Table of Contents Title:................................................................................................................................................1 INTRODUCTION..........................................................................................................................1 TASK 1............................................................................................................................................1 1.1 Project title............................................................................................................................1 1.2 Project aims and objective....................................................................................................1 1.3 Project management plan......................................................................................................2 1.4 WBS and Gantt chart...........................................................................................................3 1.5 Research methodology..........................................................................................................5 ACTIVITY 2...................................................................................................................................6 2.1 Secondary research or Literature review...............................................................................6 2.2 Primary Empirical research...................................................................................................7 2.3 Validity and reliability of research method..........................................................................8 ACTIVITY 3....................................................................................................................................9 This activity is covered in PPT...................................................................................................9 ACTIVITY 4....................................................................................................................................9 4.1 Reflection on value of undertaking of research....................................................................9 4.2 Reflection on own learning and performance......................................................................9 CONCLUSION................................................................................................................................9 REFERENCES.............................................................................................................................11 .......................................................................................................................................................12
Title: “Todeterminevariouseffectivetalentmanagementstrategieswithinahospitality organisation.” a study conducted on Red carnation hotel London. INTRODUCTION Talent management is a crucial and systematic process that includes identifying the vacant position together with hiring suitable person and developing desired skills and expertise in them along with retaining these employees for a longer term benefits and achieving goals. In an hospitality or service industry talent management is something that makes an organisation better and superior than its competitors(Stylos and Zwiegelaar, 2019). Thus, to evaluate various aspects and advantage of talent management a research project is conducted on Red carnation hotel which is situated in London, UK. The following assignment includes a project aim, objectives and times frame together with small scale research and evaluation of findings. Beside this for presentation of findings together with recommendation and reflection are also included in this research project. TASK 1 1.1 Project title The tile of this research project is“To determine various effective talent management strategies within a hospitality organisation.” a study conducted on Red carnation hotel London. 1.2 Project aims and objective The competition level in hospitality sector is increasing together with continuous changes in the business environment which has increased the emphasis of business organisation on talent management(Clark,2019).Thusthemainaimofthisresearchis,“Toevaluateand determining the various strategies that are necessary for effective management of talent within an organisation.” a case study on Red carnation hotel. Objectives The objectives of this research project conducted on Red carnation hotel are: To study the concept of talent management. To determine the various effective talent management strategies within a hospitality organisation. 1
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ď‚·To evaluate the different advantages lead by effective talent management within the working environment of Red carnation hotel(Zheng and Tsai, 2019). Question tag ď‚·What do you understand by concept of talent management? ď‚·Whatarethevariouseffectivetalentmanagementstrategieswithinahospitality organisation? ď‚·What possible advantages are lead by effective talent management within the working environment of Red carnation hotel? 1.3 Project management plan It is a written document that provides in depth knowledge and information about the whole planing made for conducting a research project thus provides a guidance and direction for achievement of research objectives on timer(Nieves and Osorio, 2019). Following are the important elements on which planning and emphasis is made while conducting this research: Scope- The scope of this research is associated with developing a better understanding about talent management and investigate about the strategies that are effective in management of talents within an organisation. The scope of this investigation are high talent management is becoming a essential part of hospitality industry thus, knowledge about this concept yield better opportunity in future. Risk-This factor of project management plan is related with all the possible threats and challenges that can be faced during the research and created obstacles and hindrance. The possiblerisk associatedwith researchareassociatedwith insufficienttimeand financial resources(Ozturk and Karatepe, 2019). Duration- It represent the time period required for completion of a research to meet its target. The expected time duration required for this research project is 9 weeks. Cost- This element is associated with the expenses made while conducting a research on procurement and use of various resources and aspects of research. The estimated budget for this research is provided below: Forecasted Budget: ParticularsAmount Technological expensesÂŁ150 2
