Understanding and Analyzing Talent Management Strategies for Retaining Employees

Managing a Successful Business
Project

Contents
TITLE..............................................................................................................................................3
INTRODUCTION...........................................................................................................................3
LO 1.................................................................................................................................................3
Aim and objective of organisation.........................................................................................3
Project management plan including cost, time, quality and risk............................................4
Gantt chart and WBS explanation..........................................................................................7
LO 2.................................................................................................................................................8
Qualitative and quantitative approach to attain organisational goals and objectives.............8
LO3................................................................................................................................................10
Data analysis and with use of appropriate tools...................................................................10
RECOMMENDATION........................................................................................................16
LO 4...............................................................................................................................................17
Reflection.............................................................................................................................17
CONCLUSION..............................................................................................................................18
REFERENCES..............................................................................................................................19

TITLE
“To understand and analyse strategy related with talent management for attracting and
retaining employee’s for longer period.”
INTRODUCTION
The term talent management is explicated as a process through an organisation
formulates or developed policy to retain talented individuals by generating positive environment
at workplace. Leaders, manager and HR department of an organisation are responsible at all level
and departments for retaining talent within the organisation. Talent management strategies are
developed according to the structure of business and needs. Training and development, staff
retention and motivation are some key perspective and it aids differentiate an organisation from
another to accomplish success in minimum time-period. Talented individuals perform all task
with efficiency so it is the responsibility for authorities to attract and retain potential workplace
with implement of revised strategy related with workforce. This report is written from
perspective of Rowlinson Knitwear it is a cloth manufacturing organisation (Al-Bayati and et. al.,
2017). From recent period, demand of clothes is increasing but internal environment is worried
because of high turnover of workforce. Therefore, report highlights on aims and objectives and
project management plan for retaining talented workforce within business. In the last, small scale
research will also gathered to collect and gather data related with talent strategies.
LO 1
Aim and objective of organisation
The success pillar of a business or organisation is monetary, capital, investment and strategy
that are engaged in operations and functions of Rowlinson Knitwaer. According to current
situation such as after globalisation it is identified by management different organisation perform
same work with same resources. But human resources are an effective asset that is not similar for
all types of organisation (D'Netto and et. al., 2014). Therefore, it is mandatory for management
of Rowlinson Knitwear to manage and control workforce with implement of effective talent
management strategy. There are different task performed by business so with right talent strategy
it is easy for engaged workers to enhance motivation for performing their work in an organised
manner.

Project- The term project refers to action, work and activities that are performed for
completing a task. Goals and objectives of an organisation are accomplished through completion
of specific project. There are various activities performed and it is used in completion of all
activities within stipulated time period. Moreover, with design of an effective project Rowlinson
Knitwear complete their work with minimum use of resources by completing organisation task
and activities in an organised manner.
Project management- With the term of project management it is understand that all
methods, procedure, skill and knowledge that are performed by organisation are considered as
completion of project by managing and relating all activities with each other (Mathews, 2015).
Along with project management is used to deliver and manage all action as per decided
parameter and benchmark.
AIM
“To determine and understand talent management strategies for retaining potential and
capable workforce for a longer period.” A study report on Rowlinson Knitwear.
Objectives
 To understand all aspects which is used to manage and motivate workforce to engage in
operations and functions of Rowlinson Knitwear.
 For examining all perspective that is used in managing and completing task for generating
the workforce in Rowlinson Knitwear.
 To analyse advantage for reducing demotivation from the workplace to obtain better
results.
Project management plan including cost, time, quality and risk
The term project is defined as a document which is used to undertake all detail and
information for managing each phase of project in an appropriate manner. Planning, controlling,
monitoring and executing are some of the main components of project management plan which is
used to accomplish objective and goals of organisation in an organised manner. Moreover,
project plays an important role to achieve competitive–edge through managing projects in an
appropriate manner (Meyer, Morrison and Zuniga, 2017). Different benefits that relates with
project management plan are mention as follow:
 This is used to complete all work according to decided time to start initial and end point
of research.

 To arrange all resources related with business and it is used by management in
completion of task with efficiency.
 The probability for accomplish of specific outcome is increased by arranging plan
activities of plan as per decided objectives.
Formulation of project management plan of that include scope, resources, quality, time and
structure is discussed as below:
 Structure- In context of the research related with talent management it is analysed by
investigator that decided steps accomplish of project management plan aids to increase in
enhancing overall efficiency of employees by managing workforce of organisation.
Training and development is first of organisation structure and strategies that is used to
retaining skilled and capable workforce (Okçu, 2014). Moreover, positive perspectives
are identified in managing role related with project such as role of team members on as
per their goals.
 Scope- The potential feature related with term scope and this includes individuals for
completion of task according to project management plan. The use of this research relates
with completion of managing and retaining talents for longer period. This also determines
that research helps in understand of all those areas through which investigator is able to
complete task to retain talent individuals. So it improves work perspective of individuals
within accurate manner.
 Communication-In request to accomplish want results it is fundamental for specialist to
improve correspondence framework. It administers that by receiving appropriate
correspondence all colleagues are proficient to move fundamental and significant data
that drives specialist for finishing the venture as indicated by the cut-off time (Phillips
and et. al., 2016). This likewise alludes all errand are planned in a suitable way by
speaking with people appropriately. In addition, it additionally offers equivalent occasion
to all colleagues to settle on better choices. Messages, graph, websites, composed
archives and so forth are significant assets which help in creating correspondence
framework among analyst and colleagues.
 Resources-For finishing the examination there are various assets is needed by analyst
that incorporates money, books, human resources, magazine and diaries. This all are
utilized by the analyst for gathering fundamental data related with human resources.

Further, some different assets like, portable, web, PC framework are likewise needed by
the researcher and team members for consummation of report suitably that speak to
significant data from research.
 Cost-In request to complete research with an appropriate manner it is compulsory to
divide the necessary cost which is utilized by researcher for finishing their work
appropriately. With a decided budget this is easy for investigator to manage and complete
research in an appropriate manner by managing cost for business. This additionally
alludes analyst mastermind adequate assets to finish research in a proper way (Phillips
and et. al., 2016). The assessed cost for this examination venture is about £300 which is
utilized for transport, correspondence and acquisition of fundamental exploration assets to
manage research in an organised manner.
 Time-For producing extreme rivalry specialist is engaged to finish research in least time
span. The estimated time period to complete this research is two weeks and it includes
engagement of plan that address about analyses of project report and this is used to
complete research with more efficiency specifically in minimum time-period. The
assessed time-frame for this examination is six to seven weeks, alongside this examiner
additionally concluded benchmark to guarantee that all data is significant and suitable for
association. This additionally characterizes that analyst use quality data and current
methods, for example, use of talent strategy that is more effective for investigator.
 Quality-All the information and data which is used by investigator is accumulated with
essential information strategy. Primary and secondary both methods are used for
collection of organised and appropriate information to complete research in proper
manner. Overview, poll, centre gathering and so forth are a portion of the viable strategies
that are utilized for social occasion right data by connecting with respondents lawfully.
So the nature of data is accumulated in a proper way which characterizes agent use
research work to increase quality outcomes from report. It likewise moves around the
quality that fills in as certain perspective for organization. With utilization of value data it
is likewise simple for the executives to utilize data that drives scientist to increase true
results of talent management data (Syed, 2020). Quality control diagram additionally
function as a successful device for keeping up the nature of task that assists with
upgrading research quality.