Unit 6 Project Planning: Talent Management Strategies of Margot Bakery

This project aims to evaluate the talent management strategies used by Margot Bakery to retain its employees. The project management plan, work breakdown structure, and Gantt chart are discussed. Primary and secondary data collection methods are explained with a literature review on talent management.

Unit 6 Project Planning

Table of Contents
Table of Contents.............................................................................................................................2
MAIN BODY...................................................................................................................................3
1. Aim and Objectives.................................................................................................................3
2. Project management plan.........................................................................................................3
3. Work Break Down Structure and Gantt Chart.........................................................................4
4. Primary Data............................................................................................................................7
Questionnaire...............................................................................................................................8
5. Explaining secondary data with literature review on talent management...............................9
6. Present findings and analysis of results.................................................................................11
7. Recommendations as how the business can be developed further........................................15
8. Reflection...............................................................................................................................16
REFERENCES..............................................................................................................................17

MAIN BODY
1. Aim and Objectives
Aim
The aim of this project is as follows:
To evaluate the talent management strategies used by organizations to employee retention. A
study on the Margot Bakery
The project aims to identify the various talent management strategies which are used by
organizations such as Margot Bakery to retain its employees.
Objectives
The objectives derived from the aim of this project are as follows:
 To evaluate the various talent management strategies used by organizations
 To analyse the impact of talent management strategies on the employee retention in the
companies.
The aims and objectives formulates a research questions of how the companies can use its
talent management strategies for its employee retention.
2. Project management plan
A Project management plan refers to the outline of set of actions which are needed to be
taken to complete a project (Wang, Ren and Liu, 2017). It can help in identification of various
techniques through which the project objectives can be attained. The project management plan
for the current project is as follows:

Project scope: The project scope refers to the detailed outline of the al element of a
project such as activities, objectives, deliverables and timelines (ul Hassan, Ahmad and
Zuhaira, 2018). The current project will focus upon the identification of various talent
management strategies which are used by Margot Bakery in order to retain its employees.
The project scope is limited to the talent management strategies which support employee
retention.

Project Time management: The project time management refers to the procedure of
analysing and developing schedule for project completion. The time taken to complete
this project is 3 months. The time management is very important in a project as it helps in
3

identification of various ways through which the project can be managed to attain its
objectives on time and before the specified deadline.

Project Risks: Project risks refers to the uncertain events which might or might not occur
and influence the undertaken project (Kliem and Ludin, 2019). In the current project the
major risk identified is the risk of additional costs. The overall cost of the project is £300
which cannot be exceeded. The project will involve both the primary data collection and
secondary data collection. Primary data collection can be very time and cost consuming.
It can influence the budget of the project. To overcome this risk, the use of online survey
for primary research i.e. questionnaire will be used. It will be send through emails which
will involve no costs or very low costs for data collection.

Project Costs: the project costs refers to the total funds which are needed to complete a
project. The current project costs have a specified budget of £300. All the activities are
needed to be completed within this budget only.

Project resources: Project resources are the people, material or capital required to
complete a project. For the current project, the resources required are personal computer,
laptop or tablet for conducting survey and collecting secondary data. An active internet
connection is also required.

Project communication: Project communication refers to the interactions and discussions
between project stakeholders (Dinis and et.al., 2020). In the current project, the meetings
will be held every 2 weeks to ensure the project success.
3. Work Break Down Structure and Gantt Chart
Work breakdown structure is the schedule which includes the start and completion dates
for all the activities and tasks along with the deliverable defined within structure. This structure
helps in knowing and analyzing scale through which all aspects are carried forward through
which the activities and tasks are evaluated and identified at large scale (Tri Mardiani, 2020).
The main aim of this structure is that it helps in knowing tasks and activities which are to be
done and performed at large scale and this aids in evaluating the basis through which purpose of
preparing project research is conducted skillfully and in significant manner.
Gantt chart is the type of bar chart which helps in illustrating the project schedule and this
chart helps in showing the dependency of relationships between the status which is running
4

