Managing Talent in Morrison: A Study on Talent Management Strategies
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This presentation discusses the importance of talent management strategies in retaining employees within Morrison, a large retail company in the UK. It explores the challenges faced by the company and provides recommendations for effective talent management.
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UNIT 6- MANAGING A SUCCESSFUL BUSINESS PROJECT
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TABLE OF CONTENT INTORDUCTION AIMS AND OBJECTIVES RESEARCH METHODOLOGY DATA INTERPRETATION CONCLUSION REFERENCES
INTRODUCTION Talent management is defined as the keeping the employees within the company happy and satisfied. This is essential for the company as if the employees within the company will not be happy and satisfied then this will affect the working of the company The current study is based over company Morrison which is a large chain of retail company in UK. The company was founded by William Morrison in the year 1899 and is headquartered in Bradford in UK.
AIMS AND OBJECTIVES Aim “To analyse the best strategies of talent management which assist company in retaining employees within organization. A study on Morrison.” Objectives To articulate the concept of talent management. To evaluate the importance of talent management strategies in retaining employees within company. To examine the various challenges faced by Morrison in managing and retaining employees with help of talent management strategies To recommend some of the strategies to Morrison in effectively using the talent management strategies for purpose of retention of employees.
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RESEARCH METHODOLOGY Type of methodologyMethodology used Research typeQualitative research type Research approachInductive approach Research philosophyInterpretivism philosophy Data collectionPrimary and secondary methods Sampling20 employees of Morrison Data analysisThematic data analysis
DATA ANALYSIS Theme 2: Yes, use of talent management assists company in managing talent in company. Theme 1: Awareness relating to concept of talent management.
Continued…. Theme 3: All of the above is the major impact of high turnover of employees within the company. Theme 4: Positive is the impact of using the talent management strategies on productivity of company.
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Continued…. Theme 5: Retaining talented employee is the major importance of using talent management strategies at time of retaining employees. Theme 6: Yes, there are strategies which are helpful in retaining the talent in the company.
Continued…. Theme 8: High employee turnover is the main challenge which company faces in managing talent at the workplace. Theme 7: All of the above are the various strategies helpful for company in managing talent within company.
CONCLUSION From the above whole discussion it was found that managing talent is the most essential aspect for company in this current competitive world. The major reason for this is that the competition in the business world is high and if employees do not get much appreciation in one company then they switch over to another company.
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RECOMMENDATION From the above discussion it is clear that there is a requirement of improving talent management strategies within the business. Hence, for this some of the major recommendations for Morrison are as follows- Setting goals by keeping in mind capabilities of employees Providing of time to time financial and non- financial motivators.
REFERENCES Scullion,H.and Mullholland,M.,2020.Global Talent Management.The SAGE Handbook of Contemporary Cross-Cultural Management, p.212. Taylor, S., 2018.Resourcing and talent management. Kogan Page Publishers. Krishnan, T.N. and Scullion, H., 2017. Talent management and dynamic view of talent in small and medium enterprises.Human Resource Management Review. 27(3). pp.431- 441.