Qualification - Higher National Diploma in Business
Unit Name - Managing a Successful Business Project
Unit Number - Unit 6
Unit Level - Level 5
Assignment Title - Talent Management
Learning Outcome 1: Establish project aims, objectives and timeframes based on the chosen theme;
Learning Outcome 2: Conduct small-scale research, information gathering and data collection to generate knowledge to support the project;
Learning Outcome 3: Present the project and communicate appropriate recommendations based on meaningful conclusions drawn from the evidence findings and/or analysis;
Learning Outcome 4: Reflect on the value gained from conducting the project and its usefulness to support sustainable organizational performance.
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Introduction
Talent management is a process by which businesses and organizations are seen to develop talented people who will make a positive impact on the organization. It is also considered to be a key component of HRM that is known to be responsible for manages to handle areas of talent margin. The purpose of such a process has been to increase the level of business performance along with making a significant impact to ensure sustainable business performance. Talent management is known to be a process that is aimed towards driving performance to handle people management practice. In any business, staff retention, training and morale are said to be the key that gets used by the motivated employees to handle employee attitudes to facilitate training and staff recruitment areas. In organizations, it is considered to be an important aspect to keep the employees engaged along with facilitating areas of skill margin to increase client satisfaction.
(A) Project planning:
- Devise a project management plan to map out how you intend to meet the project objectives;
- Clearly stated the scope, purpose and objective(s) of your business project and roughly define your project management during the process;
Solution:
1: Development of project aims, objectives, and timeframe of the theme
Analysis of project aim and objective
The aim of conducting the study is analyze the talent strategies that the organizations need t use to attract and retain people. The objectives of conducting the study are:
- To recruit the people with desired skills
- To attract the right people
- To facilitate learning and development aspects
- To hold business performance by developing effective strategies
- To develop an effective project management plan
A project management plan that covers scope, time, quality, communication, risk and resources
The purpose of developing a Project management plan is to involve everyone in the business to facilitate areas of communication along with describing the processes that help in project understanding along with managing areas of responsibility. It also helps the project to communicate along with describing the processes that the project will undertake to facilitate business roles and responsibilities. Effective talent management begins before the planning phase of a project through selective recruitment along with facilitating areas of continuous training and career development.
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- Precisely define the initiation phase and steps during the process, including providing details of activities to be carried out initiation, planning and execution of the project;
Solution:
Talent management is a part of business strategy that helps the project management to retain exceptional employees (Pandita and Ray, 2018). In order to manage effective talent management, it is needed for the business to recruit and hire employees with certain talents. The ultimate goal of developing such a plan is to achieve a superior quality workforce.
The HR groups are seen to struggle to formulate a talent management strategy that helps in mapping out the goals and priorities to handle the strategic plan and goals. It is needed for the HR team to play a strategic role in the organization to handle the talent management activities to manage areas of organizational importance (Galli, 2020). The planning process should be following the below steps, which are:
Moving forward, it is required to establish a talent management strategy to handle the talent along with facilitating better business goals which are important in any business along with providing a competitive edge to any organization. Developing the talent management plan is needed to facilitate the organizational goals along with developing the strategic planning. In order to analyze the time and cost required to ensure positive execution of the planning are:
Project management is important as it helps in delivering real value against the business opportunity. Thus strategic goals are needed for ensuring the goals of the project to facilitate the strategies goals of the business. In project management planning, it is needed to ensure a proper plan gets developed for managing the execution of strategic goals. It is needed for the project goals to focus on managing the business objectives to manage areas of project planning. Thus, the involvement of project planning is needed to estimate insight into the business work process along with meeting project milestones. In this way, control can also be developed in ensuring quality control to ensure enormous pressure. Dedicated project management also helps in ensuring the quality output to manage the process integration.
