Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 P1 Formulate objectives and aims associated with a project on the selected topic....................1 P2 Formulate a project management plan which include time, cost, scope, communication, quality, risk and other aspects.....................................................................................................2 P3FormulateaWBSandGanttcharttospecifyguidelinesandtimelineforproject completion...................................................................................................................................2 TASK 2............................................................................................................................................5 P4 Perform a small scale research by using quantitative and qualitative research technique to achieve aims and objectives of project........................................................................................5 TASK 3............................................................................................................................................8 P5 Evaluate data and research using appropriate techniques and tools......................................8 P6 Suggest appropriate recommendations according to the result gained by data analysis and research to gain valid conclusion..............................................................................................14 TASK 4..........................................................................................................................................15 P7 Reflection on values of performing research to achieve desired objectives and own performance and learning throughout project..........................................................................15 CONCLUSION..............................................................................................................................15 REFERENCES.............................................................................................................................16
TITLE:To identify efficient talent management strategies within hospitality industry. A study on Holiday Inn. INTRODUCTION Talent is the ability of a person to perform an activity or work in a unique and comfortable manner so that expected outcomes can be achieved appropriately. Managing talent in service industry is a complex task due to its diverse nature(Alferaih, Sarwar and Eid, 2018). In order to work on this research project, considered organisation is Holiday Inn. It is a UK owned hospitality firm which is a subsidiary of Intercontinental hotel groups. This hotel provide their services in mainly Middle East, America, Europe, Asia Pacific, Africa etc. This hospitality organisation is successfully operating at more than 1,100 locations(Deery and Jago, 2015). This assignment will emphasise on developing suitable aims and objectives for the project.Also, a projectmanagementplanwill be formulatedso thatprojectactivitiescan beperformed appropriately. Also, research methodologies and research analysis will be carried out to draw an appropriate conclusion. TASK 1 P1 Formulate objectives and aims associated with a project on the selected topic Title of research Efficient talent management strategies within hospitality industry. A study on Holiday Inn. Research Aim To carry out study on effective talent-management-strategies and their influence on performance of employees working in hospitality sector. A case study on Holiday Inn. Research objectives ï‚·To gather information associated with talent management strategies within hospitality industry. ï‚·To acknowledge the influence of talent management strategies on working performance of staff in Holiday Inn.ï‚·TodeterminetheproblemsfacedbyHolidayInn whileimplementationoftalent management strategies. 1
Research questions ï‚·What are the potential talent management strategies within hospitality industry. ï‚·What is the influence of talent management strategies on working performance of staff in Holiday Inn ? ï‚·What are the problems faced by Holiday Inn while implementation of talent management strategies? P2 Formulate a project management plan which include time, cost, scope, communication, quality, risk and other aspects Project management plan is a document that will cover all the important information about a project at a single place. By this, managing all the work will be easier for manager in an organisation. ï‚·Time:Company needs a time of 3 months to work on this project. Researcher requires 4 weeks to accomplish this research. ï‚·Cost:Manager in Holiday Inn has decided to complete this project under 10,000 pounds. Researcher requires 200 pounds to finish the research. ï‚·Scope:In case of Holiday Inn's project, scope is very high as talent management will help the company in retaining their workforce for maximum time. From researcher's perspective, scope is wide as researcher will learn new concepts and knowledge(Bruni, Cassia and Magno, 2017). ï‚·Communication:Projectmanagercancommunicatewithprojectmembersand stakeholders the help of tools like web conferencing, voice call, e-mail, video call etc. Researcher can communicate via internet, mobile, face to face, SMS etc. ï‚·Risk:For project, main risks are associated with lack of technology, capital and shortage of time. Researcher can face issues related to money, time mismanagement, lack of internet etc. These risks can reduce the overall effectiveness of research and project in considerable manner. ï‚·Quality:To maintain quality of project, skilled employees will be selected as project manager. In case of research, quality will be managed with the help of qualitative and quantitative research approaches(Elbaz and Haddoud, 2017). 2
