Talent Management Strategies for Successful Organizations: A Report

This report provides an executive summary, introduction, results, findings, discussion, conclusion, and recommendations regarding talent management strategies for successful organizations, with a focus on a case study of Tesco. The report explores the concept of talent management, evaluates different strategies, analyzes the relationship between talent management and organizational success, and recommends best practices. The methodology includes a qualitative research approach using questionnaires for data collection and thematic data analysis. The findings, based on empirical data, reveal insights into the impact of talent management on finding talented candidates, managing talent in the workplace, increasing business profitability and productivity, improving business performance and efficiency, and enhancing employee retention. The report concludes with recommendations for implementing effective talent management practices within organizations, emphasizing the importance of aligning strategies with business goals and fostering employee engagement.

Research Project
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EXECUTIVE SUMMARY
In this report, it has been summarised about the concept of talent management strategies for
successful organisations. These kinds of approach includes in the organisation and find out
talented people those are putting extra efforts to improve the overall performance of enterprise.
As per analysis, it has been identified the effective relationship between talent management
strategies and organisational success. Afterwards, it has been implemented the best talent
management practices to improve the overall business operations and functions.
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Contents
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................4
RESULT AND FINDING...............................................................................................................5
DISCUSSION................................................................................................................................19
CONCLUSION..............................................................................................................................20
RECOMMENDATIONS...............................................................................................................21
REFERENCES..............................................................................................................................22
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Title – Effective Talent Management Strategies for Successful Organization – A report on
Marks and Spencer Group Plc.
INTRODUCTION
Talent is one of the important key differentiator for human capital management and always
leveraging competitive advantage. Nowadays, companies are adopting talent management
concept in order to gain and become give priority for organisation across the world (Abualoush,
Masa’deh and Alrowwad, 2018). It is increasingly the demand of talent management in the
corporate world, which means that focus on the effective strategies and expressed in the different
manner.
The primary aim of talent management is to identify the lack of availability, highly talented
and skilled staff members made finding and retaining talented employees (Osborne and
Hammoud, 2017).
In this study, it will discuss about the effective talent management strategies for successful
organisation, and also implementing suitable practices to improve business performance,
efficiency.
Aim - To analyse the effective talent management strategies for successful organization – A case
study on Tesco.
Objective –
 To examine concept of talent management.
 To evaluate different talent management strategies.
 To analyse relationship between talent management strategies and organization success.
 To recommend best talent management practices that can be used by Tesco.
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Research questions-
 What is the concept of talent management?
 What is different kind of talent management strategies?
 How can examine the relationship between talent management strategies and
organization success?
 What are the different ways to find the best talent management practices that can be used
by Tesco?
Methodology
It is important to select proper methods in conducting the research so that it provides a
framework to scholar about what type of method are to be used in it. Moreover, study is
conducted in step by step way. Thus, for present study as well the methods used are described as
below -
Research Approach
Research approach is the process of collecting data. Basically, there are three research
approaches used that is quantitative, qualitative and mixed (Alase, 2017). In quantitative
research, recent figures, facts and data is collected and interpreted. In qualitative, only data
related to topic is collected and analyzed to get more depth understanding. The mixed approach
utilizes both quantitative and qualitative methods. The method used by the scholar is qualitative
approach because it helps in getting the detail knowledge of the topic which is taken for the
research.
Research Technique
Framing of questionnaire is being done for this research. The questionnaire will help in
analysing and finding the details of the topic. As questionnaire is an important part for the
research to be analysed therefore it is done in an appropriate manner. Through questionnaire,
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many questions will be answered and this will result in overall assessment of the project or the
report. For this research, questionnaire is one of the helpful techniques which will deliver the
best results and outcomes. It will further help in making the sources of the report more identified
in the terms of how the results are achieved. Questionnaire when formed will make the necessary
details of how the research is conducted appropriately.
Data Collection
It is process in which information is used from other related sources to search answers of
problems and examine the results. Data collection process is divided into two parts – Primary
and Secondary data (D’Allerto and et.al., 2021). Primary data collection refers to gathering of
data for first time. This is done via surveys, focus groups, interviews and questionnaire etc. In
secondary data previous data is collected from articles, journals, etc. to gather more info about
topic. In this study, primary and secondary data collection methods will be used by the
researcher. Because primary data collects fresh data and secondary data will be supported by
primary data. Therefore, data collection is a helpful tool in the research which is conducted.
Data Analysis
Data analysis is the most important elements for the research to be conducted successfully
and efficiently. It is a process of interpreting and analyzing data to obtain the precise
information. The aims and objectives of the research will effectively attain when the scholar
analyzes the data appropriately (Castleberry and et.al., 2018). Moreover, to get the desired
outcomes, proper analysis technique must be used. The information collection method is done on
the basis of selection of data which will be helpful for the research. To interpret data various
tools and techniques are used for the research to deliver effective results. For the current study,
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thematic data analysis method will be used. As through this the interpretation of data through
graphs and tables will make the research easier.
RESULT AND FINDING
In this section, it is mainly focused on the empirical data collection. Moreover, it is also
represents the finding from different cases, which are completely based on the data collection
(Nikpour, 2017). Generally, it can be divided section and include questionnaires, namely view on
the talent, approach to talent management and alignment of talent management strategy. This is
the best way to clarify and group empirical finding of each of case companies together.
Theme: 1 Talent management approach help for finding the talent candidate for particular
job profile?
Q1. Do you think that talent management approach help for finding the talent candidate for
particular job profile?
Option Frequency
Highly agree
Agree
Highly disagree
Disagree
10
7
9
4
Total- 30
Table: 1
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Highly agree Agree Highly
disagree
Disagree Total-
0
10
20
30
Q1. Do you think that talent management
approach help for finding the talent candidate
for particular job profile?
Figure 1
Data Interpretation-
From above chart, it has been identified that talent management approach help for finding
talented candidate for particular job profile. This can possible when Tesco implement talent
management practices in order to inspire or motivate the individual people. On the basis of
interpretation, it has been summarised that maximum respondents share their positive response
towards talent management approach. Furthermore, it can be identified that 10 respondents are
highly agree, 7 respondent are agreed, 9 respondents are highly disagree and 4 respondents are
disagreed. Everyone can share response on the basis of experience where they can identify in the
workplace.
Theme: 2 Talent in Tesco where large number of employee working together in workplace?
Q2. Is it possible to manage the talent in Tesco where large number of employee working
together in workplace?
Option Frequency
Highly agree
Agree
Highly disagree
Disagree
11
8
9
2
8