currently and the activities working within the chart at large scale (Zhong and et.al., 2019). The
main aim of the gantt chart is, it helps in analyzing and knowing the basis through which all
aspects are concerned which creates ways for the activities to be conducted significantly and in
proper manner. The gantt chart helps in collecting the ways through which all aspects are
concerned and are mainly evaluated for knowing the basis.
Task Mode Task Name Duration Start Finish Predecessors Early Finish Early Start Late Finish
Manually
Scheduled Initiation 2 days Mon
1/4/21
Tue
1/5/21
Tue
1/5/21
Mon
1/4/21 Tue 1/5/21
Auto
Scheduled
Development
of Idea 1 day Mon
1/4/21
Mon
1/4/21
Mon
1/4/21
Mon
1/4/21
Mon
12/28/20
Auto
Scheduled
Goals and
Objectives 2 days Tue
1/5/21
Wed
1/6/21 2 Wed
1/6/21
Tue
1/5/21
Wed
12/30/20
Auto
Scheduled Outline 2 days Thu
1/7/21
Fri
1/8/21 2,3 Fri 1/8/21 Thu
1/7/21 Fri 1/1/21
Auto
Scheduled
Recognizing
the
stakeholders
2 days Mon
1/11/21
Tue
1/12/21 4 Tue
1/12/21
Mon
1/11/21 Tue 1/5/21
Auto
Scheduled Planning 11 days Tue
1/5/21
Tue
1/19/21
Tue
1/19/21
Tue
1/5/21 Fri 4/16/21
Auto
Scheduled Survey 3 days Tue
1/5/21
Thu
1/7/21 2 Thu
1/7/21
Tue
1/5/21 Tue 4/6/21
Auto
Scheduled
Development
of plan 3 days Fri
1/8/21
Tue
1/12/21 7 Tue
1/12/21 Fri 1/8/21 Fri 4/9/21
Auto
Scheduled
Budget
preparation 2 days Wed
1/13/21
Thu
1/14/21 8 Thu
1/14/21
Wed
1/13/21
Tue
4/13/21
Auto
Scheduled Structuring 3 days Fri
1/15/21
Tue
1/19/21 8,9 Tue
1/19/21
Fri
1/15/21 Fri 4/16/21
Auto
Scheduled Execution 8 days Fri
1/15/21
Tue
1/26/21
Tue
1/26/21
Fri
1/15/21 Fri 4/23/21
Auto
Scheduled
Allocating
resources 3 days Wed
1/20/21
Fri
1/22/21 10 Fri
1/22/21
Wed
1/20/21
Wed
4/21/21
Auto
Scheduled Marketing 3 days Fri
1/15/21
Tue
1/19/21 8,9 Tue
1/19/21
Fri
1/15/21
Wed
4/21/21
Auto
Scheduled Risk Analysing 2 days Mon
1/25/21
Tue
1/26/21 12,13 Tue
1/26/21
Mon
1/25/21 Fri 4/23/21
Manually
Scheduled Monitoring 10 days Thu
1/28/21
Wed
2/10/21
Wed
2/10/21
Thu
1/28/21
Wed
2/10/21
Auto
Scheduled
Ensuring
operation 3 days Thu
1/28/21
Mon
2/1/21
Mon
2/1/21
Thu
1/28/21
Wed
2/10/21
Auto Feedback 7 days Thu Fri Fri 2/5/21 Thu Fri 2/5/21
5

Scheduled 1/28/21 2/5/21 1/28/21
Auto
Scheduled
Modifying
errors 3 days Mon
2/8/21
Wed
2/10/21 17 Wed
2/10/21
Mon
2/8/21
Wed
2/10/21
Auto
Scheduled Closure 52 days Thu
2/11/21
Sat
4/24/21
Sat
4/24/21
Thu
2/11/21
Sat
4/24/21
Auto
Scheduled
Reviewing
operations 2 days Thu
2/11/21
Fri
2/12/21 18 Fri
2/12/21
Thu
2/11/21
Thu
4/22/21
Auto
Scheduled
Approving
changes 1 day Mon
2/15/21
Mon
2/15/21 20 Mon
2/15/21
Mon
2/15/21 Fri 4/23/21
Auto
Scheduled
Evaluating
success 1 day Mon
2/15/21
Mon
2/15/21 20 Mon
2/15/21
Mon
2/15/21 Fri 4/23/21
6

