Analysis of Talent Management Approaches at Verdant Leisure

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Added on  2023/01/05

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AI Summary
This business project examines the influence of different cultures on talent management approaches within the Verdant Leisure company. The project includes a detailed introduction outlining the importance of effective talent management and its impact on organizational success. It covers aims and objectives, research questions, and a project management plan with considerations for cost, time, scope, and quality. The project incorporates a Gantt chart and a work breakdown structure (WPS) to organize tasks. A small-scale research component is included, utilizing both quantitative and qualitative methods, along with primary and secondary sources, including questionnaires to gather data from a sample of 30 respondents. The interpretation of the findings is presented, analyzing responses to key questions about talent management, cultural influences, and the strategies employed by Verdant Leisure. The project also offers recommendations based on the research findings and concludes with a reflection on the project's learning outcomes and the importance of talent management in the context of Verdant Leisure. References and appendices, including a performance review template, are also provided.
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BUSINESS PROJECT
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Table of Contents
TOPIC..............................................................................................................................................1
INTRODUCTION ..........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Aims and objectives ..............................................................................................................1
P2 Project management plan.......................................................................................................2
P3 Gantt chart and WPS..............................................................................................................3
TASK 2............................................................................................................................................5
P4 Small scale research ..............................................................................................................5
P5 Interpretation of findings.......................................................................................................7
P6 Recommendations................................................................................................................12
TASK 3..........................................................................................................................................12
P7 Reflection ............................................................................................................................12
CONCLUSION .............................................................................................................................13
REFERENCES..............................................................................................................................14
APPENDICES ..............................................................................................................................15
Performance Review Template.................................................................................................18
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TOPIC
“To examine the different culture that influence the Talent management approaches
which is used by the organisation”. The case study is related to the Verdant Leisure.
INTRODUCTION
To manage the business enterprise effectively and efficiently companies can adopts the
policies and procedures that can be implemented appropriately so that firm will survive for a
longer period of time. To manage the company Talent management reflects the vital role for
success in the different culture present within the working area so that employees are to be
retain(Bjorkman, 2020). In this different culture influence the approaches of the talent
management within the organisations so that profitable results can be enjoyed. To complete this
project report Verdant Leisure is to be undertaken that a small and medium size company within
UK. This business report involves the aims and objectives, Gantt charts, Project management
plan related to cost time etc. It also involves research and reflection on the values that is
generated at the time of doing this project(Bell and Harrison, 2018) .
TASK 1
P1 Aims and objectives
The below research is based on the different cultures that will influence the talent
management approaches within the company. In case of Verdant Leisure, management of the
company highly focus on the talent management approaches that is impacted by the culture
difference. To highly focus on this talents and experienced workforces are to be attracted
effectively and firm will gain high amount of profits and revenues. Verdant leisure is a small and
medium size company that offers the wide range of holiday options in the several destinations
related to Scotland, Durham, Northumberland where the travellers can spend their time and
explore new activities in several region. For this company high emphasis on the including
different culture so that management can manage effectively and more talented employees are
retain(Belz and et. al., 2019) .
Aims- To determine the distinct culture which influence the approaches of talent management
that is adopted by the business enterprises.
Objectives
To effectively understand the talent management within the company
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To determine the importance of different culture in influencing talent management
approaches in order to retain and encourage potential workers.
To examine culture used by the talent management that is used to attracts and retain
talented workforce.
To reflect the importance of talent management within organisation
Research questions
Explain the understanding of talent management in organisation
Explain the importance of distinct culture that influence the talent management
approaches for retain and motivating workers.
Explain culture that is adopted by talent management to retain and attrcats talented
employees.
What are the importance of talent management within company
P2 Project management plan
It refers to the collection of subsidiary and baselines plans which includes the schedule,
cost, time, risk, communication etc. so that repetitiveness of the project is to be
eliminated(Berger, 2020) .
Cost- It includes the total cost that is to be needed in the business enterprise so that
researcher can use this effectively for completing their work so the elimination of the
wastage can be removed. For researching Verdant Leisure can prepare a amount of
£68000 that can be related to several components(Collings and et. al., 2018) .
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Time- It refers to a element that can includes the overall period of time which is used by
the researcher to complete the research in effective way. In this manager can take the
adequate time for research so that they can get the effective result in the project
completion. Due to this all the risk factors are to be reduced and effectiveness can be
declared appropriately(Taylor, 2018).
Scope- It reflect the detailed period of time that helps in maintaining the long term
strength of the company. In this researcher can make sure related to the set of strategies
so that goals can be attained in definite period of time. For this they can sure about each
and every activities is to be implemented successfully(Janjić and Rađenović, 2019) .
