Managing Successful Business Project: Talent Management Strategies for Attracting and Retaining Employees - A Case Study on Wilko
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This report covers the importance of talent management for attracting and retaining employees in organizations, with a focus on a case study of Wilko. It includes a project management plan, primary and secondary research, findings on talent management initiatives used by Wilko and Burberry, and the benefits of talent management.
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Managing Successful Business Project
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 STEP 1.............................................................................................................................................3 Aim..............................................................................................................................................3 Objective......................................................................................................................................3 Project management plan.............................................................................................................3 Scheduling for project management............................................................................................5 Work breakdown structure..........................................................................................................6 Gantt chart...................................................................................................................................6 STEP 2.............................................................................................................................................7 Conduct primary and secondary research....................................................................................7 STEP 3...........................................................................................................................................10 Present Findings.........................................................................................................................10 STEP 4...........................................................................................................................................11 Performance review towards project.........................................................................................11 CONCLUSION..............................................................................................................................13 REFERENCES................................................................................................................................1 APPENDIX......................................................................................................................................2
INTRODUCTION Managing successful business project is the management which could take more internal business projects undertaken for having the knowledge about further company strategy or objective. As talent management is the process for keeping the attraction, retention, selection of the employees. This report will explain about project management plan with having various resource plan and activities. Along with this also examined about primary and secondary research about the various organization related to talent management. Moreover, explain about evaluation of gathering information and also justification for implementing about the talent management initiatives. While evaluate about the reflective practice which could led for managing the work and effective better outcomes for having the completion over the project. MAIN BODY STEP 1 Aim To understand ''What talent strategies do the best companies use to attract and retain people?'' : A case study on Wilko. Objective To analyse the concepts of talent management To develop the importance of the talent management used for attract and retain people in organization. To evaluate the various methods for the tm in Wilko. To recommend strategies for the talent management that could used for attract and retain the workforce at Wilko. Project management plan Cost:- The expense for conveying about research that could reliant upon many variables and different elements that could help the undertaking for thinking about dispense financial plan (Catalano,2020). To have their some better and this could needed to stick for the undertaking extension and complete all assignment inside given the improvement choices. Project taskCost (in pounds) Data collection tasks750
Project controlling1150 Research and development1254 Other miscellaneous1800 Research procurement7544 Total12498 Scope:- It very well may be needed for change in any case this make their expanding about cost. The degree for a worker is wide for having draw in and hold individuals. An essential examination that have been led for assortment of information or social occasion that could be founded on research, proposal will be given. Time:- Time for dealing with a venture for the point of view and time period that could be required so exercises in be effectively worked and this could require 15 weeks (Brokman- Meltzer,Perezand Gelbard,2021). Quality:- The representative starts with improve nature of work all together for accomplishing the development and given target in association. The work have been taken with quantitative and subjective way and this could create the great nature of result in project. Communication:- The venture the executives helps for plan about formal and casual correspondence which could help for other undertaking part. While this could drove them for going data through messages, notice board, etc. Risk :- Informationinsuranceact,cultureobstructions,ascentofstrugglesatworking environment, principally hazard for the representative with having worker at joint endeavor of association (Dobie,2020). Resources:- The undertaking assets that can be utilized for overseeing work like material, innovation, capital, human asset and numerous other helpful assets. These needed for the compelling things
