Talent Strategies for Attracting and Retaining Employees - A Case Study on Marks and Spencer

Managing a Successful
Business Project
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Contents
Title: ‘What talent strategies do the best companies use to attract and retain people”- A Case
study on Marks and Spencer............................................................................................................3
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Aims and objectives of the research............................................................................................3
A project management plan.........................................................................................................5
Produce work breakdown structure and Gantt chart....................................................................7
Small scale research...................................................................................................................13
Present findings and data...........................................................................................................15
Discussions................................................................................................................................22
Communicate appropriate recommendation..............................................................................22
Reflect value of undertaking project..........................................................................................23
CONCLUSION..............................................................................................................................25
REFERENCES..............................................................................................................................26
APPENDICES...............................................................................................................................29
Log-book....................................................................................................................................29
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Title: ‘What talent strategies do the best companies use to attract
and retain people”- A Case study on Marks and Spencer
INTRODUCTION
Business environment are contingent in nature which affects the sustainability of
organisations operated at large scale. Thus, to maintain long term sustainability it is important for
management to carry out a project which makes their organisation strong and more competitive
in market. In the context of this, employees are considered as a valuable asset whose contribution
decides whether organisation can achieve its desired goals and objectives or not. Thus,
organisations need to take initiatives to attract new skilled candidates and retain experiences
employees so that maximum output can be received towards achievement of organisational goals
and objectives (Berger, 2020). The current project report is based on “Marks and Spencer’
which is presently engaged in providing wide range of products at global market. The company
was established in 1884 and founded by Michael Marks and Thomas Spencer and having
headquartered in London, UK. It includes clothing, accessories, food products etc. The report
discusses the aims and objectives of research carrying out by researcher for its client i.e. M&S.
The report also briefly explains methods of research and other aspects required in carrying out an
effective research.
MAIN BODY
Aims and objectives of the research
Overview of the Research: In the context of Marks and Spencer, the management need
to identify the relevancy of recruiting new candidates and retaining experienced employees for
which their management hire a researcher who conduct research for them. As M&S is
multinational organisation which has attained strong market position at global level with the help
of their skilled workforce (Burns, 2016). Thus, it is important for the management to make an
effective decision for the betterment of its employees as well as an organisation which can be
possible only when their appointed carrying out an effective research and draw a justifiable
conclusion at the end.
The aim of research : aim of current research is Title: To explore talent strategies and
their importance in attracting and retaining of people. A Case study on Marks and Spencer
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Objectives of the research: The objectives of the research are:
 To analyse the basic understanding about talent-management and its strategies.
 To identify the talent strategies that are essential within an organization.
 To determine the ways for attracting and retaining of employees at workplace.
 To examine the relationship between the talent strategies and attraction and retaining of
employees.
 To measure different benefits that is achieved through talent-management within Marks
and Spencer. To determine the impact of talent-management in Marks and Spencer in relation to reten-
tion and attraction of workforce.
Research Questions:
 To analyze the basic understanding about talent-management and its strategies.
 To identify the talent strategies that are essential within an organization.
 To determine the ways for attracting and retaining of employees at workplace.
 To examine the relationship between the talent strategies and attraction and retaining of
employees.
 To measure different benefits that is achieved through talent-management within Marks
and Spencer.
 To determine the impact of talent-management in Marks and Spencer in relation to reten-
tion and attraction of workforce.
The research rationale is to produce better information about talent-management under
which ability to retain and attract skilled and talented employees is achieved in satisfactory man-
ner. The research significance is dependent over the importance that is processed as per conduc-
tion of research and in this better knowledge about talent-management is addressed through
which modest outcome is achieved from which employee attractiveness and retention is managed
in controlled mode.
