Key Challenges and Obstacles in Talent Management at TESCO
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This research focuses on the challenges and obstacles faced by TESCO in talent management. It discusses the concept of talent management, strategies for effective talent management, and the benefits of talent management for TESCO. The research also includes a detailed project management plan, WBS, and Gantt chart.
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Table of Contents INTRODUCTION.......................................................................................................................................3 TASK 1.......................................................................................................................................................3 P1) Discuss project aims and objectives..................................................................................................3 P2) Develop a detailed project management plan....................................................................................4 P3) Prepare WBS and Gantt chart to discuss time frame and stages of completion.................................6 TASK 2.......................................................................................................................................................8 P4) Discuss small scale research by applying primary and secondary methods.......................................8 TASK 3.....................................................................................................................................................11 P5) Analyze findings and data with the use of appropriate tools and techniques...................................11 P6) Provide appropriate recommendation from findings and data analysis...........................................17 TASK 4.....................................................................................................................................................18 P7) Reflection........................................................................................................................................18 CONCLUSION.........................................................................................................................................19 REFRENCES............................................................................................................................................20
Research Topic” Key Challenges and Obstacles faced by organization in talent management” INTRODUCTION Talent refers the capabilities, skill and potential of a person to perform different task in an efficient manner. Here, talent management is a process that is adopted to manage human resources within company in better manner(Bello-Bravo, 2020). There are ample of strategies likemotivation.Acknowledgement,rewardsareusedbymanagersforeffectivetalent management. It helps company to maintain better coordination at work place. The current research is based on talent management in TESCO. It is a renowned company of retail sector that headquartered in UK. It is one of the largest supermarket chains at global level and deals in groceries and general items. It is currently operating business in nearly 13 countries at global level. The present report comprises a complete project management plan along with different techniquesofprojectmanagementsuchasWBSandGanttChart.Inaddition,various approaches of data collection and findings also have been included in the report. Lastly, it comprises necessary recommendations and reflection to demonstrate learning and experiences through the project. Moreover, it provides detailed analysis regarding obstacles and challenges of talent management within company. TASK 1 Discuss project aims and objectives Projectaim:“Toidentifychallenges&obstaclesfacedbyorganizationintalent management”. A study on TESCO Objectives of project: To develop detailed understanding about the concept of talent management. To identify the challenges and obstacles faced by TESCO regarding talent management. To determinestrategiesthat can be used by TESCO in termsof effective talent management.
Question of project What is the concept of talent management in reference of TESCO? What are the challenges faced by TESCO regarding talent management? WhatarethestrategiescanbeusedbyTESCOtointermsofeffectivetalent management? Literature review: According toBjorvatn and Wald, 2018,talent management is an approach that is used to manage employees in company in an effective manner. It is a technique to place right candidate at right place to attain predefined organizational objectives. In reference of TESCO, managers prepare appropriate strategies to hire competent staff and also help them to grow & enrich at work place. It really helps in goal attainment and retain employees with organization for longer run. According toBriesemeister, 2018,there are ample of obstacles faced by HR managers while dealing with human resources at work place. There are several individuals belong from varied culture, having different personality and mind set work together in organization. So, managers are required to prepare effective strategies such as motivation and more in order to ensure the support of employees towards organizational growth and success. Here, managers of TESCOneedtoanalyserequirementofhumanresourcesandprovidethemmotivation accordingly. According toBryant, 2019,it is crucial to manage work force in an effective manner for betterment of company. For this, purpose, there are a number of strategies can be used by HR personnels such as maintain proper work culture, arrange programs of training and development and more. Here, managers of TESCO adopt effective techniques of motivation, training and development & more in order to retain employees for longer run. P2) Develop a detailed project management plan This plan is prepared by managers in order to complete a project successfully. It comprises various components such as quality, scope, risk, cost and more. This plan is really
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essential and helps to attain predefined project objectives in an appropriate way. Different variables of the plan are given as under: Cost:It is an important factor that demonstrates the overall cost and expenses in completion of project. It is crucial to analyze the cost of project as it helps to keep proper control over cost. With this, manager will be able to ensure adequate profit margin form overall project. Here, expenses incurred in current project are discussed as under: ParticularAmount 2019-20 ( $) Technology cost8000 Salary of researcher5000 Travel expense3000 Training charges2500 Miscellaous expenses1500 Total20000 Scope:It is analyzed that current research has broader scope to provide better grasp on certain topics that will help researcher to undertake future projects in an efficient manner (Chaston, 2017). In addition, it will also help to provide detailed knowledge on the issues related to talent management and will help to prepare appropriate strategies to manage work force within company in better manner. Time:It is the another crucial component of overall project where researcher require to determine the time period in which whole project will be completed. It is really essential to complete project within time and also to make proper use of available resources. For the current project, time period of 9 weeks has been determined by researcher. Quality:Here, it is crucial to maintain higher quality of project throughout the duration of project. For this, researcher is required to gather data and information from relevant and authentic sources. It will further help to reach at appropriate conclusion that is essential for success of overall project.