Create a work break down structure using a Gantt charts to track the activities to be undertaken;
Solution:
Work breakdown structure and Gantt chart to provide time frame and stages for completion of the project
It is needed for the project managers is to handle project complexity to manage the workflow to handle the process easier way. WBS is a chart that gets reflected to facilitate relations to manage the project work process. WBS is also needed for managing the project managers and also to handle the areas of business changes. Reasons for choosing to create a WBS structure are:
- It helps in correcting project organization
- It helps in providing more assistance in describing the project scope
- It also helps in distributing responsibilities (Al-Kasasbeh, Abudayyeh, and Liu, 2020)
- It helps in managing project milestone along with managing control
- It also helps in estimating project costs to manage risks along with developing time properly
As a result of communication, it is needed for conducting areas of software development. It also helps in increasing communication to manage areas of WBS. Thus, facilitating opportunities are needed to develop creative skills along with handling areas of project development. WBS also helps in minimizing the changes to clarify the business scope. Managers have a need offacilitating ideas and solutions to develop better ideas. In WBS, mitigating and managing risks are needed for allocating resources which are money, time, and labor. Gantt chart is created from the WBS that helps in developing relationships among the employees. Integration of WBS also helps in managing the project in smaller ways. The Gantt chart for the project is:
(B) Conduct primary & secondary research:
In collecting data for your business analysis, clearly show what kind of methods will you use, e.g. by qualitative and quantitative research methods etc., and develop your arguments what are the benefits in using primary data & secondary data collection in doing your research in such two methods
Solution:
Conduction of small scale research to manage the information gathering and data collection
Application of small scale research to conduct qualitative and quantitative research methods to meet project aims and objectives
Research methods are split broadly into two categories, which are quantitative methods an qualitative methods. Quantitative research is considered simpler to define and identify. The data produced in this way are always numerical, which gets analyzed by the use of mathematical and statistical methods. Qualitative research is involved of numbers and numerical data that help in managing the better investigation. Quantitative analysis also helps the research that helps in increasing deep experience about the research process (Wang, Ren and Liu, 2017).
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- Both methods are required. For quantitative method study, define your research area for your data collection, such as selecting a sample of the respondents. You can decide what kinds of sampling approaches and techniques (e.g. questionnaires or interview samplings etc.) to be used in your research analysis;If you are going to choose qualitative method by means of case study, define at least two other organizations to see what type of wellbeing initiatives they have. Research the value and benefits of addressing wellbeing in terms of improving employee retention. Focus on areas of good practice to build and support your business cases.
Solution:
Qualitative analysis has also helped in increasing deep experience about the research process. Thus, strategies are needed to develop strategies for gaining deeper insight to handle the research process. The use of Qualitative data analysis is also required for handling areas of research techniques. Based on the gathered data, analysis is needed for facilitating changes handle areas of the research process.
1. Is there any specific talent management initiative in your organization?
Options Response
Yes 20
No 10
As per the survey it has been founded that the total responses are 30. In that case, 33% responded are disagree while 67% of respondent are agree with the inactiveness.
2. Does your workplace have allocated budget for talent management?
Options Response
Yes 18
No 12
As per the graph it is seen that within 30 respondent 18 are agreed to allocated budget while 12 respondents are disagree.
3. What is your sex?
o Male
o Female
According to the survey it has been found that the total respondent were 30 while 18 respondent are male and 12 respondents are female.
4. Which age group are you in?
o 18- 25
o 26-30
o >30
As per the analysis it is seen that in this survey almost 9 respondents belong under the 18 to 25 age group. At the same time, it is also be seen that 10 respondent are belonging from 26 to 30 age group while 12 respondents are from under 30 age group.
5. Do you agree that people need to be recruited only based on their skills?
o Strongly agree
o Agree
o Disagree
o Strongly disagree
As the survey reveals around 30 respondents 12respndants are strongly agreed to this approach while 8 respondents are agreed. On the other hand, it is seen that 6 respondents are disagree while 4 respondents are strongly disagreed.
6. Do you think talent management is effective in attracting right people?
o Strongly agree
o Agree
o Disagree
o Strongly disagree
Talent management is an important part to improve the services in an effective manner. As per the survey outcomes, it has been found that within 30 respondents 15 respondents are strongly agree while 6 respondents are agreed that talent management is helped to attracting right people. On the other hand, it is seen that 5 respondents are disagree while 3 of them strongly disagree of this concept.
7. Do you think facilitating learning enhances talent management areas?
o Strongly agree
o Agree
o Disagree
o Strongly disagree
As per the survey outcomes, it has been found that within 30 respondents 8 respondents are strongly agree while 12 respondents are agreed. On the other hand, it is seen that 7 respondents are disagree while 3 of them strongly disagree of this concept.
