Considering a Strategic Approach to Talent Management

This research focuses on the concept of talent management and its impact on organizations, specifically Tesco. It explores various strategies for retaining talented employees and discusses the importance of talent management in achieving organizational objectives.

Higher Nationals
Project Brief –
UnitNumberandTitle Unit 6 – Managing a Successful Business Project
Project Title Considering a Strategic Approach to Talent Management
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Managing a Successful
Business Project
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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...............................................................................................................21
Chapter 6: Conclusion, limitations and recommendations......................................................22
REFERENCES.........................................................................................................................23
Books and journals...............................................................................................................23
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Chapter 1: Introduction
Overview of the title:
Talent management system is a process which helps in managing the talent of employees within an
organisation in order to increase their skills and competency to perform various task allotted to them (Kassel,
2016). There are different tools and techniques which can be used by an organisation in order to make sure
that they are hiring talented employees and also increasing their talent. The following research is conducted on
Tesco which is a British multinational organisation operating in retail sector.
Overview of the organisation:
Tesco is a British multinational company which is operating globally and providing services in a
number of different countries. It was established by Jack Cohen in the year 1919. It is a multinational
organisation which provides a number of different services and products such as clothing, grocery, accessories
and so on. The multinational joint is using a number of different strategies in order to make sure that talent of
the organisation is managed successfully to face competition in the market.
Project aim:
“To identify the importance of talent management strategies in order to attract and retain talented employees.
A study based on Tesco
Objectives of the project:
 To develop the knowledge regarding concept of talent management.
 To identify various strategies used by organisation to manage the talent.
 To identify different ways to retain talent within an organisation
 To examine various ways used by organisations to attract talented employees and retain them.
Questions of the project:
 What is meant by the concept of talent management?
 What are various strategies that organisations used to manage their talent?
 What are various ways to retain talent in an organisation?
 What are various ways to attract talented employees towards organisation?
Rational of the project: The rationale of the research is to identify various strategies that can be used by a
business so that they can effectively manage the talent in their organisation achieving all their objectives. The
following study is efficiently supporting investigation in order to increase information about talent
management which will help in enhancing skills and knowledge in employees in an organisation. Talent
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management system is an important function in organisation which helps in expansion of business along with
Korea development of employs.
Project management plan: A project management plan is a plan or document which consist all the
information regarding fulfillment of a research (Tu, 2018 ). There are a number of different components
included in project management plan all of which are to be managed by the researcher. Below mentioned are
the components of project management plan in the following research:
Cost: Cost refers to the budget which will be required in order to fulfil the research successfully. And
expenditure budget is made by the researcher in order to note down all the cost that will be required in the
research to fulfil the research objectives. Below mentioned is a forecast budgeted expenditure report for the
following research:
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 major scope of the research is to make sure that it will help people to increase their knowledge
about talent management in an organisation. The measurement concept is used successfully to fulfil the scope
of the research.
Time: The researchers provided a particular time period in which the research outcomes must be developed
(Boyle, 2017). All the functions are dependent upon the time period and it is necessary to use Gantt chart in
order to make sure that the research is completed in time.
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Quality: Quality of the work which is included in the following research is necessary. The researcher requires
to focus upon the quality in order to make sure that proper outcomes are derived from the research and the
research can be reliable.
Communication: Communication is an important concept within a research which helps in facilitating flow of
proper information from time to time within various members included in research. There are a number of
different publication tools which are used along with oral and written communication. Email is the best way
used in the following research for communication.
Risk: There is certain risk involved in every research. These risks are influencing different functions and it is
necessary to make sure that all the resource and time for the research are used properly to avoid this risk. The
major risk in this report is identifying proper sample size in the target population to make sure that the results
are not biased in any manner.
Resources: Resources are important component in a research which helps in fulfilment of all the objective of
the research in the given time period. There are a number of different resources such as secondary resources
which are used for research along with different resources such as human resource, cost, stationery and so on.
Work break down structure: Work breakdown structure allows a system to the organisation through which
they can divide a work into various task successfully it helps the business is managing their current business
task according to the environment. The following report also can be developed into work breakdown structure
through which different task of the report can be achieved successfully within given time.
