Talent Strategies for Attracting and Retaining Employees

Managing a successful
business project

Table of Contents
TITLE: What talent strategies do the best companies use to attract and retain people? ................3
INTRODUCTION...........................................................................................................................3
Research aim:..............................................................................................................................3
Research objectives:....................................................................................................................3
Research question:......................................................................................................................3
Step 1: PROJECT PLANNING.......................................................................................................4
Project management plan............................................................................................................4
Work-breakdown-structure.........................................................................................................5
Gantt chart...................................................................................................................................6
Step 2: Primary and secondary research..........................................................................................8
Concept and significance of talent-management in context of improving employee retention
and motivation...........................................................................................................................10
Talent strategies used by Marks and Spencer in retaining and attracting employees of
organisation...............................................................................................................................10
Challenges faced by Marks and Spencer while attracting and retaining talent at workplace . .11
Talent-management initiatives adopted by other organisation in acquiring and retaining talent
at workplace..............................................................................................................................11
Step 3: Present findings.................................................................................................................12
Step 4: Reflective practice.............................................................................................................19
Performance Review.................................................................................................................19
RECOMMENDATIONS...............................................................................................................20
CONCLUSION..............................................................................................................................21
REFERENCES..............................................................................................................................22

TITLE: What talent strategies do the best companies use to attract and retain
people?
INTRODUCTION
Talent management referred to the procedure of attracting, retaining, developing and
maintaining talent at workplace so that the productivity and profitability is enhanced and
objectives is attained timely (Connor and Crowley-Henry, 2019. In addition to this, organisations
make use of talent management strategies with an objective to retain talented employees so that
efficiency and performance is increased. In the current project, Marks and Spencer is chosen as a
base company. It is a British multinational retailer that specialise in offering clothing, home
products and many more. This report will cover project aim, objectives & time frames with
project management plan. In addition to this, there is discussion about data collection methods
used for conducting research. In the last, performance review is given on the basis of overall
learning and experience.
Research aim:
“ To analyse the impact of talent management strategies in increasing productivity and
profitability of employees” A case study of Marks and Spencer.
Research objectives:
 To identify concept and significance of talent-management in context of improving
employee retention and motivation.
 To explore talent strategies used by Marks and Spencer in retaining and attracting
employees of organisation.
 To determine challenges faced by Marks and Spencer while attracting and retaining talent
at workplace.
 To analyse talent-management initiatives adopted by other organisation in acquiring and
retaining talent at workplace.
Research question:
 What is the concept and significance of talent-management?

 What are the talent strategies used by Marks and Spencer in retaining and attracting
employees of organisation?
 What are the key challenges faced by Marks and Spencer while attracting and retaining
talent at workplace?
Step 1: PROJECT PLANNING
Project management plan
It is defined as a formal document which show how a particular project is carried out. In
addition to this, it outlines timeline, scope, deliverables and budget of a project and is also
important in order make a project on track (Queirós, 2017). The project management plan of
current project is given below:
Cost- It is defined as the value in context of money required in order to implement as
well as complete all activities associated to investigation in an effective manner. The cost
structure for conducting research on talent-management strategies is given below:
Items Amount
Laptop 300
Internet 175
Stationery 120
TOTAL 595
Time: It is an effective element in planning of research that assist in gaining knowledge
about time needed for executing and completing the overall process of research. The present
project requires around 9 weeks for the completion and to achieve objectives of project.
Quality: This factor reflects about quality of information used in order to conduct
research. It is important for researcher to make use of proper evidences in order to maintain
quality in project and to attain reliable results.
Communication: This factor in project planning shows the tools which will be used in
order to communicate data and information gathered by investigator by conducting activities. In
context to this, non-verbal and verbal methods of communication will be adopted by researcher

that is E-mail and direct communication in order to take respond of questionnaire (Holguín,
2018). The data collected by questionnaire were particular about talent-management strategies
used by company and how it assist in raising productivity and performance of employees.
Scope: The scope of the present investigation is wide as it an effective component that
enable researcher to deal with barriers and achieve objectives timely. In addition to this, the
investigation will enable investigator to be more effective and critical in future & to render
proper knowledge about what companies do for attracting as well as retaining talent at workplace
(Rödel, 2018). Moreover, it also help researcher in gaining insight about issues faced by
organisation while managing employees in an effective and proper manner.
Resources: It is referred as the resources or asset needed for completing the research in a
systematic and timely manner. These are laptop, internet, books and so on. The cost table is
given below:
Laptop- 300
Internet- 175
Stationery- 120
Work-breakdown-structure
It is considered as an effective project management tool which is used for categorising
the overall activities and task of investigation related to completion of project timely and
effectively. In addition to this, it assist in making project manageable due to which activities is
carried out in a systematic and easy manner. Moreover, work break down structure is developed
in a way that scope of project is understandable. It is basically in a hierarchical manner that assist
in completion of assignment in best and effective manner.

Gantt chart
It is a tool that help researcher in scheduling and planning project of all sizes in an
effective manner. In addition to this, it assist researcher to assess how long a project take,
resources required and the way in which task is completed (Wilson, 2017). This chart represent
the activities with starting and ending date that help in completion of activities effectively and
attainment of objectives as well. It is analysed that Gantt chart also assist in developing relation
and dependency among different activities & take progress of project on right direct and path as
well.