Quality- It refers to that determinant that a investigator can used to confirm the actions
and activities so that it can be completed in time frame. It helps in proper collection of
data and statistics so that effective results can be gained. In this if outcome of the
research is executed within the organisation than it reflects the positive manner.
P3 Gantt chart and WPS
Gantt chart- It refer to that chart which demonstrate in the form of the bar graph and
also briefing related to the several activities and work that is to be performed in the project
management. It shows the dependency related to the task so that the work related to research is to
be completed effectively with proper understanding(Pandita and Ray, 2018) .
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4
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Work breakdown analysis
It refers to that analysis which is helpful for the researcher to differentiate all their task by
making it into small segments that is divided into the several slots by the investigator so that
judgement can be done effectively through which complexity is to be removed in effective
manner(Bagherzadeh and et. al., 2019) .
TASK 2
P4 Small scale research
Research refers to that component in which investigation is to be done by the researcher
for better understanding about the specific topic so that accurate information is to be collected
for gaining the effective judgement in systematic manner. It is to be done for gathering the
several constructive information related to facts and figures so that appropriate ending is to be
done.
Quantitative method- It refers to that method that is used by the researcher at the time of
collecting the several essential information by using the mathematical formulation,
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statistical interpretation etc. it is effectively done with the support of tools and
computational techniques(Heldman, 2018) .
Qualitative method- In this researcher make the analysis on particular project which the
help of unformulated data and statistics that is to be completed to generate the appropriate
and underpinning scheme.
Primary source- It refers to that source in which researcher can collect the adequate data
and information in the form of questionnaires, polls etc. so that appropriate results are to
be shown.
Secondary source- In this investigator can collects the knowledge and information in the
useful data that is already used by the some other persona in marketplace. In this several
aspects is to be included that are newspaper, article, financial reports.
Sampling- It defines that process that helps in specified the group of person who are targeted
from the overall population for developing the information for the research. In this the sample
size is to be taken is 30(Englund and Graham, 2019) .
Questionnaire
Quantitative questions
Q1) Do you know about the outlook of talent-management within an organisation?
a) Yes
b) No
Q2) Do you think that talent-management is is influenced by culture that is used by an
organisation?
a) Yes
b) No
Q3) Does Verdant Leisure worked for developing the culture for attracting potential employee
as in relation to talent-management?
a)Yes
b) No
Q4) What are the strategies that is used by Verdant leisure in order to execute talent-
management approaches based on culture within an organisation?
a) Provide detailed job description
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b) Pathway to gain continuous success
Q5) What is the significant impact of talent-management approaches that linked with the
culture within organisation ?
a) Enhancing employees satisfaction
b) Increasing productivity
c) Encourage different culture values within the company
Qualitative questions
Q6) What kind of strategies is used by Verdant leisure for developing the different working
culture within organisation?
Developing the job description
Provide pathways to success
Q7) What sort of initiatives is taken by Verdant Leisure to enhance the culture within the
company.
a) Offering appropriate training
b) Evaluate their behaviour related to performance
Q8) Recommendation
P5 Interpretation of findings
Q1) Do you know about the outlook of talent-
management within an organisation?
Frequency
Yes 20
No 10
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Interpretation
It is interpret ate that the above finding that is draw within the table is out of 30
respondent in which 20 are active about the talent management outlook and 10 are not aware
about this. Due to this Verdant Leisure have the successful talent management because most of
the workers are in favour of this. It helps in enhancing the level of employees knowledge so that
they work effectively.
Q2) Do you think that talent-management is influenced by culture that is
used by an organisation?
Frequency
Yes 25
No 5
8
Yes No
0
5
10
15
20
25
20
10
Yes No
0
5
10
15
20
25
30
25
5
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Interpretation
From above data it is to be concluded that out of the 30 respondent 25 are in favour of
talent management and the using culture within the organisation so that high success can be
enjoyed by firm and in this 5 are not in the favour of this. It reflects that Verdant Leisure
employees are majorly in favour culture that is adopted by talent management.
Q3) Does Verdant Leisure worked for developing the culture for attracting
potential employee as in relation to talent-management?
Frequency
Yes 19
No 11
Interpretation
From above analysis it is concluded the and out of the respondent that are 30 19 are in
favour related to developing the culture within talent management for maintaining potential
employees within the organisation and in this 11 are not in the favour. It reflects that the
majority are in the favour of the talent management developing culture for attracting the number
of employees.
Q4) What are the strategies that is used by Verdant leisure in order to
execute talent-management approaches based on culture within an
organisation?
Frequency
9
Yes No
0
2
4
6
8
10
12
14
16
18
20 19
11
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a)Provide detailed culture knowledge 20
b) Pathway to gain continuous success 10
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