BTEC HND Business Unit 11 Research Project: Talent Management Impact

This research project investigates the impact of talent management strategies on organizational performance, focusing on Marks and Spencer as a case study. The project outlines the research aim and objectives, which include analyzing the impact of effective talent management, identifying challenges, and assessing the importance of different talent management approaches. The methodology employed includes an interpretivism research philosophy and a deductive research approach, with data collected through questionnaires. Research findings indicate that respondents are aware of talent management concepts, recognizing both advantages and challenges, such as increased absenteeism and reduced productivity. The conclusion emphasizes the importance of talent management for attracting and retaining employees, recommending training and development opportunities, and encouraging employee participation in decision-making. The project also highlights the role of line managers and leaders and suggests providing them with effective training. The research includes a table of contents, research questions, approaches, methodologies, research findings, and a conclusion with recommendations, along with references. This project provides insights into talent management and its significance in the business context.

Research Project

Table of Contents
 Research Aim and Objectives
 Approaches and Methodologies
 Research Findings
 Conclusion and Recommendations
 References

Research Aim and Objectives
Research Aim
“To analyze the impact of effective talent management strategies on performance of
successful organizations.” A study on Marks and Spencer.
Research Objectives
 To analyse the impact of effective talent management strategies on performance of successful
organizations.
 To determine the challenges faced by organizations due to lack of effective talent management.
 To analyse the importance of different talent management approaches within an organization.
 To identify the role of line managers and leaders in talent management at workplace.

Cont…
Research Questions
 What is the impact of effective talent management strategies on performance of
successful organizations?
 What are the challenges faced by organizations due to lack of effective talent
management?
 What is the importance of different talent management approaches within an
organization?
 What is the role of line managers and leaders in talent management at workplace?

Approaches and Methodologies
In context to this research, the researcher has used interpretivism research
philosophy because it will help the researcher in studying the concept in a greater
depth as well as providing them with an effective understanding. In this research, the
researcher has used deductive research approach because it will allow the researcher to
explain the relationship between variables as well as generalize the findings. The
researcher has chosen a questionnaire because it will help in gathering reliable as well
as first-hand information from the respondents. Apart from this, questionnaires are
easy to analyze and can help the researcher in obtaining useful conclusions.

Research Findings
By undertaking this research, it was found that the majority of respondents
were aware about the concept of talent management. Also, it was found that many of
them were of the viewpoint that while there are different advantages of talent
management, there can also be certain challenges that organizations can face due to
lack of talent management such as increased absenteeism, low morale of the
employees as well as reduced productivity. Thus, these were the major outcomes of the
respective research.

Conclusion and Recommendations
It can be concluded that talent management is an important aspect for an
organization and can help it in attracting a large number of potential candidates as well as
retaining the existing ones. There are different types of talent management approaches that
can be implemented by an organization in order to enhance its overall productivity. These
can include providing training and development opportunities, coaching and mentoring etc.
The respective company is recommended to recommended to encourage its
employees to participate in the process of decision-making as this will give them a sense of
being valued by the company. Apart from this, the managers as well as leaders of the
company should be provided with effective training along with the employees.

References
 Likhitkar, P. and Verma, P., 2020. HR value proposition using predictive analytics: an
overview. New Paradigm in Decision Science and Management, pp.165-171.
 Malik, A. and et.al., 2020. May the bots be with you! Delivering HR cost-
effectiveness and individualised employee experiences in an MNE. The International
Journal of Human Resource Management, pp.1-31.

Thank You