Talent Management Strategies for Attracting and Retaining Employees

This report explores the talent management strategies used by the best companies to attract and retain people. It focuses on the talent management process in Sainsbury's and includes a project management plan, work breakdown structure, and Gantt chart. The report also discusses the challenges and strategies associated with talent management in Sainsbury's.

Talent management
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Table of Contents
Title: What talent strategies do the best companies use to attract and retain people?.....................3
Introduction......................................................................................................................................3
TASK 1............................................................................................................................................3
P1) Aims and objectives of the research................................................................................3
Aims and objectives of the research.......................................................................................3
Literature review..............................................................................................................................4
P2) Project management plan for the research.......................................................................7
Project management plan for the research.......................................................................................7
P3) Work breakdown Structure and Gantt chart....................................................................8
Work breakdown Structure and Gantt chart...........................................................................8
TASK 2..........................................................................................................................................10
P4) Small scale research with the help of qualitative and quantitative research..................10
Small scale research with the help of qualitative and quantitative research..................................10
TASK 3..........................................................................................................................................11
P5) Analysis of the data with the help of various tools and techniques...............................11
P6) Recommendations..........................................................................................................20
TASK 4..........................................................................................................................................22
P7) Reflection on the values while undertaking the research...............................................22
CONCLUSION..............................................................................................................................23
REFERENCES..............................................................................................................................24
APPENDIX I.................................................................................................................................26
APPENDIX II................................................................................................................................28
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Title: What talent strategies do the best companies use to attract and retain
people?
Introduction
Talent management is regarded as the various practises that are required for the purpose of
managing different functions that are related with managing human resource functions at work
place. It is an approach that includes ample activities that is hiring of employees, selection and
further motivating employees so that they can retain them for longer time period (Thunnissen
and Gallardo-Gallardo, 2017). It can be said that talent management strategies are very helpful
for the purpose of retaining employees for longer time period that can offer a wide range of
accessibility of talented workforce in the organisation. The report signifies the overall
importance of talent management process for the purpose of retaining employees for longer time
period.
TASK 1
P1) Aims and objectives of the research
Aims and objectives of the research
Aim: “To identify different talent strategies do the best companies use to attract and retain
people”. A study on Sainsbury’s.
Objectives of the research:
1. To evaluate the basic talent management concept in Sainsbury’s
2. To formulate suitable strategies of talent management in Sainsbury’s for attracting and
retaining of employees
3. To analyse some challenges associated with implementation of talent management process
in TESCO.
Questions:
 What do you understand by the concept of talent management process in Sainsbury’s?
 What are some of suitable strategies of talent management in Sainsbury’s for attracting
and retaining of employees?
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 What can be some challenges associated with implementation of talent management
process in TESCO?
Literature review
The basic talent management concept in Sainsbury’s
As per view points of Ghosh (2021), Talent management practises have to be evolved as per
changing needs of the organisations (Lesenyeho, ., Barkhuizen and Schutte, 2018. Talent
management identified as the methodically describe the process of getting right employees that
can help in optimal capabilities for having effective contribution towards organisation.
(Source: TALENT MANAGEMENT, 2016)
In Sainsbury’s this talent management process is used as a approach of optimisation of traits,
skills and employee expertise in the organisation (Filippus and Schultz, 2019). There are some of
the key steps that include planning, attracting, selecting, developing, retaining and further
transition of the workforce with collective transformation and evolution through growth of
individual employees.
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(Source: TALENT MANAGEMENT, 2016)
Suitable strategies of talent management in Sainsbury’s for attracting and retaining of
employees
(Source: TALENT MANAGEMENT, 2016)
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There are some of the suitable strategies that are to be used in retail sector organisations for the
purpose of enhancing the process of talent management. It includes formation of detailed job
descriptions that helps in sourcing of talented workforce with having generic job descriptions so
that there can be acquisition of talent (Fajcíková, Urbancová and Kucírková, 2018). There is
development of organisation as that helps in defining the way work is to be done in the
organisation as there is good for as per organisational values. Further there can be use of
collaborative and coaching strategies that can help in creating culture of mentoring and
collaboration. Further there can be constructive feedback that can assist in the process of
development of skills and required expertise. There is need of recognition and rewards that can
be used to motivate and engage employees for better outcomes.
In Sainsbury’s there can be offering of continues improvement so that organisation can be
envisioned with right tools to maximise their present potential level. Talent management process
also involves strategic planning of various career paths so that there can be improvement of
retention scores (Ogbari and et.al., 2018). The ultimate aim of talent management process in
retail sector is to manage the overall associated cost of retaining employees and reduction of the
overall employee turnover. This objective can be achieved by having effective talent
management process.
