Talent Management in Samsung: Strategies, Challenges, and Impact

This project investigates the effectiveness of talent management strategies within Samsung, a prominent multinational electronics company. The research aims to identify the impact of these strategies on business performance. The study explores the importance of talent management, analyzing various strategies employed by Samsung, such as effective job descriptions, cultural fit, rewards and recognition, and continuous improvement through performance appraisals. It also examines the challenges faced in implementing these strategies, including poor hiring practices. The research methodology includes a literature review, a questionnaire-based survey of Samsung employees, and data interpretation to assess the impact of talent management on employee performance and organizational outcomes. The findings indicate the effectiveness of strategies like rewards and recognition, and training and development. The project concludes with recommendations for alternative methodologies and strategies to improve talent management practices within the organization.

Effective talent management
strategies for successful
organizations

Contents
Project title: Effective talent management strategies for successful organizations.........................3
INTRODUCTION...........................................................................................................................3
Research aim................................................................................................................................3
Research objectives.....................................................................................................................3
Research questions.......................................................................................................................3
Research rationale........................................................................................................................4
Literature review..............................................................................................................................4
Importance of talent management strategies...............................................................................4
Various talent management strategies used by manager in Samsung organisation.....................5
Various challenges faced by manager in implementing of talent management strategies..........5
Research methodology.....................................................................................................................6
Questionnaire...................................................................................................................................7
Data and interpretation....................................................................................................................8
Research outcomes........................................................................................................................14
Reflection and recommendation for alternative methodology......................................................15
CONCLUSION..............................................................................................................................15
Recommendation...........................................................................................................................15
REFERENCES..............................................................................................................................16
Appendix........................................................................................................................................17

Project title: Effective talent management strategies for successful
organizations
INTRODUCTION
Talent management strategies are the strategies that are used by the manager of a company
to attract their employees towards the brand and retain them for long time. Talent management
strategies helps organisation in enhancing their productivity and profitability as well. also, it
helps them in increasing employee’s performance for long term and provide them growth
opportunities (Asbari, and et.al., 2021). organisation which is taken in this research is Samsung
electronics co. ltd. it is one of the South Korean multinational electronic company which was
founded in the year 1969. it is having certain subsidiaries like Samsung telecommunication,
Samsung medison, smart things, there are about 290,000 employees currently working in the
organisation. This report covers literature review and research methodology. Further includes
data analysis and interpretation and at last there is a reflection and research outcome and
conclusion, recommendation made for the given research.
Research aim
“To identify the impact of talent management strategies in business performance”. A study
on Samsung organisation.
Research objectives
 To determine the importance of talent management strategies in business organisation.
 To analyse the various talent management strategies used by manager in Samsung
organisation.
 To analyse the various challenges faced by manager in implementing of talent
management strategies in business organisation.
Research questions
 what is the importance of talent management strategies in business organisation?
 what are the various talent management strategies used by manager in Samsung
organisation?

 what are the various challenges faced by manager in implementing of talent management
strategies in business organisation?
Research rationale
The rationale of choosing this project is that this research will help the investigator in
achieving aims and objectives and enhance his skills and knowledge about particular topic
(Brandt, Wagner, and Neumann, 2021). Further this topic is important for the company to
enhance their productivity as well.
Literature review
Importance of talent management strategies
According to Susan, (2021), Talent management strategies are not just a simple term but it
is related to the human resource management which are also committed to hire manage and
develop the employees and their productivity in the organisation. There is various importance of
talent management. this can be attracting skilled employees- as talent acquisition is the most
important reason for talent management strategy (Why Talent Management Is an Important
Business Strategy to Develop, 2021). The company can get one or two highly talented people by
chance but they cannot get consistently high talented employees so that company needs to first
set their goals and make plans to meet those goals while approaching companies’ talent needs.
HR should provide them benefits higher satisfying salary and better working life balance at the
time of recruitment of any candidate. other importance that can be improved retention rate- as
talent management strategies helps the employees in retaining employees for long run- as once
company can hire best employees for their organisation then next task is to keep them for long
time. talent management encourages employees to work with their organisation and might
choose to leave. as managers of a company should improve entire culture experience which leads
to starting rise in retention rate (Konstantinou, 2021). increasing and retention rate will save time
and resources of the company as well and also reduces employee’s turnover rate. another
importance that is boosting performance. skilled employees work together and understand the
company goals. this can be in the form of sales, technical updates, better products, making
innovative ideas and bringing into the table so this can result in taking employees to the next
level and this increases their performance and also the organisational productivity.