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P3 Formulate a WBS and Gantt chart to specify guidelines and timeline for project completion WBS:Work break down structure is tool which helps in bifurcating the large project into small chunks so that different activities of project can be performed in an efficient manner. By using WBS, project manager will be able to perform activities of project according to their priority status(Sainaghi, Phillips and Zavarrone, 2017). 3 Talent management strategies IntroductionLO1 Aim Objectives Project Management Plan Cost Scope Time Quality Communication Risk Resources LO2 Conduct Small Scale Research Research Methodology Quantitative Method Qualitative Method Data Collection Method Sampling Method Data Analysis Method LO3 Findings and Analysis Conclusion and RecommendationsLO4 Reflective Statement References Books Journal Articles Professional and Organisational Report
Gantt chart:It is defined as pictorial description of project activities on the basis of time. This is a chart which helps in denoting project activities according to the time frame. By this, project manager will be able to acknowledge about those activities which are time consuming and which can be performed later own. This chart will help the project manager in Holiday Inn to perform project operations in effective manner(Ganguli and Ebrahim, 2017). 4
TASK 2 P4 Perform a small scale research by using quantitative and qualitative research technique to achieve aims and objectives of project Research methodology is a tactics to process, analyse, identify, select and evaluate information of a specific topic in detailed manner. In a research, methodology section benefits the researcher in reading and evaluating overall reliability of the research(Sirkova, Taha and Ferencova, 2016). This has two approaches which are stated below: ï‚·Qualitative research:This approach of research do not include any calculations, numbersor mathematical formulae. This research is based in words and textual information(Hua,2016). This kind of research helps in getting in-depth information aboutatopic.Sourcesassociatedwiththisresearchapproacharefocusgroups, interviews, post cards etc. ï‚·Quantitative research:In this approach of research, data which is created or gathered is always numerical. To analyse collected data, statistical and mathematical methods are used. This approach is not suitable to gain in-depth information about a topic. Sources of this approach are secondary data, observation and survey. ï‚·Primary research:Main purpose behind this research is to answer questions and collect information which is not gathered by any researcher before. This research is time consumingandcostconsuming.Mainsourcestocollectprimarydataisthrough questionnaire, surveys, observations etc. ï‚·Secondary research:Major purpose of conducting this research is to collect those information which is already gathered and used for some activity. This research is not time consuming. Data in this research can be concluded with the help of Internet, books, magazines, Journals(Ladkin and Kichuk, 2017). 5
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In order to work on this project, primary data collection has been collected with the help ofquestionnaireandinordertocollectsecondarydata,internetandbooksareused. Questionnaire formed by researcher will be filled by 50 respondents on random basis. These respondents are employees and customers of Holiday Inn. Response of these people will be considered as response of entire population. Questionnaire Quantitative questions Q1. Do you have knowledge regarding talent management strategies? ï‚·Yesï‚·No Q2.Whatwillbethemajorbenefitsoftalentmanagementpoliciesforabusiness organisation? ï‚·Appropriate relationship with workforce ï‚·High consumer satisfactionï‚·Maintaining quality of services and products Q3. Do you think workforce in Holiday Inn is satisfied with current talent management strategies? ï‚·Yesï‚·No Q4. Which is the best strategy for maintaining productive talent within holiday inn? ï‚·Systematic Recruitment ï‚·Regular training for workforceï‚·Benefits and rewards to employees Q5. What is potential influence of talent management strategies on performance of workers in Holiday inn? ï‚·Positiveï‚·Negative Q6. Which issues will be faced by Holiday Inn in planning and implementing talent management policies? ï‚·Lack of employee's support 6
ï‚·Improper managementï‚·Conflicts among staff members Q7. Do you believe that overall performance of Holiday Inn will get improved with managing talent? ï‚·Yesï‚·No Qualitative questions Q1. Mention some changes to properly implement talent management policies ? Q2. Which individuals are benefited with appropriate talent management at Holiday inn? Q3. Recommend measures by which talent management can be properly managed within business organisation? Q1.Doyouhaveknowledgeregardingtalentmanagement strategies? Frequency ï‚·Yes40 ï‚·No10 Q2. What will be the major benefits of talent management policies for a business organisation? Frequency ï‚·Appropriate relationship with workforce20 ï‚·High consumer satisfaction20 ï‚·Maintaining quality of services and products10 Q3. Do you think workforce in Holiday Inn is satisfied with current talent management strategies? Frequency ï‚·Yes42 ï‚·No8 Q4. Which isthe best strategy for maintaining productive talentFrequency 7
