Talent Management Strategies: HRM Theories, Legalities and Benefits

This presentation provides an overview of talent management within the context of Human Resource Management (HRM). It highlights the importance of managing talent in a competitive environment, focusing on strategies for retaining talent, fostering employee engagement, and promoting high-performance development. The presentation discusses the application of HRM theories such as Herzberg's theory, addressing employee needs like interpersonal relations and fair compensation. It identifies key HRM issues including employee retention, engagement, and leadership effectiveness, while also emphasizing the necessity of adhering to legal regulations related to working hours, health and safety, and compensation. The presentation concludes by recommending a focus on good leadership and monitoring practices to improve employee confidence and engagement, ultimately leading to better organizational performance. The document concludes with a list of references and is available for students on Desklib, a platform providing study tools and resources.

Talent management

Table of Content
 Introduction
 Talent management
 Application of HRM theories
 Issues in talent management
 Legal regulation

Table of Content
 Benefits of talent management
 Recommendations
 Conclusion
 References

INTRODUCTION
 The presentation aims to put highlight on HRM issue which is
talent management. Human resource management is all about
managing people of the organization.
 It is the most important function which takes place in day to
day functioning of business. In current competitive
environment, retaining talent, employee engagement and high
performance development are the main issue due to increasing
employee turnover ratio.

Talent management
 It is the concept of securing and keeping best talent within the
organisation. The companies are required to prepare strategies and
policies for managing talented employees for high growth and
productivity.
 The business environment is competitive and changing trends at
frequent phase. Therefore, employees want to be a part of companies
which fulfil their expectation and basic needs. Fresh talents are hard to
find due to which organisation face lack of skilful people and achieve
objectives as per set standards.

Application of HRM theories
 Herzberg's Theory:
 Interpersonal relations: employees seeks for making good
relations with peers and managers. These relations will help
them to work in good environment, get utmost support and
share ideas or values.
 Salary and appraisals: these are the basic need of every
employee which helps the organisation to get the best outcome.

HRM issues
 Employee retention
 Employee engagement
 High performance
 Ineffective leadership

Legal regulation
 The companies working in UK market needs
to obey all the legal provision for employee
welfare.
 Working hours
 Health and safety
 Leaves and compensation:

Benefits of talent management
 Attract top talent
 Employee motivation
 Improve business performance
 Engage employees:

Recommendations
 The companies need to focus on good leadership and monitoring practices in order to
create process improvement and coordination.
 This will help in giving support and boost employee confidence which will solve the
problem of employee engagement and organisation will be able to retain them for long
time.
 Employee engagement can be increases by Tesco with the assistance of providing
employee engagement programmes such as informal meetings, office parties, etc.

Conclusion
 The presentation concluded that HRM is the foremost function for organisation
achieve great success and market establishment.
 It has identified that there are issues related to employee engagement, retention
and high performance development.

REFERENCES
 Thite, M. ed., 2018. e-HRM: digital approaches, directions & applications.
Routledge.
 Wes, H., 2018. HRM issues and implications of the process of'localisation'.
In Human resource management issues in developing countries (pp. 61-69).
Routledge.
 Liu, Y., L. Cooper, C. and Y. Tarba, S., 2019. Resilience, wellbeing and HRM: A
multidisciplinary perspective.