Strategies for Talent Management: Red Carnation Hotel Research Report

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Added on  2023/01/17

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This report analyzes the talent management strategies of the Red Carnation Hotel, focusing on key themes such as attracting, engaging, and retaining employees. The research explores the impact of talent management on organizational performance, emphasizing the enhancement of employee skills and competitive advantages. The report presents findings based on thematic analysis, concluding that effective talent management is essential for hospitality organizations to improve productivity and performance. Recommendations include the adoption of a pay-for-performance culture. The report also addresses research limitations and difficulties, such as data collection challenges and time constraints, and suggests overcoming them through the use of Gantt charts and statistical tools. This report offers valuable insights for students studying management and hospitality, providing a comprehensive overview of talent management practices.
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Research Project
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Analysis of research
Conclusion
Recommendations
Difficulties and limitation
Table of content
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For analysis of findings of this research use of Thematic approach is made a description of
which is provided below:
Theme 1: Concept of talent management
Analysis of research
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Theme 2: Advantages are lead by effective talent management
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Theme 3: Effective strategies that lead to effective management of talent
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Theme 6: Main focuses and elements of talent management
Interpretation: As per the opinion of maximum respondents it has been interpreted that
Attracting, selecting, engaging, developing and retaining employees are the five main
focuses of talent management in the hospitality industry.
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Theme 7: Management of talent in an organization lead to enhancement of its
performance and competitive strength.
Interpretation: it can be interpreted on the basis of analysis of findings that management of
talent lade to enhancement in skills and talents of employees so that lead to enhancement
in overall performance and capabilities together with creation of better competitive
strength in business environment.
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On the basis of above findings it can be concluded that, talent management is becoming
essential for all hospitality organization as it sharpen and enhance the skills of employees
together with maintaining talented staff for a longer period. Thus, creates an better
opportunity to have in enhancement in productivity and performance along with larding
uniqueness and more competitive advantage for a hospitality organization.
Conclusion
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Following recommendation can be made for Red carnation hotel on the basis of evaluation
of findings with respect to effective talent management strategies:
Adoption of pay for performance culture is recommended for Red carnation hotel as it
enhance the moral of employees for improving their performance and skills to earn and
get better monetary benefits and incentive.
Recommendations
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The main difficulties faced while conducting this resrch work is associated with collection
of authentic and reliable data thus, use of best possible and most effective research
method is made to overcome this issue. Further, lack of resources and insufficient time
are the main laminations associated with current research work thus, use of Gantt chart
and other statistical tools are made to overcome and address these limitation.
Difficulties and Limitations
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