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and opportune the venture. While fruition for this record required, for example, Gantt diagram, correspondence plan, WBs, scope, hazard register and time period. Scheduling for project management Activity nameDurationInitial dateEnding date Project initiation14 days22/12/20194/01/2019 Market investigation6 days22/12/201827/01/2019 Portfolio5 days27/01/201931/01/2019 Idea generation2 days31/01/20191/01/2019 Project planning9 days02/01/201910/01/2019 Scheming for project towards employee 3 days2/01/20194/01/2019 Risk preparation2 days4/01/20195/01/2019 Budget4 days5/01/20198/01/2019 Development21 days9/01/201930/01/2019 Training14 days9/01/201923/01/2019 Strategiesfor employee 8 days23/018/201930/01/2019 Project closure21 days30/01/201920/02/2019
Work breakdown structure Gantt chart Activities W 1 W 2 W 3 W 4 W 5 W 6 W 7 W 8 W 9 W 10 W 11 W 12 W 13 W 14 W 15 Introduction Aims and objective Milestonesand activities Primary and secondary research Implementationtalent management
Reflective practice Project Logbook Name: Project title:To understand ''What talent strategies do the best companies use to attract and retain people?'' : A case study on Wilko. Date: Update on period of development Points to consider:What have you completed in this period? Did you complete the work that you had planned? Are you on track and within deadlines set? Did you need to make any changes to your project plan? While in this project this have been seems about the talent management which could be important for the organization. the work have been completed on given time and no required for changes must be essential for the project. Risks and/or issues identified Points to consider:Did you identify risks/issues related to a lack of knowledge or skill required to undertake the work you had planned? Did you identify any additional risks/issues that have an impact on your project plan? This have been identified about for having the lack of communication. decision making and time
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management. while such type of skills must be required for knowing about what issues and how does this will help in managing the work. yes, due to having the risk somewhat that have been impacted on projects. Problems encountered Points to consider: What challenges did you face? How did you overcome them? The challenges I have faced about for managing the time and that could be overcome while by having the Gantt chart and work break down structure which help me for taking some right decisions. New ideas and change of project direction Points to consider:In developing work, addressing risks/issues, has the direction of your work changed? How does your work justify the change of direction? Is this clear? Do you feel this change of direction has enhanced your work? How? No, the work direction for the project that have been not changes and while this more help me for taking some more and better research about the given topics. What have you learned about yourself through your work? Points to consider:What are the most important things that your work has revealed to you? How might this learning apply in the future? How did you feel when you had to deal with challenges/problems? How well do you feel you have you performed? What can you improve? While I have learnt about the how to make the communication, positive thinking and managing the work. while how this help me for taking some measure steps in completion over the research. Next steps for your work Points to consider:What aspects of your work should you prioritise? Have you allowed sufficient time for completion? I will make sure for having the proper time management so that could help me for making the future work. Project plan status to date Points to consider:Do you feel you are on track to complete your work on time? If not, how will you address this? Do you feel your work shows your achievement of the Learning Outcomes? If not, what do
you need to do? Yes, the work have been completed on given time and this could led me for having the achievement about the better learning outcome and which could also required for me in developing the better estimation about the given projects. Tutor Feedback 3 – Performance Review Performance Review What did you aim to achieve through your work? For understanding about the talent management retain and attract towards the workforce. Did your work succeed in achieving your aims? How do you know? Specifically, please outline any evaluation and assessment undertaken. Yes, this have been successes and that could also help me for taking some high measure steps and keeping the work for being high evaluation for completion on given time period. What aspects of your development process do you think worked well and why? Evaluate all aspects of the project (e.g. initial research, concept development, development process, presentation, etc.) from a range of perspectives. The project developed with having well process for which the initial research and many other presentation which could help me for taking some more better decision and that also help me in completion for the projects. What problems emerged during the project and how were they tackled? Was there timely identification of
issues and resolution during the project process? The problem was about for making the communication between the employee about what questionnaire must be asked and this was most of the important concepts for which the online interview have been taken. What did you learn from undertaking the project? I learn about how to keep the motivation rewards for the employee and how should in future this could help me for taking some high terms. What are the strengths and weaknesses of your process that you have identified? Strength: reporting writing, searching about new facts and weaknesses: communication, time management and decision making. How could your process improve for the future? While this could be improve by having some proper action plan for which I can easily improve the future projects.
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Notes :This have been also said that TM must be important for the organization for which the employee can easily keep their retention and attraction towards the work and make sure of having their more possible things. While having such things this could also led them for keeping the high attention and keeping their employee for long term. Notes :Ethical consideration have been taken place while at time of finding some more ethics issues and that have been taken place within the work. This could also help for having the better estimation and make the concepts for working with some more better and relevant data.