Various talent management strategies used by manager in Samsung organisation.
From the views of Keka, (2021), Talent management strategies are the strategies that are
used by organisation to retain their employees for long time. In context with Samsung
organisation managers using various talent management strategies to retain their employees and
to enhance their productivity as well. as some of these strategies used in the company are having
effective job description- as company is creating a job description that could be looking for
potential employees who wants to develop in the particular area. this will not only find a right
person for their position but also, they will get specific qualities of people which are required by
them (Lordkipanidze, 2021). their job description includes subtitle and location, overview of
duties, reporting line, salary and benefits, skills required. another talent management strategies
that are being used by manager of Samsung is making sure to have a cultural fit- as managers
and leaders make sure that there could be better relationship between employees working in the
team, they could share their beliefs and value with each other (Top 5 Talent Management
Strategies, 2021). this will help them in communicating better with each other and making
culture positive. for that company is organising various employee’s engagement programs. other
strategy that is being used in Samsung is rewards and recognition- as employees work in
organisation only when he will get motivated. for being motivated, managers should provide
rewards and recognition for their achievements done at a particular time. this can be in any form
bonus, gifts, trophies or vacation trip. then checking for the continuous improvement is another
strategy use by employees to make stronger employees’ performance. this can be done through
conducting performance appraisal program- as by this manager can identify employee’s
performance in the organisation and potential of working and completing a particular task.
Various challenges faced by manager in implementing of talent management strategies
From the views of Rakkar, (2021), There can be various talent management challenges faced
by managers while implementing strategies in the Samsung organisation. Some of these are poor
hiring strategies- as talent management framework is starting with the fulfilling of the vacant
position. so, to satisfy certain undertaking it is important for the organisation to have solid
staffing and management planning (Luo, 2021). So, in absence of good management plan, it will
include various challenges that could influence talent recruitment and the hiring process. other
talents that can be face is empowering passion candidates love to work in a good company
culture and environment which is suitable for their qualities (What are the major challenges to

talent management? 2021). great salary and hike is the essential justification that is important for
the organisation. So, a large portion of employers did not think about the requirements and
neglect to utilise capable professionals in the company.
Research methodology
Research methodology is the appropriate model of research that is acting as a framework to
collect data for executive the research. research methodology helps the investigator in collecting
true and relevant facts about the existing conditional competitors in the market. It consists of a
methods techniques activity which are desired to be used in a particular research (Oliveira, and
et.al., 2021). in this research there is a use of research on your framework for carrying out all the
activities.
Research philosophy: Here are two types of investigate that researcher use. They can be
considered positivism and interpretivism. In the projects stated below, the research technique
castoff is interpretivism, because this philosophy helps to assess people's ideas, which also helps
to make the procedure see-through and to obtain varied information on the topic. Do not use
activism because it is period overwhelming and does not produce results. The use of
interpretivism will allow the investigation effort to be completed on time.
Research Approach: Here are two kinds of investigate methods, namely deduction and
induction. Researchers reflect induction because its assistances to obtain a wide range of
information around the satisfied. It springs optimistic consequences and it will provide real data
when the research is completed internationally. On the additional hand, the deductive method is
rarely used because the info resulting from this method is not very dependable then will affect
the genuineness of the project.
Sampling : Data can be sampled by two types of sampling methods, these methods can be
called probability sample techniques and non-probability sampling techniques. In addition, here
are additional sample approaches that can be called stratified sampling, methodical sampling,
judgment sampling and chance sampling (Peppoloni, and Di Capua, 2021). In order to achieve
the expected goals and objects of the survey, stratification and decision methods are used as the
precise samples required for the survey. In the next survey, 20 people who are related to
Samsung.
Data collection : Research projects must collect data to continue with the project. The data
can be composed in several ways. Here are two ways: primary and secondary data. Primary and

