Talent Management Strategies for Attracting and Retaining Employees: A Case Study on Waitrose
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This report analyzes the talent management strategies used by Waitrose to attract and retain employees. It covers project planning, research objectives, methodologies, and findings. The report also discusses the challenges faced by the company while implementing talent management strategies.
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Table of Contents Topic - What talent strategies do your organization use to attract and retain people?....................3 Section 1- Project Planning.............................................................................................................3 Introduction................................................................................................................................3 Research aim...............................................................................................................................3 Research Objectives....................................................................................................................3 Project management plan...........................................................................................................4 Gantt chart..................................................................................................................................5 Work break down structure........................................................................................................7 Section 2- Conduct Quantitative and Qualitative research.............................................................7 Secondary research.....................................................................................................................7 Appropriate research methodologies...........................................................................................8 Section 3- Present findings..............................................................................................................9 Questionnaire..............................................................................................................................9 Present the findings...................................................................................................................11 Recommendations.....................................................................................................................15 Conclusion.................................................................................................................................16 References.....................................................................................................................................17 Books and Journals...................................................................................................................17 Online........................................................................................................................................17 Appendix.......................................................................................................................................19 Performance review..................................................................................................................19 Project Log book......................................................................................................................20 Questionnaire............................................................................................................................22 2
Topic - What talent strategies do your organization use to attract and retain people? Section 1- Project Planning Introduction The talent management strategies for using full scope of HR process for attracting, boarding, develop, motivate for high performing employees. As its aim is to provide the related sources and rising effective business presentation through activities that make employees more productive. Talent management is the process used by an organisation to develop the talented people who can make a positive impact within organisation. Talent management is one of the key components of human resource teams. This help to ensure the responsibilities for the leaders and manager within the organisations. With the appropriate need of talent management is helpful for being developed in the particular need and demand of the company in market. The main purpose of the talent management is to analyse the different strategies for enhancing the role of employees and use different strategies for motivate them to stay positive and retain within the organisation (Svensson and Danielsson Wiksell, 2021). For completing this project, Waitrose is the chosen organisation. It is a brand of British supermarkets that was founded in 1904. Its headquartered in Bracknell, United Kingdom. The number of considering changes in related to having different locations and now the company is operated their services in more than 330 locations. The company have more than 52,000 employees at their all location, so they have to manage their talent in an effective manner. It will be helpful for generating effective talent resourcesforgeneratingtheneedtoenhancethetalentmanagementtechniquesinan organisation. Research aim “The aim of the report is to analyse the talent management strategies used by an organisation forattracting and retainingemployeesfor longer period. A case study on Waitrose.” Research Objectives To analyse the role of talent management within the organisation. 3