Marketing expensesÂŁ120 Administration expensesÂŁ100 Other expensesÂŁ80 TotalÂŁ 450 Quality- This aspect is associated with the reliability and viability of gathered data (Volgger and Huang, 2019). Use of various effective research methodology together with statisticaltoolsanddatacollectionsourcesaremadetomaintaintheauthenticityand trustworthiness of opinion and data collected for this research. Resources- It represent or indicate the range of assets that are to be used for conducting a research in an effective moaner to meet the desired objectives. The various resources, assets and techniques used for this research consists financial or monetary resources, human resources, technical resources and other statistical tools and techniques. 1.4 WBS and Gantt chart Use of below stated project management tools are made to have effective planning about stages for completion and meets overall time frames: WBS- Use of following work break down structure are made for this project to properly divide the work among various teams to reduce the chances of confusion and meet the objects of research on time(Newburry, Deephouse and Gardberg, 2019). 3
Gantt chart- It is tool that provides a graphical or diagrammatic presentation of whole research work to have clarity in working(Karadas and Karatepe, 2019). Use of following Gantt chart are made for this research provides stages of completion of various task to ensure the achievement of targets and objectives of this research on time. ACTIVITESWEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 WEEK 6 WEEK 7 WEEK 8 WEEK 9 Submission ofresearch proposal Complete background information for research project Collect secondary sourcesof information for research project Completeresearch methodologyand collectprimaryand secondarysources of information Complete collecting datafor studyand 4
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presentthe result Determining Budget Data Interpretatio nand analysis Evaluating resultsand findings Complete thereport andsubmit thefinal report 1.5 Research methodology Useofresearchmethodologyismadeforthisresearchformakinguseofmost appropriate methods for material resourcing, data collection and information. The various philosophy and methods included in Research methodology for identifying, selecting and analysing a set of data related with research topic are provided below: Research Philosophy This aspect of research methodology is associated with providing a belief and ways for data collection, gathering and analysis. Research philosophy is basically of two types i.e. Positivism and Interpretivism(Webb, 2019). For this research report,Positivism philosophyis being used by researcher to get scientific way or method of investigation that is not affected by researcher's behaviour and values. Research approach It is mainly associated with the plan and strategies made for conduction of research and provide information about various assumption and steps taken for collection of data and also includes methods for its analysis and interpretation(Aureli and Del Baldo,2019). Research 5
approach are mainly of two types i.e. Deductive and Inductive approach. To meet the objective of this research use of inductive approach is made by researcher that provides a more logical process and lead to a specific conclusion that is based on all outscoring and offshoring function. Research method It basicallyfacilitatesa systematicplan and effectiveprocedure for conducting a research. The two types of research methods that are used for this research are as follows: Qualitative research method-Use of this method is made to get a in-depth information about the perception and views of respondents for effective decision making. Quantitative research method- It the method that is associated with collection of data in terms of numbers or statistical form that facilitates effective presentation of research findings (Harris, 2019). Source of data collection It basically represent the areas and ways from where data is originated or collected. Mainly there are two main source of data i.e. primary and secondary sources. For the purpose of data collection for this research use of both primary and secondary data is made as primary data provided an authentic and first hand data where as facts evaluated through secondary resources provide a support to primary findings(Gorondutse and Hilman, 2019). Use of questionnaire is made which form a part of primary sources while use of various online sites and literature of authentic writers are made as a secondary source. Beside all these use of random sampling method is also made to remove the chances of favouritism in this research method. Sampling is a process that is associated with selection of pre determined number of observation from a huge group of population to complete the analysis and evaluation of facts in an effective and efficient way. ACTIVITY 2 2.1 Secondary research or Literature review The secondary research or Literature review provides a comprehensive summery about the research topic with the help of different scholarly articles, books and journals to provide a description and critical evaluation of research work. Following secondary research are made for this research project based on Effective talent management strategies with inRed carnation hotel. To study the concept of talent management 6
