Risk Factors in Talent Management at Sainsbury's: A Report

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This report examines the critical aspects of talent management within Sainsbury's, focusing on identifying and mitigating associated risks. The study begins with an introduction that outlines the background, aims, objectives, research questions, and rationale behind the investigation. A comprehensive literature review explores the impact of talent management, the inherent risk factors, and their consequences on organizational performance, drawing on various author viewpoints and secondary research. The methodology section details the research type, approaches, philosophy, data collection methods (including both primary research via interviews and questionnaires), data analysis techniques, sampling strategies, and ethical considerations. The report presents key findings and analysis, followed by a summary, reflection, and recommendations for improvement. The conclusion synthesizes the research, offering insights into how Sainsbury's can enhance its talent management practices to minimize risks and maximize its competitive advantage, supported by a detailed reference list and appendices.
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Identify the risk factors in talent
management and how to
minimise the risk A key study
on Company X
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Abstract
Talent management seems to be important in which organization can easily have their growth
and development for having the better market place. While through employee can also have their
future aspects for the organization. This report will explain about the talent management risk
factor in Sainsbury and have the impact over the business. Furthermore, various author views
through which secondary research have been conducted. Although the research methodology in
which the various methods that have been used in the research. Moreover, examined about the
primary research while by having the interview and questionnaire from the various employee in
the organization.
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TABLE OF CONTENTS
Title: To identify the risk factors and talent management to minimise the impact in Sainsbury's..5
CHAPTER 1: INTRODUCTION....................................................................................................5
Background..................................................................................................................................5
Aim..............................................................................................................................................5
Objectives....................................................................................................................................5
Research questions.......................................................................................................................6
Rationale......................................................................................................................................6
Gantt chart...................................................................................................................................6
CHAPTER 2 : LITERATURE REVIEW........................................................................................7
The impact of talent management and risks factor......................................................................8
The risk factors which are present for having the better solution................................................8
The risks and impact it is creating on the working of the organization.......................................9
CHAPTER 3 : RESEARCH METHODOLOGY..........................................................................10
Research type.............................................................................................................................10
Research approaches..................................................................................................................10
Research philosophy..................................................................................................................10
Data collection...........................................................................................................................11
Data analysis..............................................................................................................................11
Sampling....................................................................................................................................12
Ethical consideration (ethical issues).........................................................................................12
Reliability and validity..............................................................................................................12
Research limitations...................................................................................................................12
KEY FINDINGS AND ANALYSIS.............................................................................................12
SUMMARY OF FINDINGS.........................................................................................................20
REFLECTION...............................................................................................................................20
RECOMMENDATIONS...............................................................................................................21
Alternative research methodologies..........................................................................................21
CONCLUSION..............................................................................................................................22
REFERENCES..............................................................................................................................23
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APPENDIX......................................................................................................................................1
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Title: To identify the risk factors and talent management to minimise the
impact in Sainsbury's
CHAPTER 1: INTRODUCTION
HR assumes numerous parts in an organization. The division oversees representative
relations, ability securing, finance, on boarding, and considerably more. One more obligation of
HR is ability the board. Talent management is a consistent cycle that includes drawing in and
holding top notch representatives, building up their abilities, and ceaselessly persuading them to
improve their exhibition. The main role of ability the executives is to make a spurred labour
force who will remain with organization over the long haul. The specific method to accomplish
this will vary from one organization to another. This report explain about the literature review
and research methodology for showing about the high level in topic and data interpretation along
with the reflection for experience about the topic.
Background
Talent management normally includes a considerable lot of the duties of HR. No different
either way, it isn't sufficient to expect that since have a HR office are overseeing ability. This
need to have an ability the executives system set up planned only for organization to acquire
ideal outcomes (Talent Management, 2021). Sainsbury is largest supermarket chain. The
company have also started the food and fresh products selling to their customer for having the
high range of customer along with the profits. Organization have also expanded the business into
the packaged grocery and online business for having more customer.
Aim
To evaluate the impact of risk factors of talent management and reduce them effectively:
A case study on Sainsbury's.
Objectives
ï‚· To understand the impact of talent management and risks included with it.
ï‚· To evaluate the risk factors which are present so that there are better solutions which can
be taken out?
ï‚· To measure the risks and impact it is creating on the working of the organization for
being able to get competitive edge.
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ï‚· To recommend theories and methods for the organization to use so that there are better
operation.
Research questions
ï‚· What is talent management and the risks factors which are involved in them?