Total- 30
Table: 2
Q2. Is it possible to manage the talent in Tesco
where large number of employee working
together in workplace?
Highly agree Agree Highly disagree Disagree Total-
Figure 2
Data Interpretation-
In above analysis, it has concluded that manage the talent in Tesco where large number of
employee working in the workplace. The reason for management of enterprise in regards of
talent, which means that staff member can find their skill and abilities. This kind of thing is
possible when Tesco uses talent management strategies within organisation. On the basis of
interpretation, it has been summarised that maximum respondents share their positive response
towards talent management approach. Furthermore, it can be identified that 11 respondents are
highly agree, 8 respondent are agreed, 9 respondents are highly disagree and 2 respondents are
disagreed. Everyone can share response on the basis of experience where they can identify in the
workplace.
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Theme: 3 Talent management strategies will increase the overall business profitability as well
as productivity in marketplace?
Q3. Do you think that talent management strategies will increase the overall business
profitability as well as productivity in marketplace?
Option Frequency
Highly agree
Agree
Highly disagree
Disagree
7
7
8
8
Total- 30
Table: 3
Highly agree
Agree
Highly disagree
Disagree
Total-
0 5 10 15 20 25 30
Q3. Do you think that talent management
strategies will increase the overall business
profitability as well as productivity in
marketplace?
Figure 3
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Data Interpretation-
From above discussion, it has been identified Talent management strategies will increase
the overall business profitability as well as productivity in marketplace. It supports for
organisation to build a hope, which will enable them to retail their top talented and skilled
employees. It is just like involvement of staff members in order to recognise the performance of
every staff members. As per analysis, it has been concluded that talent management strategies
help for organisation to make a suitable plan and optimise employee performance. On the basis
of interpretation, it has been summarised that maximum respondents share their positive
response towards talent management approach. Furthermore, it can be identified that 7
respondents are highly agree, 7 respondents are agreed, 8 respondents are highly disagree and 8
respondents are disagreed. Everyone can share response on the basis of experience where they
can identify in the workplace.
Theme: 4 Talent management positively impact on the business performance and efficiency?
Q4. Do you believe that talent management positively impact on the business performance and
efficiency?
Option Frequency
Highly agree
Agree
Highly disagree
Disagree
12
5
7
6
Total- 30
Table: 4
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Highly agree Agree Highly disagree Disagree Total-
0
5
10
15
20
25
30
Q4. Do you believe that talent
management positively impact on the
business performance and efficiency?
Figure 4
Data Interpretation-
From above discussion, it has been summarised that Talent management positively
impact on the business performance and efficiency. In this way, enterprise is also increasing the
entire business profitability as well as productivity in marketplace. Talent management will be
continuously implementation of learning and development practices, which is an essential where
enterprise is encouraged to have followed a new procedures and achieve desirable tasks. As per
analysis, it has been concluded that talent management provide the brief idea of new
technologies and manage up-to-date skills or knowledge. That’s why, it is directly integrated
with performance of enterprise. On the basis of interpretation, it has been summarised that
maximum respondents share their positive response towards talent management approach.
Furthermore, it can be identified that 12 respondents are highly agree, 5 respondent are agreed, 7
respondents are highly disagree and 6 respondents are disagreed. Everyone can share response on
the basis of experience where they can identify in the workplace.
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