Importance of Talent Management Strategies for Attracting and Retaining Talented People

This research focuses on the importance of talent management strategies for attracting and retaining talented people, with a case study on Tesco. It explores the concept of talent management, different strategies for managing talent, ways to retain talent, and methods to attract talented employees.

Managing a
Successful Business
Project

Table of Contents
Chapter 1: Introduction..............................................................................................................3
Chapter 2: Literature review......................................................................................................9
Chapter 3: Research methodology...........................................................................................11
Chapter 4: Analysis and Discussion.........................................................................................13
Chapter 5: Reflection...............................................................................................................22
Chapter 6: Conclusion, limitations and recommendations......................................................23
REFERENCES.........................................................................................................................24
Books and journals...............................................................................................................24

Chapter 1: Introduction
Overview of the Title:
Talent management can be defined as a process which is related to managing the
talented employees within the organisation in order to increase the skills and competency of
organisation to perform different task. It includes number of tools and techniques which are
essential for the firm to achieve the objectives and manage the talented employee. This
research is conducted on Tesco. It is a British multinational organisation which is operating
its function in in British environment (Janssens, 2019).
Overview of the Organisation:
Tesco is the British multinational organisation which is operating its business at
global level and providing its services in different countries. It was founded by jack Cohen in
1919. Tesco is a multinational organisation which provides number of products and services
to the customer which is related to groceries, clothing and many other. It is a little
multinational super joint which is using appropriate strategies in order to effectively use the
talent management concept and increase the skills and competency of employees..
Project aim:
“To identify the importance of talent management strategies for attracting and retaining
talented people”. A study based on Tesco
Objectives of the project:
 To Developing a knowledge about the concept of talent management.
 To identify different strategies which can be used by organisation to manage the talent
 To identification of ways to retain the talent within the organisation. To examining different ways which can be used by organisation to attract the talented
employees and retaining them for a longer period of time.
Questions of the project
 Explain developing knowledge about the concept of talent management?
 What are different strategies which can be used by organisation to manage the talent?
 What is identification of ways to retain the talent within the organisation? What are different ways which can be used by organisation to attract the talented
employees and retaining them for a longer period of time?
Rationale of the project: The main rational behind this project is to identify different
strategies which can be used by Organisation in order to manage the talent and achieve the
objectives. This study is based on supporting investigation which will help in increasing the
skills and professional knowledge. This is based on talent management system disease and its

function to improve the professional level within the organisation and understanding various
aspects and strategies of talent management.
Project management plan: A project management plan can be defined as a document
which consists of information about the goals budget timeline scope and many other
components of business. It is essential for organisation to identify an appropriate system
which consists of different components. Some of these components which are considered
under this report are discussed below: Cost: Cost is the first component in every project management plant which include
highlights about the budget. Cost includes all those expenditures which are made by a
researcher in order to complete the research and achieve the positive outcomes. In
context of the current research on talent management appropriate total forecast budget
is discussed below:
Total forecasted budget
Particular 2019-20($)
Implementing technology cost 10000
Promotional expense 5000
Advertisement expense 1500
Catalogues 1000
Training charges 5500
Total cost 23000
 Scope: The scope of current project is to increase the knowledge about tell
measurement concept as well as implementing the talent management concept on
different function of organisation to improve talented employees (Newton, 2016). Time: it is necessary for organisation to complete the task in a given time where it has
to use appropriate functioning and dependency. Under the current report in order to
complete the task in a timely manner there is use of different gantt chart.. Quality: quality of work is important component in the research where there is focus
on maintaining a quality in an appropriate manner for achieving the desired outcomes
of the research.

 Communication: Communication is also act as an important component within li
project of research where there is use of effective communication channel in order to
facilitate good flow of communication and transfer of information. It is analysed that
there are different kind of publication tools which are used in research such as email
oral communication written communication and many other (Kassel, 2016). Risk : This report is also consists of different kind of research risk which can
influence the function as well as will include appropriate time and resources in order
to perform the function. The major risk behind this research report is to identify the
target population and using the sample size in an appropriate manner..
 Resources: Resources are also act as an component which is important to the research
in order to complete the research as well as reduce the time consumed by different
individuals. In relation to the current research report there is use of different sources
which include books newspaper articles journals and many other (Boyle, 2017).
Work breakdown structure: Work breakdown structure can be defined as a system which is
used by Organisation in order to divide the work according to the need and requirement of
current business environment. In relation to the current research report there is discussion of
appropriate grad chart which will be used in order to address the function of talent
management (Tu, 2018).
 Gantt chart: It can be defined as a tool which is used by Organisation in order to
manage the functions in an appropriate time. Gantt chart includes distribution of

different activities according to the time required to perform each and every activity
on portal basis. This is helpful to Organisation in achieving its objective by managing
appropriate Gantt chart.

