Professional Documents
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Disseration Project Paragwaa Ka
Disseration Project Paragwaa Ka
Disseration Project Paragwaa Ka
A RESEARCH PROJECT
SUBMITTED BY-
PARAG SHARAD
In partial fulfillment for the award of the degree of
BACHELOR OF BUSINESS
ADMINISTRATION
(HR DEPARTMENT)
APRIL,2019
DOON BUSINESS SCHOOL,DEHRADUN
BONAFIDE CERTIFICATE
Project under-
The success and final outcome of this project required a lot of guidance and
assistance from many people and I am fortunate to have got this all along the
completion of my project work. My parents and friends has helped me a lot in the
following research and I am really thankful to to them.
I would like to thank the various experts, who inspire of their talent and were kind
enough to spare time to grant me help and other cooperative activities.
Parag Sharad
TABLE OF CONTENTS
CONTENTS
1. Introduction.................................................................................................... 6
1.1 Why Breeding and nurturing talent is important in today’s world......................... 7
1.2 Research Question ........................................................................................................ 8
1.2.1 How do companies present them selves as an attractive company to attract the
talented people? ................................................................................................................ 9
1.3 Objective and Purpose: .............................................................................................. 12
2. An overview of the Appropriate Literature ............................................. 13
2.1 Talented Humans in an organization........................................................................ 13
2.2 How are companies working with breeding and nurturing talent?....................... 14
2.2.1 Attracting People ………………………………………………………………...14
2.2.2 Developing people ................................................................................................. 15
2.2.3 Employee Retention............................................................................................... 16
2.2.4 Knowledge transfer ................................................................................................ 16
2.3 Employer Branding .................................................................................................... 18
2.4 Planning For Talent Management ............................................................................ 21
2.5 Search for the Talented and Brilliant People........................................................... 22
2.6 Attract and Keep the Talented Human Resource.................................................... 24
2.7 Developing and Managing Talent ............................................................................. 25
2.8 Nurturing Talent......................................................................................................... 27
2.9 Talented and Skilled Employees................................................................................ 28
2.10 How Organization Present Themselves for Others ............................................... 30
2.11 Summary of the Appropriate Literature Review .................................................. 31
3. The Research Methodology......................................................................... 33
3.1 My Research Methodology ...................................................................................... 33
3.1.1 How to find data..................................................................................................... 34
3.1.2 How to interpret the data........................................................................................ 34
3.1.3 Final Report ........................................................................................................... 35
3.2 Suggesting method(s) for data collection................................................................ 35
4. Empirical Illustration .................................................................................. 36
5
4.1 Ericsson (Company Overview) .................................................................................. 36
4.1.1 Search for The talented and brilliant People.......................................................... 36
4.1.2 Developing and Managing Talent.......................................................................... 37
4.1.3 Carrier Path ............................................................................................................ 38
4.1.4 Nurturing Talent..................................................................................................... 39
4.1.5 Hiring Methodology............................................................................................... 39
4.1.6 What arguments they Give to Attract the Talented People.................................... 40
4.2 A.P.Moller-Maersk (Company Overview) ............................................................... 41
4.2.1 Search for The talented and brilliant People.......................................................... 41
4.2.2 Developing and Managing Talent.......................................................................... 42
4.2.3 Carrier Path ............................................................................................................ 43
4.2.4 Nurturing Talent..................................................................................................... 44
4.2.5 Hiring Methodology............................................................................................... 44
4.2.6 What arguments they Give to Attract the Talented People.................................... 45
4.3 Volvo (Company Overview)....................................................................................... 46
4.3.1 Search for The talented and brilliant People.......................................................... 46
4.3.2 Developing and Managing Talent.......................................................................... 47
4.3.3 Carrier Path ............................................................................................................ 47
4.3.4 Nurturing Talent..................................................................................................... 48
4.3.5 Hiring Methodology............................................................................................... 48
4.2.6 What arguments they Give to Attract the Talented People.................................... 49
4.4 Nokia (Company Overview) ...................................................................................... 50
4.4.1 Search for The talented and brilliant People.......................................................... 50
4.4.2 Developing and Managing Talent.......................................................................... 50
4.4.3 Carrier Path ............................................................................................................ 51
4.4.4 Nurturing Talent..................................................................................................... 52
4.4.5 Hiring Methodology............................................................................................... 52
4.4.6 What arguments they Give to Attract the Talented People.................................... 53
5. Reflection and Conclusion........................................................................... 54
5.1 Employer Branding by Ericsson ............................................................................... 54
5.2 Employer Branding by A.P.Moller-Maersk............................................................. 55
5.3 Employer Branding by Volvo .................................................................................... 57
5.4 Employer Branding by Nokia.................................................................................... 58
5.5 Conclusion……………………………………………………………………………60
6. References ..................................................................................................... 62
Breeding and Nurturing Talents
1. Introduction
Breeding and Nurturing talents is defined as “to take care of or help a person to develop and
be successful” (Cambridge Dictionary).
