Literature Review: Tesco Talent Management Strategies and Challenges

This literature review examines talent management strategies within the retail sector, specifically focusing on the case of Tesco. The review explores key themes including the concept of talent management, different strategies employed during the COVID-19 pandemic, the importance of retention and a skilled workforce, and the challenges faced by organizations. The review references various scholarly sources, such as Claus (2019), Krishnan and Scullion (2017), Beamond, Farndale and Härtel (2020), Tamunomiebi and Worgu (2020), and Froese et al. (2020), to provide a comprehensive overview. It highlights the importance of job descriptions, cultural fit, continuous training, and employee rewards, particularly in the context of the pandemic. Challenges discussed include compensation demands, talent market competition, and company culture, emphasizing the need for effective talent management to achieve business objectives and goals. This assignment offers a detailed analysis of the topic.

LITERATURE REVIEW

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................3

LITERATURE REVIEW
Theme 1 Concept of talent management
According to the Claus (2019), Talent management refer to the process of managing the talent
and the skilled employees in the workforce so that the organizations can increase their
performance to increase the productivity and profitability of the organizations in achieving
business objectives and goals. It is a constant process that involved retention and attracting high
quality employees and also developing their skills and motivating them to improve the
performance so that the organizations can utilize that performance and that morale increasing the
business objectives and goals. Talent management naturally encompasses many of the
responsibilities of the human resource management of the organizations. Tesco focus in utilizing
the best of their talents which are already working in the organization and retaining those talents
for a longer period of time so that the organizations can improve their performance for a longer
period of time and also utilize them in the best of the process of the organization. Talent
management is one of the most important part of the organization as it's very important for the
organizations to retain their best talent and managing talent is important as it helped the
organization in achieving the business objectives and goals. talent management is very crucial in
today's world as the COVID-19 pandemic is going and it is very important further organizations
to maintain and manage all their talent and employees so that they do not face any losses and the
work in such crucial time goes on in their regular note and it also gives a strength to the
organization in utilizing the best of their talents into the operational and production of the
organizations in providing product quality and services to the customer.
The Krishnan and Scullion (2017), suggested that, it is very important for Tesco do utilize the
best of the talent management process in the organizations so that that does not get affected in a
major term due to COVID-19 pandemic. COVID-19 pandemic has hit huge impact on many of
the industries and retail industries also get affected due to the COVID-19 and it is very important
for the organizations to understand the criticality and crucial it of the COVID-19 pandemic
situations. Where people are losing their jobs and are shifting to different organizations it is very
important for the Tesco to manage their best of the talent and retain the best of the talent in the
crucial time so that in future they can utilize those talent employees increasing the productivity
and profitability of the organizations and it is very crucial for them to increase all the processes
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so that in future they can utilize them in achieving business objectives and goals. Tesco Always
focus in providing the best talent management in the organizations as the management of the
organizations think that it is very important to manage their talents and employees for a longer
period of time so that they can utilize them in future to increase the performance and
productivity. And the organization also wants their employees to rely on the organizations which
help and increase a good relationship and born which help in futures for higher performance.
Theme 2 Type of talent management strategies during COVID-19 pandemic
According to the Beamond, Farndale and Härtel (2020), there are different type of talent
management strategies which are used by the human resource team and the talent management
teams in the organization. the first strategies which are used by the talent management is to
understand the power of job description. It is simple but essential strategy used by the talent
management which define who come in to represent your company an intern defined your
organizational success. it is the process in which the management provide all the job description
and provide the overall job descriptions to the employees and make them understand the power
of the job descriptions and how it can be utilized in a productive manner. it includes job title
overall duties which an employee needs to do and the necessary skills which are required to
perform for the job offered. it is very important for the employee to understand the job
descriptions and it includes the duties and the skills which are required so that the employee can
increase their skills and understand the duties to improve their performance and help the
organizations in achieving the business objectives and goals. it also includes different tools and
equipment’s which are used in the job offered and what are the salary and benefits which the
candidate will get for the job position.
According to the Mahfoozi and et.al., (2018), the other strategies are to assess candidate cultural
fit and providing continuous training and development opportunities to the employees to increase
their performance for a longer period of time and also provide them such training and
development opportunities which can help them in increasing performance by which they can
help the organisations in achieving objectives. Training and development opportunities are
important and it is very important for the management and Tesco to provide continuous training
and development to the employees and make them learn about the cultural fit end to learn to
become a coach which can be used in future. The organizations also need to increase the cultural
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fit in the organization so that the employees get write descriptions of the job and also the
organizational culture help the and blows in working in a positive way and it is important and a
responsibility of the management of the company to provide such a culture to the employees so
that they can increase their performance and work in such a atmosphere that it also increase a
positive life. during COVID-19 it is important for them to provide such a atmosphere and culture
that they feel safe while doing the work and it is important for them to work in such a hygienic
end a positive way of working.
Theme 3 Retention and skilled workforce during COVID-19 pandemic
According to the Tamunomiebi and Worgu (2020), it is important for the organizations to have