To evaluate the use of different strategies adopt by the Waitrose to attract and retain the employees at workplace. To determine the challenges face by the company while implementing talent management strategies within the organisation. Project management plan A project management plan is a formal for the growth in documents that define the project to complete the work and carried out the project on time. The need to complete the project management plan is helpful for completing effective information and used techniques, cost, resources, manpower and different methods to complete the project in effective and efficient manner. This process include the scope, cost, quality, time,and other factors that help the researchers and others for getting more understanding about project. All of these aspects are related to: Scope:This factor is related to work on the growth of the organisation, retain them for the longer period and increase the performance as per the effective growth in the company. With the help of highergenerating the execute strategies and facilitate the develop brand image, employee satisfaction and retention as these are related to the effective advantages and profit for the growth of the company (Pandita,2021). As the scope of the project is to achieve the talent management strategies and motivate the employees for the longer period of time. Time:This is consider as one of the important aspects for analysing the major change and complete the research in the given time frame. This is answerable for the growth and appropriate activities to manage the activities. The total time is required for 20 weeks for completing this research case study. To complete the project on time, work break down structure and Gantt chart is helpful for analysing the situation and make effective growth in the time period. Quality:This factor is related to work on the major effectiveness of the information with gathered information. In aspect to that, it is related to major significant and growth to collect data and make reliable and valid information for maintaining the high quality process for analysing study and achieve the process in an effective manner (Usanova and et.al., 2021). Moreover, the use of high quality and standard in the research provide different benefits for completion of research based activities. 4
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Communication:Communication is the process that help in managing resources and tools for the growth for communicating data. This will be related to the different activities that are conducted thorough the process of communication. There are major methods that has been used to communicate the research and make verbal and non-verbal resources. With the help of e-mail, mobile and different method of communication are used to conduct the data and analyse for find the things that are associated to work with effective and proper manner. Resources:It is the basic requirement that is helpful for motivate the research and implement the study in an effective manner. It is analysed that having effective and appropriate major changes are needed to be required and complete with manpower, internet, books and other different sources. These resources is helpful in completing research activities without having any issues and deviation. Risk:Thisis the factor which is analyse and associated with the different forms of risk that is used through lack of resources, communication, funds and many more which, are related to work on the growth and activities of the management (Al-Rawashdeh, 2021). It is very important to analyse the risk on time as it will be helpful for the growth of research project to complete research activities without facing any issues. Gantt chart This is the chart, that help in working an overall project schedule in an effective way for analysing the situation and complete in an effective way. This is related to make graphical presentation for assist the tools and project in efficient manner. The use of horizontal axis is shown the time that is required for completing activities (Allal-Chérif, Aránega and Sánchez, 2021). Whereas, on the vertical axis, specific activities is shown. As per this it is analysed that the Gantt chart is one of the effective and significant achievement for attaining research objectives that has been given in the specified time frame. 5
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Work break down structure This is related to an effective project management tools that are helpful for breaking the work in an appropriate manner and achieve all the task of the research. Further, the company is related to make effective researcher to categorise the basic activities into a manageable and effective manner for the growth and need of the project in an appropriate manner. It has been related to achieve the task in an efficient manner and complete the project in appropriate manner. This structure is helpful for generating the higher efficiency project, improved teamwork, time saving and increased productivity for analysing the research objectives in an effective manner and complete all the activities in sufficient time sources (Crowley-Henry and et.al., 2021). Section 2- Conduct Quantitative and Qualitative research Secondary research Role of talent management within the organisation Talent management is the key term for analysing the techniques and make systematic changes in the concepts. It would be helpful for analysing the major commitment, hiring and management for the growth of effective sources in the company. The role of talent management is helpful fro attracting top talent human capital for the growth of the organisation and achieve the opportunities to attract the most talented employees. Employees motivation, Continuous 7
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coverage of critical roles and increase employee performance is helpful for generating the role of talent management within the organisation (The importance of talent management and why companies should invest in it, 2021). These are the roles that are helpful for the company when they use the talent-management strategies in an organisation. Use of different strategies adopt by the Waitrose to attract and retain the employees at workplace There are different ways and method that would be helpful for generating the sources and make systematic changes to attract and retain the employees in an effective manner. The very first strategy is having effective salary and monetary benefits that is competitive in the market (Kumar and et.al., 2021). Another one is related to hiring the right person at the right way to analyse the technique and manage new employees growth to use attractive strategies. Third strategy is related to reduce the employee pain and make a balance in between their personal and professional life style (Great Employee Retention Strategies, 