Research Project: Talent Management Strategies for Business Success

This research project investigates the impact of talent management strategies on business success, with a specific focus on Travelodge. The project includes an introduction outlining the importance of talent management in attracting and retaining employees. The research aims to examine effective talent management strategies to enhance organizational opportunities. Objectives include understanding the conceptual framework of talent management, assessing the impact of talent assessment, identifying suitable strategies, and determining their impact on business opportunities. The project presents findings from stakeholder surveys, revealing insights into the importance of talent management. The conclusion emphasizes the need to retain top talent. Recommendations are provided to attract and retain talent. The project includes a list of references.

RESEARCH PROJECT
(Research Outcomes)

Table of Content
 Introduction
 Aim
 Objectives
 Findings to Stakeholders
 Conclusion
 Recommendations
 Recommendations

Introduction
The project initiates to determine the impact of talent
management strategies for increasing successful opportunities for a
business. Therefore, talent management is an imperative aspect
which is widely focused area of human resource to attract and
retain talent at workplace. Thus, talent management is effective for
the business in enhancing the operational ability and aid the
business towards approaching effective opportunities to success
and progression.

Research Aim
To examine the effective talent management strategies for
increasing successful opportunities for an organisation. A case
study on Travelodge.

Research Objectives
 To enhance understanding in relation to the conceptual framework
of talent management and its significance in the context to business.
 To access the issues that company can face due to inappropriate
assessment of talent.
 To identify the suitable strategies of talent management within
Travelodge.
 To determine the impact of talent management in increasing the
opportunities for the business.

Findings to Stakeholders
Stakeholders are the most important part of the project as in this
individual and companies are involved who are primarily
affected by their results who have an interest in investigation
report. Stakeholders mainly relay over people who are
reinforced through and less supportive of investigation.
Stakeholders performs an effective participation in the
successful implementation of investigation operations.

Outcomes
Q1) Do you have an appropriate understanding in relation to the concept of
talent management?
Frequency
a) Yes 19
b) No 1

Continue…
Q2) According to you, managing talent is significant for Travelodge to
enhance the operations of the business?
Frequency
a) Yes 18
b) No 2

Continue…
Q3) As per your perspective, what are the reasons that pushes a business to
manage talent at workplace?
Frequency
a) Reducing extra company cost 8
b) Motivate Employees 5
c) Boost Performance 4
d) Increasing collaborative working 3

Continue…
Q4) According to you, what are the benefits of talent management to an
organisation?
Frequency
a) Strategic Hiring Process 5
b) Improved Onboarding Experience 5
c) Retain Top Talent 5
d) Employee Development 5

Continue…
Q5) What do you think, are the potential advantages gained by Travelodge
by managing talent at workplace?
Frequency
a) Increasing Profitability 4
b) Developing team working 4
c) Strengthen the workforce 4
d) Reducing employee turnover 8

Conclusion
As per the in-depth analysis executed over the aspect of
determining the strategies of talent management to enhance
opportunities for the business, it has been concluded that, in
the modern and competitive business era, the key motive of
each small as well as large business enterprises is to retain top
talent at workplace to enhance the operational ability of the
business.