Chapter 2: Literature review
Explain developing knowledge about the concept of talent management?
According to the viewpoint of (Vanhaverbeke, 2017)Talent management can be defined as a
process of managing the skills of different employees within the organisation. This is directly
related to managing talented employees in the organisation who can perform different task in
accordance with their performance. Talent management is important for organisation to
improve its function as well as bring better opportunities to work the future of organisation. It
is identified that talent management is appropriate concept which has to be implemented by
manager within Tesco in order to provide an appropriate environment and increase the power
of employees to work willingly. It is identified that there are lots of people who are using
outside communication system this make it difficult for the organisation to choose an
appropriate strategy. tesco's using appropriate strategies in order to bring profitability and
achieve objectives in a timely manner
What are different strategies which can be used by organisation to manage the talent?
According to view of (Rowden, 2017) There are a number of talent management
strategies which can be used by Organisation in order to improve its function as well as
achieve better results. Authors stated that Tesco can use training and development in an
appropriate manner so that it can easily manage the talent within the organisation by
increasing the capabilities of different individual. in context of this organisation is required to
formulate effective training and development program which will help in motivating
employees and performing their function in more effectively by boosting their performance
and skills. this is also helpful to Organisation in managing the employees working as train
employee can work with flexible approach and work in an effective manner.
What is identification of ways to retain the talent within the organisation?
According to the viewpoint of (Halibozek and Kovacich, 2017) In order to retain
talented employees within the organisation of firm need various kind of changes which are
related to using motivational techniques as well as performing the function in an appropriate
way. The best strategies adopted by test is to include providing promotion performance
appraisal guidance and training and development within the organisation which will host the
motivation women employees as well as help the firm in retaining talented employees in
longer period of time. This is also helpful to Organisation in achieving its business objectives
by managing the performance of different individual according to the needs and requirements
of the current business scenario. This will help Organisation in boosting the performance as
well as using appropriate techniques. Promotion is one of those technique which can be used
by Organisation in order to retain The talented employees where by promoting the employees
on their job and increasing their contribution in an appropriate manner.
What are different ways which can be used by organisation to attract the talented
employees and retaining them for a longer period of time?
In view point of (Polonsky and Waller, 2018) There are number of ways which can be
used by organisation to attract the talented employees as well as retain them for longer period

of time. In context of tesco author stated that there are a number of system like team
management and improved working practices help the organisation in managing the talented
employee as well as attracting them towards the organisation. Organisation can also use
effective compensation which will attract large number of employees and help firm in
managing their function. Compensation is always attracted to the employees as it has them in
fulfilling their needs and requirements for forming the function in an appropriate way. It can
be used by organisations to improve its function as well as perform all the function according
to the needs and requirements.

Chapter 3: Research methodology
Research philosophy: research philosophy can be defined as a part of a research
which is directly related to the research methodology. research methodology is useful in
analysing gathering and using the qualitative and quantitative information in order to
presentation of current objective. In relation to the current research, there is use of positive
philosophy which help in analysing the research and performing the data in positive manner.
Research approach: research approach can you define a function within the research
which state the objectives of the research on which the research is based. In relation to the
current research there is use of of different approaches which are based on objective and
function. this is because it helps in conducting research in an appropriate manner and
achieving this positive outcomes from the research.
Research strategy: our search strategy can be defined as a set of action plans which
are oriented toward the objectives of the research and are useful and defining appropriate
function for conducting a research. In context of the current research, there is use of
appropriate research strategy which is helpful in performing the function. under this specific
procedure is follow which include action research experimental research systematic literature
review surveys interviews case study and discussion about the organisation. all these are
essential in order to perform the research in an effective manner and achieve positive
outcome.
Data collection: IT act as a most important part in a research where it is related to
collection of data which is used to finalize the outcomes. Under the current research there is
use of both primary and secondary sources of data collection. Under primary sources of data
collection there is use of questionnaire. On the other side, in order to collect the secondary
data there are evaluation of number of books articles journals publications and many other
secondary sources to perform the research.
Time horizon: context of time for reason there is use of cross section and longitudinal
methods which are helpful in implementing appropriate system and managing the time
according to need.
Sampling: sampling is also important part in conducting research which is included in
research methodology. sampling can be define as a system which is used by the organisation
to collect the sample from the total population and order to perform the research. Under this
report the total sample size is 40 person.
Research instruments: research instruments are those tools and techniques which are
used by research in order to complete the research. In the current research there are various
tools which are included such as interview questionnaire for focus group observation and
many more.
Data analysis: data analysis is the technique which is used by the researcher in order
to analyse the data which is collected from primary and secondary sources. In order to

