Talent Management: HRM Strategies for Organizational Success - Report

This report examines the critical role of talent management within Human Resource Management (HRM), emphasizing its impact on organizational success. The study investigates effective talent management strategies, including attracting, hiring, training, developing, and retaining top talent, with a focus on the hospitality sector. The research aims to identify the best strategies for effective talent management, broaden knowledge of various talent management strategies, study the impact of HRM practices on organizational success, and identify alternative strategies for improving organizational performance. The report includes a case study on Hilton, analyzing their talent management strategies and employee perceptions. The findings highlight the importance of specific job descriptions, aligning personal and organizational values, rewarding and recognizing employees, and continuous skill upgrades. The research concludes that effective talent management strategies have a positive relationship with organizational success, particularly in service-oriented sectors, and recommends that companies like Hilton prioritize talent management practices to achieve a competitive edge and long-term success. The report uses qualitative research methods, including interviews with Hilton employees, to gather data and support its conclusions.

TALENT MANAGEMENT – A
KEY COMPONENT OF HRM

TABLE OF CONTENT
 INTRODUCTION
 RESEARCH AIM AND OBJECTIVES
 RESEARCH QUESTIONS
 GANTT CHART
 FINDING AND ANALYSIS
 CONCLUSION

INTRODUCTION
 Talent management is considered to be the necessary action of human resource manager in order to obtain
optimum performance from employees in the organisation. It includes attracting and hiring, training and
developing, assisting for career development and retaining the best talent for the long period of time in the
organisation.
 The study is based on effective talent management strategies framed by the HRM in order to achieve
success within organisation.
 HR manager can perform this function by identifying organisational and HR goals and priorities along with
need of talent within organisation, and develop effective strategy to manage and retain the best talent in the
organisation.

RESEARCH AIM AND OBJECTIVES
 The aim of conducting this study is to evaluate what are the best possible strategies for effective talent
management that can be applied in order to ensure sustainable success for Hilton.
 To broaden the knowledge of various talent management strategies that guides HRM in hiring and retaining
best talent within organisation.
 To study the impact of practices followed by HRM in managing talent on the success of organisation.
 To identify what alternative strategies can be applied by HRM that contribute towards improvement in the
performance of the organisation.

RESEARCH QUESTIONS
 What are the talent management strategies that guides HRM in hiring and retaining best talent for the
organisation?
 What are the impact of practices followed by HRM in managing talent on the organisational success?
 What alternative strategies can be applied by HRM in order to improve overall organisational
performance?
 How talent management strategies are playing important role in companies of hospitality sector?
 What strategies does Hilton followed in managing talent and what is the perception of their
employees regarding the same?
 What are the effective strategies that Hilton should employ in order to ensure its success over long run?

GANTT CHART

CONT.

RESEARCH METHODOLOGY
RESEARCH TYPES QUALITATIVE RESEARCH
RESEARCH APPROACH: INDUCTIVE APPROACH
RESEARCH PHILOSOPHY INTERPRETIVISM PHILOSOPHY
DATA COLLECTION: SECONDARY AND PRIMARY
SOURCES
SAMPLING INTERVIEWS OF 30 EMPLOYEE'S OF
HILTON
DATA ANALYSIS: THEMATIC PERCEPTION TEST
RESEARCH LIMITATIONS LIMITED RESOURCES AND TIME

DATA ANALYSIS

CONT.

CONT.

CONT.