Comprehensive Talent Management Report: Morrison's Strategies

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This report provides an in-depth analysis of talent management strategies employed by Morrison, a UK-based retail company. It begins with an introduction highlighting the importance of human resource management and talent management in driving business growth and employee retention. The report then identifies and evaluates Morrison's current talent management strategies, including recruitment, selection methods, performance management, reward systems, and training and development programs. It also examines the company's gender pay gap reporting, analyzing trends, notable changes, and actions taken to reduce the gap. Furthermore, the report identifies the environmental factors, such as technology, economic factors, government regulations, and workforce demographics, that impact HRM practices. Part 2 of the report offers recommendations for improvement and includes a podcast, followed by a conclusion summarizing the key findings and references.
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Talent management
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Contents
Introduction................................................................................................................................3
Part 1..........................................................................................................................................3
Identify the current talent management strategies.................................................................3
Gender pay gap reporting.......................................................................................................5
Identification of the environmental factor which make an impact on HRM practices..........6
Part 2..........................................................................................................................................7
Recommendation report.........................................................................................................7
Podcast...................................................................................................................................9
Conclusion................................................................................................................................10
References................................................................................................................................11
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Introduction
The need of human resource are applicable for the many roles and make sure to
manage the activities of business growth. This is important for the company to work and
manage constant report which actually involve and attract to retain high quality of employees,
continuously and make motivation for the growth of the company. Talent management is
helpful for assigning and make more growth within the company (Appolloni and et.al., 2021).
The chosen company for this report is Morrison, a trading retail industry of UK and its
headquartered is in Bradford, West Yorkshire, United Kingdom. They are operating in more
than 400 stores and their number of employees are 110,000. This is the report, which include
the current talent management strategies, gender pay gap and many more environmental
factors for making an impact in the HRM practices. Further, another part involve the
recommendation and its evaluation for filling gap that help in addressing major issues related
to talent management.
Part 1
Identify the current talent management strategies
In order to complete the basic talent management strategies, Morrison are trying to
work and implement right strategies and make sure for adopting effective channels. The need
to use right talent management strategies and use that within the company to retain and attract
more and more quality team will be become the reason for the growth of the company.
Business strategies and HR strategies: there is the need to work and manage their
activities as per the business related growth. All of these are related to HR strategies as HR is
the one who manage and play a role for addressing some effective growth to boost up their
employees. This will involve the future oriented plan and create maximising the competitive
advantage through the organisational mission (Berkovich and Bogler, 2021). This strategy is
helpful for retain and attract the staff with the large company like Morrison. These policies
are helpful and effective for the growth of the company to work and manage the activities to
retain the talent.
Recruitment: This strategy must be clear and explain the role to recruit the staff for
the growth of the company. This will be helpful for the growth of the company and make sure
to identify the need of the company, recruit the more respondent and hire the high quality
standard for the company for filling effective positions. These all are related to growth and
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make effective strategy for recruiting an employee, as this is the very first process for
recruiting and filling the gap within the society.
Selection method: There are different way and make strategies which are helpful for
the HR team to work and manage the number of employees to make appropriate strategies for
having personality test and make work performance. For having compensatory work
situation. Morrison are the third largest retail company in UK, and for this they have to select
and make some strategies for growing and completing the basic need for gaining and
managing different strategies (Brahmbhatt, 2021). This is very important to use the right
selection process, which are cost effec6ive and less time consuming. As with the help of
these method, HR of the company are able to work and manage the activities to assign and
complete the task as per the growth.
Performance management: These process are helpful in managing and growing the
need to make sure for ensuring effective set of activities and meet with the different activities
and management process (Varma, Lamboglia and Mancini, 2021). This is the after selection
process, by which the management team can take effective actions for implementing growth
and analysis some major changes for the success within the future. All of these are helpful in
ensuring and make success over the time and make some strategic approach for defining right
step to analysis some major changes and growth.
Reward management: This is the strategy which are helpful for the companies to
work and manage the employee retention period within the society. All of these are helpful
for the company to work and manage their own activities to get reward. This must be work
and manage as per the equality and without any bias information (Chen, Zhang and Tyagi,
2021). The system of making reward are useful in such a big company like Morison and
make sure for providing right reward to right employee.
