Strategies for Retaining and Managing People

Managing a Successful Business
Project
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Table of Contents
Table of Contents.............................................................................................................................2
INTRODUCTION...........................................................................................................................3
Producing Aim and objectives.....................................................................................................3
Research question........................................................................................................................4
Rationale......................................................................................................................................4
Milestone of the project...............................................................................................................5
Work breakdown structure..........................................................................................................6
Gantt chart...................................................................................................................................6
RESEARCH METHODOLOGY (400)...........................................................................................7
FINDINGS AND ANLYSIS (600).................................................................................................8
Application of appropriate analytical tools to analyze research findings and data.....................8
RECOMMENDATIONS (200).......................................................................................................8
REFLCETION (150).......................................................................................................................8
CONCLUSION (150)......................................................................................................................8
REFERENCES................................................................................................................................9
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Topic- To identify strategies and ways of retaining and managing people.
INTRODUCTION
Talent management is a process of attracting and retaining skilled employees within company for
improving image and productivity. Talent management and activities from attracting employees
to retain employees helps company and employees in accomplishing goals (McDonnell and
et.al., 2017). For retaining employees, employers put extra efforts and makes use of effective
strategies and try to satisfy employees. When employees become satisfy then they support
company in meeting their goals. So, from this it can be said that it is beneficial for both
employees and employers. There are several advantages that company can take by using
effective strategies for attracting and increasing staff retention rate with the company. In regards
to strategies of talent management it can be said that different companies make use of different
ways like motivation, training and others.
Research background
Talent management can be defined as strategic process of getting the right people and
helping them out in development and growth. This present project is based on Marks and
Spencer that is a British Multinational retailer, founded in 1884 by Michael Marks. It offers
clothing, food and home products. This present study is going to discuss advantages and benefits
of talent management along with ways by which companies can decrease staff turnover rate. It
will also show effective project development plan that includes: cost, resources, time and
communication modes required by project manager as it helps in completing project effectively.
For making project successfully, it is important to identify some important tasks that are known
as milestones and by focusing on these, project manager can complete project in timely manner.
Producing Aim and objectives
Aim- “To identify effective strategies by which Marks and Spencer can attract and retain skilled
workforce”. Study of Marks and Spencer.
Objectives
 To identify meaning and concept of talent management.
 To discuss benefits that Marks and Spencer can take by managing talent within
organization.
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