2021).These strategies is helpful for the company to applying the market for retaining top employees and make systematic changes in the growth for having effective workplace. Challenges face by the company while implementing talent management strategies within the organisation The workplace environment has been change rapidly, and it will be helpful for generating the source and makesystematicgrowth in the society while applyingthe use of talent management strategies. The first challenge that company face by Waitrose company is to adopt the right culture for engagement within the environment and applied the effective technologies. Another challenge is having frequent feedbacks taken from employees. As this challenge will decline the growth and achieve the right way for gathering effective relationship (Biggest Talent Management Challenges for HR, 2021). In last attracting right and top talent human resource within an organisation is helpful for generalise the statement and make effective and quick frequencies to manage the performance through different platform (SAHARAN, 2021). Appropriate research methodologies Quantitative and Qualitative research methodologies Qualitative research method is related to achieve an effective sources and used data for effective and available in the theoretical manner. It could be helpful for generating the qualitative researchmethodinaneffectivemannerwiththehelpofpredictionstogeneralisedthe 8
information in an effective manner. Further, this type of data is used in the non-numerical research and majorly based on the theories and concepts of research topic. Quantitative research method is helpful for analysing the data and make numerical forms to complete the figure and achieve effective data to complete the sources on the time. This will be helpful for analysing the situation and complete data in an effective and respective ways. This data involve the numerical form of collection in an effective ways (Dongo and et.al., 2021). From the above analysis, the researcher choose the quantitative research method for considering the research and collect data. As this research method is helpful for considering less time and cost for completion of the research on time. This data helps the researcher for conducting valid and reliable source in an effective and appropriate manner. Primary Method:This method is known as per the effective and reliable methods to collect the data and make information for gaining original information. In addition to that, the data is helpful for generating the source and make in-depth formation fro regarding knowledge to conclude valid and reliable data. Here, the researcher opted questionnaire for completing the primary data and make sampling method to conclude in an effective research outcome. Secondary Method:This method is used to collect the data that is already exist in the market and available on the different sources. These sources are related to books, journals, magazine and internet (Khan Vincent and Wilson, 2021). This method is helpful for collecting more information about the topic and use effective solutions to manage the data in significant manner. Sampling:For this study the researcher opted both method and with the help of sample size from total population for conducting research on time. The two ways to conduct sampling is probability and non-probability method and researcher opted probability method for completing research. The chosen sample size for completing research is 30 and they are the employees of Waitrose company. Section 3- Present findings Questionnaire Q1. According to you, what could you understand by the term talent management within an organisation? Frequency 9
a. Retaining and attracting talented employees5 b. Develop and Motivate employees towards achievement of goals5 c. Sourcing and on-boardingthe suitable candidates5 d. All the above15 Q2. According to you, why talent management strategies and initiatives are most important for Waitrose organisation? Frequency a. For retaining right employee10 b. For developing efficiency of employees12 c. For reducing employee turnover8 Q3. Do you think, these talent management strategies are most useful for Waitrose organisation in retaining of talented employees? Frequency a. yes27 b. no3 Q4. According to you which of the talent management strategies are more workedunderWait-rosebusinessenvironmenttoattractandretain employees? Frequency a. On boarding and performance management20 b. Attractive Rewards and recognition5 c. More growth opportunities5 Q5. Did you feel more valued while making decision at workplace?Frequency a. always5 b. sometimes15 c. never10 Q6. According to you, which of the challenges and issues could be faced bymanagersoforganisationinimplementationofvarioustalent management strategies? Frequency 10
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a. Frequent feedbacks10 b. Attracting right talented resources10 c. Adopting right culture within an organisation10 11
Present the findings Q1. Understand by the term talent management within an organisation? Q1. According to you, what could you understand by the term talent management within an organisation? Frequency a. Retaining and attracting talented employees5 b. Develop and Motivate employees towards achievement of goals5 c. Sourcing and on-boardingthe suitable candidates5 d. All the above15 Interpretation From the above, it can be analysed that out of 30 people, 5 says that the first meaning of talent management is retaining and attracting talented employees. Then next 5 people says that developing and motivating employees towards achievement of goals is talent management, next 5 people says that sourcing and on boarding the suitable candidates is talented management and rest of other 15 says all these are regarded as talent management. 12 0 4 8 12 16
Q2.TalentmanagementstrategiesandinitiativesaremostimportantforWait-rose organisation? Q2. According to you, why talent management strategies and initiatives are most important for Wait-rose organisation? Frequency a. For retaining right employee10 b. For developing efficiency of employees12 c. For reducing employee turnover8 Interpretation From the above graph, it could be analysed that out of 30 respondents, 10 says that for retaining right employees, talent managements strategies are necessary. Then next 12 people says that for developing efficiency of employees, talent management strategies are necessary, rest of other 8 people says that for reducing employees turnover, talent managements is necessary. 13 a. For retaining right employee b. For developing efficiency of employees c. For reducing employee turnover 0 2 4 6 8 10 12