Communication:Here,propercommunicationbetweenvariouspartiesinvolvein research. It helps to reduce down misunderstandings, confusion between different parties that helps to get desired results(Harmon, 2019). For this, investigator is required to have effective communication with subordinates in order to combined the efforts of whole tea towards goal achievement.It willhelp researcher to get support of employeesand maintaineffective coordination throughout the project. Risk:It is analyzed that future is uncertain thus there are ample of risk associate with it. So, researcher is required to make anticipations about future situations and then prepare appropriatestrategiesinordertomeetwithfutureuncertaintieseffectively.Withthis, investigator will be able to confront uncertain situations in an effective manner that is crucial to meet with predefined objectives. Resources:There are ample of resources required to complete a project in successful manner. It includes several tools, techniques, labor in order to meet with predefined goals of research. These resources are essential to reach at appropriate conclusion through research. P3) Prepare WBS and Gantt chart to discuss time frame and stages of completion It is vital for researcher to determine overall time of research as it helps to complete the whole project in predefined period of time. In addition, there are different techniques such as WBS and more are used by investigator in order to draw meaningful conclusion through research (Huber, Kaufmann and Steinmann, 2017). Here, it is crucial for researcher to use appropriate tools in order to assess overall duration of research that will help to complete assigned project successfully within pre decided time. Different techniques of project management are given as under: Work break down structure (WBS): It is a technique under which the whole project is divided into smaller task. Then these activities are assigned to different team members so that the whole project can be completed within schedule time. In addition, it also helps to reduce down the complexity and fulfill assigned task in minimum possible cost. Here,managers breaks the complex project in smaller and manageable task that will further help to complete the whole project in an efficient manner. It is a way to divide more complex deliverables into manageable task that helps to conquer whole
project with higher efficiency and effectiveness. Main aim of WBS is to complete project in minimum possible period of time by bifurcating whole work into smaller and manageable task. It really helps to maintain higher productivity and efficiency of team members that is crucial to attain predefined project goals. Gantt Chart: It is a tool that is used for effective time management as it helps to complete each and every activity within predefined time. It is a graphical tool that is used to schedule task in better manner. For this, manager first need to indentify different activities related to project along with the capabilities of human resources working within team(Janssens, 2019). It helps to divide task among team members as per their skills and potential that helps to make effective use of productivity and efficiency of employees at work place. Here, timelines and task are designed in horizontal bar that demonstrates start and end date of a project. In addition, it also shows deadlines, dependencies, scheduling and more. For the current project time frame is given as under:
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TASK 2 P4) Discuss small scale research by applying primary and secondary methods Research methodology It is a process that is used by researcher in order to collect and analyse available data and information in an efficient manner. Here, it helps to analyze reliability and validity of research. It includes a complete procedure such as data collection, analysis, interpretation and more. In addition, research methodology helps to gather detailed information that further helps to reach at meaningful conclusion. Different types of research methodology are given as under:
Qualitative method:It is a crucial method of research that helps to gather detailed information about respondents. There is proper interaction between researcher and respondents that help to provide in depth information. There are ample of methods such as focus group, interview and more are used in order to gather information from candidates(Kalitsis and Ambridge, 2017). These details really help to reach at appropriate conclusion with the help of detail information. In addition, it also help to gather additional information that will be helpful to attain desired results. Quantitative method:Here, statistical method and techniques are used to reach at appropriate conclusion. Here, data is analysed with the help of numerical and mathematical techniques. So, it helps to get proper analysis and evaluation that is helpful to reach at meaningful conclusion. In addition, different graphs, charts are used in this method in order to evaluate available data & information. In this, data is measure in numerical way which help to get desired results in predefined period of time. Data Collection:For the purpose of research, it is crucial to collect data and information in proper manner. There are different techniques are used for data collection that are given as under: Primary data:It is an important way of data collection in which information is gathered by researcher with own efforts. Here, data is completely raw, relevant and highly authentic. In addition, there is proper interaction between respondents and investigator that help to gather detailed information(Ottosson, 2019). There are several methods are used for primary research such as observation, survey, interviews and more. These techniques help to gather detailed information that is essential to get desired outcomes. It is analyzed that there is higher relevancy and authentication in primary research as data is collected by investigator. In current research, questionnaire has been used to collect information. It will help to gather information from respondents that will further help to reach at appropriate conclusion. Secondary data:It is also a crucial way of data collection that is used widely by researchers. Here, information is gathered from articles, journals, websites and more. Here, internet is also considered as a crucial source of data collection. However, investigator is required to check the relevancy and authentication of secondary data. In addition, there are several government