Breeding and nurturing talent is to take care of a person or develop and make that person
successful. This concept is applied in human resource and the meaning of this statement is to
take care of the talented people and develop the talented people from the help of existing
talented people.
Breeding is how you produce and take the advantage of exciting talented people. This topic
is fairly new and very up to date and widely used in the international markets. Most of the
multinational and national companies are considering their employees as assets. How an
employer takes the benefits from their talented employees is Nurturing.
There is always a need of skilled labor in different organizations in all over the world.
Genius people are rarely found; the skills of typically creative people must be enhanced by
the right interpersonal relationships and environment (Von Oetinger, 2005, p.30) the genius
has “three essential features…. Firstly he has innate instinctive gifts and talents, which come
to light early in life (as in child prodigies) and a strong inner developmental dynamic.
Secondly, this intellectual potential predisposes the genius to extra ordinary cultural
achievements…. Which contradicts the hitherto usual, customary, and accepted once….
Thirdly, the brilliant intellectual insights and artistic testaments are, as a rule, not the result
of painstaking, step by step, hard, detailed work but rather consequences of unconsciously
effective forces”(Von Oetinger,2005, p. 30).
There was a management consultant group working in USA and that management consultant
group that worked on how to find out the genius and most talented people in an organization,
and they pointed out ones. These people will become the Directors and top most position
holders in that organization after some years. So there is an important and logical reason
for, why to find out the genius and most talented people for an organization?
Once talented humans join any organization, to develop and manage this talent is the
responsibility of the origination. Organization are spending huge amount on developing and
managing the talented. Nurturing talent is the very important part of any organization. How an
employer takes the benefits from their talented employees is Nurturing. Talented and skilled
employees are the backbone of any organization. An organization will not run for the long run if
they don’t have the talented and skilled employees in their origination. In order to remain in the
competition organization hired the talented and skilled employees. They termed talent as a
critical driver for company’s performance. In the last I wrote about how organization are
presenting them self for others. In order to attract and retain the talented people organization
must present them in such a way that it attracts the talented and brilliant people.
3. The Research Methodology
In this current subchapter I would like to introduce and explain research methodology. First, I
introduce the chosen methodology and its procedure and secondly I explain that how I follow
these procedures in my work.
Methodology is “A way of thinking about and studying social reality” (Strauss and Corbin
1998, p. 3). Methodology is the part of every research and it implies everywhere in all over
the world. There are many techniques and ways to carry out a research. In order to find out
any conclusion we use research and that research helps us to find out the best conclusion.
There are two types of research and that are “Qualitative research” and “Quantitative
research”.
While getting information from the Internet usually I have to rely on that information that is
given. Some time information given on the web is not 100 percent correct. But I have to
follow that information that is given on the web site of that company.
Language is one of the main sources of getting the information. Some time the Big European
companies issue their website in their own languages and with out knowing that language it
is difficult for me to get the idea that what these companies want to say. Some time
companies main WebPages also issued in their local language. Language may become the
ethical issue while writing and gathering the information for my thesis work.