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Q3. Talent management strategies are most useful for Wait-rose organisation in retaining of talented employees? Q3. Do you think, these talent management strategies are most useful for Wait-rose organisation in retaining of talented employees? Frequency a. yes27 b. no3 Interpretation From the graph, it issaid that out of 30 respondents, 27 says thatyes, talent managements strategies are useful for wait-rose managers for retaining employees. Rest of 3 people says that no talent management is not useful for organisation. 14 a. yesb. no 0 5 10 15 20 25 30
Q4. Talent management strategies are more worked under Wait-rose business environment to attract and retain employees? Q4. According to you which of the talent management strategies are more workedunderWait-rosebusinessenvironmenttoattractandretain employees? Frequency a. On boarding and performance management20 b. Attractive Rewards and recognition5 c. More growth opportunities5 Interpretation From the table, it could be analysed that out of 30, 20 respondents says that on boarding and performance management is a strategy is more effective, then next 5 people says that attractive rewards and recognition is more effective strategy used by organisation. Rest of 5 people says that more growth opportunities is a strategy is more worked under the organisation. Q5. Feel more valued while making decision? 15 a. On boarding and performance management b. Attractive Rewards and recognition c. More growth opportunities 0 2 4 6 8 10 12 14 16 18 20
Q5. Did you feel more valued while making decision at workplace?Frequency a. always5 b. sometimes15 c. never10 Interpretation From the graph, it is analysed that out of 30, 5 people says that they always feel valued while making decision at workplace. Next 15 people says that they feel sometimes valued in organisation. And rest of other 10 people says that they never feel valued while making decision making process at workplace. Recommendations There are different recommendation are used to analyse the sources and make sure for using right talent management strategies to adopt in the company for the growth in future perspective. Some of the recommendations are related to: 16 a. alwaysb. sometimesc. never 0 2 4 6 8 10 12 14 16
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The manager of the company should try to become the leader not their boss. As this way is helpful for the employees to have clear direction, faith in the management and seen the future growth within the company (Mosca, Halkias and Heitner, 2021). Another way is to keep their employees engagement as effective as possible, this is helpful for getting effective employer's and employee's attention towards the goals. Further, the employees are highly engaged in the learning outcomes for the effective growth and possibilities in future. Conclusion From the above research report, is is concluded that the Waitrose is good in managing their talent management resources in an effective manner. This is helpful for retain the top talent resources in the company for increasing productivity, develop the brand image and make effective employees increment on the time. In addition to that, the company use effective strategies and face challenges for analysing the growth to attract and retain the talented employees for gaining more training and development session. 17
References Books and Journals Al-Rawashdeh,A.T.,2021.TheImpactofApplyingTalentManagementStrategieson Achieving Happiness in the Work Environment: An Applied Study on the Royal Jordanian Airlines Company.International Review of Management and Marketing, 11(1), p.68. Allal-Chérif, O., Aránega, A.Y. and Sánchez, R.C., 2021. Intelligent recruitment: How to identify, select, and retain talents from around the world using artificial intelligence. Technological Forecasting and Social Change,169, p.120822. Crowley-Henry, M., O'Connor, E.P. and Suarez-Bilbao, B., 2021. What goes around comes around. Exploring how skilled migrant founder–managers of SMEs recruit and retain international talent.Journal of Global Mobility: The Home of Expatriate Management Research. Dongo, I., Cardinale, Y., Aguilera, A., Martinez, F., Quintero, Y., Robayo, G. and Cabeza, D., 2021. A qualitative and quantitative comparison between Web scraping and API methods for Twitter credibility analysis.International Journal of Web Information Systems. Khan, S., Vincent, H. and Wilson, B., 2021. The qualitative and quantitative classification of modern clastic marginal-marine depositional systems, Trinidad.Journal of Sedimentary Research,91(7), pp.710-734. Kumar, P., Rose, A., Jain, S., Pole, M. and Bhatt, V., 2021. Integrating CSR with Employer Branding Initiatives: Proposing a Model.Journal of Contemporary Issues in Business and Government,27(1), pp.4073-4083. Mosca, N., Halkias, D. and Heitner, K., 2021. Competency Characteristics of the Innovative Talent Leader: A Multiple Case Study.Available at SSRN 3777258. Pandita, D., 2021. Innovation in talent management practices: creating an innovative employer branding strategy to attract generation Z.International Journal of Innovation Science. SAHARAN, T., 2021. HR Practices for Financial Acumen.Financial Intelligence in Human Resources Management: New Directions and Applications for Industry 4.0. Svensson, J. and Danielsson Wiksell, L., 2021. The effect of social relationships on employee retention in a remote working context: A qualitative case study on which Talent Management practices an organisation use to retain talented employees in a remote context. Usanova, K., Géraudel, M., d’Armagnac, S. and Telitsyna, A., 2021. Managing talent in mission-driven organizations: a qualitative exploration.The International Journal of Human Resource Management, pp.1-34. Online BiggestTalentManagementChallengesforHR,2021.[Online].Availablethrough: <https://www.achievers.com/blog/3-biggest-talent-management-challenges-for-2016/>. GreatEmployeeRetentionStrategies,2021.[Online].Availablethrough: <https://wheniwork.com/blog/7-great-employee-retention-strategies>. 18
