Talent Management Strategies and Outcomes: A Case Study on TUI

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Added on  2023/01/12

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AI Summary
This report presents an analysis of talent management strategies within the service industry, using TUI as a case study. It begins with an introduction outlining the aims and objectives, followed by data interpretation that includes charts and tables illustrating key aspects such as employee engagement, profitability, and challenges faced. The report then delves into the major benefits reaped by management and the challenges faced by the organization. The report also offers recommendations based on the data analysis and concludes by emphasizing the importance of talent management for retaining talented personnel. The report also provides insights on how to improve the information and the need to use both primary and secondary information in order to remain competitive in the marketplace. References are included for further reading.
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Talent
Management in
the Service
Industry
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Content
Introduction
Aims
Objectives
Data interpretation
Suggested recommendation by analysing data
Conclusion
References
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Introduction
Talent management is the systematic process of identification of most
suitable person for the vacant position, developing the skill and
level of expertise by matching the position and retaining them to
attain the long term business objectives and goals.
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Aim
Effective talent management strategies in a selected travel and
tourism organisation”. A study on TUI.
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Objectives
To Evaluate the various kinds of talent management strategies and
tactics in organisation.
To access influence of talent management strategies on outcomes
of TUI.
To examine the challenges faced by TUI during implementation of
talent management strategies within the organisation.
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Data analysis
It is very essential to interpret-ate gathered information by using
appropriate tools and techniques so that reader can grab correct
information from the diagram. By this act authentic and realistic
information can be assembled by readers which will enhance their
knowledge to a large extent. The data analysis is done by using
appropriate tools and techniques which are illustrated as under:
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Major changes in performance of an
individual after implementation of talent
management strategies
Positive Negative
0
1
2
3
4
5
6
7
7
3
Column B
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Major benefits reap by management after
implementation of talent management
strategies
4
4
2
Employee engagement
Sustainability in marketplace
Profitability
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Major challenges faced by organisation.
5
3
2
Rigidity of change
Training and development cost
Not proper involvement
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Ways or methods to adopt the new strategies
and tactics.
4
3
3
Continuous training and
development
Change in management
Performance appraisal on
continuous basis
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Suggested recommendation by analysing data
It has been recommended that Talent management is one of the most
important part for an organisation to select one of most talented
personnel within the organisation. To appoint one of best candidates
it is important to select one of best selection process as it directly
contributes in development and enhancement of organisation.
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Conclusion
From the above report it has been concluded that talent
management strategies and tactics is very much important for an
organisation with the help of respective strategies organisation
can be able to retain one of most talented personnel within the
organisation. In order to improve the information it is very much
important to use both primary and secondary information in
order to remain competitive in marketplace.
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