Concept of talent management is related with succession planning and management of every employees of organisation that includes career aspiration, readiness for promotion and other secession plan for motivating employees. As per the opinion of Derek Stockley, 2014, talent management isa conscious, deliberate approach undertaken to attract, develop and retain people with the aptitude and abilities to meet current and future organisational needs. Todeterminethevariouseffectivetalentmanagementstrategieswithinahospitality organisation The effective talent management strategies includes all those plans that are made by an organisation for recruitment, management and retaining of its talented employees. As per the opinion of Jay Tankersley, 2016,Companieswants to retain their best employees to create winning teams that are motivatedand engagedthat can be done through align talent and strategy through developing better communication and integration in the organisation. Apart from this regular benefits and perks also motivates employees to perform well along with strategies for effective training to enhance and maintain the skills and performance level of employees. To evaluate the different advantages lead by effective talent management within the working environment of Red carnation hotel Advantages of talent management includes enhancement in performance and competitive strength of an organisation with the help of maintaining and retaining its most talented and skilled employees. According to the view point of Elizabeth Quirk, 2018, the benefits and advantages of effective talent management strategies includes improvement in hiring technique which lead to recruitment of more educated and skilled employees in Red carnation hotel together with improvement in cultural connections and employee engagement. 2.2 Primary Empirical research For conducting primary empirical research on given topic use of both qualitative and quantitative research methods are made. A questionnaire is prepared for this research that is a having a set of questions out of which 5 are close ended quantitative questions while 3 are open ended qualitative questions. A sample size of 30 individuals are selected from a big population that includes stakeholders of organisation, businesses and other related individuals with the help of random sampling to remove the biasness from research project. Questionnaire 7
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Q1) Do you having any perspective about the concept of talent management? a) Yes b) No Q2)What possible advantages are lead by effective talent management within the working environment of Red carnation hotel? a) Employee development b) Improved On-boarding experience c)Retain Top talent d) Enhance competitive strength Q3) What are the most effective strategies that lead to effective management of talent within a hospitality organisation? a) Pay for performance culture b) Development of internal talent pools c) Continuous training and development opportunities d) Collaborative leadership style Q4) What perception are you having aboutthe fact that employees ofRed carnation hotel are satisfied with its current talent management strategies? a) Agreed b) Disagreed Q5) What outcomes are yield by the talent management strategies ofRed carnation hotel on enhancement of its competitive strength and uniqueness in its business environment? a) Positive b) Negative Q6) What are the main focuses and elements of talent management in association with a hospitality sector that includes organisation likeRed carnation hotel? Q7) How effective strategies made for management of talent in an organization lead to 8
enhancementofitsperformanceandcapabilitiestogetherwithcreationofbetter competitive strength in business environment? Q8) Any further recommendation forRed carnation hotel? 2.3 Validity and reliability of research method The use of various methods made for this research are appropriate and reliable for collection of authentic data. Use of both primary and secondary research method is made as primary method provides a up to date and first hand information that is considered most authentic and use of secondary methods has facilitated a support and check on accuracy of collected data. Beside this use, of quantitative and qualitative method are also made as qualitativemethodfacilitatesain-depthinformationforbetterdecisionmakingwhere quantitative provides aid in effective presentation of collected information. ACTIVITY 3 This activity is covered in PPT ACTIVITY 4 4.1 Reflection on value of undertaking of research The above research report is based the topic of strategies related with talent management which is becoming a crucial part of all hospitality sector. Various aims and objectives are set by me to measure the success of this research project. A project management plan is also made by me as it facilitates effective planning for the various aspects and elements of research that includes its cost, scope, duration, etc. Beside this to meet the time frames and clearly state the various stages of completion use of project management tool i.e. WBS and Gantt chart are also made. Further use of an effectiveresearch mythology that includesboth qualitativeand quantitative research methods together with primary and secondary source of data is also made by me. 4.2 Reflection on own learning and performance The journey associated with this research project is very informative and knowledgable for me as it has enhanced my knowledge about the concept of talent management is becoming essential part of all organisation. Beside this my communication skills and other analytical silks 9
are also got improved by this project. Many issues related with lack of resources and time are faced by me which are timely identified and solved by me through making use of various statistical tools, thus enhanced and sharpen my analytical and management skills. Therefore, this research project has created many future opportunities and better professional scope for me. CONCLUSION On the basis of research report, it can be concluded that, talent management is becoming essential and a crucial part for all hospitality organisation as it sharpen and enhance the skills of employees together with retaining talented staff for a longer duration of time. Use of various strategies like collaborative leadership style, pay per performance culture, etc. are also adopted by organisation to have better management of talent and staff. Thus, lead to better opportunity for enhancement in productivity and performance along with larding uniqueness and more competitive advantage for a hospitality organisation. 10
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