Analysis over different strategies that is to be used in an business for retaining and attracting employees
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This report analyzes different strategies used by ASDA to retain and attract employees. It explores the importance of talent management and presents findings and recommendations.
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Table of Contents Title..................................................................................................................................................1 INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 TASK 1............................................................................................................................................1 P1) Project aims and objectives..................................................................................................1 P2) A project management plan..................................................................................................2 P3) Produce work breakdown structure and Gantt chart............................................................4 TASK 2............................................................................................................................................6 P4) Small-scale research to meet project aim and objectives.....................................................6 TASK 3............................................................................................................................................8 P5) Present findings and data......................................................................................................8 P6) Communicate appropriate recommendation.......................................................................15 TASK 4..........................................................................................................................................15 P7) Reflect value of undertaking project..................................................................................15 CONCLUSION.............................................................................................................................16 APPENDICES 2............................................................................................................................17 Performance Review Template.................................................................................................20 REFRENCES.................................................................................................................................21
Title “ Analysis over different strategies that is to be used in an business for retaining and attracting employees”. A case study on ASDA. INTRODUCTION Businessstrategiesandpoliciesrequiretomakeenhancementforthispurpose applicability of strategic management is to be done which helps in gaining success through development possible. Business is required to make achievement of long and short terms goals with appropriateness. This is an continuous process which helps in attaining quality over skills and knowledge development that results into enhancing productivity. Talent management is used for making efficiency within utilization of resources in systematic manner. ASDA is an British retailingorganization and was established in the year 1949. It has headquarters in Leeds, London. In this report aims and objectives of project with time frame is developed. Then small scale research is to be done within the report. MAIN BODY TASK 1 P1) Project aims and objectives Overview of the Research: Basic motive of the research is to use talent management for making completion of goals and objectives set by an organization. In context of ASDA management has made more emphasis over managing talent with skills to be introduced in workforce for more efficiency. This makes working capabilities to be increased by motivating employees in connection to business. As per this capabilities increases with more potential while making connection within business. ASDA is known retailer and holds association with new organization. It is essential to make development of business through various strategies that makes research to be more effective (Marle and Vidal, 2016). Aim: “ Analyse different strategies to be used in business for making attraction and retention of employees possible”. A case study over ASDA. Objectives: To develop better understanding upon talent management in an organization. To map importance of talent management for retention and attraction of employees. 1
To interpret principals in a business for performing of talent management. Research questions: Defining understanding for talent management within an organization. Develop understanding over talent management to retain and attract employees.Explain principals of business to perform talent management. Literature Review Explain the better understanding of talent management within an organisation. As per view point of (Matinheikki and et. al., 2016), managing talent is related to the process that involves trends of specific nature form making working aspects to be developed. In order to bring strategic management different changes in working environment has to be developed. This makes management develop strong work relation for balancing of equation. Identifying of relation over strong working possible that leads over balancing equation. It leads over identifying talent in making growth of organization possible. What are the importance of talent-management in order to retain and attract potential employee's. According to the point of view of(Maylor, Blackmon and Huemann, 2016), talent management is not limited only to human resource. It covers all aspects existing in an organization like managing, hiring and retention over high talent. This holds importance upon various strategies making business to be managed in appropriate manner. Explain principles that is induce by business in order to perform talent-management. In view of (Midler, 2019), talent management has made practices to be performed in business that helps in developing of consistency upon strategies and culture. Various challenges is to be faced to gain sustainability through talent management in more effective way. It is helpful in making business gain investment and funds through technological advancement in working operations in more effective way. P2) A project management plan Project management plan is that document which makes examination of project to be done. In this goals, scope, budget, timeline of plan for making preparation of path required to be developed in a project. Different targets and objectives is to be achieved through plan. Promoting efficientplandevelopslearningtowardsproject.Thismakeresearchinunderstanding information through objectives required to be achieved as per the plan. Promoting effective 2
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development in learning about the project. In it researcher understands about information regarding project to be executed. Certain elements are there that has been explained as follows: Cost:This is considered to be one of the most effective element required to make research conducted in more effective way. This has been helping in making identification of budget through cost applied while making project and task in relation to project. Mangers an organization is required to form budget to make analysis of cost to be used in a product that has been given as follows: Time:This element makes helps in defining about time that is required to be given over project and aspects related to it. So, managers of an organizationshould decide about time limit of project which should not exceed 3 months. This helps in project completion within time period given (Morozov, Kalnichenko and Liubyma, 2017).Scope:This element is known for defining about scope to be covered in a project. This involves strategies to be applied in project. Also strategies is required for checking in attainment of objective with goals set by an organization.Quality:This is defined as framework in an researcher over conforming action and making task completion within time period specified. In it actual inspiration and proper data collection is required. It makes quality to be enhanced by implementing within research to be done in project. 3
