Strategies for Attracting and Retaining Talent in the Workplace

Managing Successful
Business Project

Table of Contents
INTRODUCTION......................................................................................................................3
MAIN BODY.............................................................................................................................3
TASK 1......................................................................................................................................3
P1 Devise project aims and objectives for a chosen scenario................................................3
P2 Produce a project management plan that covers, aim and deliverables, time, quality,
communication, risk and resources........................................................................................6
P3 Produce a work breakdown structure and a Gantt Chart to provide timeframes and
stages for completion.............................................................................................................7
TASK 2......................................................................................................................................9
P4 Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives......................................................................................9
TASK 3....................................................................................................................................11
P5 Present findings and data using appropriate tools and techniques..................................11
TASK 3....................................................................................................................................16
P6 Communicate appropriate Recommendations as a result of findings and data analysis to
draw valid and meaningful conclusions...............................................................................16
TASK 4....................................................................................................................................17
P7 Reflect on the value of undertaking the project to meet stated objectives and own
learning and performance.....................................................................................................17
Conclusion................................................................................................................................17
References................................................................................................................................19

Title: “To identify various strategies that will help organisation in attracting and
retaining talent in their workplace.” A case study on Sainsbury‘s.
INTRODUCTION
Talent management refers to a process of retaining right amount of talent on board a
company is human resource which will help in increasing productivity as well as profitability
of organisation. There are a number of different continuous measures taken by an
organisation in order to make sure that they are attracting and retaining skilled employees
within the organisation. In order to continue with this motivation and encouragement is
provided to employees along with various training and development programmes (Anlesinya,
Dartey-Baah and Amponsah-Tawiah, 2019). Providing the employees with effective
compensation also helps to retain them for a longer period of time. The following research is
conducted upon Sainsbury is which is the second largest supermarket chain in United
Kingdom. It was established by John James Sainsbury’s in 1869. The organisation is present
globally with around 1400 stores throughout the world and it employs more than 1, 16,000
employees. Various talent management approaches that are used by the organisation and that
can be used by the organisation in future are discussed in the following research. Primary and
secondary data is used to conduct the following research. The research also consist of a Gantt
chart and work breakdown structure in order to elaborate the activities in the research along
with a reflection by researcher in the end.
MAIN BODY
TASK 1
P1 Devise project aims and objectives for a chosen scenario
Aims and objectives of research
Research aim
“To determine different strategies that will help organisation in attracting and retaining talent
at the workplace.” A case study on Sainsbury’s
Research objectives
To understand the concept of talent management
To analyse various strategies used by organisation to retain talent

To analyse various challenges that are faced by organisation while retaining talent in the
workplace
Research questions
 What is the meaning and concept of talent management?
 What are different strategies used by organisation to retain talent at workplace?
 What are various challenges that organisation face while retaining challenge at their
workplace?
Literature review
To understand the concept of talent management
According to Shulga and Busser, (2019), talent management refers to a systematic
procedure which is used by organisation in order to make sure that they are retaining the
talented employees in the organisation along with recruiting skilled employees for the vacant
positions in the business. It is necessary that organisation or maximising the engagement of
employees within the work so that the productivity of organisation can be increased along
with its profitability. The major goal of every organisation should be retaining talented
employees in the organisation for a longer period of time. It will help in sustainable
development of the organisation along with a strong holding of the organisation in the
market. There are a number of strategies which can be used by organisation in order to make
sure that they are retaining employees in the organisation for a longer period of time. Talent
management of employees can also be achieved when maximum satisfaction is provided to
the employees in the organisation. It is necessary that employees in the organisation are
continuously engaged in their work and they feel valued at the workplace. The functional
talent management strategy can be implemented on an organisation where the managers are
successfully looking towards their own functions and the employs leaving organisation can
be reduced to a significant number. On the other hand in order to make sure that the vacant
position in the organisation is filled with skilled and talented employees for sustainable
development the managers are responsible to use various promotional strategies. If the
present workforce of the organisation is satisfied it will help in attracting more skilled and
talented employees towards the organisation successfully.
To analyse various strategies used by organisation to retain talent
According to Golubovskaya, Solnet and Robinson, (2019), talent management is an
important factor in an organisation which can successfully help a business to lower down
their turnover rate of employees and also enhance the satisfaction level of employs. It will
successfully help in increasing productivity of the organisation along with its profitability.