complete the current research on talent management, there is use of different kind of data
which are helpful in achieving the outcomes of the research.
Ethical issue: Ethical issues that path of research which is related to identifying the
issues which are faced by the author and are considered to perform the research in ethical
manner. Under this the research consist various ethical issues which are related to
confidentiality of respondents, voluntary participation and many other.

Chapter 4: Analysis and Discussion
Data analysis and discussion can be defined as that part of research which is related to
analysing the data which are provided and collected from different sources in order to
complete the research in a primary and secondary manner. This include number of function,
some of the function are discussed below in relation to the questionnaire which is prepared by
the researcher on Tesco. This questionnaire includes 40 respondents who responded 8
questions. All this discussion and interpretation are discussed below:
Q1) Do you know “what is the concept of talent management and its uses”? Frequency
a) Yes 30
b) No 10
Q2) According to you is the talent management and its impact on Tesco and
retaining talented employees?
Frequency
a) Yes 35
b) No 5
Q3) In your opinion what are the difference strategies which can be used by
organisation to retain The talented employees?
Frequency
a) Detailed job descriptions, 15
b) Collaborate-coach-evolve, 10
c) Opportunities for continuous improvement, 8
d) Reward and recognize right 7
Q4) What are the advantage of using talent management in Tesco? Frequency
a) Retaining finest talent 18
b) Efficient and effective performance 11
c) Strengthen human capital structure of company 11
Q5) In your opinion what are the benefits which can be availed by
employees from talent management in Tesco?
Frequency
a) Achievement of job satisfaction 12
b) Enhancement personal skills 15

c) Boosting up confidence and motivation 13
Q6) what are the options which are used by talent management to start the
initiative by Tesco?
Frequency
a) Maintaining individual identity 16
b) Training and development 14
c) Job rotation 10
Q7) According to you what are the strategies which can be used to manage
talent within the organisation?
Frequency
a) Offering the right benefits 16
b) Providing on-going education and clearing paths for better experience 13
c) Recognition starting from recruitment 11
Q8) According to you is that talent management is useful for the
organisation like Tesco in achieving a competitive edge within the market?
Frequency
a) Yes 28
b) No 12

Question 1: Awareness about talent management
Q1) Do you know “what is the concept of talent management and its uses”? Frequency
a) Yes 30
b)No 10
Interpretation: It is analysed from the pie-chart mentioned above that there are a total
of 40 respondents in which 30 are responded in favour of the concept of talent management.
Only 10 out of 40 responded in negative manner.
Question 2: Importance of talent management for organisation
Q2) According to you is the talent management and its impact on Tesco and
retaining talented employees?
Frequency
a) Yes 35
b) No 5

Interpretation: It can be interpreted from the above-mentioned pie chart that 35 out of
40 are the talent management is impact on touch to and help in determining talented
employees. 5 out of 40 respondent is called in negative manner where there disagreed with
talent management impact on Tesco.
Question 3: Strategies used in talent management
Q3) In your opinion what are the difference strategies which can be used by
organisation to retain The talented employees?
Frequency
a) Detailed job descriptions, 15
b) Collaborate-coach-evolve, 10
c) Opportunities for continuous improvement, 8
d) Reward and recognize right 7
Interpretation: It is analysed the above mentioned five chart that there are potty
respondent out of which 15 responded to the detailed job description when it is asked about
different strategies which can use for organisation to retain talented employees. 10 8 and 7
are responded respectively for collaborative approach involvement opportunities for
continuous improvement and river deck Organisation.
Question 4: Advantages brought by talent management for organisation
Q4) What are the advantage of using talent management in Tesco? Frequency
a) Retaining finest talent 18

b) Efficient and effective performance 11
c) Strengthen human capital structure of company 11
Interpretation: With the help of above data it can be interpreted that, 18 respondents
out of 40 believe with the help of talent management strategies Iceland Foods can
successfully retain the finest talent in their organisation. Whereas 11 believe that it helps in
enhancing performance. 11 other respondents suggest that it strengthens the human capital
structure in organisation.
Question 5: Benefits of talent management for employees
Q5) In your opinion what are the benefits which can be availed by
employees from talent management in Tesco?
Frequency
a) Achievement of job satisfaction 12
b) Enhancement personal skills 15
c) Boosting up confidence and motivation 13

