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Talent Management principle in Centrica PLC Assignment Sample

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Talent Management principle in Centrica PLC Assignment Sample

Introduction

Background of study 

This particular study is in providing knowledge about the importance of employee engagement for being a source of talent management within the principles of Centrica PLC. Employee engagement is always known to be a critical process for retaining every valuable talent and also is a very crucial part to satisfy the employees (Gallardo-Gallardo, Thunnissen and Scullion, 2020). When an employee is engaged in his work he is found to be more attentive and concentrated on the work and therefore it can be expected that whenever an employee is too much into work he is expected to provide more resources and ideas and find out new innovative ideas to make work more effective. 

Research Rationale 

Yes, there are a number of advantages that employee engagement provides to organizations like Centrica PLC for talent management however it also provides some of the issues that make organizations doubt whether it is perfectly suitable or not. Some of the challenges that employee engagement brings in spite of talent management are lack of clarification or lack of commitment or insight for top management, generalization, lack of work-life balance, recognition and growth, and also a number of issues (Metcalfe, Makarem, and Afiouni, 2020). Therefore this particular study is focused on providing some of the ways in which this can be managed and also identifying the challenges related to it. 

Literature Review

Importance of employer engagement as the best talent management principle

As per Lawler (2017) keeping employees engaged or employee management is known to be the process in which an employee provides efforts one of their best as an individual or in a group so as to gain the interest of the organization. Moreover, it has always been found that employee engagement is one of the ways in which these are committed towards the values and goals of the organization and as the employee is engaged in such a procedure it can be expected from him to be on track of his special talent that he has and also to bring out new solutions. Therefore it can be said that employee engagement is totally linked with talent management. 

Figure: Benefits of employee engagement 

(Source: Lawler, 2017)

Identify the major factors of Employer engagement in Centrica PLC

One of the major factors for employee engagement within organizations like Centrica PLC is company culture. This is because the culture of organizations is made up of the behavior and values of employees and having engagement within organizations requires encouragement and value engagement as a behavior. Claus (2019) stated that the next one is employee participation giving every employee a platform in which they can easily share their ideas and values with organizations and can provide them the opportunity to showcase their talents. The next one is good management. One of the keys that help an organization to have a successful employee engagement within organizations like Centrica PLC is great management as the majority of the workers interact with their superiors and managers can be important in having such management. 

Figure: Factor of employee engagement 

(Source: Claus, 2019)

Evaluation of the major issues of Centrica PLC, which can be mitigated through proper talent management such as Employer engagement

One of the first barriers to employee engagement is known to be the lack of clarification among the management and the employees. However, in order to have good employee engagement within organizations, it is very important that there is job satisfaction, high employee morale, happiness, and an attentive worker. Those were a number of reasons and this is done when the employee talks to each other if not for lack of clarification offers. As per Pal-grave (2021), the next one is the communication gap among employees. When an employee does not know what's going on within organizations like Centrica PLC then the engagement is seen to be decreasing. When employees do not receive recognition for their work or interact about their task they get motivated which again affects their talents and also work. 

Figure: Employee engagement pros

(Source: Pal-grave, 2021)

The best theories for Employer engagement to develop the internal and external factors of Centrica PLC

The first model that organizations like Centrica PLC can make use of is known to be the Zinger model; it focuses on a total of 10 important actions that a manager must take so as to provide employee engagement. The ten factors enhance well-being, enliven energy, make meaning, leverage strength, build relationships, Foster recognition, master moment, maximize performance, mark progress and the final row contains the main goal which is employee engagement (journals.sagepub.com, 2021). 

Figure: Zinger Model 

(Source: journals.sagepub.com, 2021)

The next model that organizations like Centrica PLC can make use of is known to be the Deloitte model; this model particularly focuses on the culture of organizations in order to enhance employee engagement. 

Appropriate research methodologies and approaches 

Research Philosophy

Research philosophy is considered to be a way to have the advancement of the required information and also different skills for the study. It helps in showcasing the ideas and for interviews of the research on the basis of the strategies made by him. The research philosophy is divided into three types: positivism, interpretivism, and realism (epe.rutgers.edu, 2021). In this particular study, the researcher has made use of positivism philosophy so as to gather reliable and truthful information about the topic. Positivism philosophy has also held the researcher to make the research study more authentic and to maintain the accuracy and truthfulness of the information. 

Research Approach

The research approach is known to be an important method that the researcher uses in order to identify some of the appropriate and required methods in order to gather proper and appropriate information for the study by following the plan that has been created. The research approach is divided into two types: the inductive approach and the detective approach. In this particular research study, the researcher has chosen to make use of the deductive research approach (cipd.co, 2021). The reason behind choosing the deductive approach is that this particular study is focused on having Logical reasoning in order to have appropriate conclusions. It also helps the researcher to point out the variations between variables and original factors of the study. 

