Talent Management Strategies for Attracting and Retaining Employees

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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