Talent Strategies for Attracting and Retaining People: A Case Study on Waitrose

Managing a Successful
Business Project
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Title: What talent strategies do the best companies use to attract and retain people?
A case study on waitrose.
INTRODUCTION
Talent management is related with analysing the overall workforce management scenario in a
organisation. It is related with the process of attracting retaining and developing employees for
longer time period. There are diverse organisational strategies that can help in maximisation of
employees overall potential (Claus, 2019). Present report is based on analysing various
associated concept of talent management process that can be used in organisations that are part
of retail sector in order to manage their overall workforce. For this purpose there is application of
primary and secondary sources of information in order to achieve the laid aims and objectives in
the course of business functioning.
TASK 1
P1) Aims and objectives of the research
Overview of the Research:
The present research work is conducted for Waitrose so that there can be assessment of the
various talent management strategies that are to be used in the organisation for the purpose of
retaining talent for long term. In this scenario there is need to recommend some of the new
strategies that are to be considered for the purpose of having effective talent management
process. For this purpose there will be collection of data from various primary and secondary
sources of information in order to reach to relevant conclusions and recommendations.
Aims: “To identify talent management strategies do the best companies are using to attract
and retain people in long run”. A case study on Waitrose.
Objectives:
 To understand the basic concept of talent management strategies
 To identify strategies required to attract and retain people in Waitrose
 To analyse challenges associated with attracting and retaining people in Waitrose.
Questions:
 What is the basic concept of talent management strategies in organisations?
 Identify strategies required to attract and retain people in Waitrose?
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 What are some of the challenges associated with attracting and retaining people in
Waitrose?
LITERATURE REVIEW
Basic concept of talent management strategies
As per views of Karin Ansari (2016), there are different talent management strategies that
can be used in organisations for the purpose of attracting and retaining employees in order to
maximise their present potential level. For the purpose of forming effective talent management
strategies there is requirement of several aspects that includes understand the power of job
descriptions that is related with deciding the specifications of job including overall duties, job
titles, necessary skills, working relationships and overall salary that is to be offered. Another
strategy si to assess the candidate cultural fit is a process that is related to creation of right job
descriptions that is required to select candidate as pre required culture of organisation. These are
different aspect of talent management that are to be used in organisations for the purpose of
retaining their employees for longer time period. In Waitrose this concept is associated with
offering continues training and development opportunities so that there can be improvement in
one are to maximise the employee potential level. Another strategy is associated with giving
back employees with respective recognition and rewards. It plays a vital role in maintenance of
employees who are able to feel appreciated, recognized and important that leads o reduction in
employee turnover (6 Simple Talent Management Strategies, 2017).
Challenges associated with attracting and retaining people in Waitrose
As per view points of Prashant john (2017), there are some of the challenges that are associated
with talent management practises in organisations. Such as, there is requirement of updated
technology that is a big challenges experienced by employers in retail organisations. In some
situations updated technology is associated with higher associated cost. Apart from this there is
need of technology for better employee enragement that is also a big challenges that amy posses
a impact on the overall organisation performance. HR roles has evolved ib pas soe tears as
employees are no longer seen as a mass, HR strategies are now focussed on better discern that
can help in driving the process employee productivity, employee motivation. There is need to
adopt some of the crucial skills that can assist in having a core engagement strategy in a
organisation. For this purpose work life balance is also a big challenge for organisations.
Presently HR teams have to understand the various labour laws and compensation plans for
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implementing vast range of skills for creation of statistics modelling. HR actions posses a impact
on top and bottom line employees.
Strategies required to attract and retain people in Waitrose
As per view points of Scott keller & Mary Meaney (2017) There are several strategies that
are to be used by organisations for the purpose of attracting and retaining talent. Recent study
has suggested that approx 600,000 entertainers, researchers, athletes and politicians are higher
preformed are having 400 percent more productivity as average ones. For the purpose of
attracting and retaining talent there are certain specific initiatives that have to be taken by various
organisations for the purpose of improving their talent processes. For this organisations are going
through different cycles of initiatives in order to retain and manage their overall talent in long
run. In case of retail sector organisations like Waitrose it is important to generate an employee
value proposition in this employees have to be offered with tangible rewards, working
experience in the organisation so that leadership can help employees and substance of work.
EVP is truly stronger for attracting and retaining of best talent in organisations (Attracting and
retaining the right talent, 2017). Another strategy is to encourage referrals so that there can be
use of word of mouth for the purpose of enhancing the ability to attract top talent from peer
groups, networks and family.
There are no better recommendations for prospective candidates that word of mouth from
existing employees. There can be development of whole package where salary can be a deciding
factor in selecting a job by an employee. There can be active encouragement and internal
promotions that are used as strategies for the purpose of attracting prospective candidates and
providing clear signals for future progression and development path.
P2)
Project management plan is related with different phases of a project that has to be defined. It
includes various aspects that is cost, scope, resources, quality, communication and many others,
this plan can be very useful for the purpose of identification of the reason because of which
project was undertaken (Whysall, Owtram and Brittain, 2019). There are some of the activities
that are to be performed as a part of project management plan that has to be associated to
different individuals in an organisation. For this purpose project management plan is mentioned
below:
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 COST: In the present research work there is need to incur some of the cost that is related
with procurement of resources. For this purpose there is need to collect all the
information by undertaking research while analysing the data as per specific
requirements. For this purpose there are some of the compulsory costs that have to be
incurred in order to ascertain the requirements of the project.
 Scope: the scope of research is based on analysing the different strategies of managing
talent that can be used in organisations for the purpose of maximisation of the present
value of employees. This research is going to assist in the formulation of suitable
strategies that can assist in the process of maximisation of the competence and abilities of
the present workforce.
 Time: it is crucial for the investigator to determine the overall time frame that needs to be
completed the overall project activities. There will be requirement of a time period of 4
weeks in which project has to be completed (Sparrow, 2019).
 Quality: For the purpose of ensuring better outcomes and higher quality it is important
for the researcher to use authentic sources of collecting data, for this researcher will be
using quality chart so that they are able to compare information as per various
specifications that are to be identified by them in course of research report.
P3) Work breakdown Structure and Gantt chart
Work Breakdown structure: In a research activity, a work-break structure (WBS) is a
deliverable-oriented breakdown of a project down into smaller parts. A WBS is a significant
project deliverable that divides the performance of the employees into manageable chunks.
Basically, it is a strategy for completing a multi-step, difficult project. It is a method of dividing
enormous undertakings to complete it more effectively.
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