A Study of Effective Talent Management Strategies for Organizations

This report, a research project on effective talent management strategies for successful organizations, explores the concept of talent management, its benefits, and various strategies for business entities. It investigates the impact of these strategies, including job descriptions, employee reviews, training, and rewards, on organizational success, with a case study on Marks & Spencer. The research addresses challenges managers face, such as poor hiring, technology inexperience, and company culture. The methodology includes research philosophies of interpretivism and pragmatism, along with inductive and deductive approaches. The report presents literature reviews, data analysis, and recommendations for alternative research methodologies, concluding with a reflection on the research process and its implications for talent management practices.

Unit 11– Research
Project

Contents
FIRST PART...................................................................................................................................4
Research Proposal Form.........................................................................................................4
Research Ethics approval form...............................................................................................9
Questionnaire........................................................................................................................13
SECOND PART............................................................................................................................16
Title – Effective talent management strategies for successful organisations................................16
INTRODUCTION.........................................................................................................................16
Research aim & Objectives..................................................................................................16
Research Questions..............................................................................................................17
Literature Review...........................................................................................................................17
Concept of talent management.............................................................................................17
Various benefits of talent management for a business organisation....................................17
Different talent management strategies and its impact on success of a business entity.......18
Challenges faces by manager in managing talent within the organisation...........................19
Methodology and Data Collection.................................................................................................20
Data analysis and interpretations...................................................................................................25
Data analysis.........................................................................................................................25
Data interpretation................................................................................................................27
Qualitative questions............................................................................................................35
Conclusion and Recommendations................................................................................................36
Conclusion............................................................................................................................36
Recommendation..................................................................................................................36
Reflection & Recommendation of alternative research methodology...........................................38
Reflection.............................................................................................................................38
Recommendation for alternative research methodology......................................................38
REFERENCES..............................................................................................................................40
Appendix........................................................................................................................................43
Page 2 of 53

FIRST PART
Research Proposal Form
Student Name: ______________________ Student ID: ____________
Centre Name: _____________________
Tutor: ________________ Date: ___________________
Unit: ____________________
Proposed Title: _Effective talent management strategies for successful organisations.
_____________________________________________
Section One: Title, objective, responsibilities
Title – “Effective talent management strategies for successful organisations.”
Research Aim –
The aim of this study is “To identify different talent management strategies and its impact on
success of business organisation. A case study on Marks & Spencer.”
Research objectives –
The research objectives in context of this study are as follows:
1. To study the concept of talent management.
2. To assess the benefits of talent management for a business organisation.
3. To identify different talent management strategies and its impact on success of a business
entity.
4. To ascertain the challenges face by manager in managing talent within the organisation.
Research Questions –
Page 3 of 53

The key questions of research related to this study are as follows –
1. What is the concept of talent management?
2. What are the various benefits of talent management for a business organisation?
3. What are the different talent management strategies and its impact on success of a business
entity?
4. Which are the challenges face by manager in managing talent within the organisation?
Section Two: Reasons for choosing this research project
Page 4 of 53

This research project aims to ascertain different talent management strategies and its
impact on success of business organisation. The main reason of choosing this
particular research project is that it helps in understanding the concept of talent
management and its significance for organisation. It is very important for each and
every organisation to manage talent, thus, this project help in determining the different
benefits of talent management for organisation along with the various strategies
through which an organisation can maintain and manage talent and its impact on
growth and success of business entity. Apart from this, while managing the talent,
there are various challenges faced by manager. This research project assists in
determining the challenges which enable organisation to develop effective strategies
for overcoming the challenges. This research strategy proves to be very helpful in for
researcher in ginning deep insight and knowledge on the topic which further help in
accomplishing the objectives of research in a systematic and appropriate way.
Section Three: Literature sources searched
1. Concept of talent management
As per the view point of Painter‐Morland and et. al., (2019), Talent management is an
ongoing process which includes attracting and retaining the employees, developing
their competencies and skills and constantly motivating them to enhance their
performance. The process of talent management aims to develop motivated workforce
within the organisation who will stay for long term. It encompasses various
responsibilities of human resource. Talent management assist in maximizing value of
workforce and assist in improving the performance of business. Rapid talent
allocation, positive employee experience strategic human resource team are very
necessary for effective talent management and support outperformance of organisation
relative to peers. It enables company to stay competitive in the market through hiring
and developing the most talented employees and make it able to face the uncertainties
effectively. Apart from this, talent management enables employees to find out the
ways in order to harness the capabilities of new tools as well as resolving the issues by
coming up with original ideas. Moreover, with the help of effective talent
management, manager will be able to develop productive teams which in turn help in
1