Gantt chart: Gantt chart is a tool which is used in organisation in order to manage all the different functions in
the given time period. Gantt chart includes distribution of a number of different activities as per the time that is
required to complete all these activities successfully. It is divided into priority basis and major objective of
Gantt chart is to manage time for an activity in the organisation.
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Chapter 2: Literature Review
Explain developing knowledge regarding concept of talent management
According to Vanhaverbeke, 2017, talent management is defined as a process which is used to manage
various skills and different employees in the business. It can be related to managing talent of employees in the
organisation who are performing a number of different tasks in order to fulfil the objective of the organisation.
Talent management is necessary for organisation to improve all their function and bring various opportunities
for expansion of the business make proper use of talent management. Tesco is developing various strategies
for talent management which is helping them to bring profitability and also achieve all their objectives
successfully.
Different strategies used by organisation to manage the talent
According to the viewpoint of Rowden, 2017, there are various talent management strategies that can
be used in an organisation to improve their function as well as achieve good results in future. In Tesco training
and development is used in an appropriate manner to easily manage the talent within the organisation. It helps
in increasing the capability and capacity of employs and formulation of proper training and development
program is organised by human resource department in the organisation. They are successfully using a flexible
approach to train employees for managing their employees.
Identification of ways to retain talent in organisation.
According to Halibozek and Kovacich, 2017, retaining employees in an organisation is a necessary
step which every organisation needs to take for its success and development. There are a number of techniques
of motivation and performance management which can be used by organisation in order to retain the talent.
Some of the best practices adopted by Tesco our promotion of employees as well as appraisal of employees
from time to time. Training and development of employees is also used by Tesco in order to retain talented
employees in the organisation for a longer period of time. This will successfully help business in achieving all
its objective and aligning the personal goals of employees with the objectives and goals of the organisation.
Promotion is a technique which will be used by organisation in order to make sure that the satisfaction of job
in the employs is also increased along with retaining them in the organisation.
Different ways which can be used by organisation to attract talent and retain employees for longer period of
time
According to Polonsky and Waller., 2018, there are various ways which are used by an organisation in
order to make sure that they are attracting their employs and retaining them in the organisation for a longer
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period of time. When taking Tesco into context the author have stated that a number of systems for tea
management and improvement of working practices are used by organisation to manage talent in the employs
as well as attract the talent towards the organisation. Organisation is also managing all this functions through
paying effective compensation to the employees which is a great way to attract them. Compensation helps in
fulfilling all the needs and requirements of employees and continuously motivating them in order to make sure
that they are successfully retaining in the organisation for a longer period of time.
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Chapter 3: Research Methodology
Research philosophy: Research philosophy refers to a part of research which can be directly related to
methodology of research. Research methodology is used in gathering and analysing various data using
qualitative and quantitative information present for the objective (Newton, 2016). In the following research a
positive philosophy is used to analyse the research performance in a positive manner.
Research approach: Research approach is used to define the function in research which helps in stating
objective of the research and what is the research based upon. In relation to the following research there are
various approaches used which are based on the objective of the research. It will help in bringing out positive
outcomes from the research and its proper management.
Research strategy: The strategy which is used in the research is the site of action plan which are focusing
upon achievement of the objectives of research and also defining different functions that will be conducted in
the research. In the following research appropriate strategy is used in order to perform all the functions of
research. Under specific functions and procedures action research experimental research systematic literature
reviews as well as survey interviews are used for case study discussion of the following organisation. These
are essential functions in order to perform the research effectively and achieve all the required outcomes.
Data collection: Data collection refers to the methods which are used in order to collect the data which will
help in carrying out the results and bringing the outcomes. In the following result of the research primary
sources of data are collected using a questionnaire whereas secondary sources of data are collected using
various articles, journals, publications as well as books which were already available through different
resources.
Time horizon: Time horizon refers to the context of time and in the following research cross-sectional and
longitudinal methods are helping in appropriately using and managing time for the research purpose.
Sampling: Sampling is essential in order to conduct a research which includes the research methodology. In
the following research 40 persons are taken randomly from the total population. It is the best way to choose
sample which will derive perfect result without any bias.
Research instruments: Research instruments are all the techniques and tools which will be used by
researcher in order to carry out the following research (Janssens, 2019). Interviews and questionnaire are tools
used in the following research.