Internet is very important now days. The use of web is very necessary and important to get
and exchange the information. I will use the Internet to get the different information and use
that information in my thesis work. I use the different European multinational companies
‘website to get the idea to present the most attractive and suitable wording for my thesis
work.
3.1.1 How to find data
In qualitative research first and important task is to find out the data. There are different
types of data available for the qualitative research. Interviews, observations and
questionnaire are the most common source of getting the data. I have selected four large
companies for my thesis work. I have explored data by visiting their web site especially
their online HR pages. I found the data of those pages pretty helpful to answer questions
like how these mega companies present themselves to attract most talented people. I have
gathered data by exploring their web pages especially.
In Ericsson management is offering their employees a diverse and global environment. Place
where they can take their decision by their self. Their employees are encouraged to take the
creative decisions. They are offering their employees a creative and working workplace so
that their employees can work whole-heartedly.
Maersk is saying that they have an ongoing recruitment process in which they try to search
for the talented and brilliant employees. Their management motivates candidates in different
ways to come and become the part of the organization. They said that they invite candidates
from various backgrounds and educational levels. They offered separate department working
on to find out the talented and brilliant people. This department is working to find out the
best possible talent and brain for the organization. The Human Resource of Maersk has a
procedure to invite all candidates who full fill their basic criteria. From this we can have an
idea that they are always interested in talent. Maersk is working in all over the world and
they are finding the talented and brilliant people from all over the world. They say that they
want the most talented and skill full employees from the market who can work with them for
the longer period.
The management of Maersk is saying that they encourage job rotation of their employees, to
further develop their skills and get knowledge about other departments of the company.
Maersk management offering development an ongoing process, which undergoes through out
the entire career of their employees, they considers updating in employees skills a major
asset for their future growth.
4.2.3 Carrier Path
How do the big European Companies provide carrier path to their employee. In which way
they guide their employees to provide the long term carrier path. I write about Maersk about
their carrier paths.
“At A.P. Moller - Maersk there are no fixed career paths; you do not move up the hierarchy
just because of age, seniority or simply because it is your turn. Our view is that you
personally should be able to influence your career possibilities based on your own wishes,
skills, personal attributes and achievements” (Maersk 2008).
According to Maersk management there are no fixed carrier paths. An employee cannot
move up because of their age, seniority and simply because it’s your turn. In other
companies, management believes that an employee should be in that position to achieve their
carrier path based in their own wishes, skills, personal attributes and advancement. The best
opportunity comes when there is perfect match between an employees personal interest and
abilities and the organizations needs. If an employee finds the job of his own interest there
will be many chances to find his carrier path earlier and for the long run.
Jobs Advertisement
Application screening
I.Q.
Written Test
General Interview
Volvo is saying that they are providing their employees challenging and growing
environments where they are encourage to take part in new development and bringing new
ideas. These things will help them to grow in their professional carrier.
4.3.4 Nurturing Talent
How these companies are attracting and retain their employees? Nurturing talent is very up to
date and recent topic. Organizations are trying to spend lot of resources on nurturing talent. I
am going to explain that how Volvo is nurturing their talent.
Volvo is saying that they are always trying to attract and retain their talented people. They
said that have their own system to grow and polish their employees. In Volvo management is
saying that they want to retain their talented employees for a longer run, and they also want
to improve the leader ship qualities of their employees. They also try to attract and train them
in their own organization in different ways. There management want to retain their
employees for longer run in their own organization. Volvo Management claims that their
employee’s turnover ration is comparatively low as compare to other big European
Companies.
4.3.5 Hiring Methodology
How do the Big European Companies hire the people? What is their requirement policy and
in which way they are recruiting people for their organization? I will explain that how Volvo
hire the talented people for their organization.
Volvo management is saying that in most of the cases we hire the new employee by their
own human resource department. They said that we have our own human resource
department, which regularly recruits the new employees. Volvo recruits the new employee
from all over the world and from the different educational background.
