Talent Strategies for Attracting and Retaining Employees

This document discusses the talent strategies used by top companies, with a focus on Barclays. It explores the importance of talent management, the strategies used by Barclays to retain employees, and the challenges faced in implementation. The document includes a project plan, Gantt chart, WBS, small-scale research, literature review, and data analysis.

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
Aim..................................................................................................................................................3
Objectives........................................................................................................................................3
Questions .........................................................................................................................................3
Project plan .....................................................................................................................................4
Gantt chart .......................................................................................................................................5
WBS ................................................................................................................................................7
Small scale research ........................................................................................................................8
Literature review..............................................................................................................................8
Data analysis....................................................................................................................................9
Interpretation .................................................................................................................................10
Recommendation ..........................................................................................................................17
Conclusion.....................................................................................................................................18
Performance review ......................................................................................................................19
REFERENCES..............................................................................................................................21
Appendix .......................................................................................................................................22

Title : What talent strategies do the best companies use to attract and retain
people?
INTRODUCTION
Talent management is the refers to the continuous process which is being used by the
organisation in order to attract and retain a talented employees at the workplace. Talent
management strategies helps the organisation and employees in retaining, increasing productivity
and boosting their performance at workplace. Moreover, it is discussed as the strategy used by
company to encourage them and staying for long period of time (Li Qi and Jia Qi, 2021). The
main objectives of talent management is to encourage an employees towards the achievement of
goals and objectives. There can be various challenges faced by employers ate the time of
implementing talent management strategies, but they have to keep them in mind. The
organisation taken in this report is Barclays. It is a universal bank which is operating in London.
It was founded in the year 1690 and dealing in products like retail banking, commercial, private
and investment banking etc. there are about 84000 employees working currently in the
organisation. This report includes talent management strategies used in Barclays to enhance their
employees and research aims and objective and research methods and data analysis.
Aim
“To analyse the importance of various talent management strategies, do the best
companies to attract and retain employees of long run.” A case study on Barclays.
Objectives
 To determine the meaning and importance of managing a talented employees in the
organisation.
 To analyse the various strategies being used in the Barclays to retain their talented
employees at workplace.
 To examine the challenges could be faced by employers at the time of implementing
talent management strategies at the workplace.
Questions
 What is the meaning and importance of managing a talented employees in the
organisation?

 What is the various strategies being used in the Barclays to retain their talented
employees at workplace?
 What is the challenges could be faced by employers at the time of implementing talent
management strategies at the workplace?
Project plan
A project management plan could be referred as vital plan for an organisation to attain
the objectives, goals and purpose of a project. It facilitates in the process of developing proper
management in the organisation so that assigned activities and tasks could be performed properly
(Cano Serrano, 2021). A well-organized plan determines the success of the project. The type of
document being developed to configure a project in a particular way (Peñaloza, 2020). It consists
of various stages of start-up, monitoring, planning and control. Some factors that are considered
in a project management plan are mentioned below.
Project aim: “To analyse the importance of various talent management strategies, do the
best companies to attract and retain employees of long run. A case study on Barclays.”
 Cost: With the purpose of conducting research, sufficient amount of funds are needed so
that multiple activities could be performed accordingly and properly. Costs are directly
connected to researchers to effectively attain reports of project, goals of project and
objectives as the very first element of plan of project management. In the report provided,
investigators are required to spend to an amount of about £550 in the starting level of
collecting information through primary sources. Meanwhile, researchers would spend £
200 on gathering data for secondary research. Therefore, with the motive of carrying out
the current research it is significant to identify the whole budget plan.
 Scope: The scope of the current report is formative related to particular concepts in
relation to the present research in terms of function, delivery and mission (Dachner, and
et.al., 2021). Here, the project plan targets at a process of talent management that
facilitates Barclays to hire the best employees in the organisation for a long time
duration. This assists the company to select the best employee so that business turnover
could be decreased.
 Time: In this report, the researcher would identify how long it would take to achieve the
project plan. Therefore, WPS and Gantt chart are considered for maintaining a schedule.

