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Talent Management Strategies for Employee Retention: A Case Study on Best Food Logistics

   

Added on  2023-06-18

26 Pages5374 Words440 Views
Leadership ManagementProfessional DevelopmentHigher Education
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Managing a successful
business project
Talent Management Strategies for Employee Retention: A Case Study on Best Food Logistics_1

Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
TASK ..............................................................................................................................................4
Task 1 ..............................................................................................................................................4
Part A. Project Planning...................................................................................................................4
Project management plan............................................................................................................5
Part B – Conducting research..........................................................................................................7
Small-scale research with the application of primary and secondary methods which is
appropriate for meeting project aims and objectives..................................................................7
Questionnaire..............................................................................................................................8
TASK 2..........................................................................................................................................10
Findings.....................................................................................................................................10
TASK 3..........................................................................................................................................15
Reflective practices...................................................................................................................15
CONCLUSION..............................................................................................................................17
REFERNCES:................................................................................................................................18
Books and Journals:..................................................................................................................18
Online........................................................................................................................................19
Talent Management Strategies for Employee Retention: A Case Study on Best Food Logistics_2

Talent Management Strategies for Employee Retention: A Case Study on Best Food Logistics_3

INTRODUCTION
The research aims to deliver the significance of talent management strategies in order to
resist with the challenges in employee retention. Talent management is a vital practice for
organisation which influence on engaging right talent at right position within the organisation. It
becomes crucial for the companies to have talented and skilful employees in order to fulfil the
aim of organisation to work in society. Small-medium enterprise works on narrow level and
require capable employees ho could be reason for companies expansion by giving effective
contribution of talent, capabilities and interpersonal skills(TETIK, 2017). This research is going
to carry out a business case on Best Food logistics, the company was founded in the year 1999
and carrying out their operations in UK (Best food logistics and supply chain, 2020). The
company deliver best logistics facilities and supply chain solutions for restaurants, hotels and
other hospitality outlets. Therefore, The company require the best people to serve work on their
aims. Talent management strategies plays a vital role in identifying what employees want and
expect form the organisation that keeps them loyal and motivated towards working.
MAIN BODY
TASK
Task 1
Part A. Project Planning
Research topic: “To identify various key strategies in order to resist with the challenges of
talent management”.
Research Aim:
To identify key strategies of talent management in order to attract and retain skilful
employees”. A case study on Best Food Logistics.
Research Objective:
To understand the concept of talent management.
To examine the significance of talent management for organisation success.
To identify various challenges which could get resist through strategies of talent management.
To examine key strategies and ways of implementing talent management strategies within
organisation.
Talent Management Strategies for Employee Retention: A Case Study on Best Food Logistics_4

Literature review
According to viewpoint of (Abdullahi, Raman, and Solarin, 2020) talent management is an
integrated part of leading business sanitisation. It describes the need of talented employees who
could raise the present and future position of the company in terms of profitability, brand
integration and market capture. A skilful individual will be an effective resources of an
organisation that wants to survive in long run and serve society best products and services. It is a
process of identify employees behaviours, needs, wants and expectation from the organisation
which keeps them motivated and loyal in this competitive market. There are many firms and
large companies who provide many benefits, incentives and support to employees that attract
effective people. So that, there is much competition among the organisations to find capable
and cheap talent that covers companies cost, recruitment overheads and employees turnover
ratio that will be beneficial for maintaining brand reputation (Kamoche, and Leigh,2021).
Talent management is significant for overcoming various challenges which comes under talent
management planning. These challenges could reflect upon less motivating factors, ineffective
trainings, lack of appreciation and reward system in organisation or negative working
environment. These would lead to loose employees interest for the job role and may result in
separation. There are many strategies that are meant to support talent management planning for
companies. Providing good job role, high pays and remuneration with extra incentives, employee
welfare about health and family, good training and overall support at workplace plays crucial
role in managing talent within organisation. As these talented and skilful employees are active
and seeks better opportunity into market. Therefore, the best food logistics needs to enhance their
strategies and resit with the challenges for acquiring talent(Theys, and Schultz, 2020). As they
provide transport and logistics supply chain solution which require people with creative mind
and hard working personality so that, manage of talent is necessary as business environment is
dynamic and may lead to rise uncertainties and competition which could only be overcome with
the support of effective employees.
Project management plan
project management plan is an essential part of carrying out research or finding out some
concepts, ideas in both theoretical and practical manner. It implies all the essential stages of a
project that may create hurdles in delivering out a successful project. It works as a guidance for
Talent Management Strategies for Employee Retention: A Case Study on Best Food Logistics_5

the organisation about business practice and seeks for opportunity before it fades away.
Therefore, the Best good logistics have their local operations across UK and it works on small
level so that, there could be many consequence may face during research (Swann, 2018). There
are many components of project management through which it gets complete under all the risk
and cost control. There is a specific time ascertained for working on projects so that, the
organisation would not loose its originality and get save for losses.
Time: Time is the most crucial component. The project must be deliver and complete
within a limited period to maintain its accuracy. Work should be complete on time to get the
desired results and perform activity. Therefore, this project takes 5 months to accomplish its aims
and objectives.
Cost: This component is the major and crucial for the project completion. A researcher
needs to maintain costs at least level so that, the objectives must be complete effectively. The
projects must be worked under the pre-determined budget and the strategies must frame in
according to that manner. This projects cost under $500.
Quality: Quality is the main crucial factor in project management,. The researchers needs
to focus on the quality of project it describes accuracy, reliability and applicability at various
level of project research. Therefore, the research focus on utmost quality of this project to
ascertain effective result of the research (Bigorra Puente, 2017). It gives fair and logical results
that is necessary of the outcome of project.
Scope: It describes the reach of project at what segments and how it will be useful at
external environment. The scope fro talent management in order to retain employees is wide and
as it is applicable across all the business firms who works for long term profitability and
competitiveness. Therefore, this research currently works on UK market which shows there are
much competitiveness due to which employees have many job opportunities. The strategies will
be helpful for the Best Food Logistics as it will work as guidance to take what actions which are
in favour of company.
Communication: It is a necessary component as communication elements confusion an
and generating of clear ideas through sharing thought of one another, therefore, this researcher
will communicate to people, employees in order to conduct primary research. The effective
ways of communication are E mails, phones call and social media platforms to interact directly
with the population.
Talent Management Strategies for Employee Retention: A Case Study on Best Food Logistics_6

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