4. Primary Data
Primary data is the type of data which is collected by researchers directly from main
sources through experiments, surveys, interviews, questionnaire etc. The primary data is
obtained by the first-hand sources which is searched through the very basic forms through which
the research can be completed through the researcher. The primary data is not subjected to any
7

manipulation or processing which helps in creating value through which all aspects are
concerned of how the primary data is to be collected.
Primary data is the original research which is being done for the purpose of properly
grabbing all the essential information of the research. There are various examples of conducting
the primary research which is done through gathering the information and facts from —
newspaper articles, company reports, searching on the internet (Sharp and et.al., 2017). The
primary research helps in gaining the information through which all perspectives of how the
research is conducted is known at large scale and this helps in preparing the questionnaire for the
research. For this research project is conducted for the talent management of Margot Bakery and
how the strategies are framed for knowing the best ways through which the organization can
initiate the framework of talent management at large scale.
Questionnaire
Q1. What is talent management
 Process of attracting, selecting and retaining of employees
 Process of encompassing employee engagement and learning
 Process which helps organization in gaining productive employees
 Process of on boarding employees of organization
Q2. Strategies framed by the Margot Bakery to support talent management at workplace
 Talent management and potential sourcing
 Positive employee attraction and retention strategies
 Effective recruitment and selection
Q3. How support to approaches can be provided to talent management at the workplace
 By developing job descriptions
 Through selection process of individuals
 Through effective compensation
 By providing growth and development opportunities.
Q4. Are employees satisfied with their performance which is being measured through strategies
8

 Yes
 No
Q5. Are talent management approaches helpful in employee retention process
 Yes
 No
Therefore, these are the questionnaire framed for the scale through which all possible factors of
how the primary research is conducted is known. With the help of the questionnaire framed, the
main aim of how the Margot Bakery will analyze its talent management strategies is known at
large scale. This will help research to be conducted effectively and in appropriate manner within
the framework of how Margot is initiating the process of talent management.
5. Explaining secondary data with literature review on talent management
Secondary data is the data which has already been collected through primary sources and
is made available for researchers to use it for their own research. The secondary also helps in
providing the facts and information at large scale and this helps in creating value through which
all aspects are gained for which the research is being conducted.
Literature Review
Various talent management strategies used by organization
According to Mupepi, (2017), talent management is the process which is defined as
methodically organized strategic process of getting the talent onboard which is right and to help
them grow and develop through their capabilities which are framed for them in knowing the
perspectives of how the employees' performance can be measured and by keeping the objectives
of the organization in mind. There are various talent management strategies which are used by
the organization and which helps in creating value through which the strategies are being created
useful at large scale. The talent management strategies are — tracking and measuring the
performance, increasing the employee motivation, providing career development paths, giving
9

reviews and feedback, increasing the employee motivation, rewarding and recognizing the top
performers, standardization of the on boarding process effectively within organization.
As per Jooss and et.al., (2021), there are further more talent management strategies which
bare described for effectively working within the organization and this helps in raising standards
of the organization as there is increase in the performance of the employees by effectively
applying the talent management strategies at large scale within organization. Some other talent
management strategies are helpful in creating value to the organization by the requirement of
tools which include — strategic plan and goal alignment, diversity and inclusion, coaching
through execution, leadership development etc. These are some tools which are required for the
talent management strategies to be implemented at large scale within the organization so that the
employees are chosen based on their performance and along with that there performance is also
improved at large scale at effective and efficient basis.
Impact of talent management strategies on the employee retention within organization
As defined by Johennesse and et.al., (2017), one of the greatest benefits of talent
management is it effects on the employees recruitment and retention process. There has been
improvement in the employee recruitment and staff retention rates which are created for the scale
of how the things are taken into action and this helps in creating value of enhanced staff
engagement within employees. Also, the impact of talent management helps in increasing the
retention rates which helps in creating value for which all aspects are taken into consideration at
large scale and this helps in improving the performance of the employees through which all
aspects are taken into form which helps in creating value through which strategies are being
implemented within organization effectively and significantly. Therefore, the talent management
strategies are helps in improving the retention rates.
As described by Wassem and et.al., (2019), talent management strategies are helpful in
maintaining the scale through which effectiveness and efficiency is increased at large scale and
this helps in creating value through which all perspectives of how the employees are working
within the organization is being analyzed effectively. There are some positive and negative
aspects of employees which are engaged in creating positive aspects of the employee
engagement within organization. Talent management strategies helps in retaining the employees
through which the scale of performance is evaluated and this helps in creating value of how the
10