Interpretation: From the above mentioned diagram that there are a number of
advantage which is using by of talent management within an organisation like tesco. the
major advantage is retaining the finance current within the organisation where 18 out of 40
respondents responded in the favour.
Question 6: Initiatives for talent management
Q6) What are the options which are used by talent management to start the
initiative by Tesco?
Frequency
a) Maintaining individual identity 16
b) Training and development 14
c) Job rotation 10
Interpretation: It can be interpreted from the above-mentioned information that
initiative of talent management within the organisation is essential for the firm where 16 out
of 40 respondents responded for maintaining the individual identity where 14 are responded
in favour of training and development and 10 respondents for job rotation..
Question 7: Important strategies to retain talent
Q7) According to you what are the strategies which can be used to manage
talent within the organisation?
Frequency

a) Offering the right benefits 16
b) Providing ongoing education and clearing paths for better experience 13
c) Recognition starting from recruitment 11
Interpretation: It can be identified from the above mentioned graph that when it is
asked from the respondent about the importance of strategy to retain talented employees 16
out of 40 is founded about offering the right benefits and restaurant responded for providing
on-going education and recognising of starting from recruitment.
Question 8: Awareness of competitive advantage with the help of talent management
Q8) According to you is that talent management is useful for the
organisation like Tesco in achieving a competitive edge within the market?
Frequency
a) Yes 28
b) No 12

Interpretation: It can be estimated from the above mentioned graph that talent
management is helpful to the organisation in gaining competitive advantage. This is because
28 out of 40 respondents responded in favour of organisation.

Discussion
The data mentioned above that secondary information is associated with appropriate
function and needed to perform the function in an appropriate manner. It is also identified
that with the help of data collected from the above a number of functions which has to be
used by Organisation in order to maintain talented employees and manage with different
strategies to retaining and attracting talented employees. According to the discussion job
rotation is a best strategy which can be adopted by the organisation to maintain the talented
employees and perform the functions according to the needs and requirements.

Chapter 5: Reflection
It was a great opportunity to be the part of this research in order to identify the topic
of talent management. This research is helpful to me in gaining different insights about the
talent management within an organisation and using it for the benefits of a firm. Prior to this
research, knowledge about the concept of talent management is very low. in order to identify
various aspects of talent management I used to be part of this research so that I can
understand different concept of talent management and improve my knowledge and ability to
manage the talent that my future career. This research is also helpful to me in developing my
analytical skills.

Chapter 6: Conclusion, limitations and recommendations
Conclusion:
It can be concluded from the above-mentioned information that there are various
aspects which are related to a research. This is directly essential for Organisation in order to
complete the research about talent management. In order to achieve the objectives the number
of systems this has to be followed in a research. This is also analysed that these systems will
help the organisation in building appropriate strategies and retaining the talented employees
for a longer period of time.
Recommendations:
From the above mentioned information it is analysed that there is appropriate need of talent
management within Tesco. After conducting research there are some recommendations
which can be followed by organisation. Some of these are discussed below:
 Organisation can regularly provide the reward to the employees so that it can
motivate them and increased them to perform different functions in an effective
manner.
 In order to attract the large number of talented employees form can follow a
development opportunities but continuous training development programs.

REFERENCES
Books and journals
Polonsky, M.J. and Waller, D.S., 2018. Designing and managing a research project: A
business student's guide. Sage publications.
Halibozek, E. and Kovacich, G.L., 2017. The manager's handbook for corporate security:
establishing and managing a successful assets protection program. Butterworth-
Heinemann.
Rowden, M., 2017. The Art of Identity: Creating and Managing a Successful Corporate
Identity: Creating and Managing a Successful Corporate Identity. Routledge.
Vanhaverbeke, W., 2017. Managing open innovation in SMEs. Cambridge University Press.
Tu, J., 2018. Managing Business Process Transformation Projects Using Contextual Hybrid
Agile Methodology.
Kassel, D.S., 2016. Managing public sector projects: A strategic framework for success in an
era of downsized government. Taylor & Francis.
Boyle, G., 2017. Design project management. Routledge.
Newton, R., 2016. Project management step by step: how to plan and manage a highly
successful project. Pearson UK.
Janssens, J., 2019. Managing and Shaping Change in International Projects. In Managerial
Competencies for Multinational Businesses (pp. 150-173). IGI Global.