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Talent Strategies for Attracting and Retaining Employees in Retail Sector: A Study on Sainsbury's

   

Added on  2023-06-18

30 Pages4423 Words466 Views
Managing a successful
business project

Table of Contents
Title of the research:........................................................................................................................3
Aim and objectives:.........................................................................................................................3
..........................................................................................................................................................6
Primary and secondary research......................................................................................................7
Literature review:.............................................................................................................................8
Interpretation:...................................................................................................................................9
Recommendations:.........................................................................................................................14
Conclusion.....................................................................................................................................14
REFERENCES..............................................................................................................................16
Appendix 1 – Project Logbook......................................................................................................17
Appendix: 2– Performance Review...............................................................................................19
Title: “What talent strategies do the best companies use to attract and retain people?”...............20
Appendix: Business Case Presentation.........................................................................................21

Title of the research:
What talent strategies do the best companies use to attract and retain people?”
Introduction
Talent-management is a activity that is helpful in order to maximise the present skill base of
employees for the purpose of achieving a talented workforce (Cascio and Aguinis, 2018). In
present report there is analysis of Sainsbury's that is a global retail brand. The report is based on
analysing the laid aims and objectives of the organisation. ASDA is a British hypermarket chain
was founded as part of retail business and is the second largest supermarket chain across UK.
Another retail sector organisation is TESCO that is well known British general merchandise and
grocery brand having its headquarters in England. It is third largest retail brand that is measured
as per gross revenues.
In present research there is analysis of the problems that is related with the issues that are arising
because of present COVID 19 situation. Such as there is high risk that is leading to jobs at risk.
There is high amount of cost associated with training of employees that has to be dealt to manage
the overall performance of employees. The research is based on analysing the talent management
practises that can assist in retention of workforce in this pandemic situation.
Aim and objectives:
Aim: “To evaluate various strategies of talent management that is adopted in organisations
for the intention of attracting & retaining of their workforce.” A study on Sainsbury's.
Objectives:
To assess the conception of talent-management.
To identity various talent-management practices used in Sainsbury's for retaining and
attracting of talented workforce.
To analyse the value and benefits of talent management addressing well-being in terms of
improving employee motivation and retention.
Questions:
what is the primary concept of talent-management?
What are various talent-management practices used in Sainsbury's for retaining and
attracting of talented workforce?

What are the value and benefits of talent management addressing well-being in terms of
improving employee motivation and retention.?
Project management plan
Project management plan is used to analyse various factors that includes scope, cost time.
Various such aspects are mentioned below:
Scope: In the present report there is analysis of various strategies that can help a organisation in
the process of retaining of their talented workforce for longer time period (Al-Lozi, Almomani.
and Al-Hawary, 2018). The scope of present research work will help in achievement of higher
success in organisation.
Cost: The overall associated cost is the amount of $5000 that will be incurred for various
associated aspects in the organisation.
Time: There will requirement of a time of approximately 20 weeks in order to achieve the laid
aims and objectives of this study.
Quality: For the purpose of maintaining and enhancing the overall quality of the research work
there will be focus on using various techniques of Gantt chart and work break down structure to
maintain proper authenticity & reliability of the information.
Communication: There are various written and verbal communication methods that have to be
used for the purpose of communicating the overall research outcomes to all the concerned
stakeholders in the present research work.
Resources: There is requirement of certain resources without which the research cannot be
timely completed (Mujtabaand Mubarik, 2021). Such as it includes various human resources,
financial and technological resources that are essentially required to complete the present
research work.
Risk: There are some of the risks that may arise in the course of research work. Such as it
includes lack of resources, delay in completion of the research that have to be taken into
consideration to deal with such future risks and uncertainties.
Schedule: In the present research work there is a specific time period which is predetermined
before the initiation of the report. All the activities are required to be timely completed in that
specified time frame only. Such as in the preset research work there is a time period of 20 weeks
which is selected by the researches for the purpose of performing different actions and further
achievement of laid aims and objectives.

Work break down structure:
it is defined as the project management tool in which the whole work is divide in small parts so
that there can be project management of every activity in the course of research work.
Gantt chart:
It is the chart in which there is presentation of the complete project schedule by deputing it on
vertical and horizontal axis (Crane and Hartwell, 2019). Gantt chart is used for development of
relationship to analyse its progress.

Research methodology
Qualitative research method: It is the method where data is collected and it includes theoretical
form of information (Nwafor, 2019). It generally includes non numerical information that is in
form of concepts and theories.
Qualitative research method is reliable as it will help in the process of having suitable theoretical
base of information which is non numerical. It is going to lead towards having sufficient base for
further research that is to be conducted in the aspect.
Quantitative research method: In this method there is collection of numerical base of
information that is based on various facts, figures that is assisting researcher in having authentic
information base to reach to reliable conclusions.
Quantitative research method is reliable as generally there is numerical form of data which is
collected that can assist in the process of having sufficient amount of quantitative and numerical
form of data which will lead to having presence of sufficient information base.

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