Some challenges associated with implementation of talent management process in
Sainsbury’s.
As per view points of echelon (2018) there are some of the challenges that are associated with
having effective talent management process. Such as there can be issues associated with poor
hiring strategies. In Sainsbury’s there can be difficulty in having effective talent management
process as organisation have to perform the function of effective sourcing of candidates but
sometimes it is difficult to get a candidate as per requirements of the vacant position
(Baporikarand Smith, 2019). Another challenge is associated with automation process because
sometimes there is inexperience of technology because of simplification or streamlining of
overall business operations. Apart from this there are also issues that are related with ineffective
leadership as basis of talent management process (Ali and Guha, 2018). Top employees and
managers have to take the role in development of workforce as per specific associated functions
of the organisation. Ineffective leadership is also a challenge that may possess an impact on the
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present functioning of talent management process. There is no successful implementation there
can be difficulty in having required turnover rates.
Another associated challenge is higher employee turnover that is associated with effective
functioning of overall workforce that may affect the entry level employees as there is need to
retain and train employees (How Recruiters Can Help Solve Talent Management Challenges,
2018).
P2) Project management plan for the research
Project management plan for the research
Plan is related to different phases of the project that have to be identified. It facilitates the
researcher in controlling, guiding & monitoring various activities of project (Danie,, 2018).
There are different components that are part of project management plan that includes caused
communication scope resources quality and many others. The project management plan for this
project is mentioned below:
Cost: For the purpose of conducting research investigator there is need of various resources
(Kerzner, 2018). This purpose there is financial resources that are required for conducting the
survey, travel cost, management cost, equipment cost associated with the project.
Scope: The scope of present report is the overall outcome that will be helpful for retail sector
organisations. Recommendations can help in formulating different strategies for managing the
talent management process. It will also help in improving the present performance of
organisation for the purpose of managing the workforce.
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Time: It important for the researcher to identify the specific time frame in which the overall
project has to be completed (Nayak and Singh, 2021). For the purpose of completing present
research will be requirement of four weeks in order to allocate time limit for various activities
that is data collection and data analysis. It will help in ensuring the project gets completed at
specified time period.
Quality: To ensure high quality of the overall outcomes and project it is necessary to consider
that information is gathered are from authentic sources. Researcher will ensure that there are
high quality charts that can help in proper comparison of information.
Communication: while there is undertaking the report researcher has to communicate over all
outcomes of the project manage to track the progress. In these different methods for
communicating includes emails, video conference reports and other telephonic discussions.
Risk: The investigator has to ensure that overall resources have to be mitigated as per faced by
the investigator in undertaking the project (Brewer and Dittman, 2018). For the purpose of timely
completion of project there is requirement to consider various techniques that is work breakdown
structure and gantt chart. It will help in dealing with technical risk that may arise at the time of
collecting the data and different methods through which risk has to be resolved in future.
P3) Work breakdown Structure and Gantt chart
Work breakdown Structure and Gantt chart
Work breakdown structure is a basic technique that will help investigator in dividing the whole
project in small manageable parts (Kerzner, 2017) . It will facilitate in determination of suitable
activities that have to be performed so that there can be allocation of resources as per specific
abilities of team members. Its helps in identification of different activities simultaneously as per
each stage in case of present research report.
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Gantt chart is a very effective technique that can help in identification of specific time limit that
has to be allocated to each activity in the course of a research work (Sońta-Drączkowska and
Mrożewski, 2020). There are various activities that have to be allocated on the vertical axis and
horizontal axis. The project managers have to determine the status of project completion by
completing it in the allotted time frame.
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TASK 2
P4) Small scale research with the help of qualitative and quantitative research
Small scale research with the help of qualitative and quantitative research
Research is a basic systematic study that can help in identification of different methods for
collecting data and information (Brown, 2017). Research methodology provides information of
various techniques and tools that can facilitate in collecting analysis and further interpretation of
information.
Primary method: it includes first time information that has to be collected from investigator as
per requirement of research. In present research, there is questionnaire used as a tool that is used
for the purpose of analysing the viewpoints of respondents.
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Secondary method: It includes information that has to be collected from existing secondary
sources of information. In this data has to be interpreted by collecting it from online available
sources from online articles to further reach to relevant recommendations and conclusions.
