Talent Management and Organizational Performance

Managing a
Successful Business
Project

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1. Devising aims and objectives of project of selected scenario...............................................3
P2 Produce a project management plan that covers aspects of cost, scope, time, quality and
resource........................................................................................................................................6
P3 A work breakdown structure and use of Gantt chart to providing time frames.....................7
TASK 2..........................................................................................................................................10
P4 Carrying small scale research applying primary and secondary methods ...........................10
TASK 3..........................................................................................................................................13
P5: Present findings and data using appropriate tools and techniques......................................13
TASK 4..........................................................................................................................................21
P6. Communicating appropriate recommendations as result of findings and data analysis valid
and meaning conclusion.............................................................................................................21
P7. Reflecting on values of undertaking the project to meet states objectives and own learning
as well as performance...............................................................................................................22
CONCLUSION..............................................................................................................................22
APPENDICES 2............................................................................................................................25
Performance Review Template..................................................................................................27

INTRODUCTION
All organization requires qualified and skilled employees who can understand their goals
and perform their roles and responsibilities clearly. This is important for each industry to focus
on have skilled and talented people that can accept the challenges and work effectively. Talent is
said to the ability of a person to perform particular activity or function in order to make
perfection. It can be inborn, develop, and learn with the time which can help to develop the
business performance and productivity (Vaiman and et.al., 2018). Talent management explained
as an activity in which industry attracts, retain, and manage the workforce for accomplishing the
goals and objectives. If there is no management of staff then it will be difficult for organisation
to complete the task timely and manage the good performance.
To understand about this Sainsbury has taken that is large size supermarket providing
range of products and services at retail prices with the help to talent management. This is the
largest chain of supermarket in UK that founded in 1869, by John James Sainsbury with a shop
in Dury Lane. The management of such organisation focuses on talent management and
managing the employees. The present report covers aims, objectives, and time frames, small
scale research by gathering information and data collection, communication and
recommendation. Moreover, it involves reflection on value gained from conducting the project.
TASK 1
P1. Devising aims and objectives of project of selected scenario
Overview- The topic is all about talent management which means to arranging and
managing the employees at the workplace which can help to increase the organisational
performance. In an industry different types of people are residing where culture and working
method is different that might be hampered the business activities. This is important for
management to understand the task and allocate the work between employees according to their
abilities and skills which helps to increase business productivity (Anlesinya and Amponsah-
Tawiah,m 2020).
Aims and objectives
Project topic
“To study of talent management and its impacts on organizational performance”.
Project aim

“A study of talent management and its impacts on organizational performance”.
Research objectives
 To identify the basic knowledge and concept of talent management in the organization.
 To identify the challenges faced by Sainsbury due to talent management.
 To determine the strategies which used by Sainsbury to retaining and managing
employees?
Research questions
 What is the conceptual framework of talent management at the workplace?
 What are the main challenges faced by Sainsbury due to talent management?
 What are the strategies that used by Sainsbury for the purpose of retaining and managing
employees?
Project Rationale
The main object of this project is to know the importance of talent management and how
it impacts on organizational performance. This project will help to increase the understanding
regarding managing human being at the workplace and developing the business performance by
placing skilled people at right place.
Literature Review
The conceptual framework of talent management at the workplace
According to Ambrosius (2018), talent management is the regular process of attracting
and retaining the high quality of staff who works in organization and accomplishing the task
properly. As employees are the assets of organization who understand the goals and give their
contribution in activities which can help to develop the business performance. Talent
management is the activity of recruiting and selecting the talented people who performs their
roles and responsibilities clearly by managing all functions effectively. This is important aspects
for each industry as it brings the changes in strategies and improve the business activities. In
industries nothing more crucial than placing right employees at the right position. In relation to
Sainsbury, talent management is important as management is playing the vital role to recruit and
select the right person in the organization who manages the all function of producing, selling,
marketing, financing, accounting, and others that can help to increase the complete the decided
goals and managing the good performance. If there is no talented people then difficulties may
arises in managing the business activities.