8. Do you think developing effective strategies efficient in managing business performance?
o Strongly agree
o Agree
o Disagree
o Strongly Disagree
As per the survey outcomes, it has been found that within 30 respondents 8 respondents are strongly agree while 9 respondents are agreed. On the other hand, it is seen that 6 respondents are disagree while 7 of them strongly disagree of this concept.
- Be ensured your research is under ethical process and be reliable & valid. Limitation and ethic consideration are required to show in your report during the data collection.
Solution:
Qualitative data also helps in collecting information that helps in describing the measure opinion. Qualitative research methods are needed for handling the business work process along with managing the business process. It also helps in managing business motivation to handle the attitudes. Qualitative researchers are seen to seek deep insight to gain information about people's motivation along with managing attitudes along with managing deep understanding of research questions. Thus, the quantitative data helps in handling the problems along with handling the research hypothesis. Reliability in qualitative research refers to stabilize the response to managing the data sets along with facilitating long term engagement in the business process to establish credibility (Sheard, 2018). The relevance and durability of qualitative studies also relates to the core issues of controlling the consistency of research.
As quantitative data that helps to define key study points, qualitative data is essential. Validity also involves the administration of market suitability in the data storage and certification industries(Hopkins, 2017). Validity also gets established by handling the sampling process along with managing the data analysis process. In order to maintain the validity of the research was to facilitate better understanding to underline the needs of the research. While establishing validity, it is needed for managing tools and techniques to establish the correct data analysis process. One of the key methods for assessing the authenticity of quality data to resolve internal distortions.Employing a moderator is also seen to be overcome a personal bias to manage the validity of the research process. Quantitative research is included in reliability to measure the process along with maintaining and establishing the qualitative research process.
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Present Findings:
- Collate our research and analyse your findings;
Solution:
Recommendation based on the analysis
Analysis of research and data by the use of appropriate tools and techniques
In any research, analyzing the research philosophy is needed to managing the integration of ethos in the research work. Choosing proper research philosophy is needed for analyzing factual knowledge about the integration of talent management strategies to attract and retain people. Among the three types of research philosophy, the most effective one and the one that can be used in the study is the Positivism philosophy, which helps in enhancing the food value knowledge (Snyder, 2019). In addition, the researchers will obtain a profound understanding of the consequences of fast eating and how people perceive themselves with the use of optimistic philosophy. On the other hand, it helps control the research goal and the theory while considering an appropriate research method. It also leads to better guidance to accomplish the study targets.
It also helps in providing a better relationship between research variables. Among the Inductive and Deductive research approaches, the deduction one is seen to be beneficial for the business to develop a better relationship in the research variables. The deductive methodology also led to the behaviour of a practical procedure for the scientist(Ø rngreen and Levinsen, 2017). It too appeared to be supportive for the analyst to dissect expansive test estimates together with picking up way better quality information, which made a difference in conducting the inquire in a more successful way. It too made a difference for the analyst to remain to adhere to inquire about a point, which was related to creating procedures for overseeing ability in an organization. It was moreover appeared to be supportive for the analyst to oversee zones of investigation within the given time period. The study also needed to be conducted within a proper timeline, thus the chosen type of research has been useful in managing the data and samples.
When it comes to study design, the right design is necessary, as it helps accomplish the aims and develops a stronger framework. The choosing of the best study design also aims to generate useful results so that topic topics can be better applied.The most effective and appropriate research design
chosen for the study is Descriptive research design which helps in analysing the flaws in the process. In the case of analyzing the data sources, the researcher needs to choose both primary and secondary data sources. Data sources are of two types, primary and secondary data sources (Prada- Ramallalet al. 2018). The primary data source gets used to analyse areas of data gathering along with gathering raw data from the people. On the other hand, the secondary research has been useful to examine the areas which are needed to be improved for concluding better work in the research process.
Based on the gathered information, proper training is needed to be provided to the employees to develop better work culture. The researcher needs to go for choosing both the data sources to analyse the need of integrating talent management in the research process. It is also required to retain people to the organization along with analysing areas of gathered data. Choosing an effective sampling technique is required to handle the research process to get conducted properly. Probability and non-probability are two types of sampling, among which the needs to choose the non-probability sampling as it helps in managing the bias to stay eliminated from the business process. Managing ethical integration is also required for the project to prioritize the people equally (Chenet al. 2019). The gathered data also needs to be kept under Data Protection Act by managing no unethical access. While conducting the data analysis, no gender should be prioritized.
