Talent Management Strategies Used by Organizations to Attract and Retain Employees
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Added on 2023/06/17
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This report explores the talent management strategies used by Marks and Spencer to attract and retain employees. It includes a literature review, project management plan, work breakdown structure, research methods, presentation of data and findings, communication of recommendations, reflection, conclusion, and references.
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Table of Content Introduction Project aims and objectives Literature Review Project management plan Work breakdown structure and Gantt chart Research Methods Presentation of the data and findings Communication of the recommendations Reflection Conclusion References
Introduction Workforcetransformationishavingproceduretomakeeffective improvement of skills and abilities of employees that is required to make strategy in order to accomplish laid aims and objectives. In this report,thecompanyisselectedMarksandSpencerisoneof multinationalretailpremiumbusinesswhichmakesprovidehigh quality of products and services.
Project Aim and Objectives Aim: ““To analyze the talent management strategies used by organizations to attract and retain employees”. A study on Amazon. Objectives: •To understand the concept and role of talent management within an organization. •To determine the talent management strategies used by Amazon to attract and retain employees at workplace. •To examine the challenges faced by Amazon while implementing talent management strategies within the organization.
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Literature Review To understand the basic concept of workplace transformation in Marks and Spencer. According to the Calgar., 2020. The business leaders have to work on certain objectives which make realising can be ups killings of employees to may contribute towards accomplishment of the specific business related objectives.There is also redesigning the jobs an also provide positive base of environment. In perspective of Marks and Spencer on which they tries to bring some workplace innovation such as equipment’s which are digitalised operates to generate positive outcomes. Hiring and selection of new employees by mapping innovative skills set of employees by using towards variants. The workforce transformational to bringing new learning and work opportunities which leads to effective improvement of skill sets
Project Management Plan Itisrefersaboutitregardstowardstheformaldocumentationinwhichinvolves information that is related to activities performed, associated, cost manpower and other better associate within effective information. It assists researcher to identification of significant factor of process execution in projects. There are some of elements which mentioned below: Scope:The implementation of talent management, training and development and performance appraisal to gain process to accomplishing themselves. The scope of Marks and Spencer can achieve their higher growth as per their perspectives. Cost: It is important factor that helps to make researcher in implementation of research activities. The managers of Marks and Spencer are making adequate to ensures all the activities which taking place as per the requirement of cost effectiveness.
Continue… Resources:It is a basic requirement that motivate researcher to implement the study in a proper manner. It is analyzed that having sufficient resources that is funds, capital, members etc. motivate researcher to implement activities. Communication:Thiselementdeterminestheresourcesandtoolsthatwillbeusedfor communicating the data gathered from the investigation along with the activities conducted through it.
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Work Breakdown Structure and Gantt Chart It is regarded as project management tool that is mainly used for the purpose of generating the activities as per requirements of various tasks of the present study.
Continue… It is a bar chart that illustrates the projectscheduleineffective manner.Itisregardedasthe graphicalrepresentationthat assist in the scheduling of project. Horizontalaxisrepresentsthe project activities that is required for completionofspecificactivities that are mentioned on the vertical axis
Research Methods Qualitative Research method: It is referred is a method where data is available about theoretical manner. Quantitative research method: According to this data which is collected in the form of numerical and athematic manner. Primary method: It is defined about the method of collecting data and here in researcher gather information which is original in nature. Secondary Method: There is defined about researcher where they gather the information which exist in books, internet, articles etc.
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Q1. Do you posses understanding of the concept of workplace transformation in Marks and Spencer? Frequency a) Yes22 b) No8
Communication of the recommendations Some of the recommendations highlighted in mentioned below: •By using some managerial tools such as Employee Engagement, Training and Development and Performance Appraisal helps to improvise their employees work efficiency. It also develops keeping pace to constant change.
Reflection Itisanalyzedbyconductingthestudythattalentmanagementplaysvitalrolewithinan organization as it assist in raising performance, productivity and profitability of an organisation. During the study, the task of collecting data through questionnaire assist me in gaining knowledge about research topic and to develop meaningful conclusion as well. In addition to this, I learned aboutvariousskillsthatisdataanalysis,datainterpretation,communicationskills,time management and so on
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Conclusion It is concluded from above mention aspects that workforce transformational is a very important element that can help in the process of achievement of laid aims and objectives. There are many challenges that are arsing in the organisation related with workforce transformation that has to be dealt in order to manage its long term impact on the overall organisation functioning.
References Abdullah, N.A., 2018. Talent management impact towards employee retention. Alferaih, A., 2017. Developing a conceptual model to measure talent’s turnover intention in tourism organisations of Saudi Arabia. International Journal of Organizational Analysis. Anlesinya, A. and Amponsah-Tawiah, K., 2020. Towards a responsible talent management model. European Journal of Training and Development. Balcerzyk, R. and Balcerzyk, D., 2018. Talent management in the context of human capital. European Journal of Service Management, 28, pp.35-46. Cascio, W.F. and Aguinis, H., 2018. Applied psychology in talent management. SAGE Publications.