employees are placed at right jobs at right time. The talent management strategies also helps in
enhancing the organizational processes which helps in creating positive impact on the employees
and helps in maintaining the retention rates effectively at large scale.
6. Present findings and analysis of results
Q1. What is talent management
Options Frequency
Process of attracting, selecting and retaining of
employees.
5
Process of encompassing employee
engagement and learning.
2
Process which helps organization in gaining
productive employees
2
Process of on boarding employees of
organization
1
Total 10
Interpretation — It is interpreted from the above graph that 5 out of 10 individuals feel that talent
management is the process of attracting, selecting and retaining of employees. Further, 2 out of
10 individuals feel that talent management is process of encompassing employee engagement
and learning. Moreover, 2 out of 10 individuals feel that talent management is process which
11

helps the organization in gaining productive employees. And 1 out of 10 individuals feel that
talent management process is on boarding employees of organization.
Q2. Strategies framed by the Margot Bakery to support talent management at workplace
Options Frequency
Talent management and potential sourcing 5
Positive employee attraction and retention
strategies
3
Effective recruitment and selection 2
Total 10
Interpretation — It is analyzed from the above graph that 5 out of 10 individuals feel that talent
management and potential sourcing is the best strategy framed to support talent management at
Margot Bakery. Further, 3 out of 10 individuals feel that positive employee attraction and
retention strategy is the best strategy. Moreover, 2 out of 10 individuals feel that effective
recruitment and selection is the best strategy framed. Thus, the graph helps in analyzing
strategies for Margot Bakery.
Q3. How support to approaches can be provided to talent management at the workplace
Options Frequency
By developing job descriptions 4
Through selection process of individuals 2
12

Through effective compensation 3
By providing growth and development
opportunities
1
Total 10
Interpretation — It is interpreted from the above graph that 4 out of 10 individuals feel that by
developing job descriptions support to approaches can be provided to talent management at
workplace. Further, 2 out of 10 individuals think that through selection process of individuals
talent management approaches are to be used at workplace. 3 out of 10 individuals think that
through effective compensation talent management approach can be used. Further, 1 out of 10
individuals think that by providing growth and development opportunities talent management
approach can be supported effectively.
Q4. Are employees satisfied with their performance which is being measured through strategies
Options Frequency
Yes 6
No 4
Total 10
13

Interpretation — It is analyzed from the above graph that 6 out of 10 individuals think that
employees are satisfied with their performance which is measured through the strategies being
framed by organization. And, 4 out of 10 individuals think that employees are not satisfied with
their performance measured through strategies framed within organization. This helps in
knowing that the strategies are to be effectively and rightly implemented so that the employees
are fully satisfied. This will also help in knowing the measure through which strategies are
framed within workplace effectively or not.
Q5. Are talent management approaches helpful in employee retention process
Options Frequency
Yes 7
No 3
Total 10
Interpretation — It is interpreted that 7 out of 10 individuals think that talent management
approaches are helpful in employee retention process. Moreover, 3 out of 5 employees think that
14