Training and development: After make the performance analysis and use the
effective strategies, then it will be related to growth and success of the company. All of these
are helpful and managing as per the society and make sure for addressing right situation at
right time. With the help of these strategies, company can grow in market with having quality
of talent management in their company.
Equality and diversity policies: These policies are helpful for creating and managing
the right employee and management team to work in growth. And it will be related to work
and manage the activities to analysis some effective and certain objectivities which are
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related to parental, mental, and physical, disabilities and make a religious belief for the
growth of the company (Daft, 2021). Morrison are using right quality and diversity policies
within their organisation as, they have to make some strategic approach for retain and make
success in the growth of company. All of these are helpful in managing right talent
management within the company and ensure for the success.
Gender pay gap reporting
Year Gender pay gap
2021-2022 15.03%
2020-2021 15.5%
2019-2020 17.3%
2018-2019 17.8%
Highlighting trend, notable changes and actions to reduce the gap:
After analysing the change and make some major growth for having the notable trend
as per the growth of the company, this will be related to work and manage the sources for
completing and managing gender pay gap. It has been analysis that the company are using
some major changes which are related to notable change and make actions for reducing gap
in a while. High trend which affect the declining rate of gender pay gap are basically related
to work and make some major changes within the company. Within the Morrison, the
company and their talent are basically essential for growing term and make a slow declining
rate of 17.8% to 15.03% from the last 4 years (Dandage, Rane and Mantha, 2021). It has been
related to work and manage for assumption and managing some growth to make success
within the company and assign the task as per the growing need and demanding situation for
accomplish some major changes.
Globalisation: this is the issue which are related to work and make some more
opportunities’ to work to analysis some major changes. All of these are related to high growth
rate in gender pay gap and make some strategic approaches for globalisation and local
changes. It has been related to work and make some major changes to assign some major role
for the growth of diversification within the company.
Diversity: this trend is related to work and make some strategic approaches and it will
be related to ensure for make approaches and essential growth to make success. This is very
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important as these are related to make some major changes to work in ethical and cultural
background. All of these are related to different attitude, values and cultural norms with some
strategic changes.
Network: This is an important source for arranging and managing the concept to
work and analysis some major issue within the company. All of these are related to work and
make some effective sources with the growth of company (Ejsmont, 2021). As per filling the
gender pay gap it has been very important for the companies top management are chosen
right strategies and implement within the company and try to minimise the act for the future
growth.
With the help of above three process, it has been analysis that the company are helpful
for managing and growing the need to work as per some static approach to minimise the
impact gender related issues within the company.
Identification of the environmental factor which make an impact on HRM practices
There are different ways and major changes which are related to environmental factor
which are helpful for filling the gender pay gap and many more issues which are highly
related to talent management strategies within the company. As per the record, the company
and their team are helpful if they are able to get and collect the information related to their
external environment (External Factors that Affect Human Resource Management, 2021).
Which directly or indirectly make an impact on their HRM practices. So for these some major
information are provided:
Technologies: this is an external factor which are related to work and make some
external influences when some new technologies are adopted by the company. It is important
for them to analysis and make some major changes growth which are related to the essential
factor and adoption facilities. With the help of these external source, HR manager are able to
work and assign the cost cutting efficiency to improve and assign the task to make minimise
the risk and work as per the ascertain growth.
Economic factors: This will be related to one of the biggest external factor, as it will
make the major impact on the shaping of economy. While working and make some effective
growth the need of the company and their major are basically related to work and ascertain
the growth of the company in an organised manner (García, Avella and Valle, 2021). Like
facing the impact of covid-19 the company and their changes are applicable for the declining
rate of the company’s talented people form their own space.
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Government regulations: With the introduction of the new technologies, regulation
and compliance standard will majorly impact on the growth of the company (Rubel, Kee and
Rimi, 2021). All of these are related to work and make some effective growth to assign the
task and make hiring, training staff, retaining, selection and many more method which can
directly and indirectly affect the growth of the company’s TM strategies.
Workforce demographics: This has been related to work and manage the activities
to perform and manage the workforce demographic which are helpful for designing and make
some major changes. All of these are related to an older generation and make some effective
growth to retire the old generation and make the clear entrance for the new generation who
are working with their own conditions.
Part 2
Recommendation report
There are different ways which are helpful for the company and being effective
growth and make success within the company. All of these are highly related to work and
make some effective strategies to accomplish the task and make some higher growth within
the company and make some essential growth over the society.
