Talent Management Impact on Employee Retention at ASDA

This report, focusing on ASDA, investigates the impact of talent management strategies on employee retention and development. It begins by outlining the research topic, aim, objectives, and questions, followed by a literature review on the importance of talent management. The research methodol...Read More

Unit 6 – Managing Successful
Business Project

Table of Content
 Research Topic
 Research Aim
 Research Objectives
 Research Questions
 Literature Review
 Research Methodology
 Data Analysis and Interpretation
 Recommendation
 Reflection
 Conclusion
 References

Research Topic
E- Portfolio: What talent strategies do the best companies use to attract and retain
people?

Research Aim
The main aim of this research study is to identify the impact of talent management
strategies on employee’s retention and development. A case study of ASDA.

Research Objectives
 To understand the importance of talent management in context of organization.
 To determine the benefits of talent management strategies to attract & retain
employees in the organization.
 To indentify the key challenges that mainly experienced by the ASDA due to lack of
talent management technologies.

Research Questions
 What is the importance of talent management in context of organization?
 What are the benefits of talent management strategies to attract & retain employees in
the organization?
 What are the key challenges that mainly experienced by the ASDA due to lack of
talent management technologies?

Literature Review
 Importance of talent management in context of organization.
According to the Ashley Brooks, ( 2019), revealed that talent management considered
as an integral part of the organization. HR professional is responsible to work on
talent management so that manager can conduct strategic hiring process and recruit
top most talent for the organization. The importance of talent management is
increasing continuously because there is a huge demand of talented employees at the
marketplace.

Work breakdown structure

Gantt Chart

Research Methodology
-
Research methodology is like a strategic framework which can help to to complete
the research process in an effective manner. Research methodology is work like a
blueprint and a roadmap which is used by the researcher to complete the research
appropriately. It is helpful to create, identify and execute the research tasks
property. With the help of research methodology, researcher can measure and
implement all the research information and also maintained the validity &
reliability of the research.

In which way, talent management affect the
productivity of the organisation?
29
1
Frequencies
A. Positive
B. Negative

In your opinion, what is the main benefit of
talent management for organisation?
7
6
8
9
Frequencies
A. Better Succession Planning
B. Strategic hiring
C. Performance management
D. Retain best talent

Which is the main challenge of talent
management mostly experiencing by the
organisation?
9
68
7
Frequencies
A. High employee turnover
B. Lack of leadership
C. Unappealing organisational culture
D. Lack of Digital Expertise

What are the various applications of talent management
that mainly used by the ASDA to attract & retain high
potential & skilled employees in their organisation?
10
8
7
5
Frequencies
A. Talent Identification
B. Talent development
C. Talent Acquisition
D. Talent Classification

What is the crucial role of HR manager of
ASDA in talent management?
7
96
8
Frequencies
A. Recruit top talent
B. Formulate effective policies
C. Systematic organisational structure
D. Advanced level training sessions

Recommendations
On the basis of analysis & implementation of the data, there are few recommendations
for the ASDA company are discussed below -
Organization need to focus on to formulate more Strategic policies which can help full
to maintain the employees. ASDA should provide appropriate recognition to their
employees so that they can understand their value.

Reflection
 In this research report, I have successfully completed my task and I am feeling
so grateful to be a part of this research project. I am considering it as a huge
opportunity to understand the importance of talent management and gain in-
depth knowledge about the benefits and challenges of the talent management
for the organization. In this project , I had applied my academic knowledge and
experience and also used my existing skills and knowledge like my
communication & critical problems solving skills are good then I used these
skills in this research.

Conclusion
 According to this report it can be concluded that talent management play a
significant part in the development of the organization employees which is also
improve the productivity. This report identified the importance of talent
management and various benefits of this to retain the best talent in an organization.
There are various challenges faced by the firm due to the poor practices of talent
management. This report conducted small research to identified the most
appropriate outcomes.

References
 Chung, K.L. and D’Annunzio-Green, N., 2018. Talent management practices in
small-and medium-sized enterprises in the hospitality sector. Worldwide
Hospitality and Tourism Themes.
 da Silva, C.S.R., 2017. Research design-the new perspective of research
methodology. Journal of Education, Society and Behavioural Science, pp.1-12.

Thank You