agencies that also help to collect authentic information on a particular topic. It is a time and cost effective manner of data collection where researcher is able to collect information from already available data. For the current report, data has been collected from various websites, journals, articles and more.It will help researcher to collect appropriate information in minimum possible period of time that will lead towards meaningful conclusion. With the help of secondary information, investigator will get detail information without investing higher time as well cost. There are a lot of sources used in secondary research. In the present research data has been taken from ample of websites, journals and more which will help in getting positive outcomes(Cole and Trinh, 2017). Questionnaire Question 1: Do you aware with the concept of talent management? Yes No Question 2: What do you think does talent management help TESCO to retain employees for longer run? Yes No Question 3: In your opinion, what are the strategies of effective talent management? Detailed job description Acknowledgement and recognition Opportunities of development Question 4: What are the challenges faced by TESCO in terms of talent management? Hiring potential talent Improving employees turnover Creating talented ethical culture Question 5: In your opinion, what are benefits of talent management for TESCO? Retaining potential employees Motivated workforce Productive and effective performance Question6: What are the strategies used by TESCO to retain employees for longer run?
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Providing appropriate motivation Rewards and recognition Providing continuous training for career enrichment Question7: What do you think does effective approach of talent management help TESCO to get competitive edge at market place? Yes No TASK 3 P5) Analyze findings and data with the use of appropriate tools and techniques Q1. Discuss concept related to talent management?Frequency (a)Yes16 (b)No14
13 13.5 14 14.5 15 15.5 16 16.5 Chart Title Interpretation:With above chart, it is analyzed that talent management is a crucial concept that refers formulation of several strategies in order to manage employees at work place. Now, companies understand the importance of talent management in order to retain work force with company for longer run. There are 16 respondents who are well aware with the concept of talent management. On another side 14 people out of 30 are still lacking in knowledge of talent management. So, it is crucial to arrange necessary training and development programto make aware people with the emerging concept of talent management. Q2.What do you think does talent management help TESCO to retain employees for longer run? Frequency (a)Yes17
(b)No13 57% 43% YESNO Interpretation:It is proven that effective strategies of talent management really help to retain employees within company for longer run. The above chart demonstrates that as per 17 respondents out of 30 approaches of talent management really help organization to retain work force for longer duration. Rest 13 respondents do not agree with the fact that effective approach of talent management helps company to improve employee’s turnover. Therefore, it can be concluded that approaches of TESCO for talent management is appropriate and effective. Question 3: In your opinion, what are the strategies of effective talent management? Frequency (a)Detailed job description8
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( b) Acknowledgement and recognition10 (c)Opportunities of development12 (a)Detailed job description( b) Acknowledgement and recognition (c) Opportunities of development 0 2 4 6 8 10 12 14 Interpretation:The above graph shows that there are ample of strategies are used by managers in terms of talent management. Here, 8 respondents are agreed that detailed job descriptionplayacrucialroleinretainingemployees.Asperother10respondents acknowledgment and recognition is the important strategy that can be used by companies in order to retain work force for longer duration. Here, rest 12 respondents are agreed that opportunities of growth and development encourage employees to work with full efficiency for company that will help in future growth and success. So, as per the majority of respondents opportunities of growth are crucial for effective talent management Q4.What are the challenges faced by TESCO in terms of talent management? Frequency Hiring potential talent10 Improving employees turnover12
Creating talented ethical culture8 33% 40% 27% Chart Title Hiring potential talentImproving employees turnover ·Creating talented ethical culture Interpretation:It is analyzed that there are ample of challenges and constraints are faced by companies in terms of talent management. With above chart, it is seen that as per 10 respondents it is not easy for managers to hire potential employees. In addition, other 12 respondents agreed that the biggest challenge for company is to improve turnover of employees and retain them for longer time. As per rest 8 respondents, the major constraint for company is to create an ethical culture at work place where employees can grow and prosper. Q5.In your opinion, what are benefits of talent management for TESCO? Frequency Retaining potential employees15 Motivated workforce8 Productive and effective performance7