the best of the talent management in their organizations so that they can increase the retention in
the skilled workforce in the organizations and provide the best to the organization so that the
organizations can increase their productivity and profitability in the organization. Tesco always
focus in increasing the talent management so that they can have the best retention rate in the
organizations and they retain the best of their talent employ for a longer period of time. the major
functions of talent management and the human resource management of the organization is to
retain the employees, working in COVID-19 situations and in the pandemic it is important for
the organization to retain most of their employees so that they does not need to spend a lot on
their training and development of new employees and it is important in such a crucial situations
to retain the best of their talent so that they can surpass this phase in the pandemic with the ease
and doesn’t affect major in their working. it is crucial for the management of the organizations to
work in such situations as covenanting is one of the major challenges which whole world have
faced and working in retail sector is also a challenge which covenanting have hit on a huge
impact. Retention and skilled workforce are very important and talent management team needs to
provide the best in such a manner so that they can retain majority of that skilled employees and
reduce the new training and development expenses and also help the organizations in savings
their crucial finance stages in such a pandemic.
Johennesse and Chou (2017), suggested, it is one of the major purposes of talent management to
retain their employees for the company for a longer period of time and the organization should
make different strategies and approaches to make the workplace is an enjoyable and meaningful
place to work for the employees so that they enjoy every single part of the organizations and
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work harder for the organizations and rely on Tesco. Tesco focus in providing the best rewards
and also acknowledge every employees because it is very important as the pandemic is going on
and it is important for the organizations to provide good rewards an make then feel important in
the organizations and provide them with better gifts and vouchers from the organizations so that
they feel that they are connected with the organizations an employer increase their performance
which can help the organization in achieving the business objectives and goals. it is very crucial
for the organizations to retain the skilful employees and during the cover 19 pandemic it is
important for the Tesco to increase their retention rates so that they can increase their
performance while providing the best of the quality services.
Theme 4 Challenges faced by different talent management strategies of organizations
The Froese and et.al., (2020), suggested that there are a lot of challenges which organization fails
while making different strategies of talent management and working in the talent management. it
is crucial for the organizations to maintain their talent management and Tesco always focus in
utilizing the best of their resources in increasing the talent management so that they can increase
their performance in high quality manner and provide quality services to the customer. there are
a lot of challenges which the organization faces and it includes the higher total compensation
demands which employs feel as a pressure to provide well for themselves and for their
dependents. It is important for the employees to get the best compensations from the
organization and the organizations need to maintain all the challenges which they face while
doing the talent management. There are other different challenges which also include in the
talent management including the tightening talent market in the market, it is very important for
the organizations to retain the best of their talent because it is too hard to find the best candidates
every single time and to train them and increase their skills and ability takes a lot of time and
there are a lot of competition in the market regarding their talents so that most organizations
focus in retaining the best of their talents and it is most important factors of the organizations in
the talent management's to retain their best quality and skilled employees for a longer period of
time so that they can increase their performance and also increase and achieve all their business
objectives and goals.
Tafti, Mahmoudsalehi and Amiri, (2017), stated that there are other challenges with include the
unappealing company cultures which can be a major factor and a major challenge for the tenant
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management teams to focus and make the best of the company culture so that the employees can
work in a freedom and in a positive way which can help in improvement of their performance. it
is very crucial For Tesco to make the best culture of the workplace and to provide all the
necessary equipment’s and health and safety measures in the organizations as the COVID-19
pandemic is going on and it is very crucial for the management to provide the best health and
safety features to all the employees so that they feel safe and secure while working for the
organizations and it is very important in such a pandemic time to provide the best of the safety to
the employees so that they can work and rely on the organizations and increasing the hard work
which they put into their work and provide the best of the services to the organizations helping
the organization in Achieving all the business objectives and goal. And the organizations also
need to provide the best of the leadership as leadership is one of the challenges which talent
management faces and it is important for the organizations to provide the best of talent
management and good leaders in the organization so that they can increase their performance and
find a good leader helps in increasing performance which can help the organizations for better
results.
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REFERENCES
Books and Journals
Beamond, M.T., Farndale, E. and Härtel, C.E., 2020. Frames and Actors: Translating Talent
Management Strategy to Latin America. Management and Organization
Review, pp.1-38.
Claus, L., 2019. HR disruption—Time already to reinvent talent management. BRQ Business
Research Quarterly, 22(3), pp.207-215.
Froese and et.al., 2020. Liability of Asianness? Global talent management challenges of Chinese,
Japanese, and Korean multinationals. Human Resource Management
Review, 30(4), p.100776.
Johennesse, L.A.C. and Chou, T.K., 2017. Employee Perceptions of Talent Management
Effectiveness on Retention. Global Business & Management
Research, 9(3).
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.
Mahfoozi and et.al., 2018. Developing a talent management model using government evidence
from a large-sized city, Iran. Cogent Business & Management, 5(1),
p.1449290.
Tafti, M.M., Mahmoudsalehi, M. and Amiri, M., 2017. Critical success factors, challenges and
obstacles in talent management. Industrial and Commercial Training.
Tamunomiebi, M.D. and Worgu, V.O., 2020. Talent Management and Organizational
Effectiveness. Journal of Contemporary Research in Social Sciences, 2(2),
pp.35-45.
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