The Volvo Group has initiated a recruitment campaign with the aim of employing 250
engineers globally within the Group's truck-related research and technology development
activities. "This is just the beginning of a recruitment period that will last several years,
which is attributable to our extensive investments - mainly within environmentally related
research and technology development," says Anders Ydergård, Senior Vice President
Vehicle Research and Development.(Volvo 2008)
According to the management of Nokia, we encourage taking the creative and developing
ideas of the employees; we also provide different types of training to develop our employees.
4.4.3 Carrier Path
How do the big European Companies provide carrier path to their employee. In which way
they guide their employees to provide the long term carrier path. I write about Nokia about
their carrier paths
Management of Nokia is saying that they are providing long term carrier path to their
employees. Nokia is one of those companies of the world, which has the lowest employee’s
turnover ratio. The management Nokia is offering in real terms a carrier path to their
committed employees.
“We are committed to providing equal and diverse opportunities for our employees to
develop and grow, both personally and professionally. We want benefiting from differences
to be a natural part of our processes and leadership philosophy - allowing every employee
and manager to take an active role in building inclusiveness and supporting positive
change” (Nokia 2008).
For the committed and growing employees Nokia management said they have internal Job
Market. All the vacant positions are advertised internally except few senior managerial
positions. Employees can shift to the senior positions and make their carrier by fulfilling the
job criteria.
Nurturing Talent
How these companies are attracting and retain their employees? Nurturing talent is very up to
date and recent topic. Organizations are trying to spend lot of resources on nurturing talent. I
am going to explain that how Nokia is nurturing their talent.
The management of Nokia is saying that they are interested in attracting and retaining their
employees. Nokia management is always keen to retain their employees in their organization
for a longer run. According to Nokia management, employees are always encouraged in open
discussion and debates. In Nokia, management considers employees feed back as an
important source of getting new ideas for the organization. To retain their employees Nokia
management offers many incentives packages and flexi working time table to their talented
and brilliant people.
4.4.5 Hiring Methodology
How do the Big European Companies hire the people? What is their requirement policy and
in which way they are recruiting people for their organization? I will explain that how Nokia
hire the talented people for their organization.
Nokia management is saying that in most of the cases we hire the new employees by own
human resources department. We have our own human resources department, which
regularly hires the new employees though out the world. They have their own criteria in
which they hire the people from all over the globe.
“We provide individuals with a platform for personal growth in a challenging environment
with a clear vision, goals and shared management principles - the Nokia Way. The Nokia
Way brings together talented individuals who share these principles, and therefore share
success”. (Nokia 2008)
According to Nokia management, we are providing a challenging plate form to employees,
where they their personal and professional growth is going on. The management of Nokia is
always looking for the talented and committed people from all over the world. They also
want to see their employees successful in their carrier life.
4.4.6 What arguments they Give to Attract the Talented People
Human resource is the most important and key factor of any successful organization.
Organization doesn’t work successfully with out having talented people. Organization gives
the several arguments to attract the talented people. I explain that what arguments Nokia give
to attract the talented people.
Nokia provides employees with market competitive rewards through a flexible global
structure, which can address diverse and changing business and employment environments,
as well as specific individual preferences. Our Total Compensation Package is typically
consists of elements such as annual base salary, incentives, bonuses, possible stock options
or performance shares, flexible Work-Life balance solutions, and other local benefits.
(Nokia, 2008).
Nokia management is saying that we provide the best salary to our employees not only in
monitory terms but also other benefits. We believe those employees who are giving the high
performance will get the higher salaries and higher rewards. The management of Nokia is
also offering work-life balance for their employees because they feel that it is very important
to take care of the employee’s personal life as well as the professional life. Nokia
management also offered their employees, successful management system also called
Investing In people (IIP)
Volvo management is saying that they are nurturing the talent in their organization.
Management of Volvo is saying that we are trying our best to attract and retain the talented
people in our origination. According to Volvo management, we want to retain the talented
employees for a longer run. In the knowledge driven economies the importance of knowledge
and skill is more important. Volvo management believes that we are always looking for the
talented and skilled employees for our organization.
Volvo management is saying that we are one of those companies of the world who spend
huge amount to present our self in such a way that it attracts the talented people. It not only
attracts the talented people but also the competitors. Volvo management is saying that we
spend huge amount to attract and keep the talented human resource in their organization.