ï‚· What are the risks which are included in the organization which can develop from talent
management?
ï‚· What theories and actions which can be taken by the organization to gain the right
working?
ï‚· What are the recommendations for solving the issues related to risk and talent
management in an organization?
Rationale
The sources have been taken from the valid sites and think about the talent management
in organization towards the employee. This topic also help the employee for getting the rights
methods and various other function in organization. This also might be the main reason for
selecting this topic.
Gantt chart
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CHAPTER 2 : LITERATURE REVIEW
Literature review is the type of academic paper which helps the scholar for gathering or
collecting information from the various authors view and also help for making the research with
having the valid knowledge. The main aim for this explaining about the impact of talent
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management in the organization along with the risk factor for organization for having their talent
management. Also explain about the reducing risk factor for having the better solution.
The impact of talent management and risks factor.
According to the Latif (2017), At the point when organizations overall are competing to
prevail in a quickly changing business scene, most associations in some countries this are simply
starting to comprehend human resources dangers and consider the structures, devices and
techniques they need to oversee them. This is on the grounds that in numerous associations,
human resources represents an inexorably huge portion of working expenses and is a significant
determinant of business execution. This danger represents the greatest threat to associations in
various countries, as per the exploration. Having unfilled key positions can prompt missed
targets and disturb business progression. High steady loss of basic labour force portions
influences organizations from multiple points of view: presenting hindrances to business
development, raising progression/change hazard and expanding costs related with undeveloped
or ill-equipped ability.
As per Zhu (2020), view that, Associations need their labour forces to have the basic
abilities needed to keep a serious edge in the present quickly evolving market, where new items
and advances arise each and every other day. At the point when ability holes continue, the
organization's ability profile leaves arrangement with its medium-and long term HR needs,
requiring an overreliance on outside ability and making budgetary pressure. Numerous
examinations have affirmed an immediate relationship between's corporate monetary exhibition
and workers force efficiency. Neglecting to improve representative profitability can result in
neglected business targets, lower benefits and higher HR costs as associations scramble to
supplant less beneficial specialists. The company might be also have their better talent
management in organization through which they can make their effective team members for
developing their organization.
The risk factors which are present for having the better solution
Quirk (2019), view that, Contingent upon organizations, mission, vision and culture,
ability can mean altogether different things. Ability may not really allude to express information,
yet unsaid abilities like empathy, enthusiastic insight or the capacity to communicate in
numerous dialects. People normally are interested animals and typically have powerful urges to
develop themselves. Absence of vocation advancement openings can prompt higher turnover
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rates too. This is supported by the profession mentors for their lifetimes. One of the keys to
accomplishment in ability the executives is guaranteeing that are giving adequate freedoms to
representatives to learn and develop inside association. This will permit to hold ability and will
prompt a profoundly gifted and fulfilled group.
Hastig and Sodhi (2020), said that, On the off chance that new abilities are required
inside the association, it very well might be gainful to deal with preparing existing staff instead
of employing another staff part. Prior to employing new ability, it is critical to distinguish
association's short and long haul objectives. From that point, will actually want to all the more
effectively distinguish the ability that require. Say organization has seen critical development
and are thinking about extending worldwide. This implies that may require somebody whom has
insight and ability in worldwide development, with profound social mindfulness. Risk factor in
organization also play important role through which the HR in organization hiring must be
improved while by hiring some other irrelevant employee for their organization.
The risks and impact it is creating on the working of the organization
Delee (2021), contrast that, Risk theories endeavours to clarify the choices individuals
make when they are confronted with vulnerability about what's to come. Commonly, a
circumstance wherein hazard hypothesis might be applied implies various potential conditions of
the world, various potential choices and a result for every blend of state and choice. The
hypothesis predicts a choice as indicated by the circulation of results it will create. The
hypothesis is significant for individuals who settle on choices whose achievement relies in transit
the dangers on the planet end up. For instance, individuals engaged with insurance agencies,
whose achievement relies upon foreseeing the recurrence and extent of cases, use hazard
hypothesis to help decide their ideal openness to chances.
As per Xiao and et.al., (2020) said that, The initial phase in applying hazard hypothesis
to a circumstance is to figure out what the results are. Every mix of a state and a choice yields a
result as per some capacity. In numerical terms, what the capacity does is called planning: it
takes each point in a diagram outlining potential states and choices, and characterizes a
comparing point on a chart of results. Then, a worth should be appointed to every result.