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A project management plan
A project management plan is a formalised document that consist of different objectives
and target that company wants to achieved within the specific period of time. In this productive
amount of changes is addressed by which ability to control and manager various functions and
operations of business is getting managed systematically. It also get promote efficient learning
and development and it is carried out with support of budget, finance, timeline, deliverables,
goals, scope and objective is carried out to manage and control that project is processed at right
track (Krishnan and Scullion, 2017). In support of this document sufficient collaboration of
several aspect such as communication and processing is undertake in timely constraint. It is used
by researcher to develop effectual understanding about adequate pathway that is followed to
complete the research in systematic format. It provide appropriate clarity so that ability to reduce
rate of redundancy is also get managed and controlled within timely constraint. It basically
consist of different task and activities that is required to be followed so that detailed analysis is
processed about the progression of research and it is as furthermore explained below as:
 Cost: It is a component that is used to make better estimation about the cost that is
associated with the completion of research. It is actually get offered by the business to
researcher and consist cost of travelling, legal compliances, research tool and technique,
equipment and miscellaneous (Rasul, 2018). It actually provide adequate pathway from
which it is easy researcher to divide overall task and time and it is completely dependent
on completion rate.
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 Time: It is an aspect that consist of different norm under which researcher get adequate
time period to complete certain task of a research so that productive outcome is
developed in timely basis. It usually consist of particular time period through which
ability to pertain persistent goals in timely basis is achieved with perfection. It promote
certain period of time under which ability to make profitable outcome is increases and
rate of suitable outcome also get enhanced (Möller and Halinen, 2017). For this research,
researcher need a time period of about 3 week within which all the task is segmented and
efficient outcome is conceived that is completely from any of risk. Scope: It is an ability of a researcher that defines that its research is either favourable for
the growth of business or not. In this long term sustainability is achieved by developing
higher effectiveness. For this various set of strategies and policies are induced by
researcher so that achievement of standardised objectives and target is perceived with
adequateness. It also get promote higher working standards in which all the resources is
effectively utilised. It also ensure that balanced deliverables is processed so that
productive amount of changes is addressed over regular basis. Quality: It is an essential prospect under which ability of a researcher to provide
favourable outcome is developed with balanced management (Stewart and Brown,
2019). In this suitable set of actions is taken by researcher so that productive rate of
outcome is generated. For this researcher collect and gathered different set of information
and statistics and make appropriate judgements so that sufficient utilisation and
interpretation of goals is pertained with perfection. Communication: It is a suitable mode under which information is transferred and
collected in form of better clarity and transparency (Mousa and Ayoubi, 2019). It is used
to promote working standards as if clear information is transmitted then ability of
researcher and other respondent is increases. It processed with support of suitable
transmission of goals and objective that promote balanced level of transparency. In this
authenticity is managed and for this researcher make adequate usage of internet services,
computer, face to face interaction and many other form as well. Risk: It is an aspect that define risk factor and in this rate of redundancy is reduced either
removed by researcher in clear manner. For this profitability and productiveness of
research is processed without measuring any loop holes. Thus researcher make suitable
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utilisation of different tools and techniques such as Gantt chart and work breakdown
structure that assist to segment overall task in slots so that productiveness of research is
enhanced.
 Resources: It is a basis under which researcher make adequate usage of various resources
that is required to manage various prospect of research (Pandita and Ray, 2018). In this
favourable outcome is collected by researcher as with the effective usage of printers,
equipments, tools and techniques, mobile phone, human resource etc. It is used to
develop satisfactorily outcome under which profitable outcome is developed that is
suitable for research completion.
Produce work breakdown structure and Gantt chart
Gantt chart: It is commonly used in project management as it is devised by Karol
Adamicecki, in the mid 1890s. It is an effective tool under which different activities get analysed
under which overall working standards of business get analysed in perfect manner. In this
researcher get better support as ability to understand and segment overall activity is enhanced
over continuous period of time (De Sousa Sabbagha, Ledimo and Martins, 2018). This is more
commonly used for tracking project schedule and used by researcher to make sure that suitable
decision making is processed as by removing complexity in ordinate manner.
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