Investigators require proper schedule of time period for completing the current project. It
would take about 13 weeks for completing the current research project.
 Quality: Quality maintained by researchers so that accurate results can be specified. The
primary research, collected through literature reviews and book journals, is conducted
through a survey of 25 respondents from Barclays companies by filling the survey forms.
 Communication: In order to do this research, Proper communication is required so that
all task can be performed properly. Both verbal and written communication are used to
collect data and information. This research communicates in writing through a review of
the literature, allowing employees to collect real information (Meredith, 2020).
 Risk: Risks are identified for all kind of projects. It is the main part for completing the
project. This is related with resources of finance, lack of interest from people, and lack of
accurate, authentic and reliable information. These risks can be associated with this
research report, so investigators should keep these risks in mind.
 Resources: The resources used in this report are paper, pen, responses and time. These
are the few resources which are used for the implementation of this research plan and the
completion of the project plan and the achievement of the aim and objectives of the
research. Without the helps of the resource objectives of the research cannot be achieved
properly.
Gantt chart
Gantt chart is define as the term that will related to the organisation device that will aid in
creating an efficient arrangement and programming of the analysis report by consuming all
scopes. It will get related with the key term of an organisational timeline and duty that are
associated with the various sections of the task. As these are linked with the development
opportunity and variations that will sustained for the achievement and accomplishment of targets
in the business of management (Young Illies and Stachowski, 2020). Gantt chart mark the
manner and utilise the figures, bar charts, tables and images by which it might implement the
task and sizes like systematising, implementing and guiding of the actions that are being
achieved by the researcher.

WBS
WBS is define as the arrangement that supports the researcher in effecting of the task. It
is a structure that aids the business of management in allocating several actions in several
practices. Hence, it might be related as per to the program or agenda. It also supports the
management in dealing with regular term of the projects and tasks that will suitably achieve
while conducting the research (Cerezo-Narváez and et. al., 2020). On the other side, it will also
supports the manner in concluding the task or project on fixed duration as per to the definite
timetable. It also involves the value, risk and capitals that might utilised by the researcher to
gather figures and data related to the specific subject.

Small scale research
Research methodology includes the various approaches and devices that could be used by
the investigator for gathering the facts and figures in relation to the particular subject. By
utilising such plan of actions the investigator would able to gather an appropriate and consistent
data, materials and facts. They may include are –
Primary method – Primary method is generally utilised in this investigation report to gather
statistics and evidence by the manner of the statistical reviews that will collect by the tables and
diagrams and facts or figures as effectively and efficiently (Hughey, 2020). It will also help the
researcher in gathering relevant and appropriate manner of the information.
Secondary method – Secondary data is gather by the manner of the literature review that
are by books and journals and it will evaluate the manner of the data from other writers. It is a
low expensive as comparison with the primary technique. Hence, it might generally use by the
researcher as effectively (Zawacki-Richter and et. al., 2020).
Qualitative research – Qualitative research is gather by accounts and journals. Also,
investigators collecting information by various authors to develop the manner of the complexity
of information of talent administration plan of actions as effectively (Babii, 2020).
Quantitative research – Quantitative research is the statistical investigation that are gather
by tables and charts (Willmott, 2020). As it will gathered by the researcher by survey in this
investigation on the defendants that will be staff faculty of the Barclays.
Sampling – Sampling is termed as the technique of choosing the section from enormous
field of people. In this task report sample size that are consider is 30 individuals from the
company.
Literature review
According to Masri and Abubakr (2019), Talent management is playing most important
role in development of an individual efficiency. It consist of various importance in an
organisation. As it helps in enhancing employees productivity and motivation by providing them
rewards and growth opportunities and appreciation on timely basis . This helps them in feeling
more valued in the organisation. There are various talent management strategies used in Barclays
bank such as involving employees in decision making process, providing growth opportunities,
training and development programmes and performance management programmes. These all

helps in development of an individual and also increasing their and organisation productivity.
But on the other hand, the managers have to face certain challenges while implementing these
strategies. Challenges like lack of leaderships and communication and increasing in employees
turnover. As these challenges could be consider in mind and mangers should have to develop use
these strategies (Altindağ, Çirak and Acar, 2018). These helps in development of an individual
and helps them in retention of an employees for long time.
Data analysis
Questionnaire
Q1. According to you, did you know about the components of talent
management in an organisation.
Frequency
a. talent acquisition and retention 10
b. performance management 15
c. career development 5
Q2. According to you, what can be the benefits which will be gained when
talent management is applied in the company.
Frequency
a. increasing productivity 10
b. employee retention and satisfaction 11
c. developing brand image 9
Q3. Which talent management strategies are being used by Barclays in
order to retain their employees for long time in the organisation?
Frequency
a. providing training and development programmes 5
b. rewards and recognition 15
c. involving employees in decision asking process 10
Q4. According to you, what can be the impact of talent management
strategies on the productivity of the company?
Frequency
a. positive impact 20