Likewise with any hypothesis that endeavours to clarify singular decisions, a significant part of
hazard hypothesis is the evaluation of subjective conditions. One should allot qualities to every
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result to contrast them with one another. These qualities, which join the entirety of the
advantages and disadvantages of every result, are called utility qualities.
CHAPTER 3 : RESEARCH METHODOLOGY
Research methodology is the particular procedure for developing the proper research for
having the proper, process, analyse and information related to the topic (Sakyi, Musona and
Mweshi, 2020). This also allows in selecting the research paper for evaluating the critically while
by studying the valid and reliability data or information.
Research type
Research defined as cautious thought of study with respect to a specific concern or issue
utilizing logical techniques. research is an orderly request to depict, clarify, anticipate, and
control the noticed marvel. It includes Qualitative and Quantitative research. Whereas,
Qualitative research means the research that have been done as per using the information for
collecting or gathering from the open-ended question, interview or having the main focus on the
group (Dzwigol, 2020). Quantitative research deals with the numerous along with the measurable
forms for having the better solution in the research. In this report scholar have selected the
Qualitative research through which they have taken the question or online Google form for their
employee.
Research approaches
Research approaches means the collection or gathering information while by using the
systemic type of paper for having the proper research. It also involves the analyzing,
organization or collection information for increasing the understanding of the topic. This have
been divided into two types such as Inductive and Deductive research (Omar, Weerakkody and
Daowd, 2020). Inductive research means for generating the testing conclusions along with the
having the proper generalising and their specific premised in research. Deductive research means
conclusion for research must be true and based on measureable forms of data in collecting the
information. In the present report scholar have selected the Inductive research for having the data
collecting or gathering from the question or group discussion.
Research philosophy
This means that for collecting the data phenomenon in gathering information, analysed
for keeping the people upgrade in research. This deals with the nature, sources and development
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of the knowledge for collected the data while by using the various methods in research. There are
two types of research such as Interpretivism and Positivism (Komarova, 2020). Interpretivism
means that this used the small samples for collecting the information and gathering the
information from the qualitative research for completing the research while by using such type of
research. Positivism means the using the large samples and highly structured for collecting the
information. Hence, Scholar has used the Interpretivism research for collecting the information
and also makes the research more reliable and valid for having the better collection of
information.
Data collection
Data collection refers to gather the information through various methods for research purpose. It
is of two types primary research and secondary research.
primary research:
this research is the first handed research and it is done by researcher through observations,
interviews, questionnaire, discussions etc. This research is considered pure and fresh.
secondary research:
it means evaluating and making summary of the already present research (Chu and Ke, 2017).
Secondary research use data which is found by primary research for data analysis.
For the current investigation primary and secondary both research are conducted. For primary
questionnaire is prepared and secondary research is done by literature review.
Data analysis
It is the approach of applying statistical tool to describe, analyse and evaluate the data. From the
entire information, important data is analysed. It of two types which is thematic perception test
technique and SPSS.
thematic perception test technique:
it is the psychological test which subject the responses. It the most used research technique. It
shows different pictures to individuals and finds out ambiguous characters and situations.
SPSS:
Statistical package for social science is the software which is used in qualitative research. It
provide accurate numerical data of the subject.
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In the current investigation thematic perception test technique is used as talent management and
its risks are the numerical data can be easily addressed through this.
Sampling
It means taking a sample from the large population. It is of two types simple random sampling
and non random sampling.
Simple random sampling:
It is the sampling in which each individual from the population gets equal chance of selection.
There is the possibility of selection to every person.
Non random sampling:
It means when sampling is done from particular group. It is decided by researcher that from
whom samples will be collected. Under this every individual will not get equal chance.
For the research random sampling is selected as 30 employees from Sainsbury are selected
randomly and asked questions related to TM via questionnaire.
Ethical consideration (ethical issues)
Ethical aspect are properly considered while conducting the research. As reference list is
attached at the end of the report which will show that research is authentic and nothing is copied.
Consent forms are also filled by the respondents who are filling the questionnaire. To show that
they are willingly participating in the research and nobody is forcing them to participate.
Reliability and validity
For the reliability purpose latest sources are used and no modification is made in the original data
and for the validity purpose copyright protected sources are used.
Research limitations
Major limitation is money and time. As because of lack of time qualitative research is not
conducted via SPSS technique but as talent management can be addressed from qualitative
research so thematic technique is selected.
KEY FINDINGS AND ANALYSIS
Theme 1: Do you understand and have knowledge about the main concept of talent
management?
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