Talent Management Strategies and Performance at Chicken.Co: Report

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This report provides a comprehensive analysis of talent management, focusing on the case study of Chicken.Co, a chicken processing company. It begins by defining talent management and highlighting the role and benefits of performance management systems within the organization, including the importance of aligning workforce and developing competencies. The report explores the implementation of performance management with other HR procedures to improve business performance, examining the impact of leadership styles and the need for employee training and development. It then identifies the use of individual versus team performance targets for maximizing organizational performance, discussing the effectiveness of reward systems and target-based incentive schemes. Finally, the report analyzes how performance management systems can be utilized for improving employee development and communication, emphasizing the establishment of staff forums, training opportunities, and the importance of clear policies. The report concludes with recommendations for Chicken.Co to adopt performance management practices consistent with business objectives and employee needs, while referencing academic sources.
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Talent management.
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY ..................................................................................................................................3
1. Role and benefits of performance management system and analyzing the way it can be
implemented with HR procedure for improving business performance ....................................3
2. Identifying the use of individual versus team performance targets for maximizing
organizational performance ........................................................................................................5
3. Analyzing the way performance management system can be utilized for improving
employee development as well as communications ...................................................................6
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................8
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INTRODUCTION
Talent management can be defined as anticipation of required human capital in an
enterprise. It can also be considered to be as firm commitment to develop skilled employees.
Talent management can also be referred to as managing the competency, power and ability of
workers within a company. The purpose of talent management is to address the key gaps
between talent which is required in order to drive firm towards success.
The report will highlight the role as well as advantages of performance management in
context of Chicken.Co. It is a small company which is engaged in business activity of chicken
processing. Study will emphasize on analyzing the way talent management can be implemented
with other Human resource procedure for improving business performance.\
MAIN BODY
1. Role and benefits of performance management system and analysing the way it can be
implemented with HR procedure for improving business performance
Performance management can be defined as the procedure of developing a working
environment where employees working in an organization can give their best performance. This
procedure mainly emphasizes on alignment of workforce, Development of competencies among
workers so that they could improve their performance at workplace. Performance management
system plays a crucial role in effective working of human resource management. There are some
authors those who argues that performance management makes significant contribution in
driving firm towards success. While scholars argues that role of performance management is to
enable workers to give their performance with an organization (Rotolo, Church and Foster,
2018). There are few authors who argues that role of performance management is to assist an
enterprise in developing goodwill. In other words, role of performance management is to help
firm in increasing its value.
In context of given case scenario of Chicken Co., as an organization is facing various
issues such as highly dissatisfied employees, poor performance of workers as well as financial
performance of firm, etc. Human resource management in an enterprise is required to implement
performance management system. As performance management system will assist manager in
identifying the root cause of the different business issues, it will also help then in determining an
appropriate solution for the same. It has been analyzed from given case that manager in Chicken
co ha adopted the autocratic approach and are very much commanding because of which many
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of workers in an origination are highly dissatisfied with such attitude of management. As per the
behavior theory of leadership, the attitude and leadership style adopted by leaders have
significant effect on behavior of employees as well as their performance. In context of Chicken
co, manager in an enterprise need to be supportive and they should help workers in development
of skills, so that they can improve their performance at workplace. In addition to this, a firm need
to make little investment on training and development of workforce, as this strategy will assist
them in improving business performance (Collings, Scullion and Caligiuri, 2018). It will also
help an enterprise in gaining the competitive advantage, Investment on training of employees is
also very much essential in order to deliver quality as well as professional services to customers
and to provide client with high level of satisfaction. In addition to the above solution, it is
required by manager in Chicken co to facilitate discussion with workers and provide them with
continuous feedback, as this is the best strategy for improving employee performance.
Advantages which can be gained by Chicken Co ltd. By implementing the performance
management system at workplace are Higher level of satisfaction among workforce. Other main
advantages of performance management is that it helps in identifying the under-performer and
assist manager in making suitable decision related to hiring or firing an individual. An effective
performance assist management in motivating employees to improve their performance at
workplace.
Analyzing the way chicken Co Ltd can implement performance management system with HR
procedure
Considering the given case scenario, it is very much essential for Chicken Co. to
implement performance management system, as this will assist them in dealing with various
business issue and will help an enterprise in improving business performance. Human resource
manager in Chicken Co has developed scheme by which team performance against production
targets is linked
to the payment of a bonus to team members., this strategy is considered to be effective in
context of motivating employees to improve their performance. In addition to this, it is very
much essential for human resource manager in Chicken Co to develop clear development plans
which is the part of their activity (Taylor, 2018). Human resource manger should develop such
strategy which links employees objective with that of organizational goals, as this will assist
management in ensuring high level of workers commitment towards work. In addition to this,
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manager in human resource department can utilize software applications for reviewing the
performance of workers, managing the procedure associated with goal setting and for developing
improvement plan.
2. Identifying the use of individual versus team performance targets for maximizing
organizational performance
There has been argument whether setting of targets is good strategy or implement of
reward system is suitable statics for inspiring people to improve their performance within an
organization. As some authors perceives that establishment of short term target is appropriate as
it helps people in experiencing winning that further motivates them to maintain their focus on
enhancing the performance and increasing productivity (De Boeck, Meyers and Dries, 2018).
There are few scholars who think that reward system is best for inspiring people to improve
their performance. Some people argues that failure in accomplishment of the set target can lead
to high level of dissatisfaction among employees which can further have negative impact on their
performance. There has been further argument that the major drawback of implementing reward
or bonus system is that under-performing people in a team are likely to be impede the earning of
a team bonus as it has been analyzed in the case scenario of Chicken co.