secondary data are now used, which assistances ensure the highest and most productive results.
The main data gathering contains first-hand information by questionnaires, interviews, etc. And
give genuine info. I need me a lot for me, but this is a dependable basis. Meanwhile, secondary
data is obtained via books, magazines, journalists, articles, etc. These statistics are not genuine
main data (Reeves, and Chittaro, 2021). Save time and cost.
Research strategy: Nearby are many survey tools and methods that can be second-hand to
make real and true surveys. In a investigate project, there are many tools, strategies, or
techniques that can be used to comprehensive the scheme. In ongoing projects, use
questionnaires to achieve goals. More than interviewees were used to facilitate data group by
researchers.
Gantt chart
Questionnaire
Q1. Did you understand about the need of talent management strategies used
in the organisation?
Frequency
a. Yes 10
b. No 5
c. Can’t say 5
Q2. According to you, what talent management strategies are used in Frequency

Samsung to enhance their employee’s performance and attract them?
a. Training and development sessions 5
b. Rewards and recognition 10
c. Growth opportunities 5
Q3. According to you, did an employee receives sufficient praise and
recognition for the achievements?
Frequency
a. Yes 15
b. No 5
Q4. Why there is a need of talent management strategies in Samsung
organisation?
Frequency
a. To increase company performance and productivity 12
b. To attract employees 8
Q5. Did a manger of Samsung is providing proper training and coaching you
need?
Frequency
a. Yes 13
b. No 7
Q6. Did you feel the growth of your career in Samsung organisation? Frequency
a. Yes 18
b. No 2
Q7. According to you, did you feel comfortable giving feedbacks to the team
members?
Frequency
a. Always 5
b. Sometimes 12
c. Never 3
Data and interpretation
Theme 1 need of talent management strategies
Q1. Did you understand about the need of talent management strategies used
in the organisation?
Frequency
a. Yes 10

b. No 5
c. Can’t say 5
Interpretation
From the above graph it is analyse that this research is conducted between 20 members of the
employees of Samsung. out of these 20, 10 people say is that they understand about the need of
talent management strategies, 5 people out of these said they don't know about the need of talent
management strategies. and the rest of 5 people said they can't say about this statement in an
organisation.
Theme 2 strategies used in organisation
Q2. According to you, what talent management strategies are used in
Samsung to enhance their employee’s performance and attract them?
Frequency
a. Training and development sessions 5
b. Rewards and recognition 10
c. Growth opportunities 5

Interpretation
From the above graph or table, it is analysed that out of 20 people, 5 people said talent
management strategies which is used in organisation is most effective training and development
given to employees. Another 10 people says that rewards and recognition is the talent
management strategy that is used effectively to enhance employee’s performance. and other five
people out of 20 said that growth opportunity is the best talent management strategies used by
Samsung to enhance their employees and attract them towards their brand.
Theme 3 sufficient praise and recognition
Q3. According to you, did an employee receives sufficient praise and
recognition for the achievements?
Frequency
a. Yes 15
b. No 5

Interpretation
It is analysed from above table that out of 20 samples, 15 respondents said yes, all employee
receives sufficient praise and recognition for their achievements in the organisation. and another
five people said no all employees did not get any praise and recognition effectively for their
achievements in the organisation.
Theme 4 need of talent management
Q4. Why there is a need of talent management strategies in Samsung
organisation?
Frequency
a. To increase company performance and productivity 12
b. To attract employees 8

Interpretation
Out of 20 people 12 people gone with the increasing performance and productivity is a need of
talent management strategies in Samsung. Rest of the eight people gone with, to attract
employees towards the brand is the need of talent management strategies used in organisation.
Theme 5 training and coaching
Q5. Did a manger of Samsung is providing proper training and coaching you
need?
Frequency
a. Yes 13
b. No 7