Best Practices in Global Talent Management for Rolls-Royce Motor Cars

Research Project
(Best practices in global management
within multinational)
1

Executive Summary
Main aim of this project is to determine the best practices within global talent management
and their effect on business performance of multinational organisation. There are various
activities that have been completed by researcher in systematic manner. literature review has
been completed by using secondary sources that are articles, books etc. These sources helped
investigator in achievement of research objective successfully. There are various types of
methodologies used i.e. research philosophy, research approach, qualitative and quantitative,
interview and questionnaire etc. These methodologies helped in achievement of each objective
effectively. Frequency distribution analysis and thematic analysis are used for evaluating data
systematically. Thus, all this information helped in attainment of all objectives successfully.
2

Contents
Executive Summary.........................................................................................................................2
Introduction......................................................................................................................................4
Literature Review............................................................................................................................6
Methodology and Data Collection.................................................................................................10
Data analysis and interpretations...................................................................................................13
Research Outcomes.......................................................................................................................23
Covered in PPT..........................................................................................................................23
Conclusion and Recommendations................................................................................................23
Reflection & Recommendation of alternative research methodology...........................................24
REFERENCES..............................................................................................................................25
Appendix 1.....................................................................................................................................27
Questionnaire.............................................................................................................................27
Appendix 2.....................................................................................................................................29
Interview....................................................................................................................................29
Appendix 3.....................................................................................................................................30
Research Outcomes...................................................................................................................30
3

Introduction
Background of the study
Global talent management introduces to the use of human resource actions to retain
talented employees for longer time period (Kynighou, 2020). The present research report is
based on analysing the best practises that are part of global talent management strategy and it
overall impact on business performance of multinational organisations. This study is based on
making evaluation of the importance of basic understand of the global talent management
process and with this it will assist in ascertainment of the basic challenges that are faced by Rolls
Royce motor cars because of ineffective talent management practises.
Research aim & objectives
Research aim:
“To identify the best practices in global talent management and their impact on business
performance of multinational organisation. A study on Rolls-Royce Motor Cars London, United
Kingdom
Research Objectives
 To increase basic understanding about the conceptual framework of global talent
management.
 To explore best practices of global talent management for Rolls-Royce Motor Cars
London, United Kingdom
 To identify the importance of global talent management for Rolls-Royce Motor Cars in
improvement of its business performance.
 To ascertain the challenges faced by Rolls-Royce Motor Cars because of poor talent
management practices at global level.
Rationale for the research
The present research is based on identification of best practises for the purpose of global
talent management process. It is very important from professional perspective as it is going to
help in analysing the and evaluate the best practises that can help in the process of global talent
management process. From personal perspective this research is going to help in understanding
the various researching skills and identification of the importance of global talent management
4

strategies for improving overall business performance. This research is essential at personal and
professional way (Froese and et. al., 2020). Depending on personal level, present study help
researcher by improving their research skills i.e. data collection, presentation etc. These skills
helped researcher in completion of project successfully. At professional level, present research
facilitates in searching of HR job within automotive industry.
Research Questions
 What is the global talent management in context of multinational organisations?
 What are the best practices of global talent management for Rolls-Royce Motor Cars?
 How global talent management helps Rolls-Royce Motor Cars in improvement of its
business performance internationally.
 What are the biggest challenges faced by Rolls-Royce Motor Cars because of poor talent
management practices at global level?
5

Literature Review
What is the meaning or concept of global talent management in regards to multinational
organisations?
As per the view of Bachkirov (2020), Global Talent management is an art of attracting,
developing, retaining and motivating employees so that performance of business increased on
global scale. It is emerging and highly visible in management practices of Multinational
Companies. Global Talent management is responsible to maintain employment relationship and
reduce the conflicts with in Organisation. It is a part of Human resource management in a
Companies. Global talent management helps in attracting top talents by fulfilling their needs and
requirements. They focus on motivating workers for making them stay in Organisation. If staff
members are highly motivated and satisfy with their firm they give their best in achieving its
goals and objectives. The employees contribute their efforts in increasing growth and expanding
business in International Market. The global talent management attracts people by standing out
different from its Competitors. They also keep their focus on increasing brand image of
Company across business units and different regions.
According to the Bonneton, Festing and Muratbekova‐Touron (2020), for gaining the
attention of top talent and get an edge on Competitors Mostly Organisation put their emphasis on
Corporate social responsibility. In Multinational Companies many problems and issues arise as
they operate their business in different countries with varieties of culture. The Firm also faces a
problem of managing the needs of local as well as international market. So, Global talent
manager helps in meeting the local demand by maintaining HR Strategy and various approaches
of management. They also know how to maintain a balance between global and local needs of
Market. The Multinational Companies knows need of talent management process for increasing
its growth and productivity. Talent management is important for Organisation as it helps in
improving the performance of business by engaging skilled and motivating employees so that
they can satisfy customers and increases its performance.
As per view points of Селивановских (2020), In the emerging economies there is
sometimes shortage of skilled labour may be a significant problem for human resources activities
in case of established multinational corporations. It is also true tin case emerging economies and
new multinationals have to fill the leadership postilions. There is need to identify and developed
internal talent so that it can be beneficial for development of a talented workforce so that
6

