Analysis of Talent Management Strategies at Marks and Spencer

Managing successful
business project

Table of Contents
Title..................................................................................................................................................1
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Project aim and objectives..........................................................................................................1
A project management plan........................................................................................................4
Produce breakdown structure and Gantt chart:...........................................................................6
Small-scale research to meet project aim and objectives............................................................6
Presentation of findings and data................................................................................................9
Communicate appropriate recommendation.............................................................................12
Reflect value for undertaking project........................................................................................12
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................14

Title
“ To analysis various key strategies and approached used by the company in order to
attract and retain talented employees. A case study on Marks and Spencer”
INTRODUCTION
To make business successful and sustainable in the market place it is necessary for the
organisation to adopt and implement certain strategies and approaches so that goals and
objectives of an organisation can be achieved in adequate manner. In which attracting and retain
within the company as workforce is the essential aspect which have been turn plan into action
and make it successful. Talent management is refers to the systematic procedure which is
undertaken by the company to attract and retain talented and skilled employees within
organisation while providing them motivation and training in order to enhance their performance
(Polonsky and Waller, 2018). This is associated with the development of motivated workforce
which is going to retain within organisation for longer period of time. This is also define as then
strategic process of getting right people at right position and helping them in growing to their
optimal capabilities which is aligned with company's policies and objectives. It has a positive
impact over the company as with support of this key responsibilities are going to perform and
controlled in effective manner. The below report is based on the Marks and Spencer group Plc
which in a British based multinational retailing company with headquarter in London, England.
This company deal sin clothing, home products and food products. This report is consisting of
the project plan and its implementation along with reflection with support of small-scale
research.
MAIN BODY
Project aim and objectives
overview of research: the below report is based on the talent management which is define
as the process of attracting and retaining skilled and quality of employees while improving their
capabilities and knowledge. With support of this company is able achieve its standardised goals
and objectives as this help in to enhance overall performance of an organisation. With the
perspective of marks and Spencer, it management has worked for emphasis of talent
management through which they are effectively attracting and retaining talented employees for
longer period of time which leads to encouragement in overall productivity. In this working
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abilities and knowledge enhanced on constant which maintain motivation level within employees
so that they feel engaged with company (Gurca, and. et. al., 2020). Marks and Spencer is
multinational organisation that has been operating in the very large scale, so it is essential for
company to formulate and implement various strategies and approaches. So that, their ability to
attract and retain quality of employees has been increased in effective manner.
Aim: “To analysis various key strategies and approached used by the company in order to attract
and retain talented employees. A case study on Marks and Spencer”
Objectives:
 To evaluate the concept of talent-management within organisation
 To determine various strategies and approaches use by Marks and Spencer for retaining
and attracting employees To analyse various key challenges in performing talent-management
Research question
 What is the concept of talent-management within organisation?
 What are the various strategies and approaches use by Marks and Spencer for retaining
and attracting employees? What are the various key challenges in performing talent-management?
Literature review
What is the concept of talent-management within organisation?
As per the view point of Susan white, 2019, Talent management is refers to the
systematic method which has been determining the various vacant position in the organization
and have suitable candidates for the vacant positions. It has been associated with the
development of the major skills and expertise of the candidate in order to match the desire job
role through which employees will be retained within organization for the longer period of time
along with this objective are achieved in effective manner. There are various stages or steps in
the talent management process which are implemented by the organization which is known as
talent management model (Buttrick, 2018). In addition to this process of managing talent is
defined as the capacity or ability of managing the quality e and competency of employees in an
organization through various approaches. The talent management process is not restricted to only
hiring of right candidate at right place but it encompasses more larger area such as initiatives
taken by HR of the company for improving skills and capability of the employees along with
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motivation so that desirable results can be obtained in a effective manner while encouragement it
in employee performance. This is essential aspect for the company as in today’s modern
organization it is challenging to recruit best available people because of the extreme competition
and several factors that impact the labor market. So for this talent management is the adequate
strategy that that offers the best suitable solutions to the organization while ensuring that the
employees will meet best level of productivity and commitment which will going to benefit
organization in accomplishment of goals and objectives.
What are the various strategies and approaches using by organisation for retaining and attracting
employees?
As per the view point of Karim Ansari, 2021, the concept of talent management is all
about the organization dedication for retaining and attracting the talented employees within
organization in order to increase or productivity. For this there are various strategies and
approaches used by the company for the better implementation of talent management and some
of them are discussed below as:
Understand the power of job description: This is refers to a simple strategy but this is also
essential as this has been representing the company in front of candidates (Pramanik, Mondal
and Haldar, 2020). A concise job description outline that what a company expect from
candidates in which it has been in views some specifications suggest job title overall duties
necessary skills work relationships salary and benefits etc. Through this company will get the
right people for the right position which is important factor in talent management.
Assess candidate culture fit: After creating write job description it is necessary for the
company to select the candidates which are more suitable for the organizational culture. So that
they will get indulge in the organizational working environment through which they will sustain
for the longer period of time. Along with this right culture also important for employee for the
better and higher performance which leads to achievement of targets and objectives.
Provide continuous training and development program: Training is refers to the
development of potential of the employees in which this skills and knowledge get improve in
effective manner. It is necessary to maintain the motivation level employees for their longer
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sustainability as this includes regular meetings to discuss the areas which need to be improved
and this provide overall development to the work force.
Rewards and recognition: Along with training, rewards and recognize is also play a vital role in
maintenance of the employees (S.C. and Haldar, 2020). Through this employee feels appreciated
and valued which enhance the motivation level along with engagement within organization.
What are the various key challenges in performing talent-management?
As per the view point of Top Echelon, 2020, Carrying out talent management in an
organization is not always easy as there are many problems and issues which come up while
implementing talent management process. Some issues and challenges are discussed below as:
Poor hiring strategy: Talent management is started with the feeling of position with
quality and talented candidate in which strong staffing management plan is important aspect as
without this company can face several difficulties and challenges in implementation of talent
management in a proper manner (Dagnino, 2021). In this company must know where to start
sourcing and how to attract a right and appropriate candidate for the specific job role.
Ineffective leadership: Strong leadership is an important aspect for talent management as
this is considered as the basis of this. Because of the ineffective leadership employees did not get
right guidance direction and motivation in developing their talent and abilities (Tsai, 2021).
Along with this, it has been also impact the overall productivity of company. Without effective
leadership a company cannot execute talent management in adequate manner.
Inexperience with technology: Automation and technology is necessary for the
simplifying and smooth running of business operations. There are very fast Upgradations and
changes technology in which existing employees are not having the knowledge about new
technology advancement in organization and because of this effectiveness of talent management
get reduced.
A project management plan
Project management plan is define as the formal documentation which that has been used
for analysing that how the project is going to carry out to obtain desirable results. This is
associated with the various aspects that area essential for the implementation of plan into
successful action with right path, it includes scope, budget, time, cost etc. it is consist of various
set of targets and objectives that have to be accomplish in given period of time. It is plan which
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