within holiday inn? ï‚·Systematic Recruitment15 ï‚·Regular training for workforce15 ï‚·Benefits and rewards to employees20 Q5. What is potential influence of talent management strategies on performance of workers in Holiday inn? Frequency ï‚·Positive45 ï‚·Negative5 Q6. Which issues will be faced by Holiday Inn in planning and implementing talent management policies? Frequency ï‚·Lack of employee's support10 ï‚·Improper management25 ï‚·Conflicts among staff members15 Q7. Do you believe that overall performance of Holiday Inn will get improved with managing talent? Frequency ï‚·Yes35 ï‚·No15 Qualitative questions Q1. Mention some changes to properly implement talent management policies ? Q2. Which individuals are benefited with appropriate talent management at Holiday inn? Q3. Recommend measures by which talent management can be properly managed within business organisation? 8
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TASK 3 P5 Evaluate data and research using appropriate techniques and tools Data analysis is a procedure to analyse, model and clean data so that appropriate results can be gained and business decision making can be carried out efficiently. In order to collect data for this research, Thematic analysis technique is used(Vellas, 2016). Theme 1:Information regarding talent management strategies Q1.Doyouhaveknowledgeregardingtalentmanagement strategies? Frequency ï‚·Yes40 ï‚·No10 Interpretation:From total of 50 people, 40 individual agrees that they have listened the term talent management strategies whereas other 10 people do not have any idea about it. 9 40 10 Yes No
Theme 2:Major benefits of talent management policies for a business organisation Q2. What will be the major benefits of talent management policies for a business organisation? Frequency ï‚·Appropriate relationship with workforce20 ï‚·High consumer satisfaction20 ï‚·Maintaining quality of services and products10 Interpretation:As per this picture, out of 50 people, 20 people feels that main benefit of talent management strategies is appropriate relation with employees. 20 person feels it will leads to high satisfaction among customers. Other 10 people think it will leads to maintaining quality of product or service. Theme 3:Workforce in Holiday Inn is satisfied with current talent management strategies Q3. Do you think workforce in Holiday Inn is satisfied with current talent management strategies? Frequency ï‚·Yes42 ï‚·No8 10 20 20 10 Appropriate relationship with workforce High consumer satisfaction Maintaining quality of services and products
Interpretation:This graph denote that from total of 50 individuals, 42 person states that employees in Holiday Inn are satisfied with current talent-management-strategies whereas other 8 people do not agree with this fact. Theme 4:Best strategy for maintaining productive talent within holiday inn Q4. Which isthe best strategy for maintaining productive talent within holiday inn? Frequency ï‚·Systematic Recruitment15 ï‚·Regular training for workforce15 ï‚·Benefits and rewards to employees20 Interpretation:Out of 50 person, 15 individual feel best strategy to manage productive talent is systematic recruitment of workers. Other 15 people feels that best strategy is regular workforce training. Other people feel that it is providing reward and benefits to workers. 11 15 15 20 Systematic Recruitment Regular training for workforce Benefits and rewards to employees
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Theme 5: Influence of talent management strategies on performance in Holiday inn Q5. What is potential influence of talent management strategies on performance of workers in Holiday inn? Frequency ï‚·Positive45 ï‚·Negative5 Interpretation:This pie graph picture shows that from total of 50 respondents, 45 people feel that talent-management-strategies posses positive impact on Holiday inn's performance. Other 5 people do not agrees with this fact. Theme 6:Issues faced by Holiday Inn in planning and implementing talent management policies Q6. Which issues will be faced by Holiday Inn in planning and implementing talent management policies? Frequency 12 45 5 Positive Negative
ï‚·Lack of employee's support10 ï‚·Improper management25 ï‚·Conflicts among staff members15 Interpretation:This picture states that from 50 person, 10 person feel lack of workforce support is the biggest barrier in implementation of talent-management-strategies. Other 25 people think it will be due to improper management of company and 15 people think it is due to conflict among employees. Theme 7: Overall performance of Holiday Inn will get improved with managing talent Q7. Do you believe that overall performance of Holiday Inn will get improved with managing talent? Frequency ï‚·Yes35 ï‚·No15 13 10 25 15 Lack of employee's support Improper management Conflicts among staff members
