Talent Strategies Used by Organizations to Retain and Attract Employees

This presentation covers talent management strategies used by organizations to retain and attract employees. It includes project planning, primary and secondary research, findings, and reflective practice. The research focuses on Sainsbury and Morrison and their talent management initiatives.

Managing a successful
business project
(TALENT STRATEGIES USED BY
ORGANIZATIONS TO RETAIN AND ATTRACT
EMPLOYEES’)

Table of Content
 Introduction
 Aim and objectives
 Step 1 – Project planning
 Step 2 – Conduct primary and secondary research
 Step 3 – Present Findings
 Step 4 – Reflective Practice
 Conclusion
 References

Introduction
To be successful in business management, there is need to have
good communication skills and management skills which can be
used to develop the business performance. Managing a project
and task should be involving strategy, ideas, activities,
techniques, and skills that supports to meet project objectives.
Talent management is the continuous process of recruiting, and
selecting the talented people by using own skills and abilities
that supports to develop the organizational performance.

Step 1 – Project planning
Research Aim
To identify the impacts of talent management strategies in attracting and retaining
the best employees.
Research Objectives
 To determine the value and benefits of talent management addressing
wellbeing in terms of improving employee motivation and retention within
Sainsbury
 To analysis at least two other organisations to see what type of talent
management initiatives they have.
 To focus on areas of good practice to build and support Sainsbury.

Scope
The current project is about talent management which uses by organization for retaining
their staff and getting the work done. The scope of project is wider as it helps to develop
the understanding what strategies should be used by management for increasing business
performance. The researcher will use their skills and ability to complete the project and
manage each activity.

Project Plan
Work break down
structure – This is a system
engineering and technique
used by organization to break
down the longer task in
smaller.

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 Risk Assessment
 Budget statement
Particulars Amount (£)
Research and development £ 2000
Introducing product £ 3000
Cost to material £ 4000
Marketing and advertisement £10000
Online marketing £ 5000
Manpower £20000
Distribution of product and services £ 15000
Total £ 60000

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Gantt chart

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Step 2 – Conduct primary and
secondary research
To determine the value and benefits of talent management addressing wellbeing
in terms of improving employee motivation and retention within Sainsbury.
As per view point of Eliyana, and Ma’arif (2019), Talent management is
the process of vacancy identification, recruiting, selection, and placing the right
people for developing the organizational performance.

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Research at least two other organisations to see what type of talent management initiatives they have.
As per view point of Mensah (2019), Talent management is the full scope of process that relates to human resource
management involves attraction, on boarding, development, engagement, and retaining high performing employees
that aims to improve business performance. Different types of talent management strategies that uses by Sainsbury
and Morisons are as explained:
Used by Sainsbury
 Recruitment and selection
 Motivation
Used by Morrison
 Training and development
 Creating the good working environment

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Focus on areas of good practice to build and support Sainsbury.
According to Abou-Moghli (2019) there are different areas which can be used by
Sainsbury to build its performance such as:
 Improve in performance level
 Attracting and retaining skilled staff
 Achieving competitive benefits
 Motivation to employees

Step 3 – Present Findings
What types of employees are working in Sainsbury? Frequency
a) Male 18
a) Female 12
THEME 1.

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What are the value and significance of talent management used in improving
performance and retaining staff?
Frequency
a) Filling vacancy 10
a) Getting the work done timely 10
a) Accepting challenges and improving profits 10
THEME 2.

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What talent management strategies are used by Sainsbury to take the initiatives? Frequency
a) Recruitment and selection of skilled staff 14
a) Motivation 16
THEME 3.

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What talent management strategies are used by Morrison to take the initiatives? Frequency
a) Training and development 12
a) Creating good working environment 18
THEME 4.

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What benefits of talent management strategies are getting by Sainsbury. Frequency
a) Placing right people at right place 10
a) Motivating staff and getting the work done 7
a) Build employees career 5
a) Improve the organizational productivity 8
THEME 5.

Step 4 – Reflective Practice
From the above explanation I have increased my knowledge about
talent management which is the important task for companies as they
looking towards motivation, creating good working environment, and
training & development which can help to develop the organizational
performance. The company decide the goals and share with
employees that can help to complete the task with the help of staff by
accepting challenges. With the help this study, I developed
communication, leadership and decision making skills.

References
 Mensah, J. K., 2019. Talent management and employee outcomes: a psychological
contract fulfilment perspective. Public Organization Review. 19(3). pp.325-344.
 Hongal, P. and Kinange, U., 2020. A study on talent management and its impact on
organization performance-an empirical review. International Journal of Engineering
and Management Research, 10.
 Opazo-Basáez, M., Vendrell-Herrero, F. and Bustinza, O. F., 2019. Talent for services:
How gaining access to talent enables successful servitization. In Research Handbook of
International Talent Management. Edward Elgar Publishing.
 Abou-Moghli, A. A., 2019. The influence of compensation management strategy on
talent retention: Exploring the mediating role of structural capital. International
Business Research, 12(3). pp.165-173.