Talent Management Strategies and Challenges: A Case Study Report

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Added on  2023/01/03

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This report delves into the critical aspects of talent management, focusing on strategies for attracting and retaining employees within an organization, using Sainsbury's as a case study. The research begins with an introduction to the concept of talent management, emphasizing its significance in fostering employee loyalty and organizational growth. The report outlines the research aims, objectives, and research questions, followed by a description of the research methodology, including data collection and analysis techniques. Primary research is conducted through questionnaires, with frequency data analysis and interpretation. The findings highlight various strategies used by Sainsbury's for talent management, such as performance assessment, compensation, recruitment, and job descriptions. Based on the analysis, recommendations are provided to improve talent management practices, including fostering flexibility and delegating decision-making responsibilities. The report concludes by summarizing the importance of talent management for organizational sustainability and competitiveness, emphasizing the value of retaining skilled professionals. This report provides an overview of talent management practices and offers insights into the challenges and opportunities associated with it.
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Managing Successful
Business Project
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Table of content
INTRODUCTION
Aims and objectives of research
Research questions
Research Methodology
Data analysis
Recommendations
Conclusion
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INTRODUCTION
Talent management refers to a process of retaining right amount of talent on
board a company is human resource which will help in increasing
productivity as well as profitability of organisation. There are a number of
different continuous measures taken by an organisation in order to make
sure that they are attracting and retaining skilled employees within the
organisation. In order to continue with this motivation and encouragement is
provided to employees along with various training and development
programmes
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Aims and objectives of research
Research aim
To determine different strategies that will help organisation in attracting
and retaining talent at the workplace.” A case study on Sainsbury’s
Research objectives
To understand the concept of talent management
To analyse various strategies used by organisation to retain talent
To analyse various challenges that are faced by organisation while retaining
talent in the workplace
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Research questions
What is the meaning and concept of talent management?
What are different strategies used by organisation to retain talent at
workplace?
What are various challenges that organisation face while retaining challenge
at their workplace?
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Research Methodology
Research methodology:
Research methodology refers to the various ways in which the research is
conducted. All the type of study, data resources, sampling, ethics, data
collection tools and various other factors are included in the methodology of
research. Different aspects of research methodology for the following research
are data resources, data collection methods, data analysis, data presentation,
sampling, ethics, reliability and validity and data collection tools.
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Data Analysis
Question: 1
Are you well aware about the concept of
talent-management used in an
organisation?
Freque
ncy
a) Yes 28
b) No 12
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Question: 2
What are the different approaches
used in Sainsbury’s to influence and
manage talent within the
organisation?
Freque
ncy
a) Performance assessment 10
b) Providing effective compensation 10
c) using of appropriate recruitment
and selection method
12
d) Developing job description 8
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Recommendations
With the help of the above information present various suggestions can be
made for Sainsbury in order to make sure that they are successfully retaining
the talent in organisation. Along with this organisation can also enhance their
profitability and productivity.
Company needs to encourage flexibility in their business environment in order
to make sure that the interest of employees in the execution of different task
and activities is continuous.
Another suggestion that is referred to Sainsbury's in regards to better talent
management is higher authorities of the organization need to delegate
decision making responsibilities to wider levels of organization such as
subordinate level in order to make sure that the feeling of belongingness is
developed and employees becomes loyal towards the organization
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Conclusion
With the help of the above research it can be concluded that talent
management is an important and crucial part of an entity that is used while
retaining the employees for the longest period for the firm. It is a great way for
sustainable development of an organisation along with incrementing the
competitiveness of the firm with retaining skilled and experienced
professionals in the business. In the research project at first secondary data is
collected and examined as a literature review and then primary research is
performed through questionnaire attached with a frequency data analysis and
interpretation. These all resources are concluding in favour of effectiveness
and productivity of talent management processes and practices it renders to
the organisation and to business sector.
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