STEP 2 Conduct primary and secondary research Theme 1 How talent management is helpful for company? Respondents Attracting employees7 selecting employees18 retention2 all3 Total30 From the above graph it had been seems that, high of the employee think about that selecting employee with having the more talent management is helpful for company (Picciotto,
2020). Through having such things this could also help them for making their business with effective goals and objective. Theme 2 According to you what are the best TM practices on which company should focus? Respondents Employer branding5 candidate experience7 On-boarding18 Total30 From the above, this could be seems that on-boarding TM practices which must play their role and make sure for having 18 employee think about their organization for completion the training while after joining organization. Theme 3 According to you whose role in important in TM? Respondents Human resource8 line manager4 both18 Total30
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From the above, this have been seems that 18 of employee think about the human resources and line manager for being more role play towards the TM in organization. While this could also help them for taking some high measure things and try to keep the retention and attraction. Theme 4 While employee are satisfied with talent management process ? Respondents Yes20 No10 Total30 From the above this have been seems that highly of the employee are being satisfied with their talent management process in organization (Torppa,2020). 20 of them employee think about that highly of the workforce are being happy with their process for helping them in organization. Talent management initiatives used by Wilko and Burberry
As indicated by Wilko they are more engaged towards giving additional advantages to their workers. HR of the organization accepts that when organization will give additional advantagestotherepresentativesthentheywillingeneralholdforlongerspaninside association. While on other hand to hold top entertainer representatives they are dealing with the exhibitiontheboard(ElhasiandAljabour,2021).Organizationspendonpreparingand improvement to further develop representatives on the grounds that with the assistance of preparing workers master new abilities and gain progressed information. Benefits of talent management Ability the executives have various advantages. As a matter of first importance it helps hr in the enrolling system. It gives guidance to the hr with the goal that they can choose right contender for the right position. At the point when chief like representatives and give them remunerates then they persuade and buckle down. It likewise helps in expanding worker usefulness. It likewise expands worker confidence and faithfulness towards organization. At the point when representatives are faithful then they will hold inside association for long time-frame. STEP 3 Present Findings In organization talent management seems to be important for which the employee can easily make sure for having the high effective things. Along with this could also led them for knowing about what effective types of motivation must be required for the employee for which they can work more and more for bring out some better results (Fernandesand O’Sullivan, 2021). While having such things this could led them for taking their strategies and this could also led or working with having some high policies and make sure for having their growth and developed for which the working concepts can be easily take place. TM basically used the rewards, career development and many other career developing planning which could keep their employee for long term and keeping them with more high estimation things. Along with this could also seems that high place for taking some kind of effective things which could make the business growth and developed for keeping the employee working. While for having such types of things managing the internal things which could help them for knowing what types of things must be effective and make sure for having their strategies in organization (Garcíaand et.al., 2021). This have been also said that TM must be important for the organization for which the
employee can easily keep their retention and attraction towards the work and make sure of having their more possible things. While having such things this could also led them for keeping the high attention and keeping their employee for long term. TM also required the funds so hr need to calculate the TM strategy for which Wilko can easily afford and keep their employee retain with some better satisfaction. Albeit all TM procedure hold representatives yet a few systems like prizes and acknowledgment and preparing are the best techniques since it deals with each organization (Gibbs,Westand Bradley, 2021). As it is said that cash is the greatest inspiration. So when representatives will be given additional advantages then they will gets persuaded and will endeavour to accomplish organization's goals. TM additionally acquires correspondence the association. As under TM workers are valued based on their exhibition and not on bias. Similarly as with the assistance of TM human asset select right up-and-comer this will assist organization with developing quick. At the point when hr select right possibility for right position then, at that point work is finished quicker and destinations are likewise accomplished quick. This could be appears to be that ability the executivesshouldbesignificantfortheassociationandensureforhavingtheirbetter distinguishing proof with regards to inspiration (Jack,2021). While having such things given additional advantages and that could help the Wilkofor thinking concerning how this will act and ensure for having their high affected. Alongside this business expected to work and that could help them for taking high inspiration through which this could help the association for taking some action objectives and objective. While for such sort of things this could ensure for having their awards through utilizing monetary and non-monetary framework for which the worker can work for long haul. While this could help them for thinking regarding how they need to function and make their business for working with high assessment (Council,2021). In association inspiration for the representative should be significant for which the effect over through utilizing the items and administrations. In such sort of exercises this could make their business and ensure for having their powerful things. STEP 4 Performance review towards project While from the above report this could be seems thatI have to think more about what types of skills and knowledge which must be required for make the completion about projects.