Some authors also perceives that implementation of reward or bonus system have great
influence on behavior of employees. For example, in context of case study of Chicken CO. after
making amendment in performance management system and implementing reward system,
manager in an organization review the performance of employees. After evaluating the
performance of company as well as employees, it has been found that there has been no
improvement neither increase in productivity of both workers and firm (Sheehan, Grant and
Garavan, 2018). There has been discussion between manager and divisional director it has been
found that there has been change in attitude of employees. When management has taken
feedback from workers there was negative reply. Feedback taken from employees has showed
that payments had not been sufficiently substantial to have effect on living standard of workers.
There was low level of employee commitment towards work. Complete incidence shows the
ineffectiveness of reward system in context of encouraging people to improve their performance
and remain committed to work. Manager in Chicken co. Has facilitated communication with
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employees and during the discussion it has been found that dissatisfaction and frustration are the
root cause of poor performance by workers.
Target based incentive scheme is considered to be as the best strategy which can be
utilized for inspiring employees to improve their performance (Cascio and Aguinis, 2018). For
instance, manager in Chicken co limited has set production targets for communicating
requirement to employees. In addition to this, management also given reward to team for
accomplishing the desired target which is considered to be as best strategy for encouraging other
people to improve their performance. It is requirement the manager in chicken Co to implement
change in performance management system considering the needs of employees.
3. Analysing the way performance management system can be utilized for improving employee
development as well as communications
As it has been analyzed from the case study that manger as well a divisional director in
Chicken Co ltd has taken high initiatives for encouraging the workers to improve their
performance and increase productivity but they have failed to do so. The problems faced by an
organization due to ineffective performance management system includes decliner sales, poor
individual as well as firm performance, high level of dissatisfaction among workers, bad quality
of work, etc. The main reason for such issues is poor communication occasioned by the owner-
manager’s autocratic
management style (Wiblen and Marler, 2018.). The various ways' performance management
system can be utilized for improving employee development as well as communications these
are establishment of Staff Forum through which employees can raise issues of
concern and can share their opinion related to improvement in working conditions. As this
strategy will assist management in dealing with the problem of poor communication occasioned
by the owner-manager’s autocratic
management style.
In addition to this, an enterprise is required to provide working with training and
development opportunity, as this will help employees in increasing their working efficiency as
well a productivity. Manager in Chicken Co should provide employees with all resources
required for performing the specific task. Six sigmas is also one of the best approach which can
be utilized by manager in Chicken Co ltd. For encouraging employees to improve their
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performance. It is required by manager or leader in Chicken Co ltd. To set Smart objectives and
provide proper guidance as well as feedback to employees at regular internal of time. Coaching
is another method which can be utilized by management in Chicken Co., as this tactic for
supporting employees to develop skills and helps them in improving their performance at
workplace. Manager in Chicken Co ltd. Should facilitates continuous and effective
communication with employees, as this will assist them in identifying the issues faced by
workers (Oseghale, Mulyata and Debrah, 2018). Continuous communication by manager or
leader have great as well as positive effect on employees' performance. It is required by
management in Chicken Co to develop clear and transparent policies, as this will assist them in
delivering high level of satisfaction to employees that is very much crucial in order to improve
organizational performance.
CONCLUSION
It has been concluded from the above report that an effective performance management is
very much important for identifying the skill gap and for making sure that workers have focus on
their work. The other fact which has been found during the study is that high level; of frustration
and dissatisfaction have negative effect on employees' performance. It has been concluded that
performance management plays crucial role in enhancing company value.
It has been recommended that Manager in Chicken Co should adopt performance
management practices that are consistent with the requirements of this policy, best fit the nature
of the work performed and also with business objectives.
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REFERENCES
Books and Journals:
Cascio, W.F. and Aguinis, H., 2018. Applied psychology in talent management. SAGE
Publications.
Collings, D.G., Scullion, H. and Caligiuri, P.M. eds., 2018. Global talent management.
Routledge.
De Boeck, G., Meyers, M.C. and Dries, N., 2018. Employee reactions to talent management:
Assumptions versus evidence. Journal of Organizational Behavior.39(2).pp.199-213.
Oseghale, O.R., Mulyata, J. and Debrah, Y.A., 2018. Global Talent Management.
In Organizational Behaviour and Human Resource Management (pp. 139-155). Springer,
Cham.
Rotolo, C.T., Church, A.H., and Foster, G., 2018. Putting an End to Bad Talent Management: A
Call to Action for the Field of Industrial and Organizational Psychology. Industrial and
Organizational Psychology.11(2). pp.176-219.
Sheehan, M., Grant, K. and Garavan, T., 2018. Strategic talent management: A macro and micro
analysis of current issues in hospitality and tourism. Worldwide Hospitality and Tourism
Themes.10(1). pp.28-41.
Taylor, S., 2018. Resourcing and talent management. Kogan Page Publishers.
Wiblen, S. and Marler, J., 2018. The Influence of Talent Concepts on Big Data and HR
Analytics Use in Talent Management. Academy of Management Global Proceedings,
(2018). pp.70.
Online:
Which Are Better: Individual or Team Goals?. 2017 . [Online]. Available
through:<https://www.liveplan.com/blog/which-are-better-individual-or-team-goals/>.
Role of Performance Management in Organizational Development.2018. [Online]. Available
through:<https://talentedge.in/articles/role-performance-management-organizational-
development/>.
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