It can be recommended to HR manager of organization so that they
can bring innovative culture in respect of compensation of subordinates that
helps in motivating subordinate and also reducing turnover rate of
subordinate.
• It can also recommend to HR of organization to provide effective
training to its subordinate in order to retain them for a longer period of time.

References
 Alsawalhah, A. A., 2020. Talent Management Strategy and its
Impact on Employee’s Development: An Empirical Study on
Jordanian Pharmaceutical Companies. Modern Applied Science.
14(5).
 Altememi, A. F. and Almashhadain, A. H., 2020. The most
motivating work characteristics of employees and their impact on
talent management strategy. Journal of Administration and
Economics, (123).

THANK YOU