It too appeared to be supportive for the analyst to dissect expansive test estimates together with picking up way better quality information, which made a difference in conducting the inquire in a more successful way. It too made a difference for the analyst to remain to adhere to inquire about a point, which was related to creating procedures for overseeing ability in an organization. Along with these, managing the limitations is necessary which seems to occur mostly in time and budget. For that proper timeframe is needed to be developed. Time also stands to be an important part that helps in facilitating the research to get conducted in an effective way.
- Produce and present the business case including an evaluation of tools used to gather research and data to justify your recommendations for implementing wellbeing initiatives;
Solution:
Recommendation as a result of research and data analysis to draw the conclusion
It further promotes the communication of the project and explains the procedures performed for company functions and obligations. Successful talent acquisition continues with selective recruiting and encourages ongoing preparation and job growth until the planning stage of the project. Talent recruitment is part of the organisational policy to help the project administration
sustain outstanding personnel. It is necessary for the organisation to hire and employ individuals with such skills to handle successful talent management.Talent management strategy also helps in managing developing strategy to give a competitive edge to any organization(Kamilaris, Kartakoullis, and Prenafeta-Boldú, 2017). Employing innovative recruitment strategies also helps organizations to facilitate job openings. Thus, it is also required to build and employ talent to balance the business goals along with conducting growth to the carrier. Talent management strategies also help in developing plans to conduct personal aspiration to increase the employee satisfaction level. After analyzing the gathered data, it is understood about the best talent management practices, which are:
- Employee branding: Having a strong brand is needed as it attracts the best candidates to the organization.
- Employer reputation: Reputation is also related to employee branding which is also seen to get affected by external media.
- Applicant experience: the candidate's experiences have an effect on the employer's brand.
- Selection: Another crucial aspect of talent acquisition is to spot and pick the best among all (Jackson and Bazeley, 2019).
- Commitment: Committed workers are seen to be inspired by good results.
- Plan for succession: the retention strategy also allows the right candidates to be kept on board.
- Quality management: it is known as a core component of talent management and corporate performance development.
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(D) Reflection:
1. A performance review with your line manager to critically reflect upon the project plan, process and outcomes and what kinds of problems will be faced and how well on it from your series of research study in different aspects and information gathering;
2. A reflection statement also includes your personal future development from your research project which leads you to develop your business skills and development in running a business project.
Solution:
Reflection of value to support sustainable organizational performance
Evaluation of the value of the project management to meet the stated objective
The establishment of a project management process is needed to help the organization in creating a source of competitive advantage along with facilitating the ability to deliver the project on time. Modern quality management is needed for facilitating customer satisfaction along with meeting the needs of the people that helps me to get more influenced. At the same time, it also helps to me to understand the importance of the talent management process. With the help of this approach I
can improve my performances and make better quality in my future. The phases of quality management are:
Quality management planning: it is involved in identifying the quality requirements along with meeting the standards (Puškaet al. 2020). The objective of the extended quality administration ought to be clearly shared with all partners, and suitable errands ought to be designated to those responsible.
Quality assurance: It is involved in auditing to meet the quality requirements along with ensuring the opportunity of quality standards to get met.
Quality control: It is involved in monitoring the project work along with recording the results to handle quality activities to assess performance.
5. Conclusion
From the above study, it can be seen that Talent management is known to be a process that is aimed towards driving performance to handle people management practice. In any business, staff retention, training and morale are said to be the key that gets used by the motivated employees to handle employee attitudes to facilitate training and staff recruitment areas. It was also mentioned that Qualitative research methods are needed for handling the business work process along with managing the business process. The validity and reliability of qualitative research also help in representing the key aspects to handle the research quality. It was also discussed that talent management strategy also helps in managing developing strategy to give a competitive edge to any organization. Organizations are often seen to undermine the cost of recruiting the wrong talent. It is also mentioned about the need for modern quality management for facilitating customer satisfaction along with meeting the needs of the people.