improving the productivity and performance of organisation.
2. Various benefits of talent management for a business organisation
As per the view point of Negi and Patel (2021), talent management plays a vital role
when developing business strategies. There are several benefits of managing talent in
the organisation. Talent management enhance employee engagement and productivity.
The fundamental of this process is to determine and nurture the skills of employees
and utilise these skills to regularly improve their engagement. Administering
employees with adequate training opportunities for developing new skills assist in
improving their productivity.
Apart from this, the another benefit of talent management is that it allows succession
planning for critical positions. This assist in developing skilled workforce who is
capable of filling the leadership as well as other critical roles as the organisation grow
or develops. In addition to this, it enables multi skill building by job rotation (What
are the benefits of talent management?, 2021).
Skill building is one of the significant result of talent management. Job rotation
strategies can be executed by the managers which assist team members to diversify
their skill-sets. This improve the motivation level of employees and also help in
enhancing their productivity. Managing talent in the company in an effective way
assist in leading the organisation towards success and growth.
3. Different talent management strategies and its impact on success of a business
entity
According to Hughes, (2018), there are various strategies through which an
organization can manage the talent effectively. Some of the strategies are provided
below -
1. Developing appropriate job description - it is one among the strategies of talent
management that help in managing the talent effectively. An appropriate job
2

description helps in attracting hires which align with organizational culture. It also
helps manager in gauging the performance as well as assessing where training is
required or where opportunities are there for development.
2. Perform consistent employee reviews - the company must strive to have objective
work surroundings where is individual is treated equally and fairly and held to the
similar expectations and standards. Having performance reviews on continuous basis
will allow manager of organization to level the playing field through evaluating the
workforce utilizing an impartial system like numerical ratings. It is very important to
conduct employee reviews constructively as it offers timely feedback in order to
engage as well as motivate the employees effectively.
3. Providing training and development - by providing employees with consistent
training and development opportunities, manager will be able to manage and retain
talent within the organization effectively. It is very important to develop skills and
competencies of employees so that their productivity can be enhance and they get
motivated and satisfied within the organization. This will help in managing and
retaining them for long term in the company.
4. Reward and recognition – Providing reward and recognition to employees for the
work they have done is very importance to retain them in organisation. For example:
the employees of Google have unprecedented benefits packages which include free
shuttle service, on-site haircuts, free daycare, free meals and snacks and unlimited sick
leave. The incentives provided by Google are unmatched by no other. Its employees
are allowed to spend a percentage of their work hour in developing ideas and
innovation in order to mitigate the current as well as future demands of the industry.
4. Challenges faced by manager in managing talent within the organisation
As per the view point of Echelon, (2020), there are various challenges that managers
face while managing talent in the company. This includes poor hiring strategies.
Talent management strategy is a process which starts with the step of filling out the
vacant positions. The main objective is to fulfil this vacant position with only a high
3