Rationale: Strategies must be rationale in nature so that it could be helpful for the
company and their employee to perform effectively in market. The need to make some
effective strategies over the company, which are related to effective changes and implement
as per the management of the company (Walker and et.al., 2021). All of these are related to
work and make some strategic approaches which are helpful for the growth and make some
strategic changes within the company. The need of the company to pursue some major
changes over the period of time and make some effective growth to analysis and implement
some major and effective growth.
Morrison are having some large number of employee, so to analysis effectively and
make some alternative atilt management strategies are very important. For the large scale
companies, many of the activities are needed to be strategies and for this they have to work
and analysis some effective changes over the period of time. Some of the effective and
essential growth are sustain and make some effective growth (HOW TO OVERCOME THE
GENDER PAY GAP, 2020). The rational behaviour leads to the work culture and make some
more essential approaches which are helpful for the growth and analysis on the basis of
different aspect and their growth in the market.
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Brief description of the problem: In UK, the existence of the gender pay gap are
highly related to the applicability and management of the company with equality and
diversity. As per the major figures, average women in the workplace are earning 9% less than
men still. So this could be the major risk and issue within the retail or any other industry. This
is very important for the company like Morrison that they should overcome the issue and
analysis some important aspect which are highly related to the company and their basic
approaches. There is the need for the companies to overcome the gap and try to implement
effective strategies for workplace management facilities, equality, and diversity and make
some strategic changes which are related to growth and declining rate of the company
(Pepple and et.al., 2021). The gap which are paid to a women and men is much wider as per
their capabilities.
All of these are shown and influencing to use right talent management strategies and
overcome the gap as per the deciding nature. All of these are helpful for gaining some major
solution and try to analysis on the time for their own growth and opportunities’ in market
(KIM, YOUN and MOON, 2021). Morrison needed to be analysis their own gap which are
discussed above and make some effective strategies for implementing right step and their
growth in that. After that company would be helpful to implement righty strategies and
analysis some basis for gaining some major changes.
Description of the solution: The Company is basically related to work and make
some strategies for gaining completed and make some audit for business pays and make it
visible for make male and female for enjoying female to transport in the effective term and
make some on the result. All of these are related to research for calculating into the research
and make salary and make increase in gaining to work and salaries as per the fair for solving
to make market research to ensure and make salaries to make gender pay. It has been related
to work and make gender pay gap, but the respect for booster for the competitive and make
too. For some major changes to analysis and make some strategies (Klingler-Vidra and Kuo,
2021). This recommendation for basic some major pay gap, but with respect to make
effective competitive too. For the growth to analysis and make some effective growth for
opportunities and make effective growth. With the help of effective salary as per the carrying
research and formula use to implement for calculating salary increase.
How recommendation should implement: For implementing some major changes,
for the growth to accomplish some carrying out the possibilities and analysis some market
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rate which are helpful for gaining effective growth within the market. The need to implement
recommendation and analysis some major changes within market are effective and helpful.
The company should be open up for their paying schedule, as per the management the
company are able to pay and make some effective growth. They should follow and make
some policies related to payment method and it would be transparent for the company and
their every employee as well. As these are effective and helpful for the company to work and
make some strategic changes which are implemented for the company policies and used
effective growth.
They further, should published their all ethical and visible data and information
related to their employee on their website which make a transparency for the company’s
employee (Le Breton-Miller and Miller, 2021). Also for saving their data protection the
management team can use a software which are only operated by the company’s staff and
can’t be modified easily by anyone. It would be make essential growth and analysis some
major changes within the company.
Podcast
Morrison needed to be work and analysis some major conclusion for the growth of the
company and make sure to manage all other activities in an authorised manner. These could
be helpful and effective for the growth and make some strategies which are related to
company’s new policies and strategies which related to work as per the talent management
process.
The need to analysis and make some effective strategies to overcome the issue and
make some major sources for filling gap in gender pay issue is very important. As per the
figures, most of the women are facing discrimination in the workplace by earning 9% less
than men (How to overcome the gender pay gap, 2020). So this could be the main risk and
matter of question to ask and to overcome the issue within the company like Morrison.
