Strategies for Talent Retention in Sainsbury's

Managing Successful Business
Project

Table of Contents
Introduction................................................................................................................................3
Aims and objectives of research................................................................................................3
Literature review........................................................................................................................4
To understand the meaning and concept of talent management............................................4
To study different strategies used by organisation in order to retain talent...........................4
To analyse different challenges that are faced by organisations while using strategies to
retain.......................................................................................................................................5
Project management plan...........................................................................................................5
Research methodology:..............................................................................................................8
Recommendations......................................................................................................................8
Reflection...................................................................................................................................8
Conclusion..................................................................................................................................8
References..................................................................................................................................9

Title: “To identify strategies that is helping organisations to attract and retain talent in the
business.” A case study on Sainsbury‘s
Introduction
Talent management is referred as a process which is helping organisation to retain
employees in a business for a longer period of time. It is a great way to help organisations to
achieve all their objectives along with increasing their productivity and profits in business.
There are a number of processes that are used by organisations on a continuous basis that
allows them to make sure that they are attracting skilled and experiences employees in the
organisation and retaining them for a longer period of time so that they can bring benefits for
the business (Rahimiaghdam, 2018). This is a great way that helps in bringing creativity and
innovation in the organisation as well. Employees should be provided with compensation and
encouragement that will also increase employee’s engagement within the business. In the
following research a retail organisation Sainsbury’s is taken into consideration. The
organisation was established in 1869 and John James was founder of this huge retail chain.
The organisation is successfully set up worldwide with more than 1400 stores in different
countries. There are various talent management approaches that are used by organisation to
retain employees for a longer period of time.
Aims and objectives of research
Research aim
“To identify strategies that is helping organisations to attract and retain talent in the
business.” A case study on Sainsbury‘s
Research objectives
To understand the meaning of talent management and its concept
To study different strategies used by organisation in order to retain talent
To analyse different challenges that are faced by organisations while using strategies to retain
talent in the workplace
Research questions
 What is the meaning and concept of the talent management?
 What are different strategies used by organisation in order to retain talent?
 What are different challenges that are faced by organisations while using strategies to
retain talent at workplace?

Literature review
To understand the meaning and concept of talent management
According to Maurya and Agarwal (2018), talent management is a systematic process
with the help of which organisation is making sure to reduce their employees turnover and
retain the employees in the organisation for a longer period of time. In order to do so the
recruitment process of organisation is to be systemised so that only skilled employees who
can fulfil the required duties of vacant positions are employed in the organisation. Employs in
the organisation are bringing various benefits to the business by conducting all the activities
and goals. It is necessary to retain talented employees so that the productivity of organisation
can be increased and all the objectives of the organisation can be fulfilled successfully. The
talent management of employees also helps in achieving satisfaction within the customers as
talented employees will successfully satisfy all the customers of the organisation. It is
necessary to implement functional talent management strategy in the organisation with the
help of with the managers can take care of all the employees and align the individual
employee goals to the overall organisational goals. It is also required by organisation to make
sure that whatever weekend positions in the organisation at present or field with skilled and
experienced employee who can help the organisation in its further growth. In order to do this
various promotional strategies and recruitment strategies are used by the managers in the
organisation. If the present workforce of organisation is encouraged and satisfied they can
successfully act more productively and attract talent towards the organisation successfully.
To study different strategies used by organisation in order to retain talent
According to Olufemi, Afegbua and Etim, (2020), talent management refers to an
important factor in the organisation that can help an organisation to reduce employee’s
turnover rate and also enhance encouragement and satisfaction within the employs. There are
a number of ways through which organisation or making sure that you employs can be
retained in the organisation. In order to do so they are providing employees with a number of
different motivations. This can be monetary or non-monetary benefits for the employees.
Monitory benefits include bonus and rewards for the employees whereas non-monitory
benefits refer to appraisals and promotions. Along with this there are also a number of
training and development programs through which employees can be retained in employees.
This was successfully help the employees to understand that they can develop personally and
professionally while working in the organisation and it will help the organisation to retain