Qualitative method: It includes the method in which data has to be expressed as exploratory
research work (Papke-Shields and Boyer-Wright, 2017). There are different questions that are to
be formulated in the course of research work and asked to respondents in order to analyse
various questions related with the laid aims and objective.
Quantitative research method: It includes method in which information has to be collected in
the form of numbers and graphs (Mainga, 2017). In this research work information is expressed
through questionnaire method and through various graphical representation methods.
In present Course of presentation there is use of both qualitative and quantitative method of
information for the purpose of collecting the data and for the analysing it. In this course a set of
40 employees randomly selected from Sainsbury’s was working at different levels to analyse
their viewpoints with respect to the talent management strategies.
TASK 3
P5) Analysis of the data with the help of various tools and techniques
Q1 Do you have basic understand of the talent management aspect? Frequency
a) Yes 30
b) No 10
Q2 According to your view point, what are different talent strategies for
Sainsbury’s to attract and retain people?
Frequency
a) Offering of competitive salary 7
b) Better allowances 6
c) Proper commitment from top management 7
d) constant improvement 21
Q3 Do you believe that talent management strategies can help Sainsbury’s Frequency
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achievement of competitive advantage in long run?
a) Yes 36
b) No 4
Q4 What is the benefit of talent management strategies for Sainsbury’s? Frequency
a) Strengthening of present competitive situation. 4
b) Improving the present customer satisfaction. 16
c) Balancing the market image 9
d) Effective process of cost management. 11
Q5 What is the basic relationship in talent management strategies & the
process of satisfaction of employee?
Frequency
a) Positive relationship 25
b) Negative relationship 10
c) Neutral 5
Q6 What are the some of the issues that are associated with talent
management strategies in Sainsbury’s?
Frequency
a) Dissatisfaction customer base 12
b) Higher employee turnover 10
c) Negative employee mind set 18
Q7 What are the different talent management strategies overcoming the
issues of Sainsbury’s?
Frequency
a) Improving the process of TQM 20
b) Offering high quality in products and services 10
c) Collecting timely feedbacks from the customers 10
Q8 What are some of the basic principles of managing the present process
of talent management?
Frequency
a) Effective communication process 13
b) Fast decision making 10
c) Enhancing the overall process of employee commitment 17
Analysis:
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Q1 Do you have basic understand of the talent management aspect? Frequency
a) Yes 30
b) No 10
Interpretation: It is interpreted from the above graph that while it was questioned to 40
respondents about the concept of talent management aspects. 30 respondents had a positive view
point and remaining 10 responded in a negative manner as they do not possess understanding
about talent management process.
Q2 According to your view point, what are different talent strategies for
Sainsbury’s to attract and retain people?
Frequency
a) Offering of competitive salary 7
b) Better allowances 6
c) Proper commitment from top management 7
d) constant improvement 20
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Interpretation: From the above presented graph when it was questioned to 40 respondents about
benefit of talent management practices. 7 respondents felt that it can help in strengthening the
present competitive situation, 6 respondents felt that there can be offering of Better allowances,
other seven respondents felt that there can be Proper commitment from top management and
remaining 20 felt that there can be constant improvement in Sainsbury’s.
Q3 Do you believe that talent management strategies can help Sainsbury’s
achievement of competitive advantage in long run?
Frequency
a) Yes 36
b) No 4
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Interpretation: From the above mentioned graph while it was questioned to 40 respondents
about talent management strategies that can help Sainsbury in achievement of competitive
advantage. 36 respondents had a positive viewpoint and remaining four had a negative response
as they didn’t believe that talent management can help in achieving competitive advantage.
Q4 What is the benefit of talent management strategies for Sainsbury’s? Frequency
a) Strengthening of present competitive situation. 4
b) Improving the present customer satisfaction. 16
c) Balancing the market image 9
d) Effective process of cost management. 11
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Interpretation: While it was question to 40 respondents about different talent management
strategies in Sainsbury to attract and retain employees. Seven respondents had a view that there
can be competitive salary, 6 Respondents felt that there can be better allowances. 7 respondents
out of 40 felt that there is requirement of proper commitment from top management and
remaining 21 had a viewpoint that it requires constant improvement.
Q5 What is the relationship between talent management strategies and
employee satisfaction & retention?
Frequency
a) Positive relationship 25
b) Negative relationship 10
c) Neutral 5
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Interpretation: From above mentioned it was questioned to 40 respondents about the
relationship between talent management and employee satisfaction process. 25 respondents had a
view that it is going to lead towards positive relationship other than respondents felt that there
can be a negative relation and remaining five felt that there is no such relationship between talent
management and employee satisfaction.
