Identification of Talent management practices for improving organizational performance

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PROJECT PROPOSAL FORM
Date...............................
Centre Name......................................................
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Proposed Title ..........................................................

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Section One: Title, aims, objectives
TITLE: Identification of Talent management practices for improving organizational performance
Aim and objectives
Aim: The aim of conducting this study is “To identify best talent management practices for increasing
productivity. Study on Marks and Spencer.
Objectives
 To discuss the concept of talent management.
 To discuss benefits of managing talent within organizations.
 To explore strategies of managing and retaining skilled employees within business.
 To suggest best ways of talent management for improving overall performance of Marks and
Spencer.
Section Two: Reasons for choosing this project
The main reason of selecting this topic is to help retailers in increasing staff retention
rate by making use of effective strategies for managing talent. Increased staff
retention can make beneficial to employees and employers and it will provide
ultimate benefits to customers. So, as per its wide scope and for increasing
knowledge regarding this, talent management topic has been chosen.
Section Three: Precedents and sources
Concept of talent management
As per the Mihalcea, (2017) talent management is all about attracting and retaining
employees who are skilled and experienced. When employees tend to be happier at
workplace and like to come office daily and perform their functions in an effective
manner then it is known as talent management.
Benefits of talent management
Barzantny and Clapp-Smith, (2021) stated that talent management can improve image of companies in the
market. By managing talent and retaining staff within business, employers can grab attention of customers
and can satisfy them.
Ways of managing talent
According to the Thunnissen and Gallardo-Gallardo, (2017), rewards to employees and performance
appraisal are known as one of the best strategies or ways by which companies can manage their skilled
employees. By providing rewards, companies can boost confidence of employees and can encourage them
for staying within business.
Section Four: Activities and timescales