Talent Management Strategies: Analysis of Impact on Employee Retention

This report analyzes talent management strategies, challenges, and their impact on organizational performance. It interprets data from a questionnaire, revealing insights into employee retention, motivation, and the effectiveness of various HR tactics like monetary incentives, training, and performance appraisals. The study concludes that effective talent management is crucial for gaining a competitive edge and recommends strategies such as employee engagement in decision-making, performance appraisal improvements, and flexible work arrangements. The report highlights the importance of recognizing employee efforts and fostering a positive work environment to enhance productivity and attract top talent. Desklib provides access to similar solved assignments and resources for students.

TALENT MANAGEMENT

Table of Contents
DATA INTERPRETATION...........................................................................................................3
REFLECTION.................................................................................................................................6
CONCLUSION................................................................................................................................7
RECOMMENDATION...................................................................................................................7
REFERENCES................................................................................................................................9
QUESTIONNAIRE.......................................................................................................................10

DATA INTERPRETATION
Theme 1-
To increase performance level of
workers
3
To gain competitive advantages 2
To retain talented and skilled
employees
5
Interpretation- talent management is important for contemporary organizations such as
Sainsbury, because of varied resources (Savanevičienė and Vilčiauskaitė, 2017). The majority of
respondents are in favour of last option, according to them firm may take initiative to conduct its
practices related to talent management, because it may help to retain skilled people at workplace,
who are able to achieve common objectives and gain competitive advantages for company. Out
of 10, 5 respondents are thinking and believe so that firm through this concept retain
knowledgeable workers for long time period. Furthermore, rest of the 3 respondents think that
talent management is essential because it contribute to increase employee’s performance level.
While 2 participants, in side of middle option that mean they believe that the overall concept aid
to obtain competitive advantages in bulk.
Theme 2-
Motivate employees 4
Lack of understanding about worker’s
needs
3
Poor strategies and methods 3

Interpretation- in the recent time, human resource management in the field of marketing faced
major issues or challenges that put negative impact on their performance and current practices.
For example, in the Sainsbury, HR manager may face challenge related to talent management is
employee motivation. Majority of respondents are in favour of first option that mean out of 10, 4
participants think that to motivate candidates at workplace it quite challenging for human
resource manager, which put negative impact on organizational performance level and
productivity. While, 3 respondents think that without having proper understanding about
employees need, management is able to manage their performance and retain in the field of
marketing. Furthermore, rest of the three respondents are favour of last option which mean due
to poor approaches and ineffective tactics is a challenge that impact talent management
initiatives.
Theme 3 -
Monetary and non-monetary methods 4
Training & development 4
Performance appraisal 2

Interpretation- for purpose of talent management, organizations in the retail industry are using
and developing sustainable strategies. In case of Sainsbury, out of 10 4 respondents take favour
of initial option that mean they believe in monetary and non-monetary approaches, which human
resource department utilize to retain candidates in term of talent management. Furthermore, 4
participants are in favour of second option which mean that they think that training &
development is the best tactic that management in the supermarket may use to gain desire
outcome. While, 2 respondents think that performance appraisal is better as compare to other
strategies of talent management, because it may contribute to acquire new candidates along with
increasing extent of employee retention (Muratbekova‐Touron, Kabalina and Festing, 2018).
Theme 4-
Yes 7
No 3
Interpretation- when human resource manager recognizes employee’s efforts and reward their
hard work, they retained talented people in the field of management successfully and
appropriately. Out of 10, 7 respondents are in favour of current statement, that mean they think
that Sainsbury and its team of human resource play vital role in regard to talent management in
term of recognizing their candidate efforts. On the other hand, rest of 3 are disagreed as they do
not think that firm may conduct this activity in effective manner. They do not consider that HR
manager may attempt to appraise candidates in any way. It may lead to decrease organizational
performance and productivity level, which is not acceptable for administration.
Theme 5-
Positive 8

