Talent Management Strategies of Waitrose: A Study on Retaining and Attracting Talented Workforce

MANAGING A
SUCCESSFUL
BUSINESS PROJECT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
PART A: Project planning..........................................................................................................1
PART B: Conduct research.........................................................................................................6
TASK 2..........................................................................................................................................10
Present Findings........................................................................................................................10
TASK 3..........................................................................................................................................15
Reflective practice.....................................................................................................................15
CONCLUSION .............................................................................................................................16
Recommendations.....................................................................................................................16
REFERENCES..............................................................................................................................17
APPENDIX....................................................................................................................................18
Questionnaire............................................................................................................................18
Performance Review.................................................................................................................19
Project Logbook........................................................................................................................20

INTRODUCTION
Talent management defines as an anticipation of required human capital for organisation
and the planning to fulfil the needs of workforce. It represent as a process of organise the
management of human resource so that company attain profitable results within marketplace.
Talent management is define as an important asset to company because they are responsible for
carry out activities and duties in prominent manner (Anlesinya and Amponsah-Tawiah, 2020).
Talent management within an organisation offer benefits in relation to maintain employees who
are working within firm or also emphasis on attracting new one. This report is developed by
freelance market researcher that is hired by local goods transport provider to implement talent
management strategies within organisation. For this researcher emphasis on finding talent
strategies that giant organisation use so that they implement in local business properly. To
complete this project Waitrose is to be undertaken that is a British supermarket since 1904. To
conduct this research several task are framed such as project planning, conduct research, present
findings that helps in draw the conclusion and recommendation in appropriate manner.
TASK 1
PART A: Project planning
Aims
“To determine various talent management strategies used by prominent organisations for
the purpose of retaining and attracting talented workforce.” A study on Waitrose.
Objectives
 To understand the concept of talent management in giant organisation
 To explore strategies used by Waitrose to attract or retain talented workforce
 To determine benefits of talent management in Waitrose
Research Questions
 Explain the concept of talent management in giant organisation?
 Explain various strategies used by Waitrose to attract or retain talented workforce?
 What are the benefits of talent management in Waitrose?
Project management plan
Project management plan is a formal approved document that express how project is to be
completed by carry out activities (Crane and Hartwell, 2019). It reflects various aspects such as
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cost, time scale, risk, resources, budget, ethical consideration etc. This project management plan
is essential to complete the project on set time frame. Several aspects of project management
plan are presented below:
 Scope is an effective element that express the concept of talent management in
appropriate manner. The scope of this specific research is to recognise the benefits of
talent management in giant organisation and strategies that they used to attract or retain
talent. The format of this particular research is mainly emphasis on variety of strategies
related to talent management so that SMEs could understand the same and implement
prominently on the local good transport provider. This also represent several aspect of
methodology that is used to develop appropriate information so that objectives are meet
successfully.
 Cost- It refers to a amount that is essential to conduct the business and activities in
appropriate manner. The amount for conducting this project is £300 in which researcher
implement the project plan effectively and complete the aims and objectives prominently.
In this volume this particular research is completed in appropriate manner. The proper
explanation of budget are presented below:
Estimated amount (£)
Activities Total amount (£)
Travelling cost 100
Primary information 50
Project management plan 80
Miscellaneous 70
Total 300
 Time scale- To complete this particular project in successful manner it is very crucial to
develops the time scale by prioritise the activities as per deadline (Shet, 2020). To
complete ths project researcher need 12 weeks in which whole analysis about topic is
done in systematic manner so that overall objectives are attained proficiently.
 Communication- It represent as a crucial determinant within project management plan.
Communication is very important to collect, gather appropriate information about
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particular topic. In this several channels are to be used by researcher so that appropriate
information is delivered to correct person in right time. For communicate an information
e-mails is to be used so that person get data properly and easy to understand.
 Quality management- Practices of quality management is very beneficial because it is
concerned about gather data that are of great quality. To maintain quality different
practices are included so that proper outcome is to be gathered (Sivathanu and Pillai,
2019). The quality of project is to be maintain with the assistance of primary and
secondary sources. As these present data effectively about the talent management in giant
organisation. This help in collect prominent data of great quality so that appropriate
information is gathered that is effective for local good transport provider.
 Resources- It is a significant element to attain objectives. The resources that are needed
in particular research is financial resource, human resources. Therefore, the involvement
of these resources helps in attaining objectives in appropriate manner because these
resources help in attaining every task prominently (Harsch and Festing, 2020). Therefore
using the resources in appropriate manner helps in gaining the outcome in shorter time
period. In this researcher also adopts the use of MS-EXCEL to develop spreadsheets,
graphs, table so that particular project aims and objectives are attained successfully.
 Risk- There are several types of risk that are determined at the time of gather information
from the participants. To complete this particular research, risk of copying is one of the
major risk due to which ineffectiveness within the research is generated. Therefore to
remove the issues researcher emphasis on proper time to frame strategy so that complete
and effective information could be collected in appropriate manner.
Gantt chart- It represent as an understanding in which proper planning is to be done so that
overall objectives is to be attained successfully. Gantt chart is a type of project planner tool that
bifurcates variety of activities and task in appropriate manner so that it could be completed on set
time frame. This chart is mainly divided into two parts where in first part activities are represents
and in second part time for completing the activities are scheduled (Meyers, 2020). There are
several benefits of using Gantt chart such as it is used to track all the activities in effective
manner so that overall objectives are to be attained in proficient manner.
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Work break down structure- This is an effective structure that helps in managing projects in
prominent manner. This framework helps in dividing the large activities into small segments so
that overall objectives is to be attained effectively. Hence, work breakdown structure consider
that smaller task are easily to attain and helps in attaining the activities in an effective manner
within set time frame.
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