employees are able to adapt as pre requirements of changing situation and fit into global roles.
All such aspects are motivating various multinational organisation for the purpose of creating
effective talent management programs for development and nurturing of their future leaders. The
main aim of the talent management process is to maximize the potential of present
What are some effective practices of global talent management for Rolls-Royce Motor Cars?
According to the Metcalfe, Makarem and Afiouni (2020), there are some best practices of
Global Talent management that are useful for Rolls Royce Motor Cars. These are outlined
below-
Provide professional development opportunities: Rolls Royce must identify the
professional gap of their employees so that they can increase their skills and knowledge which
helps in developing the career. The talent manager must ensure that all workers must understand
goals and objectives of Rolls Royce so that they can contribute their best in accomplishing with
their skills and knowledge.
Set clear expectations and align organisational goals: It is the responsibility of global
talent management to explain the roles and responsibility of employees in Organisation.
Selivanovskikh (2020) states that company should know the duties which they need to perform
in their work. The staff members must know how they can fit and contribute in Rolls Royce.
Go Beyond Regular Performance Appraisals: With the help of regular performance
appraisal, global talent management team can assess the past achievements of employees,
ongoing challenges and development changes required in their performance. Global talent
management must increase the performance of workers by providing coaching, mentoring and
support.
Measure and Improve Talent Management with Analytics: Rolls Royce must use
latest technology to reduce their time and efforts in managing human resource at global level
(Chung, Brewster and Bozkurt, 2020). They should leverage on latest technology record the data
of human resource.
What are the advantages of talent management for Rolls-Royce Motor Cars in enhancement of
its business performance internationally?
According to the Dayel, Debrah and Mulyata (2020), Global Talent management increases
the performance internationally by attracting large number of talent who can contribute their best
in increasing productivity and accomplishing the strategic objective of Rolls Royce. Workers are
7

hired on the basis of skills and knowledge according to different regions and countries. Each
Country have different languages and cultures which can affect the performance of business but
global talent management helps in hiring right person according to the culture of Country. Liu
and et. al., (2020) states that the Talent management helps in maintaining strong relationship
with employees by focusing on their professional abilities so that their skills and knowledge can
be improved.
According to the George, Li and Hou (2020), Rolls Royce improves their business
performance internationally by identifying the activities which could help in making business
successful. The global talent management maintain global database as Rolls Royce have
scattered business around globe. These data monitors the career development of many employees
in different countries. For improving the business performance, Rolls Royce must value their
workers and treat them important assets as they are the one who can make Company's
performance and productivity increased.
What are the major challenges faced by Rolls-Royce Motor Cars due to poor talent management
practices at global level?
As per the view presented by Echelon (2020), Because of poor talent management
practices at global level, Rolls Royce faces many problems such as ineffective leadership, poor
hiring strategies, inexperience of technology, employee turnover, unappealing working cultures
and many other. Due to poor talent management practices, the hiring strategies of Company get
wrong they face difficulty in attracting right talent through which Company faces consequences
of reduction in its profit margin. According to the Yusoff and et. al., (2020), Due to the poor
staffing management plan, Rolls Royce face challenges with rest of the talent management
process. As business of Rolls Royce is scattered in different Countries with different cultures
through which business don't understand where to start with hiring process.
As per the opinion of Kasahara (2021), The Company face challenges due to improper
sourcing of employees and way to attract right talent. The poor talent management practices at
global scale also faces a problem of Technology as they have not use application tracking
system, accounting software and payroll. These software helps business in saving time and
focusing on growing their Organisation with effective and efficient way. Talent management
develops the performance of employees and retain them as it assists in increasing the efficiency
8