talent management approaches are of not that much helpful in employee retention process. With
this analysis, it is known that talent management approaches are helpful in creating ways through
which all possible aspects of growth within organization and this helps the individuals in
knowing that all basis of approaches are created effectively for talent management to be
managed for employee retention process.
7. Recommendations as how the business can be developed further
The business of Margot Bakery helps in analyzing the talent management strategies
which are framed for knowing the basis through which the strategies are known effectively.
There are some important recommendations which are mentioned below helping in describing
the basis through which talent management strategies are applied for increasing the business
scale through which effectiveness of the strategies are analyzed. Apart from this, there are
various recommendations which are described as below -
 The talent management strategies should be framed in such manner that it helps in
retaining the employees effectively and significantly (Lange and et.al., 2020).
 The business should use effective promotion and advertising strategy so that the products
and services of the Margot Bakery are being provided to the customers at large scale.
 The main aim of the strategy should help to increase the scale of business so that the
employees are able to provide significant performance within company.
 For the business to seek growth and development in near future, the Margot Bakery
should create one such strategy which enables the engagement of employees within
organization.
 For the business to be developed market strategy such as analyzing the target market
should be evaluated and applied within Margot Bakery (Carvalho and et.al., 2021).
 Employees should be retained within the organization by rewarding them and
appreciating them for their performance and motivating them to perform better within
Margot Bakery.
15

Therefore, these are effective strategies which should be considered by Margot Bakery so that
business seeks growth and development and this helps in generating effective results through
which various other market opportunities are also analyzed and identified for business to make
the scale through which all effects of how the business can launch new products and services
within market can be analyzed. The strategies should also be framed effectively and in
appropriate action as how business can grow effectively.
8. Reflection
This project was long term design project which was new and fresh as well as exciting to
me. I realised that the key and most crucial aspect which was needed in this project was patience
and hard work. To attain the objectives of this project, I have performed my best and given my
100% efforts. For achieving the project aim and objectives, I braked my work into smaller
elements. Though this I was able to focus on the details of each activity. Breaking work into
smaller proportion have worked as it helped in attaining the objectives on the set timeline as
well. Although I have faced various obstacles during the attainment of project objectives. The
major obstacle was to attain the project objectives in specified project time. The provided cost
and time were low to complete the project. However through the use of technology such as
internet the project objectives were attained in the specified time and within specified costs. I
communicated and had discussions frequently what pathway tutors and course mated to ensure
that the information I’m using is useful and effective. This has worked very well and enhanced
my knowledge regarding the topics considered for the project.
During the project, I learned how to be patient. I also have learned the value of effective
communication while undertaking this project. TI have identified these two factors as the key
factors for the success of this project.
16

REFERENCES
Books and Journals
Carvalho, S. and et.al., 2021. Challenging experiences: recommendations for promoting
individual development.
International Journal of Productivity and
Performance Management.
Dinis, F.M. and et.al., 2020. Improving project communication in the architecture, engineering
and construction industry: Coupling virtual reality and laser
scanning.
Journal of Building Engineering. 30. p.101287.
Johennesse, L.A.C. and et.al., 2017. Employee Perceptions of Talent Management Effectiveness
on Retention.
Global Business & Management Research.9(3).
Jooss, S. and et.al., 2021.
Talent management innovations in the international hospitality
industry. Emerald Group Publishing.
Kliem, R.L. and Ludin, I.S., 2019.
Reducing project risk. Routledge.
Lange, A. and et.al., 2020. Recommendations regarding Organizations and Institutions of the
Business World.
An End to Antisemitism!.93.p.519.
Mupepi, M. ed., 2017.
Effective talent management strategies for organizational success. IGI
Global.
Sharp, J.A. and et.al., 2017.
The management of a student research project. Routledge.
Tri Mardiani, G., 2020. Work Breakdown Structure.
ul Hassan, I., Ahmad, N. and Zuhaira, B., 2018. Calculating completeness of software project
scope definition.
Information and Software Technology. 94. pp.208-233.
Wang, X., Ren, A. and Liu, X., 2017, August. Researching on quantitative project management
plan and implementation method. In
AIP Conference Proceedings (Vol.
1864, No. 1, p. 020176). AIP Publishing LLC.
Wassem, M. and et.al., 2019. Impact of capacity building and managerial support on employees’
performance: The moderating role of employees’ retention.
SAGE
Open.9(3).p.2158244019859957.
Zhong, Q. and et.al., 2019. Calculation of Process Immunity Time with Gantt Chart.
17

18