Interpretation:This picture states that 35 people out of 50 individuals feel that by managing of talent overall performance of Holiday Inn will be improved. Other 15 people do not feel that talent management leads to performance improvement. Qualitative questions Q1. Mention some changes to properly implement talent management policies ? Answer:To implement talent-management-policies, manager of company is needed to give regular training to employees. Also, good relationship between employers and employees is needed. Q2. Which individuals are benefited with appropriate talent management at Holiday inn? Answer:Propermanagementoftalentwillmainlyimpactemployees,stakeholdersand customers of company. Also, overall performance of firm will improve. Q3. Recommend measures by which talent management can be properly managed within business organisation? Answer:By providing rewards and benefits, regular training, compensation to employees, appropriate recruitment etc. are some measures through which talent management can be carried out properly. 14 35 15 Yes No
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P6 Suggest appropriate recommendations according to the result gained by data analysis and research to gain valid conclusion Some recommendations which can be suggested to the manager of Holiday Inn in context with appropriate talent management are stated below: ï‚·Manager of company is recommended to adopt right policies for recruitment and selected so that talent management can be carried out efficiently(Madera and et. al., 2017). ï‚·Holiday Inn is recommended to provide training to their workforce on regular basis so that their talent can be maintained efficiently. TASK 4 P7Reflectiononvaluesofperformingresearchtoachievedesiredobjectivesandown performance and learning throughout project Byworkingonthisresearch,Iamabletoacknowledgeandgatherappropriate information of carrying out talent management activities. This helps me in knowing activities that can hamper overall performance of company. Also, this project benefits me in improving my communication skills due to which I am able to execute my organisational work in desired manner. Also, while working in a firm as manager I am going to provide rewards and benefits to the workers. This will help me in managing their talent appropriately. This study helps me in understanding the right and systematic way to perform work. While working on this research, I have faced issues related with time management and lack of money. To overcome the issue of time, I have formulated time table and to solve the query about money, I have taken help of my family and friends. CONCLUSION According to the above performed research, this can be stated that to attain maximised results, managing a project in successful manner is essential for an organisation. With the help of project management plan, activities of project can be fulfilled on time. Data analysis will help in analysing collected information in proper manner so that valid conclusion can be achieved. With the help of questionnaire, opinion of respondents can be acknowledged in a proper manner. 15
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REFERENCES Books and Journals Alferaih, A., Sarwar, S. and Eid, A., 2018, August. Talent turnover and retention research: The case of tourism sector organisations in Saudi Arabia. InEvidence-based HRM: a Global Forum for Empirical Scholarship(Vol. 6, No. 2, pp. 166-186). Emerald Publishing Limited. Bruni, A., Cassia, F. and Magno, F., 2017. Marketing performance measurement in hotels, travel agenciesandtouroperators:astudyofcurrentpractices.CurrentIssuesin Tourism,20(4), pp.339-345. Deery, M. and Jago, L., 2015. Revisiting talent management, work-life balance and retention strategies.InternationalJournalofContemporaryHospitalityManagement.27(3). pp.453-472. Dmitrieva, N. V. And et. al., 2015. Scientific and theoretical aspects of the staff recruitment organization within the concept of" Talent Management".Asian Social Science.11(3). p.358. Elbaz, A. M. and Haddoud, M. Y., 2017. The role of wisdom leadership in increasing job performance: Evidence from the Egyptian tourism sector.Tourism management,63, pp.66-76. Ganguli, S. and Ebrahim, A. H., 2017. A qualitative analysis of Singapore's medical tourism competitiveness.Tourism Management Perspectives,21, pp.74-84. Guan, X. H. and Huan, T. C., 2019. Talent management for the proactive behavior of tour guides.International Journal of Contemporary Hospitality Management. Hua, N., 2016. E-commerce performance in hospitality and tourism.International Journal of Contemporary Hospitality Management,28(9), pp.2052-2079. Ladkin, A. and Kichuk, A., 2017. Career progression in hospitality and tourism settings. Lopes, S. A. And et. al., 2015. A new approach to talent management in law firms: Integrating performance appraisal and assessment center data.International Journal of Productivity and Performance Management,64(4), pp.523-543. Madera, J. M. and et. al., 2017. Strategic human resources management research in hospitality and tourism: A review of current literature and suggestions for the future.International Journal of Contemporary Hospitality Management,29(1), pp.48-67. Sainaghi, R., Phillips, P. and Zavarrone, E., 2017. Performance measurement in tourism firms: A content analytical meta-approach.Tourism Management,59, pp.36-56. Shulga, L. V. and Busser, J. A., 2019. Talent management meta review: a validity network schema approach.International Journal of Contemporary Hospitality Management. Singh, A., 2019. The Impact of Talent Management on Organisational Performance in Private Service Sector.ITIHAS-The Journal of Indian Management.9(1). Sirkova, M., Taha, V. A. and Ferencova, M., 2016. Management of hr processes in the specific contexts of selected area.Polish Journal of Management Studies,13(2), pp.142-152. Vellas, F., 2016.The international marketing of travel and tourism: A strategic approach. Macmillan International Higher Education. 17