50% 27% 23% Chart Title ·Retaining potential employees·Motivated workforce ·Productive and effective performance Interpretation:Here, effective techniques of talent management provides ample of benefits to company that further help in goal achievement. It is analyzed that these as per 15 respondents out of 30 TESCO talent management approaches of company prove beneficial in terms of retaining employees for longer run. As per 8 candidates, it helps to improve productivity as well as efficiency of employees at work place. Whereas, rest 7 respondents are agreed that effective strategies of talent management help organization to motivate work force in an effective manner. Q6.What are the strategies used by TESCO to retain employees for longer run? Frequency Providing appropriate motivation10 Rewards and recognition13 Providing continuous training for career enrichment7
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·Providing appropriate motivation·Rewards and recognition·Providing continuous training for career enrichment 0 2 4 6 8 10 12 14 Interpretation:With above chart, it is monitored that as per 10 respondents TESCO provide appropriate motivation to employees in order to retain them with company for longer run. In addition, 13 people are agreed that organization provide rewards, accolades to work force to motivate them. Here, rest 7 candidates agreed that company is providing continuous training and development to employees in terms of its talent management strategies. Q7.Whatdoyouthinkdoeseffectiveapproachoftalent management help TESCO to get competitive edge at market place? Frequency (a)Yes17 (b)No13
57% 43% Chart Title YESNO Interpretation:Theabovechartdemonstratesthat17respondentsunderstandthat strategies of talent management are crucial in order to get competitive advantage. While as per other 13 people, it is not the only way to get competitive edge at market place. Therefore, as per majority of people effective strategies of talent management are really helpful in getting an edge over other rival firms. P6) Provide appropriate recommendation from findings and data analysis With above discussion, it is monitored that there are ample of challenges as well as constraints are being faced by TESCO regarding talent management. So, managers are required to undertake some necessary steps for further betterment that are given as under: Managers are required to have proper communication with employees so that they get to know about the issues, problems faced by work force. It really helps to maintain better relationship between superiors and subordinates. With this, company will be able to retain work force for longer duration. The another recommendation is this that HR managers need to acknowledge the efforts of human resources within company. Further, they should also provide them necessary rewards in order to motivate them and retain with company for longer run.
Through above analysis, it is sated that still there are some individuals within company who are not well aware with the concept of talent management so managers of TESCO are required to arrange necessary training programs to develop basic understanding regarding talent management. Further, there are ample of challenges are being faced by organization in terms of managingtalent.Thesechallengesarerelatedtohiringofpotentialcandidate,improve employees turnover and more so it is vital for managers to identify these obstacles and prepare appropriate strategies to face challenges in an effective manner. The above stated recommendations will really help organization to maintain better coordination at work place. In addition, it will also help to get competitive edge by retaining employees for longer duration. TASK 4 P7) Reflection The above project really helped me to get ample of knowledge and skills which will assist me to grow & succeed in career. It developed communication skills as during project I got opportunity to interact with different person having different mindset and personality. In addition,theprojectalsoprovidedmedetailedknowledgeregardingtalentmanagement approaches that are being used by companies. With this, I will be able to manage team at work place in better manner. During project, I also developed time management skill by scheduling each and every task in proper manner. This skill will help me to make effective use of available time. In addition, with this I will be able to deliver assigned task in predefined period of time that is crucial to put better impression at work place. Here, I also got analytical skills that are essential to analyze and evaluate data in an appropriate manner. I used several tool during project that will lead my analytical skills to upper level. Further, I also leadership skills as I got the opportunity to lead as well as guide team. This skill will prove helpful to handle team at work place in better manner. Apart from the above stated skills, the project provide me a great opportunity of personal development that is crucial for career growth. These skills will help me to enrich & grow in personal as well as professional life. With this, I will be able to create difference and get better opportunities for career growth and enrichment.
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CONCLUSION Out of above discussion, it is monitored that talent management is essential to retain employees with company for longer duration. It can be conclude that there are several challenges and constraints are being faced by companies to manage work force properly. In addition, there are different techniques such as WBS, Gantt chart are used in order to complete a project in successfulmanner.Discussionhasbeencarriedourregardingdifferentmethodsofdata collection that helps researcher to collect necessary data and information for the purpose of research. In addition, questionnaire is an appropriate primary technique to collect data from respondents. Further, managers of respective company are required to adopt necessary steps in order to improve talent management practices within organization.
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