Research Design

Research Design is known to be the method that is utilized in order to conduct the study and in this particular part the researcher is required to figure out the actual structure that is required for the overall dissertation. The Research Design is considered to be the total strategy that is required in order to prepare the research work (mckinsey.com, 2021). The Research Design is divided into three types descriptive, explanatory and exploratory. In this particular study, the researcher has made the use of descriptive research design in order to make the use of various secondary sources like newspapers, articles, magazines, and journals to collect the required information for the study. 

Data Collection Method

Data Collection is known to be one of the practical methods that are utilized by the researcher in order to collect all required information and also to identify the correct information and data that is required for the completion of the study. Data Collection is divided into two type’s primary data collection method and secondary data collection method (Human Resources Today, 202). In this particular study, the researcher has made use of both primary and secondary data collection methods so as to make use of both the survey and interview process and also various secondary resources like journal articles and magazines to collect information. 

Data Analysis

Data analysis is known to be the path in which the researcher analyses and interprets the information that has been collected by him during the process of Data Collection. Data analysis also helps in identifying the problem statements of the study and it is based on the aims and objectives and also the requirements of the study. Jethalal's is divided into two types: qualitative analysis and quantitative data analysis (epe.rutgers.edu, 2021). The research in this particular study has made use of both qualitative and quantitative data analysis. This is because quantitative is based on the numerical and statistical information and also information collected from the survey and interview process and on the other hand qualitative is based on the related information gathered from secondary sources. 

Analysis and Finding 

Quantitative Analysis 

Quantitative studies focus on quantifiable metrics and statistics, scientific, or numerical assessment of information acquired through surveys, questionnaires, and interviews, as well as modifying pre-existing survey information using computing tools (Bairagi and Munot, 2019). This study follows the quantitative analysis by implementing an online survey among 10 members from Centrica PLC. The information has been acquired using six sets of questions. The studies mainly focused on a sample of 10 people that was indicative of the general group. The information has been presented in the form of numbers, pie charts, and figures.

Findings: the first question was about the age category of the members. Five categories have been mentioned in the questions. 50% of respondents said that they are from the age category of 25-30. 30% of respondents represent the age category of 31-35. Only 20% of respondents represent the age category of 36-40.

Findings: The second question that has been asked to the respondents was about their gender. 50% of female members took part in this survey whereas; the survey questions have been answered by 50% male members of Centrica PLC.

Findings: The third question that has been asked to the members about their engagement with Centrica PLC. Here the responses have been received from only two categories. 50% of respondents come from the 2-5-year category whereas, 50% of members have been worked in Centrica PLC for 6-9 years.

Findings: From the above diagram it can be observed that Centrica PLC members have been asked about major factors of employer engagement. From the mentioned five categories (age, experience, and level of education, benefits and salary, work environment, job security, and training and development) highest responses (40%) have been received for the factor job security. On the other hand, 20% of members selected training and development, benefits and salary, and work environment as major factors of employer engagement in Centrica PLC.

Findings: From the above diagram it can be observed that Centrica PLC members have been asked about major issues of Centrica PLC, which can be mitigated through Employer engagement. Five categories have been mentioned in the question. The highest responses (40%) come for the category ‘giving engaging work’. 20% responses from members have been stated that developing an employer engagement strategy and recognizing and hiring correct employees are the major issues that can be mitigated through Employer engagement. Whereas, only 10% of members stated that encouraging passion and offering good salaries are the major issues that can be mitigated through Employer engagement.

Findings: From the above diagram it can be observed that Centrica PLC members have been asked about the theories for Employer engagement to develop the best internal and external factors of Centrica PLC. Three theories have been mentioned which comprised employer attraction, employer development, and employer retention respectively. The highest responses (40%) come for the category ‘employer development’. 30% responses from members have been stated that employer attraction and employer retention are the best theories for Employer engagement to develop the best internal and external factors of Centrica PLC.

Qualitative Analysis 

Qualitative data analysis brings clarity to a set of data containing qualitative data from a variety of sources. However, the qualitative approach encompasses a wide range of concepts, as it is frequently associated with a specific technique, theoretical approach, or kinds of research (Lester, Cho and Lochmiller, 2020). In this study, a thematic analysis has been carried out as a part of qualitative research. Thematic study is a qualitative method of research that can be applied to a wide range of research subjects and systems of thought. It's a technique for finding, analysing, organising, summarizing, and reporting themes in a set of data (Nowell et al., 2017).

Theme 1: Encouraging worker diversity as a good employer

Centrical PLC has made it a priority to meet the diverse needs of its clients and communities in its staff in order to hire and retain talents and increase customer satisfaction. To supplement Centrica's employer retention networks, the company has been working hard to become a more inclusive and diverse workplace. In 2017, they designed a new Disabilities and Wellness Employee Community (Centrica Plc, 2021). There is indeed a misconception that diversity is for minorities, whereas in reality, it affects everyone. Centrica is distinct for a variety of reasons, including differences in talents, personal characteristics, beliefs, and perspectives. The company has banded together just to guarantee that everyone is treated equally and without prejudice. This is not just the correct thing to do from a humanitarian perspective, but it is also a necessary part of an employer engagement plan.