b. negative impact 5
c. neutral 5
Q5. Did you think, Barclays managers are providing proper training and
development sessions to the employees working in an organisation?
Frequency
a. yes 20
b. no 7
c. can't say 3
Q6. According to you, what challenges could be faced by employers at the
time of implementing talent management strategies.
Frequency
a. increase in employees turnover ratio 11
b. ineffective leadership 9
c. conflicts raised 10
Q7. What recommendation should be made to the Barclays while
implementing of talent management strategies in the organisation.
Frequency
a. providing timely appreciation to the employees 12
b. increasing training and development programmes in a year 8
c. conducting motivation programmes 10
Interpretation
Theme 1 components of talent management
Q1. According to you, did you know about the components of talent
management in an organisation.
Frequency
a. talent acquisition and retention 10
b. performance management 15
c. career development 5

Interpretation
From the above graph, it can be analysed that this research is conducted between 30
samples from Barclays. From those 30 members, 10 said that talent acquisition and retention is
the components of talent management which is used most. Then another 15 people says
performance management is the component that is used in talent organisation most (Raisch, and
Krakowski, 2021). Another 5 people gone with career development that is used as a component
in the organisation most.
Theme 2 benefits of talent management
Q2. According to you, what can be the benefits which will be gained when
talent management is applied in the company.
Frequency
a. increasing productivity 10
b. employee retention and satisfaction 11
c. developing brand image 9
a. talent acquisition and retention
b. performance management
c. career development
0
2
4
6
8
10
12
14
16
Column B

Interpretation
From the above it can be measured that there are various benefits of talent management.
Out of 30 members, 10 gone with increasing productivity is the benefits which is being gained
when talent management is applied in the company. Then another 11 people gone with
employees retention and satisfaction is the benefits which is gained at the time of implementing
of talent management strategies in organisation. Then next 9 people gone with developing brand
image the another benefits seen at the time of implementing talent management strategies in the
organisation.
Theme 3 talent management strategies used in Barclays
Q3. Which talent management strategies are being used by Barclays in
order to retain their employees for long time in the organisation?
Frequency
a. providing training and development programmes 5
b. rewards and recognition 15
c. involving employees in decision asking process 10
a. increasing productivity
b. employee retention and satisfaction
c. developing brand image
0
2
4
6
8
10
12
Column I

Interpretation
From the graph, it can be analysed that out of 30 members in the organisation, 5 said that
providing training and development programmes is the talent management strategy used y
manager in order to enhance employees effectiveness. Then another 15 people said that rewards
and recognition is the another talent management strategy used by manager (Rocha, Ribeiro, and
Gomes, 2021). Rest of the other 10 people says involving employees in decision making process
is the strategy used by managers.
Theme 4 impact of talent management strategies
Q4. According to you, what can be the impact of talent management
strategies on the productivity of the company?
Frequency
a. positive impact 20
b. negative impact 5
c. neutral 5
0
4
8
12
16
Column F

Interpretation
From the table it can be analysed that out of 30 members, 20 said that talent management
is creating positive impact on productivity of the company. Then another 5 people says that it is
creating negative impacts on productivity of the company. Then rest of the other 5 people gone
with neutral impact talent management is having on productivity of organisation.
Theme 5 proper training and development sessions
Q5. Did you think, Barclays managers are providing proper training and
development sessions to the employees working in an organisation?
Frequency
a. yes 20
b. no 7
c. can't say 3
a. positive impact b. negative impact c. neutral
0
2
4
6
8
10
12
14
16
18
20
Column D

Interpretation
It can be analysed from above that out of 30 members, 20 said that yes Barclays
managers are providing training and development sessions to the employees. Next 7 people says
that no mangers are not providing effective training and development sessions to the employees.
Rest of 3 people says that they don't know about this statement.
Theme 6 challenges faced by employers
Q6. According to you, what challenges could be faced by employers at the
time of implementing talent management strategies.
Frequency
a. increase in employees turnover ratio 11
b. ineffective leadership 9
c. conflicts raised 10
a. yes b. no c. can't say
0
2
4
6
8
10
12
14
16
18
20
Column I