The importance of talent management and why companies should invest in it, 2021. [Online]. Availablethrough:<https://www.humanresourcesonline.net/the-importance-of-talent- management-and-why-companies-should-invest-in-it>. 19
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Appendix Performance review Student Name: Project Title: “The aim of the report is to analyse the talent management strategies used by an organisation for attracting and retaining employees for longer period. A case study on Waitrose.” What was the project supposed to accomplish? The project supposed to accomplish the need and role of talent management within the UK based retail industry. Did the project succeed in its aims? How do you know? Specifically, please outline any evaluation and assessment undertaken. Yes, the project is accomplished on the time. As all the activities are completed as per the Gantt chart schedule and done effectively after the completion. This is basically related to achieve evaluation and process to complete effective assessment on time and measure the success. What things do you think worked well and why? Evaluate all aspects of the project (e.g. initial inception, project activities and project outcomes) from a range of perspectives. In order to complete the information and used processing worked to complete the stage as per the timely completed issues. There are different ways and issues that face to make effective and limited resources to complete the research on time. What problems emerged during the project and how were they tackled? Was there timely identification of issues and resolution during the project process? There are different issues and challenges has been used to complete the research on time,. But there are some issues which face as per the views and make systematic growth to complete the scarcity and make certain resources for affected the smooth and flow of project for the growth of some extents. This would be helpful for generating the source and make systematic growth in the project process. What did you learn from undertaking the project? 20
I have learnt the different concepts related to time management and collect the data though primary sources. This will be helpful for me to complete the project on time and achieve the all planned objectives for the growth in future activities. How would you rate your performance as Project Manager? I would rate 9 out of 10. This will be helpful for considering the major source and achieve the project manager task and responsibilities to complete the future aspects with efficient manner. What strengths and weaknesses of your performance did you identify? The major strength and weaknesses of the project is related to accomplish the task and completed the research on time. My strength in completing all task in best manner with fu full ofauthenticityandreliability.Whereas,theweaknessisrelatedtohavingissuesin communication, time management and development in gaining primary data. These course is helpful for me to grow in continuous development within personal and professional lifestyle. Project Log book ProjectLogbookforthechosen organisation: Waitrose Name of the learner: Project Title:“The aim of the report is to analyse the talent management strategies used by an organisation for attracting and retaining employees for longer period. A case study on Waitrose.” Updateofweeklyresearch/tasks achieved (Account for a minimum of six weeks with dates) What have you completed? Comments Use of talent management strategies used within the company to attracting and retaining employees for longer period. A case study on Waitrose. 21
DidyoufulfilTask requirements? Are you on track and within deadlines set? Didyouneedtomakeany changestoyourproject management plan? Yes Yes No Any risks and / or issues identified? Didyouidentifyrisks/issues with a lack of skills required forundertakingresearch tasks? Did you identify any additional risks/issuesthathavean impactontheproject management plan? I have identify the lack of skills that are needed to be upgraded in order to complete research tasks. Managing task is related to communication and completed task on the assigned time. NO Problems encountered What barriers did you face?Time management and the use of resources on the time is the barriers I had face while completing research. 22
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How did you overcome them?I tried to take proper guidance from my mentors andgainmoreknowledgeabouttheresearch before starting the research. NewIdeasandchangeofproject direction Thereisdemandofthetimeperiodtomake effective management.It would be able to work complete research on time and make systematic growth while completing research on time. Questionnaire Q1. According to you, what could you understand by the term talent management within an organisation? a. Retaining and attracting talented employees b. Develop and Motivate employees towards achievement of goals c. Sourcing and on-boardingthe suitable candidates d. All the above Q2.Accordingtoyou,whytalentmanagementstrategiesandinitiativesaremost important for Wait-rose organisation? a. For retaining right employee b. For developing efficiency of employees c. For reducing employee turnover Q3. Do you think, these talent management strategies are most useful for Wait-rose organisation in retaining of talented employees? a. yes b. no 23
Q4. According to you which of the talent management strategies are more worked under Wait-rose business environment to attract and retain employees? a. On boarding and performance management b. Attractive Rewards and recognition c. More growth opportunities Q5. Did you feel more valued while making decision at workplace? a. always b. sometimes c. never Q6. According to you, which of the challenges and issues could be faced by managers of organisation in implementation of various talent management strategies? a. Frequent feedbacks b. Attracting right talented resources c. Adopting right culture within an organisation 24