Talent Management Strategies for Employee Retention: A Case Study on Tesco

Unit 6 – Managing
Successful Business
Project

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Project Aim and Objectives.............................................................................................................3
1 – Project planning.........................................................................................................................3
2 – Project Logbook.........................................................................................................................5
3 – Performance Review..................................................................................................................8
4- Business Case Presentation.......................................................................................................10

INTRODUCTION
It is important for an organisation to retain employees in an organisation. Talent
management is an activity that is undertaken in an organisation to manage all the employees in
the company, to motivate them as well as to retain them for longer duration of time (Payne,
Roden, and Simister, 2019). Talent management helps to enhance the performance of employees.
MAIN BODY
Project Aim and Objectives
Aim: “To analyse the strategies that are used by organisation to retain talented
employees.” A case study on Tesco.
Objectives
 To understand the concept and importance of talent management.
 To examine the challenges faced by organisation while retaining talented staff in
organisation.
 To find out the strategies those are used to manage talent in an organisation.
Questions
 Determine the concept and importance of talent management?
 What are the key challenges faced by organisation while retaining talented staff in
organisation?
 List the strategies that are used to manage talent in an organisation?
1 – Project planning
It is a plan that is formulated to achieve the goals and objectives effectively. It is seen that
there are various important factors that are being considered under project management plan
such as scope, time, resources, cost, requirements and risk (Hillsqn, 2017). It is necessary to
consider all these points in order to achieve success.
Scope: Scope shows the focus of the report. The work break down structure as well as
Gantt chart will help to guide. It is seen that the scope of talent management is wide. Each and
every organisation no matter what their size is must follow talent management strategies. It is
helpful for the company to retain the employees as that helps the company to achieve goals and
objectives effectively. If the company is not able to follow them then they have face various

limitations such as high employee turnover, demotivate employees, increased expenditure on
training.
Time: It is important to decide the time in which project will be completed. It is
important to complete the work as per deadlines.
Cost: Deciding the cost and budget of the project. It helps to work in an effective and
achieve goals and objectives.
Activities Expenditure (Pound)
 Analysed the issue £ 5000.00
 Construction of plans £ 10000.00
 Research evaluation £ 15000.00
 Salary of researchers £ 18000.00
 Miscellaneous expanses £ 20000.00
 Project execution cost £ 25000.00
Total £ 93000.00
Gantt Chart and WBS

2 – Project Logbook
Project Logbook
Name:
Project title: “To analyse the strategies that are used by organisation to retain
talented employees.” A case study on Tesco.
Date:
Update on period of development

What have you completed in this period?
I have done whole research in the time period
Did you complete the work that you had planned?
Yes, I worked as per plan
Are you on track and within deadlines set?
Yes
Did you need to make any changes to your project plan?
No
Risks and/or issues identified
Did you identify risks/issues related to a lack of knowledge or skill required
to undertake the work you had planned?
Yes
Did you identify any additional risks/issues that have an impact on your
project plan?
Yes, it was difficult to manage time.
Problems encountered
What challenges did you face?
Interacting with sample size
How did you overcome them?
With my communication skills
New ideas and change of project direction
In developing work, addressing risks/issues, has the direction of your work
changed?