Interpretation
There are various challenges faced by employer of Barclays. Out of 30 members, 11 says
that increase in employees turnover ratio is the challenge could be faced by managers of
Barclays (Ruiz, 2021). Then another 9 people says that ineffective leadership is the challenge
faced by employers. Rest of 10 people says that raising in conflicts can be the challenge for
employers in Barclays.
Theme 7 recommendation made to Barclays
Q7. What recommendation should be made to the Barclays while
implementing of talent management strategies in the organisation.
Frequency
a. providing timely appreciation to the employees 12
b. increasing training and development programmes in a year 8
c. conducting motivation programmes 10
a. increase in employees turnover ratio
b. ineffective leadership
c. conflicts raised
0
2
4
6
8
10
12
Column J

Interpretation
It can be analysed that out of 30, 12 has given recommendation that company should
more focus on providing appreciation to employees on timely basis (Tiitto, 2021). Then another
8 people given they should increase training and development programmes in a year to enhance
employees learning then other 10 people given they should conduct motivation programmes in
the organisation.
Recommendation
From the above data it can be recommended that managers of Barclays should have to
provide carer and development opportunities to the employees in order to enhance their
efficiency and this will automatically results in development of the individual and this helps
them in increasing their productivity as well. Employees in every organisation are identifying
opportunities in order to raise their standards. This will helps them in their professional growth.
There like providing proper training and development session will lead to enhance employees
learning about a particular topic and this results in raising their standards as well. It is to be
recommended that Barclays should have to provide appreciation and rewarding on timely basis
so that they could easily motivated and this helps them in making them feel valued and important
0
4
8
12
Column K

in the organisation. Also manger should have to work on their training programmes and growth
opportunity so that they could find more opportunities and this results in retention of the
employees for long time and reducing employees turnover rates of organisation.
Conclusion
From the above it can be concluded that it is most essential fro the organisation in order
to enhance their employees effectiveness by using talent management strategies. These talent
management strategies helps the company in increasing their productivity, retention of
employees and developing brand image and achievement of their objectives and aims. Moreover,
there can be various strategies which are being used in the organisation for retaining and
attracting the employees. For that company is providing training methods and involving them in
decision making process which helps them in feeling valued in the organisation. Researcher is
using Gantt chart and WBS in order to complete this project on timely basis and this results in
achieving aims and objectives.

Performance review
What is the project supposed to accomplish?
This project aims to analyse numerous new creativities and innovations taken by the company
to strengthen its talent organisation strategy. The project will be completed effectively, which
helps the investigators to complete the investigation on time. Yes, from this plan, it can be
achieved in the conclusive retro, because it is better to do it at the end of the survey, you can
achieve the goals and objects of my survey.
Did project success in their aims? How they do know? Please outline any of the
evaluation and assessment undertaken.
Yes, consumption has achieved this goal and this goal. Because I got dressed response, the
result was too dressed and precise. I have got reliable deductions and recommendations by
collecting data and information. In addition, I have completed my efforts within the given
period. The project ended in a optimistic way.
What are things working well and why? Evaluate all the ways of the project (e.g. initial
inception, activities of project, project outcomes) from the prospective from the range.
Yes, my consumption has reached this goal and this goalmouth. Since I got good feedback, it
turned out to be too decent and correct. I have obtained reliable conclusions and
recommendations by collecting data and information. Also, I have completed my efforts
within the prescribed time frame. The project has been completed successfully.
Problems emerged in during this project and how they have tackled? Stayed the problem
discovered and resolved in time through the scheme?
The problem I met when collecting data and information from applicants was that persons did
not pay attention to if accurate information, and I also confronted a lack of funds, which
became an problem between my group and investigate.
What did you study when you started this scheme?
In the procedure of responsibility this investigate, I have cultivated a lot. It aided me learn
more about Google and how they maintain a talent management strategy in the group. Thus, it
helps me whole surveys and recover my communication and time management skills.
As a project director, how do you evaluate your performance?
I will give this program a score of 8/10, because I also have some difficulties collecting data

and information, so the information is missing.
What advantages and disadvantages did you find in your performance?
My strengths are communication skills and time management skills, so I have difficulty
solving problems, lack of financial problems, and sometimes stress management skills.
How will this notify and provision your ongoing professional growth?
It will help me in the upcoming by sympathetic talent management strategies in the office and
in the organization. Since this is the greatest important thing today, all organizations are
considering doing it and improving employee presentation and output.