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Data analysis: It is a technique which is used by researcher in order to analyse the primary as a secondary
data available to them. Talent management is the current research topic and the researcher have used data
analysis tools to reach to certain outcomes.
Ethical issues: Ethical issues are a part of research which are the necessary issues that researcher needs to
implement. It is necessary that confidentiality of reports, respondents and voluntary participation of members
is maintained in order to deal with ethical issues.
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Chapter 4: Analysis and Discussion
Data analysis can be defined as a function which is performed to analyse the reviews of different
individual at the time of questioning. In context of the current research report, there are identification 50
respondents. This is discussed below:
Q1) "The concept of talent management and its uses are very wide “do you
know about it?
Frequency
a) Yes 35
b) No 15
Q2) Talent management within the organisation is an impactful scenario
which impacts the performance of organisation. Do you think that talent
management will impact the organisation like Tesco?
Frequency
a) Yes 40
b) No 10
Q3) In the present business environment there are a number of strategic
opportunities in front of organisation which can be used under this system
of retaining talented employee, according to you what is the best strategy
which can be followed under this in scenario?
Frequency
a) Detailed job descriptions, 20
b) Collaborate-coach-evolve, 10
c) Opportunities for continuous improvement, 15
d) Reward and recognize right 05
Q4) What is the major advantage which can be availed by test score by
using talent management?
Frequency
a) Retaining finest talent 20
b) Efficient and effective performance 15
c) Strengthen human capital structure of company 15
Q5) Talent management is helpful for employees what are the benefits of
talent management according to you which can help employee?
Frequency
a) Achievement of job satisfaction 20
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b) Enhancement personal skills 20
c) Boosting up confidence and motivation 10
Q6) In your point of view, what are some options to start the talent
management initiative in Tesco?
Frequency
a) Maintaining individual identity 20
b) Training and development 15
c) Job rotation 15
Q7) What are the main and effective strategies which can be used to
manage the talented employee in organisation?
Frequency
a) Offering the right benefits 25
b) Providing on-going education and clearing paths for better experience 10
c) Recognition starting from recruitment 15
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Question 1: Awareness about talent management
Q1) "The concept of talent management and its uses are very wide “do you
know about it?
Frequency
a) Yes 35
b) No 15
80%
20%
Frequency
a) Yes b) No
Interpretation: It can be interpreted from the above mentioned by chart that 70% of individual know about the
concept of talent management.
Question 2: Importance of talent management for organisation
Q2) Talent management within the organisation is an impactful scenario
which impacts the performance of organisation. Do you think that talent
management will impact the organisation like Tesco?
Frequency
a) Yes 40
b) No 10
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a) Yes
80%
b) No
20%
Frequency
Interpretation: It can be integrated from the above mentioned by chart that 80% of individual are in
favour of importance of talent management for organisation.
Question 3: Strategies used in talent management
Q3) In the present business environment there are a number of strategic
opportunities in front of organisation which can be used under this system
of retaining talented employee, according to you what is the best strategy
which can be followed under this in scenario?
Frequency
a) Detailed job descriptions, 20
b) Collaborate-coach-evolve, 10
c) Opportunities for continuous improvement, 15
d) Reward and recognize right 05
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a) Detailed job
descriptions,
40%
b) Collaborate-coach-evolve,
20%
c) Opportunities for
continuous
improvement,
30%
d) Reward and recognize
right
10%
Frequency
Interpretation: It can be interpreted from the above-mentioned graph that majority of individual or
with detailed job description when it is questioned about strategy is to be used for talent management.
Question 4: Advantages brought by talent management for organisation
Q4) What is the major advantage which can be availed by test score by
using talent management?
Frequency
a) Retaining finest talent 20
b) Efficient and effective performance 15
c) Strengthen human capital structure of company 15
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a) Offering the
right benefits
50%
b) Providing on-
going education
and clearing
paths for better
experience
20%
c) Recognition
starting from
recruitment
30%
Frequency
Interpretation: It can be analysed from the above mentioned pie-chart that 50% of the total population
is with favour of offering the right benefits.
Question 5: Benefits of talent management for employees
Q5) Talent management is helpful for employees that what are the benefits
of talent management according to you which can help employee?