Q6 What are the some of the issues that are associated with talent
management strategies in Sainsbury’s?
Frequency
a) Dissatisfaction customer base 12
b) Higher employee turnover 10
c) Negative employee mind set 18
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Interpretation: From the above graph while it was questioned to 40 respondents about issues that
are associated with talent management strategies. 12 respondents felt that there can be
dissatisfaction of present customer base; other 12 respondents felt that there can be higher
employee turnover and remaining 18 felt that there can be development of negative employee
mind set.
Q7 What are the different talent management strategies overcoming the
issues of Sainsbury’s?
Frequency
a) Improving the process of TQM 20
b) Offering high quality in products and services 10
c) Collecting timely feedbacks from the customers 10
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Interpretation: From the above discussed graph when it was question to 40 respondents about
the various talent management strategies that can help in overcoming the issues. 20 respondents
felt that there can be improvement in the present total quality management practices. 10
respondents felt that there can be high quality products and services while remaining 10 felt that
there can be collection of timely feedbacks.
Q8 What are some of the basic principles of managing the present process
of talent management?
Frequency
a) Effective communication process 13
b) Fast decision making 10
c) Enhancing the overall process of employee commitment 17
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Interpretation: From the above mentioned graph while it was questioned to 40 respondents
about basic principles of managing present process of talent management. 13 respondents felt
that there can be effective communication process other 10 felt that there can be faster decision
making and remaining 17 out of 40 felted there can be focus on enhancing the employee
commitment level.
P6) Recommendations
Based on the above made analysis there are some of the recommendations that are suggested for
Sainsbury’s in order to deal with the challenges associated with talent management process:
Translation of goals into human assets: it is suggested from the above discussion that there is
need to measure the overall Human assets that can help in assignment of new roles in the course
of organisational function. For this purpose there is requirement to identify the new rows that
have to be created as per the changing external environment.
Fine tune job description: It is very important to analyse the job descriptions that go beyond
recruiting. Managers in Sainsbury’s have to analyse the performance and assess when the
training is required so that employees are provided time the opportunities of development.
Keeping a forefront culture: In Sainsbury’s it is very important for the organisation to keep a
culture that can help a unique and interesting perspective that can help in having effective
planning process.
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Attract develop motivate and retain: It is very important for the purpose of having talent
management process to enhance the overall employee performance.
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TASK 4
P7) Reflection on the values while undertaking the research
In the course of performing the present research work I had to face some of the difficulties that
are associated with arranging different sources in order to collect the reliable information. In the
present research work I collected different information from both primary and secondary sources
that included literature review and questionnaire to analyse the responses of employees presently
working in Sainsbury. It helped me in identification of employee viewpoints in context of talent
management strategies in the organisation. Based on the study I also analyse different issues that
can possess a direct impact on the employee performance.
I focused on communication skills that helped me in understanding the different points of
respondents while collecting the required information. I focused on my existing conflict
management skills to develop proper quality outcomes and collaboration among various team
members who were part of the whole Research report. But in the course of research I had to deal
with some of the major issues that was related with presentation skills and forming emails. I had
to learn the skills of having effective written form of communication in form of notice and report
writing. Another major problem that I was dealing is related to employee responses. There were
also some of the issues that arise in the course of managing the data efficiently and effectively.
For this purpose I came to a conclusion that there is need to use thematic analysis techniques as a
part of data representation in the course of present is research. Apart from this I focused on
improving my leadership and mentoring skills that is going to assist me in future course of
research work. I realise the importance of different policies and strategies that is required to
manage the present work force and developing effective techniques to interpret the data.
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CONCLUSION
From the above discussed aspects it is concluded that organisation has to consider
different aspects of talent management strategies in order to maximize the effectiveness of
present workforce. It is very important to treat employees as a most important asset in the
organisation because they contribute towards achieving the overall lead mission and vision. In
the present research there has been application of project management plan that helped in
identification of different activities. There was also use of various techniques of work breakdown
structure and can start that assisted in timely completion of work. There are different qualitative
and quantitative research methods that also has been collecting of required data and reaching
towards Generation of solutions by making the required level of analysis.
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REFERENCES
Books & Journal
Online:
TALENT MANAGEMENT, 2016 [online], Available through<
https://www.toolbox.com/hr/talent-management/articles/what-is-talent-management/>
How Recruiters Can Help Solve Talent Management Challenges, 2018 [online], Available
through<https://www.topechelon.com/blog/recruiting-software-solutions/talent-management-
challenges-issues-problems/>
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