Company should use effective gender pay strategies and try to implement that they
make a transparency within the company. All of these are related to make some major cities
and work as per the growth. All of these are helpful for gaining and managing some task and
analysis the way to work and make transparency within the employees for their team and
management of HR.
They should shadow and make certain policies related to compensation method that
will be translucent for company and their employees as well (McGee and Channon, 2021). As
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these are real and obliging for company to effort and make some planned changes which are
applied for the company rules and used current development. This way will be helpful for the
Morrison to work and manage their activities as per their deciding schedule and fill the gap
which prevailed within the market.
Conclusion
Form the above report, it has been related to the need and memorising some major
strategies which are helpful for the biggest company like Morrison. Their talent management
strategies needed to be upgraded and make some effective growth to analysis some major
changes over the period of time. There are some specified changes which are helpful for
making some effective strategies and analysis the impact over the society. There are some
major change and growth which make some effective growth to analysis the impact and make
effective recommendation for the company’s own growth. All of these are essential and
helpful for the company to work and manage their daily issues related to gender pay gap or
any other external factor which affect their growth.
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References
Books and journals
Appolloni, A. and et.al., 2021. Distance learning as a resilience strategy during Covid-19: An
analysis of the Italian context. Sustainability, 13(3), p.1388.
Berkovich, I. and Bogler, R., 2021. Conceptualising the mediating paths linking effective
school leadership to teachers’ organisational commitment. Educational Management
Administration & Leadership, 49(3), pp.410-429.
Brahmbhatt, A.C., 2021. The Impact of Cultural Diversities on Global Business: Challenges
and Strategies. In Culture in Global Businesses (pp. 105-131). Palgrave Macmillan,
Cham.
Chen, J., Zhang, X. and Tyagi, R.D., 2021. Impact of nitrogen on the industrial feasibility of
biodiesel production from lipid accumulated in oleaginous yeast with wastewater
sludge and crude glycerol. Energy, 217, p.119343.
Daft, R.L., 2021. Management. Cengage Learning.
Dandage, R.V., Rane, S.B. and Mantha, S.S., 2021. Modelling human resource dimension of
international project risk management. Journal of Global Operations and Strategic
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Ejsmont, K., 2021. The Impact of Industry 4.0 on Employees—Insights from
Australia. Sustainability, 13(6), p.3095.
García, F., Avella, L. and Valle, S., 2021. Offshore manufacturing and firm innovation: the
moderating role of technological capabilities. European Journal of International
Management, 15(1), pp.46-78.
B. Walker, T., Lee, T.J. and Li, X., 2021. Sustainable development for small island tourism:
developing slow tourism in the Caribbean. Journal of Travel & Tourism
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KIM, S., YOUN, S. and MOON, J., 2021. The Impact of Basic Psychological Needs
Satisfaction on the Performance of the Franchisee. Journal of Distribution
Science, 19(1), pp.17-26.
Klingler-Vidra, R. and Kuo, Y.C., 2021. Brexit, Supply Chains and the Contest for
Supremacy: The Case of Taiwan and the Semiconductor Industry. In A New
Beginning or More of the Same? (pp. 183-203). Palgrave Macmillan, Singapore.
Le Breton-Miller, I. and Miller, D., 2021. Alienation among Management Scholars. Revue
française de gestion, (1), pp.53-75.
McGee, J. and Channon, D.F., 2021. The Blackwell encyclopedia of management. Strategic
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Pepple, D. and et.al., 2021. Solutions to Reflection Questions and Answers. Financial and
Managerial Aspects in Human Resource Management: A Practical Guide, Emerald
Publishing Limited, pp.131-151.
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Rubel, M.R.B., Kee, D.M.H. and Rimi, N.N., 2021. The influence of green HRM practices on
green service behaviors: the mediating effect of green knowledge sharing. Employee
Relations: The International Journal.
Varma, A., Lamboglia, R. and Mancini, D., 2021. What motivates the accountants' awareness
of their impact on corporate reputation?. International Journal of Management and
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Online
External Factors that Affect Human Resource Management, 2021. [Online]. Available
through: < https://blog.shrm.org/blog/4-external-factors-that-affect-human-resource-
management>.
HOW TO OVERCOME THE GENDER PAY GAP, 2020. [Online]. Available through: <
https://www.voltinternational.com/blog/2019/07/how-to-overcome-the-gender-pay-
gap>.
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