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Along with this must be also important for knowing about for taking decision while making the appropriate project so that could help me for better outcomes. While having may problem at sometime this could help me for knowing about which types of skills must be required for being having the high estimation in project (ul Musawir,Abd-Karimand Mohd-Danuri,2020). I have also faced issue while at time of taking the interview from the organization and that could bring out many more things and make sure for having the better sources for being some high completion. While this could also seems that I have to keep more focus towards the high sources and maintaining the proper personal and professional knowledge about completion of the work. Along with this also keeping the proper growth and try to make sure for having the how I will basically deal with the given situation (Malik,Froeseand Sharma,2020). Long with this I have also taken much important resources for which skills and knowledge that could help for developing and keeping some high estimation about communication, problem solving, decision making and make sure for having the various effective concepts. As I have also taken some of the steps which help me for knowing about what types of effective things must be essential for making the project plan. Alongside, I have also understand about how should I have to manage the work and make sure about what types for work must be important for me. While for keeping in mind about the project objective, goals and budget that could help me for taking some measure high steps and keeping some time for managing the risk. This could basically help for having monitoring plan and implementation for takings some more work with having the high sources and that could also help me for taking some right decision in future (Baradari,Shoarand Nezafati,2021). Moreover, budget and decision making will help me for project management and make sure about which types of resources must be required. I have also come to know about how usually this will help me for taking the rights things and that could keep the project manager for some better outcomes. While basically I have seems that report writing and digital concepts knowledge which must be required for knowing about which types of forms and things are to be required. In such kind of activities this must be essential for taking the high sources and keeping the high growth and bringing out for which the process can be taken the implementation terms. Therefore, I have also manage the risk for which the various activities that have been identified while at time of completion the work. As dividing the work that could become work easier and that could help me for knowing what types of resources must be required for me.
Technology system have also helped out with having some more better concepts and make sure about their effective things and keeping some high estimation (Picciotto,2020). Along with this must be also important fortaking some measure things and keeping some more concepts for which the budget and some right decision making must be essential. CONCLUSION From the above report it had been concluded that, talent management which must be important for the organization and that could also led them for knowing about how usually this could make their objective and goals to be complete. While having such things this might be also essential for taking the high estimation with keeping motivation through keeping various rewards about how this could work and make sure for having their high products and services. This also make the business for developed and also retain for the employee for keeping the employee with some more better sources.
REFERENCES Books and journals Baradari, I., Shoar, M. and Nezafati, N., 2021. Defining the relationship between IT Service management and knowledge management: towards improved performance.Knowledge Management Research & Practice. pp.1-13. Brokman-Meltzer, M., Perez, D. and Gelbard, R., 2021. Perceived Complexity of a Project’s Optimal Work Plan Influences Its Likelihood of Adoption by Project Managers.Project Management Journal, p.87569728211026509. Catalano,T.,2020.ProjectPlanImplementation.InApplicationofProjectManagement Principles to the Management of Pharmaceutical R&D Projects(pp. 45-52). Springer, Cham. Council, E.S., 2021. Coastal Estuary Management Plan. Dobie,C.,2020.Handbookofprojectmanagement:Acompleteguideforbeginnersto professionals. Routledge. Elhasi,A.andAljabour,B.,2021.SuggestedManagementPlanforSoftware Maintenance.development.3. p.4. Fernandes,G.andO’Sullivan,D.,2021.Benefitsmanagementinuniversity-industry collaboration programs.International Journal of Project Management.39(1). pp.71-84. García, M.G. and et.al., 2021. Constructiońs health and safety Plan: The leading role of the main preventive management document on construction sites.Safety science.143. p.105437. Gibbs, D.A., West, J.M. and Bradley, P., 2021. Incorporating adaptation and resilience into an integrated watershed and coral reef management plan.PloS one.16(6). p.e0253343. Jack, H., 2021.Engineering design, planning, and management. Academic Press. Malik, A., Froese, F.J. and Sharma, P., 2020. Role of HRM in knowledge integration: Towards a conceptual framework.Journal of Business Research.109. pp.524-535. Picciotto,R.,2020.Towardsa‘NewProjectManagement’movement?Aninternational development perspective.International Journal of Project Management.38(8). pp.474- 485. Picciotto,R.,2020.Towardsa‘NewProjectManagement’movement?Aninternational development perspective.International Journal of Project Management,38(8), pp.474- 485. Torppa, J., 2020. Developing a Change Management Plan to Deploy Team Selling Approach in the Case Company. ul Musawir, A., Abd-Karim, S.B. and Mohd-Danuri, M.S., 2020. Project governance and its role inenablingorganizationalstrategyimplementation:Asystematicliterature review.International Journal of Project Management.38(1). pp.1-16. 1
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APPENDIX How talent management is helpful for company? Attracting employees selecting employees retention all According to you what are the best TM practices on which company should focus? Employer branding candidate experience onboarding According to you whose role in important in TM? Human resource line manager both While employee are satisfied with talent management process ? Yes No 2