Negative 2
Interpretation- talent management is one of those concepts, procedures and initiatives that may
affect the current practices and strategies of a company. Out of 10, 8 respondents in support of
first option as they think that talent management put positive impact supermarket and its
employees too, in term of increasing productivity and performance level. It may contribute to
increase number of employee retention. While only 2 participants think that it may put negative
impact on firm in form of consuming a lot of time. It may affect negatively upon current
activities and practices of company, which is not acceptable. This may give chance to attract new
people at workplace in organization.
REFLECTION
It is quite essential for a good researcher is to utilize the best and most effective as well as
useful research methodologies that put positive impact on their work in term of obtaining desire
outcomes. Like others, I had also utilized varied forms of research approaches for purpose of
achieving set aims and objectives of this research, which is important for me to do so. I want to
share my personal experience that I had gained while taking initiatives in project management
procedure. For example, I had developed my understanding regarding techniques and methods
that most of the organizations has been used to overcome the negative impact of challenges that
they faced during procedure of recruitment and employee retention at workplace. I had
developed better comprehending about sampling and data analysis or interpretation that will help
in the future, while conducting research based on other topics in effective and systematic
manner.

CONCLUSION
From above analysis and discussion, it has been summarized that organization has gained
competitive edges by developing and using techniques to retain and acquire new employees in
the work areas, where they work together for purpose of achieving common aim. It has been
determined that company has handled the critical challenge such as talent management by
applying different methods, which play vital role in its growth and success retail industry. It has
enabled it to conduct effective and beneficial marketing activities, that is not possible to each
firm in same sector to in such an efficiency manner.
RECOMMENDATION
 It is important for human resource management to develop the useful tactics that enable
them to solve major challenges. For example, they can take approach to engage
candidates in the context of decision making, which play vital role to retain talented
candidates at workplace and also contribute to acquire new from pool of talent
(O’Connor and Crowley-Henry, 2019). In the recent time, this strategy can work in
excellent manner, in term of giving employees chance to work with those companies in
retail industry, where they feel pleasure of working with other workers, who have set of
skills and key competencies.
 Furthermore, they can take initiative to develop more strategies, which is quite essential
and beneficial for human resource management and manager to do in appropriate
manner. Performance appraisal is the best approach that has been utilized in the world of
business, by many companies, whether it is small or large, private or public in varied
manner. It makes HR manager capable to gain the attention and retain skilled candidates
who are able to develop creative content and marketing plans that supermarket utilize in
the future for purpose of generating brand awareness and increasing profitability more
than other brands in the retail sector.
 Work flexibility is the most effective and useful technique that human resource manager
can take into their consideration, which enable them to retain talented employees within
marketing department where they perform in productive manner and enhance
performance level of Sainsbury that is important (Sulaymonov, 2020). It can be said that
in today’s hectic working environment, individual candidate prefers to work within a
workplace where they feel relax and perform with such creative people that reduce stress

level by playing vital role during work load situation. It can help to gain the attention of
many people or talented person toward taking initiative to apply for specific job in the
company.

REFERENCES
Book and Journals
Muratbekova‐Touron, M., Kabalina, V. and Festing, M., 2018. The phenomenon of young talent
management in Russia—A context‐embedded analysis. Human Resource Management.
57(2). pp.437-455.
O’Connor, E. P. and Crowley-Henry, M., 2019. Exploring the relationship between exclusive
talent management, perceived organizational justice and employee engagement: Bridging
the literature. Journal of Business Ethics. 156(4). pp.903-917.
Savanevičienė, A. and Vilčiauskaitė, B., 2017. Practical application of exclusive and inclusive
talent management strategy in companies. Business, Management and Economics
Engineering. 15(2). pp.242-260.
Sulaymonov, A., 2020. Flexible working practices: urgency or future?. Modern
Economy. 11(07). p.1342.

QUESTIONNAIRE
1. According to you why talent management is important for the company?
 To increase performance level of workers
 To gain competitive advantages
 To retain talented and skilled employees
2. What challenges that are faced by the human resource managers pertaining to talent
management in the field of marketing?
 Motivate employees
 Lack of understanding about worker’s needs
 Poor strategies and methods
3. What are the tactics HR manager utilized to retain talented candidates in the
supermarket?
 Monetary and non-monetary methods
 Training & development
 Performance appraisal
4. Does Human resource manager reward & recognized employee’s efforts or not?
 Yes
 No
5. What are the impact of talent management strategies on company and workers?
 Positive
 Negative