The main challenges faced by Sainsbury due to talent management
As per view point of Thomas (2020), talent management use by management for
recognising individual's inherent skills, personality, traits, and ability that matches with job and
developing the business performance. It is obvious that every person has unique talent that suits a
particular job profile and position at which they are performing. This productivity and
profitability of organization might be hampered due to talent management as poor hiring
strategies, and ineffective leadership that creates the problem in operation and running the
business properly. Sainsbury is large size supermarket that faced the problem of low productivity
and performance due to talent management. This organization is facing currently challenges of
retaining high performers, aligning of current and future talent needs, improving organizational
profitability, and increasing employees turnover. The management of selected company is not
able to retain highly skilled employees because employees feels demotivation and workload
which create the problem of keeping staff for long period. The another challenge is integration
between current and future needs as employees are unable to understand what they needs to do
and they works with traditional method that affected the productivity.
As per view point of Gupta (2019), The employees turnover rates is increasing day day
day in Sainsbury as employees feels dissatisfaction, low morale, negative behaviour and
absenteeism due to talent management. For each organization it is important to focus on
employee's needs and motivation then make efforts to provide them which can help to develop
the business performance and productivity efficiently.
The strategies that used by Sainsbury for the purpose of retaining and managing employees
According to Hughes (2018), managing and retaining employees is critical task for
organization as it compete for talent in a tight economy . This means employees are main
part of business industry who analysis the functions and give their contribution to manage the all
functions and activities. If there is proper alignment and connection between employer and
employees then it will be opportunity to develop the business performance. In relation to
Sainsbury, management is required to follow different strategies such as recognising retention,
start with recruiting, providing ongoing education, offer right benefits, motivating the employees
and using leverage technology that can help to arrange the all functions and activities. The
management should be identify the vacancy and fill them by placing the talented people at right
place. The management should know the needs and problems of employees which are pertaining

in organization and must provide the compensation and benefits that can help to motivate them
and supports to manage and retain the employees at the workplace. This helps to increase the
organizational productivity and profitability by managing staff and completing task properly.
P2 Produce a project management plan that covers aspects of cost, scope, time, quality and
resource
A project management plan is defined as main aspect of any project which are mainly
used to operate the all functions and activities. This is important for all organisation to have
specific plan or strategies which can be used to complete the project timely by managing all
functions. In relation to current project of talent management there is need to focus on various
aspects such as:
Cost of the project: The current research is small scale that is conduced by using cost
efficient manner. It is important for researcher to focus on project and analysis the cost which
arises while doing the project. The cost is defined below:
Activities Estimated costs
Project management fees £200
Analysing the specific participants for survey £250
Conducting interview and selecting best talent £300
Assessment of information and data £100
Using the instrument for survey £200
Transportation cost £400
Miscellaneous £100
Total £1550
Scope of the study: The scope of project is contacted by management of organization
who contributes in organizational activities and performance. The research in this study, tries to
understand the concept of talent management and its important at the workplace which helps to
increase the organizational performance. By focusing on particular topic researcher will enhance
own skills and abilities to study on more topics (Latukha and Veselova, 2019).
Time of project: This means a fixed period or time which is required to complete the
particular task or project. It is important for project manager to understand the goals and make
efforts to complete the project timely. In relation to current project of managing and retaining

employees will be complete within 7 weeks that will help to develop the organizational
productivity.
Quality: To perform any project or task quality is major aspect which needs to take care
the project specifically. The activities and functions should be completed within quality standard
which can be maintain by conducting research. With reference to current project qualitative
research will be use by researcher as it helps to collect reliable and relevant information time to
time.
Communication: For completing and managing any project there is need to have proper
communication and planning which can help to reduce the barriers or risk in relation to project.
The staff members and employers who indulge in current project being use open and effective
communication by using emails, meeting, messages and text that helps to accomplish the project
timely (Latukha, 2018).
Risk: While doing any task or project there is chance of risk which arises during the
working. This is important for project management to analysis the risk and get a proper solution
which helps to develop the activities. In relation to current project, financial risk, managing
human resource risk, and time management risk might be arise that affects the productivity
negatively.
Resources: To complete the study different resources such as books, journal, technology
system, internet and others are use to manage the all functions.
P3 A work breakdown structure and use of Gantt chart to providing time frames
Work breakdown structure: This refers as a chart which uses in managing project and
engineering system for the purpose of completing project. As many task arises in the
organization that needs to be accomplish timely by allocating the work between employees. A
WBS is a deliverable oriented hierarchical decomposition of the work that can be execute by
project team in order to accomplish the project (Maurya, and Agarwal, 2018). All the work is
required to be identify, estimated, scheduled and budgeted which can help to manage the all
functions and activities. A work break down structure is used by project management to allocate
the longer task in to small task so that it can be done properly. Such as management of Sainsbury
using WBS to divide the work in relation to talent management in to several task which supports
to compete the project timely. The WBS of Sainsbury is described below:

Gantt Chart: A Gantt chart is a diagram that shows the schedule or time period in which
different types of activities and functions can be arrange rightly. This states beginning date of
work to ending date that supports to complete the project properly. The project management of
Sainsbury improve the team work by managing software radically and handling the risk.