performer. This will mean that company has to formulate a strong staffing plan, this
will ultimately result in achievement of organizational objectives with better
efficiency and effectiveness. With an ineffective hiring strategy, a company might
have trouble sourcing top talent. And, if top talent is sourced, the candidate won’t
want to wait around forever for an offer.
Apart from this, the another challenge to organisation is inexperience with
technology. today’s business environment is having cut throat competition and this
makes it essential to pace up with every latest change in business environment. Most
dynamically changing factor in environment is technology. company and management
has to ensure that they are incorporating every little change in the operations which is
pacing up with the technology. Due to lack of talent, very few individuals are capable
of working with proficiency in technology. There is wide agreement between
panellists that lack of people ready to move into leadership and managerial roles is
critical challenge.
Apart from that, unappealing culture of the company is the another challenge that
managers face (Management Challenges, 2020). Younger employees expect distinct
environment for work than their predecessors. They are looking for such types of job
which provide them with perks like open communication policy, flexibility etc. Some
of the demands may not be met by the organisations which makes it difficult for
manages to find suitable employees.
References
Hughes, C., 2018. The role of HRD in using diversity intelligence to enhance
leadership skill development and talent management strategy. Advances in
Developing Human Resources. 20(3). pp.259-262.
Negi. S & Patel. S, 2021., What are the benefits of talent management?.. [Online].
4

Available through< https://www.saviom.com/blog/benefits-of-talent-
management/>
Painter‐Morland, M. and et. al., 2019. Talent management: The good, the bad, and the
possible. European Management Review 16(1). pp.135-146.
Top Echelon, 2020, What are the challenges of talent management?.. [Online].
Available through< https://www.topechelon.com/blog/recruiting-software-
solutions/talent-management-challenges-issues-problems/>
Talent Management Framework: Human Resources, Role, and Strategies at Google
Inc, 2014. [Online]. Available
through:<https://russiarobinson.wordpress.com/2014/06/23/talent-
management-framework-human-resources-role-and-strategies-at-google-inc/
>
Section Four: Activities and timescales
Activities –
Aim and objectives
Literature Review
Research methodology
Submission of proposal
Approval of proposal
Data collection
Data analysis
Conclusion and Recommendations
Submission of final project
How long this will
take:
4
2
9
26
16
40
20
2
2
5

Milestone one: __Literature review_______________
Target date (set by tutor): __17-12-20__________________
Milestone two: ____Research Methodology___________________
Target date (set by tutor): ____01-01-21__________________
Gantt Chart
6

Section Five: Research approach and methodologies
What type of research approach and methodologies are you likely to use and
why? What your areas of research will cover:
Research methodologies consists of various methods which assist researcher to
perform the research systematically. There are different types of method that
researcher can use to including research philosophy, approach, strategies, research
design, data collection method etc.
 Research philosophies – It is considered to be a belief about the ways in
which data is collected, analysed and used while conducting a research. An
accumulation of both interpretivism and pragmatism is used in this research.
Justification - In order to study the physiological aspects related to the
study by focusing on qualitative data interpretivism approach is being used
in this research. And to address the issues associated with real life problems
associated with the research aim pragmatism is taken into consideration
while conducting this research. A combination of both of these approaches
will help in enhancing the overall reliability of conclusion drawn using this
research.
 Research Approaches – This step establishes the plan for entire
investigation. In this research, combination of inductive and deductive
approaches is used. In this research a combination of both approaches are
being used.
Justification - The reason behind using inductive approach for this research
7

is its compatibility with qualitative approach. In addition to that, deductive
approach is also used while conducting this research as it is compatible with
the quantitative dynamics associated with the research topic. Since this
research will require both type of data, qualitative and quantitative,
therefore, it is suitable to use both inductive and deductive research
approach.
Research strategies – This focuses on the overall plan for carrying out a
particular research. There are many research approaches such as instance
case study, experiment, survey, action and others. Out of all the
aforementioned research strategies, survey is taken into consideration while
conducting this research.
Justification - Survey is being used for this research as it is a cost effective
methodology and helps in collection of data from a large number of
respondents. With the help of survey interviews can be conducted, in
addition to that, questionnaires can also be conducted, which will help in
collection of raw data. Another importance of all these tools is that, it helps
in collecting authenticate information in minimum possible time and helps
in accelerating research on fast pace.
 Research Choice – In this section, the choice associated with the use of
appropriate methodology in conducting research is made. There are three
types of research choice including quantitative, qualitative and mixed
methodologies. While conducting this research mixed methodologies will
be used.
Justification - Among these types of methods, researcher will make use of
quantitative research design in this particular study so that numerical
information can be gathered. Selection of this method will help researcher in
drawing valid research outcomes. Qualitative data is also used in this report
8