Frequency
a) Achievement of job satisfaction 20
b) Enhancement personal skills 20
c) Boosting up confidence and motivation 10
a)
Offering
the right
benefits
50%b)
Providing
on-going
education
and
clearing
paths for
better
experience
20%
c)
Recognitio
n starting
from
recruitmen
t
30%
Frequency
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Interpretation: It can be analysed from the above mentioned frequency that majority of individuals are
with achievement of job satisfaction in ensuring personal skills as a main benefit of talent management to
employees.
Question 6: Initiatives for talent management
Q6) In your point of view, what are some options to start the talent
management initiative in Tesco?
Frequency
a) Maintaining individual identity 20
b) Training and development 15
c) Job rotation 15
a) Offering the right
benefits
50%
b) Providing
on-going
education and
clearing paths
for better
experience
20%
c) Recognition
starting from
recruitment
30%
Frequency
Interpretation: It can be identified that 50% of total population is with maintaining individual identity
as an initiative for talent management.
Question 7: Important strategies to retain talent
Q7) What are the main and effective strategies which can be used to
manage the talented employee in organisation?
Frequency
a) Offering the right benefits 25
b) Providing on-going education and clearing paths for better experience 10
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c) Recognition starting from recruitment 15
a) Offering the right
benefits
50%
b)
Providing
on-going
education
and
clearing
paths for
better
experienc
e
20%
c) Recognition starting
from recruitment
30%
Frequency
Interpretation: It can be identified from the above mentioned information that majority of individuals
are with providing important strategies for attaining talent as offering the right benefits.
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Chapter 5: Reflection
I am glad to get the opportunity of working on the research. The aim of the research topic is to identify
the importance of talent management strategies in order to attract and retain talented employees. Thi8s involve
number of evolution which have to be conducted in order to meet needs and perform task in effective way.
This is based on evaluating talent management as an approach in business firm where I can underst6and about
the concept of talent management. This research is helpful for me to achieve my objectives as well as perform
a function in an appropriate manner. This research also helped me in getting an insight about the concept of
talent management and using it for personal development. The current research helps me in developing various
functions where I can identify the current requirements of the business as well as can develop my different
skills. The skills are related to analytical communication in various other which are required to perform the
future objectives and achieve my personal goals and objectives. By conducting this research, I also get
opportunity to identify various concepts of talent management as well as its importance for the organisation to
achieve better profitability and managing the function appropriately. This also help me in gaining appropriate
knowledge about my future career where I can develop my analytical skills to perform in a better way. this
also helps me in gain thinks done according to needs of researcher and adding this to my experience. I have
learned and analyzed that the talent management is crucial for company in their working environment. When I
was performing this research there are some problems associated with data collection which are faced by me.
These are related to authentication of information and use of information in context of chosen firm\. In order
to eliminate this problem, I use authentic sources for completing this project. Also, the talent of the employees
must be utilized effectively by the employer in order to gain competitive edge. I have faced some of the
problems in collecting the data for the research report but after that I got to know the understanding of the
critical aspects of the talent management. I will rate myself on the basis of this report as 7 out of 10. I have
resolved my problems by prioritizing the work and activities and developing strategies for successful
completion of the project. I also evaluated that this project is helpful in targeting my key strength and
weakness that are essential in order to perform task. After performing this research, I also evaluated that this
will helps me in developing my future career as there are number of opportunities that can be use by me in
order to perform in effective way and achieving business objectives.
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Chapter 6: Conclusion, limitations and recommendations
Conclusion:
It can be concluded from the above-mentioned information that there are various function which are
related to achieving the business objective and has to perform according to the requirements. Environment is
essential for every organisation so that it can easily manage different individuals as well as perform according
to the needs and requirement of current business scenario.
Recommendations:
After analyzing the above information there are some recommendations which can be followed by Tesco to
achieve its objective.
 Recommended to test code that it has to use an appropriate training and development policies in order
to manage the talented employee as well as increased their skills and abilities.
 It is also recommended that organisation should use an appropriate theory of leadership which will
help in improving functions of employees as well as guiding them toward the organizational goals and
objectives.
 In last, recommended to the organisation that it has to follow an appropriate system which will allow
motivating the employee and retaining them for a long period of time.

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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.
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