Communication:This is one of the most effective element that helps in circulating information in more effective way. In it transparency is made while data collection in attaining of suitable outcome. So, it is required to attain proper result in a research.Risk :In this elements of research is needed to make task to be done with effectiveness and proper analysis which makes sustainability in project to be gained. Resources :As per this researcher is required to make various resources like human resource,equipment,computers,internetandprinters.Allthisisprovidedbyan organization to make satisfactory outcomes (Newton, 2016). P3) Produce work breakdown structure and Gantt chart Gantt chart: It is an software that is used for making project which make establishment of plan possible. This an mechanism that helps in making advancement through Gantt that makes project accomplishment possible. As per this dates and days of project management is been seen which makes completion of task with sub-task done in limited time given for project. Work Breakdown structure:This makes identification about techniques which makes project representation to be done in administrative manner. As per it adjustment upon sequence of work decomposition within various sections of project is possible. WBS is mainly focused 4
upon alternatives with requirements of goods and other resources. In this estimation of prize, allocation of resources and time period is covered that helps in making project to be completed with efficiency (Nicholas and Steyn, 2017). 5
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TASK 2 P4) Small-scale research to meet project aim and objectives This research is based upon performance that is conducted over effective knowledge through aspects required for learning process of project. There are two basic ways within which an research is done for accomplishing of task. They are explained as follows: Qualitative method: As per this method relevant data is collected through conducting interviews, making questionnaire, observation and participating in facts with records is been done. In it analysis is been done for making data collection for various concepts with experiences is been considered. According to this relevant data is presented to improve quality of work. Quantitative method: This makes all over development to be done with measurements like mathematical, statistical, numerical analysis. Further data is collected through parallel support of questionnaire, polls, survey and data is compiled through computational techniques. Sources of data collection:Primary sources:Such source has made researcher in collecting data in more simplified form. Though it is time taking process that makes accuracy in collecting information related to survey (Pal, Wang and Liang, 2017). Secondary sources: This method of data collection in which information is collected through records likefinancial sheets, articles, journals, magazines, books etc. This is not time consuming but balance level is done for making data collection with relevant information regarding topic. In the research accurate data is collected for both primary and secondary means is done in order to make literature review for better understanding over research. Sampling: As per the procedure statistical analysis is done while making predetermination over observation that is calculated through large population. This methodology effectual process is developed over understanding process by taking solution from respective respondents. The sample size that is taken for research is 50 Questionnaire Quantitative questions Q1) Defining meaning of prospective management within an organization? 6
a) Yes b) No Q2) Necessary of talent management in measuring growth and success? a) Yes b) No Q3)DoesASDAhasworkedforretentionandattractionofemployeeswithtalent management? a)Yes b) No Q4) What strategies is used by ASDA to apply talent management? a) Providing elaborative job description b) Path to gain continuous success Q5) Significance of talent-management in ASDA? a) Attracting and retention of skilled employees b) Enhancing performance c) advancement of human resource Q6) What advances is presented by ASDA in relation to talent-management? a) High motivation b) Job satisfaction c) Advancement of interpersonal abilities Q7) What initiative should be taken by ASDA to makes talent-management in employee's? a) Job rotation b) Training and development Qualitative questions Q8) What strategy is been used by ASDA to enhance working performance through productivity? Offer recognition of skilled employees Path of success Q9) Initiative taken by ASDA to retain its employees? a) Improve training session b) Ensuring individualism 7
c) Induce higher motivation and morale Q11) Recommendation TASK 3 P5) Present findings and data Q1)Definingmeaningofprospectivemanagementwithinan organization? Frequency Yes35 No15 Interpretation:The above graph there are 50 respondents. From this 35 has ideas about concept of talent management and rest 15 does not know anything about it.This makes understand that ASDA hold good knowledge over talent management that makes efficiency in working of employees (Pearlson, Saunders and Galletta, 2019). Q2) Necessary of talent management in measuring growth and success?Frequency Yes30 No20 8 YesNo 0 5 10 15 20 25 30 35 40 35 15 Frequency
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Interpretation:From the above graph its is clear that there are 50 respondents out of which 30 are in favour of talent management required to attain growth and success over long time period. Rest 20 does not agree that growth and success is gained by talent management. So, it can be agreed that majority of employees in ASDA has favour of talent management(Pramanik, Mondal and Haldar, 2020). Q3) Do Tesco plc worked for retention and attraction of employees in relation to talent management? Frequency Yes28 No23 9 YesNo 0 5 10 15 20 25 30 35 30 20 Frequency
Interpretation:In this graph there are 50 respondent out of which 28 has agreed that talent management is effective in attracting employees. Rest 23 does not think that talent management is appreciated. So, ASDA is been seen employees to attain sustainability over long time period (Whyte, Stasis and Lindkvist, 2016). Q4) What strategies is used by ASDA to apply talent management?Frequency a) Providing elaborative job description25 b) Path to gain continuous success25 10 YesNo 0 5 10 15 20 25 3028 23 Frequency
Interpretation: From the graph it can be defined that 50 respondent are there out of which 25 thinks that talent management is used in ASDA to attain success. Other 25 is of opinion that talent management helps in doing elaboration over job description. This is applied in both strategy and organization establishes talent management (Yap and et. al., 2017). Q5) Significance of talent-management in ASDA?Frequency a) Attracting and retention of skilled employees25 b) Enhancing performance20 c) Advancement of human resource5 11 a) Providing elaborative job description b) Path to gain continuous success 0 5 10 15 20 25 30 2525 Frequency
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Interpretation: From the above graph it can marked that there are 50 respondent out of which 25 is of the opinion that talent management has made attraction and retention of skilled employees. 20accepts that performance has been enhanced and rest 5 thinks that advancement is done in positive manner. So it can be concluded that talent-management has impacted ASDA in positive manner (Young, 2016). Q6)WhatadvancesispresentedbyASDAinrelationtotalent- management? Frequency a) High motivation20 b) Job satisfaction15 c) Advancement of interpersonal abilities15 12 a) Attracting and retention of skilled employees b) Enhancing performance c) Advancement of human resource 0 5 10 15 20 25 3025 20 5 Frequency
Interpretation: From the above graph it can be observed that there are 50 respondents out of which 15 is of opinion that talent management ha made advancement in ASDA by motivating bits employees. Other 15 has observed that job satisfaction has been attained and rest 15 is in favor that interpersonal abilities has been developed in employees. This made positive impact in ASDA . Q7)WhatinitiativeshouldbetakenbyASDAtomakestalent- management in employee's? Frequency a) