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Background
Talent management is explained as set of practices and processes that are used by the business organization to attract and retain skilled and experienced people within workforce. Talent management practice also includes skill development of employees and continuously motivate them to improve their performance in operations of company. Talent management is all about improving the workforce of company to increase the profitability of company in target market. This research is about Tesco Public Limited Company. Tesco PLC was established in year 1919 by Jack Cohen at Hackney, London, United Kingdom. Tesco PLC is the largest grocery and retail store in the United Kingdom. Currently, Tesco PLC is operating with 6800 Tesco stores around the globe. There are different practices that are implemented by the Tesco PLC to improve talent management process to get better result in the business outcomes.
Talent management strategies are important for the business organization to improve the performance of organization in target market. Talent management processes that are used by business organization are related to the workforce of company. Main objective of talent management strategy is to improve the performance of workforce of company. This is directly related to the profitability of organization in market place. So, this topic is considered for the research.
Significance
This project is important for the business organization that is looking for developing new and effective talent management practices in organization. This research can be used by the other researchers to evaluate the research gap and develop foundation of their research. This research project is important for both researchers and business organization.
Project Management Plan
Cost: Total cost of this project is 100 pounds and all the expenses are considered in the cost of project. Cost of transportation and resource acquirement is also included in this cost.
Scope: This research project can be used by different business organization to improve their talent management practices to get better result. This can help them to improve their performance in internal operations.
Time: This managing successful business project has been completed in 8 weeks and this period is consists of all activities that are related to research process and data collection.
Quality: In this research process, various considerations have been used in the research process to maintain quality and relevancy of the research.
Communication: For effective communication in the research process, a different type of communication methods has been used in the research process. For example, Email, telephonic communication, social media communication and written communication has been used in the research process.
Risk: There are different type of risks are involved in the research process. In this project, proper measurement has been used to avoid risk to maintain the quality of research process. Major risks that are considered in the research process are- data falsification, data loss and privacy breach.
Resources: In the research process, various resources have been used to complete the research process in effective way. Major resources that are used in the research process are the Internet, computers, stationery, journals, and books.
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Talent management is one of the most effective processes that is used by the business organization to develop the skills and capability of the employees to increase the productivity of employees within the workplace of company. Main aim of the talent management process to develop and retain skilled and experienced workforce of the company. There are different practices are used by the Tesco PLC to develop effective workforce that can maintain and improve the profitability of organization in market place. As per the view of Krishnan and Scullion, (2017), there are different practices are run by the management and human resources management of the Tesco PLC to maintain effective workforce in the company. The main functions that are implemented by the human resource management of the company are focused on the development of better environment in the workplace of the company to provide better working conditions to the employees to motivate them and improve their performance in the internal operations of the organization. Some of the most common processes that are used by the Tesco PLC are related to the motivation, skills, and knowledge of the employees. There are different practices that are implemented by the human resources management department to improve the skills and capabilities of the employees.
Importance of Talent Management Strategies for Business Organization
This is most important for the business organization to perform various activities and practices in order to improve the workforce efficiency of the company. As per the view ofThunnissen, (2016) Importance of the talent management process can be explained based on the benefits of the talent management process. Some of the major benefits of the talent management process are- Talent management process is most important for the business organization to attract top and skilled talent towards the organization. This is most important for the organization to develop effective workforce of the company to gain higher performance and quality in the internal operation. This can help the organization to improve the profitability in the market place.Talent management is also important for the business organization to maintain the motivation level of the employees to keep them loyal to the organization. Employee motivation is also important to improve its performance standard in the internal operations of the company.
Talent Management Strategies that are used by Other Business Organization
There are different talent management strategies that are used by the business organization to retain talented and skilled employees in the workforce of the company. Different organization uses different practices of talent management in the organization to retain their employees for longer time to maintain profitability in the market place. The most common talent management strategies that are used by business organization are- the most effective talent management strategy that is used by almost business organization like Sainsbury, ASDA and Marks and Spencer is development of effective job description. Proper job description can help the organization to hire suitable employee in the recruitment process. As per Taylor, (2018), assessing the cultural and personal values of the employees, better workforce can be developed. For example, HRM of company ca assess the compatibility of the employee in the organization culture to get maximum output from them. In this process, tone of voice, language, passion, and personal values of the employees can be analysed in order to assess the employee for the company culture. Coaching is also considered as most effective practice to improve talent management in the organization. This process can help the organization to improve the skills and capabilities of the employees. Organizations like Sainsbury's and ASDA are more focusing on the training and development process to improve the skills and knowledge of the employee. 360-degree feedback system also can be used by the organization to get better information about the challenges that are faced by the employees within the workplace of company. This is how different strategies are used by the organization to improve the talent management process.
Strategies that can Improve the Talent Management Process
As per the view of Bradley, (2016) management of organization can make various changes in the talent management approach to get better result with the workforce of the company. The most common process that can be used by the organization to improve the talent management strategy is- Identification of talent need can help the organization to maintain proper talent standard in the organization. Various career development plan can be used by the organization to improve the talent management process of the company. This is also important for the organization to develop zero tolerance in the company in order to improve the internal environment of the organization that is required to keep the motivation of employee high. This is how range of processes and strategies can be used by the organization to improve the talent management process.
RESEARCH METHODOLOGY
Research Type
Research type in the research process is based on the type of data that is considered in the data collection process. IN this research process, qualitative data has been used in the project to analyse the concept of research topic effectively. Selection of qualitative research type can help the researcher to understand the research topic effectively.
Research Philosophy
Research philosophy can be explained as though process that is considered by the researcher to conduct the whole research process. Selection of proper research philosophy can help the researcher to provide right direction to the project. In this research, positivist philosophy has been used in the research process to analyse the research topic effectively. This research philosophy is effective for the research because it can help the researcher to understand the social and ethical aspects of the research topic effectively.
Research Design
Research design can be explained as plan or process that is designed by the researcher to complete the research process effectively. There is two types of research designs are most commonly used in the researcher in the research process. These research designs are exploratory research design and conclusive research design. In this research process, exploratory research design has been used. This research design has been used in the research because it can help the researcher to understand the research topic from wide perspective.
Research Approach
Research approach can be explained as assumptions and concepts that are considered by the researcher at time of conducting research. Main research approaches that are used by researcher in the research process are- inductive research approach and deductive research approach. In this research, inductive research approach has been used in the research process. Inductive research approach can help the researcher to develop various theories on basis of collected information and these theories can be used by the researcher to find solution for the research problem based on developed theories.
Data Collection
Data collection process in which different processes and methods are used by the researcher to collect data and information from the sources. Two types of data collection process that are mainly used by the researcher which are- primary and secondary data collection. In this research, secondary data collection process has been used to effectively analyse the research problem and provide proper recommendation for the problem. This data collection process is effective to collect vast information in the research.
Data Analysis
The data analysis process is used by the researcher to evaluate and assess the data that is collected in the data collection process. Selection of the data collection process has been used to effectively analyse the research problem on cess is based on the research type. In this research project thematic data analysis process. Thematic data analysis can help the researcher to analyse the research problem from different perspective to develop better understanding of research.
DISCUSSION
Importance of Talent management
Talent management process also important for the organization to improve the performance of employees within the workplace of the company. Employee engagement is also one of main part of the talent management process in which employees of organization are engaged in the organization process and activities like decision-making process to develop innovative work environment in company. Talent management for the organization to retain top talent in the workforce of the company. This is important for the organization to maintain quality in the operations and internal process of the company to develop best quality products and services for the customers (Collings, Mellahi and Cascio, 2017). Talent management process also can help the organization to improve the perfo4rmance of company in target market. With talented and skilled workforce, organization will be able to perform various tasks that are complex and difficult for the less experienced employees. This is how organization can differentiate their products and services form the other competitors in the market place. This brand differentiation can help the organization to attract more customers and people to the organization. This is how talent management process is most important for the business organization.
Ways to Improve the Talent Management
Human resource management of organization track the performance of employees based on the real-time monitoring. This monitoring is based on the activity and movement of the employee in the workplace of the company. As per the activity and performance measures, various training and development program are designed by the human resource management and management of the company to improve the skills and knowledge of the employees regarding processes and strategies that are used by the Tesco PLC in operations. Main focus of the business organization is based on the collaborative working in the organization. This process can be used to develop better relationship between the employees of organization and improve the performance of individual team in the workforce of the company(Cappelli and Keller, 2017). There are different latest technologies are used by Tesco PLC in business operations to gain higher productivity in the market. As per the requirement, organization and technological changes in the company employees are provided with training to make them aware of the processes and methods that are used with new technology. This is how Tesco PLC used training and development process to improve the skills of employees. Along with this Tesco PLC also uses motivational approaches to improve the workplace environment of the company and develop better relationship with employees to make them loyal to the organization.
FINDINGS
According to the information collected in the research process, it can be considered that talent management process is most important for the business organization. There are different organizations are using talent management process to improve the productivity of the organization in target market. The current talent management strategies that are used by the Tesco PLC is most effective in the competitive environment. Main focus of the organization is on developing better environment in company and improving the skills of employees to get better result with the internal operation of the company(Gallardo-Gallardo, Thunnissen and Scullion, 2020). Talent management prices are most important for the business organization to maintain high-performance level in internal operation. Effective talent management process can help the organization to develop better relationship with employees and keep them motivated. There are different organisation that are using talent management process to develop and retain high performance working workforce in company. Company can use different process and change implementationplans to improve talent management process in company. This is how talent management process can be used by company to get more benefits in target market
RECOMMENDATIONS
Talent management process is considered as key to developing creative and high performance working teams in company. Range of process and methods can be used by company to improve skills and knowledge of employees within a workplace(Sparrow, 2019). Some of the most effective processes can be used by the organization are- by identifying the needs of the employees and current trends of the company organization can develop effective process to implement training and development plan in the company. There are some monitoring system can be used by the company to analyse the performance of the employees. This monitoring process can help the company to analyse the weaknesses of employees to develop effective training and development plan. This is how organization can use different process to improve the talent management process of company.
CONCLUSION
This research is concluding information about various processes and practices that are used by the business organization like Tesco PLC for the talent management process. Brief literature has been studied in the research to develop better understanding of the research problem. Various research methodologies have been used in the research to analyse and collect data in effective manner. Secondary information sources have been used in the research process to collect information about the approaches and practices that are used by the business organization to improve and retain talent in the company.
REFLECTIVE ACCOUNT
Performance Review
This was a really effective experience for me to analyse the processes and methods that are used by the business organization to manage the performance of workforce in company. In this process, I have learned about various processes and practices that are implemented by the management and human resource management of the company. I have also evaluated and studies the talent management strategies that are used by other business organization. In the research, I have also analysed the practices that can be used by the company to improve the talent management process in the company.
Value of Project Management Process
The value of project management process is very high because this process is effective to meet the business objectives of organization effectively. This plan can is important to complete the research objective within the deadline. This project management is very helpful to conduct the research process effectively and meet the goals of managing successful business project.
References
Books and Journals
Bradley, A.P., 2016. Talent management for universities. Australian Universities' Review. 58(1). pp.13-19.
Cappelli, P. and Keller, J.R., 2017. The historical context of talent management. The Oxford handbook of talent management, pp.23-42.
Collings, D.G., Mellahi, K. and Cascio, W.F. eds., 2017. The Oxford handbook of talent management. Oxford University Press.
Gallardo-Gallardo, E., Thunnissen, M. and Scullion, H., 2020. Talent management: context matters.
Krishnan, T.N. and Scullion, H., 2017. Talent management and dynamic view of talent in small and medium enterprises. Human Resource Management Review. 27(3). pp.431-441.
Sparrow, P., 2019. A historical analysis of critiques in the talent management debate. BRQ Business Research Quarterly. 22(3). pp.160-170.
Taylor, S., 2018. Resourcing and talent management. Kogan Page Publishers.
Thunnissen, M., 2016. Talent management: For what, how and how well? An empirical exploration of talent management in practice. Employee Relations. 38(1). pp.57-72.