REFERENCES
Books and Journals
Altindağ, E., Çirak, N.Y. and Acar, A.Z., 2018. Effects of talent management components on the
employee satisfaction. Journal of Human Resources Management Research, 2018, pp.1-
20.
Babii, A., 2020. Important aspects of the experimental research methodology. Вісник
Тернопільського національного технічного університету, 97(1), pp.77-87.
Cerezo-Narváez and et. al., 2020. Integration of cost and work breakdown structures in the
management of construction projects. Applied Sciences, 10(4), p.1386.
Hafez, E., AbouelNeel, R. and Elsaid, E., 2017. An exploratory study on how talent management
affects employee retention and job satisfaction for personnel administration in Ain
Shams University Egypt. Journal of Management and Strategy, 8(4), p.1.
Hughey, M., 2020. Appendix B. Research Methodology. In White Bound (pp. 209-222).
Stanford University Press.
Isa and et. al., 2018. Talent Management Practices, Perceived Organizational Support and
Employee Retention: Evidence From Malaysian Government-Linked
Companies. Global Business & Management Research, 10(3).
Li Qi, V. and Jia Qi, C., 2021. Talent Management Practices and Employee Engagement-A
Study in Malaysian GLCs.
Masri, N.E. and Abubakr, S.U.L.I.M.A.N., 2019. Talent management, employee recognition and
performance in the research institutions. Studies in Business & Economics, 14(1).
Mensah, J.K., 2019. Talent management and employee outcomes: a psychological contract
fulfilment perspective. Public Organization Review, 19(3), pp.325-344.
Narayanan, A., Rajithakumar, S. and Menon, M., 2019. Talent management and employee
retention: An integrative research framework. Human Resource Development
Review, 18(2), pp.228-247.
Ruiz, F., 2021. Factors that promote engagement in an IT company. Revista Latinoamericana de
Investigación Social, 4(1), pp.31-42.
Tiitto, P., 2021. Towards Customer Centricity.
Willmott, H., 2020. On research methodology. The Journal of Organization and Discourse, 1(1),
pp.1-4.
Wolkersdorfer, J., 2021. The Cost of Work Performed by Software Developers for Buddy
Healthcare Ltd Oy.
Young Illies, M. and Stachowski, A.A., 2020. Improving students’ teamwork experience:
Evaluating a project management application. Scholarship of Teaching and Learning in
Psychology, 6(1), p.46.
Zawacki-Richter and et. al., 2020. Systematic reviews in educational research: Methodology,
perspectives and application (p. 161). Springer Nature.
Zenone, A.C., Cezar, B.B. and de Hoyos Guevara, A., 2021. INTEGRATING CULTURAL
DIVERSITY IN ORGANIZATIONS: RECRUITMENT AND SELECTION. Journal on
Innovation and Sustainability RISUS, 12(2), pp.83-90.

Appendix
Questionnaire
Q1. According to you, did you know about the components of talent management in an
organisation.
a. talent acquisition and retention
b. performance management
c. career development
Q2. According to you, what can be the benefits which will be gained when talent management
is applied in the company.
a. increasing productivity
b. employee retention and satisfaction
c. developing brand image
Q3. Which talent management strategies are being used by Barclays in order to retain their
employees for long time in the organisation?
a. providing training and development programmes
b. rewards and recognition
c. involving employees in decision asking process
Q4. According to you, what can be the impact of talent management strategies on the
productivity of the company?
a. positive impact
b. negative impact
c. neutral
Q5. Did you think, Barclays managers are providing proper training and development sessions
to the employees working in an organisation?
a. yes

b. no
c. can't say
Q6. According to you, what challenges could be faced by employers at the time of
implementing talent management strategies.
a. increase in employees turnover ratio
b. ineffective leadership
c. conflicts raised
Q7. What recommendation should be made to the Barclays while implementing of talent
management strategies in the organisation.
a. providing timely appreciation to the employees
b. increasing training and development programmes in a year
c. conducting motivation programmes