Theme 2: Skill development might be beneficial for future employer involvement

Centrica PLC has been putting its experience to work in developing the skills that society requires. Since 2010, the organisation has touched almost 560,000 younger generations with its coursework-based lesson plans, assisting in the development of skills in scientific knowledge, tech, industry, and mathematics (Centrica Plc, 2018). Centrica has also assisted 1,150 youth unemployed persons to gain skill sets through the Move to Work program over the last 4 years. About 60 per cent of those who took part in the programme went on to find long term jobs or pursue further education (Centrica Plc, 2021). Centrica has expanded its graduate studies in the latest days to provide 74 spots as an employer, in line with the increased number of students in the UK throughout the last year. Students will have the chance to gain working skills and professional knowledge in 12 key areas throughout the British companies, including accounting, advertising, human resources, customer operations, and technology.

Theme 3: Employers feedback can save a work environment from declination

Employer feedback is critical for creating an environment where everybody is creative and willing to be oneself while yet delivering for the consumers. Employer feedback has been received on a routine basis in Centrica PLC, with topics such as compensation, growth, inclusiveness, and organizational restructuring considered. Townhalls, questionnaires, performance-based assessments, and organized contacts with the union movement were all used to gather feedback (Central plc Annual report, 2020).

Theme 4: Business can be transformed by involving different views of employers

Centrica PLC consulted with employees and organized labour to ensure that their perspectives were considered even during transformation. Members of the Board of Directors convened various town hall meetings, with over 15,000 people in attendance, to publicly debate why Centrica needs to become a better and much more cost-effective company, and why the terms of the contract need to be standardised (T&Cs) (Central plc Annual report, 2020).

 

Outcomes of a research project to identified stakeholders (Discussion)

From the literature review part, it has been seen that keeping every employee engaged in his or her work is known to be one of the ways that can help employees to provide their efforts and showcase their best as an individual or in a group and also helps in gaining the interest of the organization. Moreover, when an employee is engaged in his or her work he is found to be providing more attention towards his work and therefore high chances of creating new solutions for innovative ways can be found. From the survey process, it was found that the people who took part in the survey were working in the organization for around 2 to 9 years and they conveyed their views that factors of employee engagement are benefits in salaries, work environment, job security development, and training and so on. It has also been found that the organization’s priority is to provide diverse needs of the committee and clients so as to retain higher talent and also to increase customer satisfaction. It has also been identified that in order to supplement the organizations’ employee retention networks the organization has been working so hard to become a more diverse and inclusive workplace and it can also be said that it influencers in having greater employee engagement when the environment within the organization is good. 

Again it has also been identified that some of the major factors related to employee engagement within an organization are related to the organizations’ culture as the culture of the organization is the one which helps in creating the values and behaviours of the employees and encouragement and value is also required in order to have employee engagement. The next one that has been found is providing employees a platform that will help them in showcasing each and every idea that they have. Moreover, the organization acquires the young generation in order to develop the required skills for society. This young generation helps the organization with mathematical Industrial and Technological and scientific knowledge. This helps them to identify the different issues taking place within the organization. From the survey, it was found that employee engagement helps the organization to hire and recognize correct employees offering impressive salaries and so on. 

From the literature review part, it has also been gathered that there are a number of issues that can be mitigated with the help of employee engagement is lack of clarification that is wherein an organization contains engaged employees then it can be said that these employees are totally satisfied with the service and also given their best for the organization, therefore, this particular issue is solved with the help of employee engagement. The next one is that the communication gap that occurs is also reduced as engaged employees always talk to the manager superior rather than take their opinions and views and then do their work. 

Lastly, as it has been found that the best models that can be utilized by organizations to have better employee engagement within the organization are the zinger model and the Deloitte model. Besides, from the survey process it has been found that the participants believe that models like employee attraction, employee development, and Employment retention.  

 

Reflection of the application of research methodology

From the research methodology part, I came to know about the various ways that can be utilized by the researcher in order to conduct the research study properly. I came across a number of factors and reasons that helped me to understand the in-depth meaning of choosing some particular ways for conducting the research study. During this process of research methodology, I also realized the fact that having proper planning of what to be done before going into the research is very much crucial so as to not face any kinds of trouble while completing the research study. I also realized the fact that choosing the appropriate method that is required for the particular study in relation to the topic is very crucial or else it may result in an inappropriate conclusion to the study, and this can have a bad impact on the overall study. I also feel that each and every process of research methodology is very crucial as it can be seen during the process that each of these methods has been utilized properly and which has resulted in having such an appropriate research study. 

Conclusion 

From this particular study, it can be concluded that employee engagement is known to be one of the crucial factors that helps organizations like Centrica PLC to have good talent management within the organization. However, there are some challenges of employee engagement too but it can be decreased with the help of the application of models like the zinger model and the Deloitte model. The various application of research methodology in this study has also been discussed and also the appropriate choice of required method has been provided along with the justification of it. Lastly, an analysis of the survey has been made and a discussion in relation to it and the reflection on research methodology has been provided. 

 

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