Good organization is not who have the talented employees in their organization but one who
put the right person at the right place. The Volvo management claiming that they put the
most talented people in the right places.
Good and strong image is very important for any organization. The management of Nokia is
saying that we are one of those companies of the world who has good and strong image in the
minds of the people. Employer branding is a concept of attracting and retaining the talented
people in their organization. Nokia management is claiming that we are one of the few
Faisal Ali
59
companies of the Europe who retain their talented employees for a long run. In Nokia
employees turn out ratio is also very low as compare to the other companies. Employees
want to work for a longer period of time. Nokia management offers their employees the best
environment for working, they also giving training and development to their employees.
Nokia is saying that every employee is as important for our organization and our employees
are the greatest assets for our organization. They are taking care of every employee.
According to their management every employee counts. Talent is very rare in this word.
Employer branding is the shortest way of achieving this long term problem. Nokia is also
applying this employer branding in their organization to attract the talented and brilliant
people.
Management of Nokia is saying that they are developing and managing their talent. With out
developing and managing talent it’s very difficult for any organization to make progress for
longer run. Knowledge is considered the corporate assets for the companies. Management of
Nokia believes that they are caring the knowledge based employees and also develop them.
Knowledge transfer is an important factor for the survival of any organization. Organizations
that are transfer the knowledge of talented people to the other employees having the
competitive edge on other organizations.
Attracting and retaining talent can only be possible by good human capital management and
focused leadership. Management of Nokia is saying that their organization is one of those
organization who attract and retain talent buy their human capital management. Their
management is considering their success because of their talented people. According to the
management of Nokia, we are always planning for the talent management, how to find out
the talented and genius people and also how to retain these people in our organization.
Those organizations who present the good image in people mind remain successful in
winning the talent war. Management of Nokia is saying that after saver year’s effort we are
now in this position to win the talent war. Once an organization wins this war it easier for
that organization to attract and retain the talented people in their organization. Employment
branding is the hottest strategy for the long term solution of the shortage of talent. Nokia
management is saying that they are following the employer branding in their organization,
we also find the long term solution of the shortage of talent. Management of Nokia believes
that after several years’ effort we make our organization the best place for the employee
5.5 Conclusion
On the basis of my research as well as the previous studies on attracting the most
talented
people, I have drawn some conclusions. The aim of my thesis has been to find out
how the
big European Companies attract the most talented people. The intention here is to
highlight
the key points that are important for the success of attracting the talented people
and to
present them in such a way that it attracts the talented people.
The first crucial thing to do before rushing to the topic is to evaluate why big
European
companies want to attract the most talented people. Most often the reason’s for
attracting the
most talented people is to stay in the market for a longer run, to take the
competitive
advantage on other companies, to generate huge profits, to transfer the knowledge
of those
talented people to their employees.
In the literature Review I have taken different themes. I tried to connect these
themes to my
topic that is how the big European Companies attract the most talented people. I
explained
that what factors are for which companies hiring the most talented people.
Companies attract
and retain the talented people for their survival; these companies know that they
cannot make
progress for the long run with out having these people. Companies know this thing
that
education and skills are the competitive weapons of the twenty first century.
I have taken four big European Companies to see how they attract the most
talented people
and what arguments they give to attract the most talented people. I have taken
Ericsson,
A.P.Moller-Maersk, Volvo and Nokia for my empirical study. I have applied
different
themes in these companies to see how they are working for the most talented
people and
what arguments they gave to attract the most talented people. I have seen during
my work
that these big companies spent huge amount on their, Human Resource department,
job
advertisement and their WebPages to attract the most talented people from the
market.
These
four big companies not only attract the talented people but also retain them to
transfer the
knowledge for their employees.
In the last part interpretation of the findings i have applied Employer Branding
concept on
these four big European Companies. I have seen all the companies are working
with
employer branding concept. They applied this concept of employer branding to
find out the
long term solution of the shortage of talent. These companies by their several years
of efforts
make their self as best working place for the most talented employees.
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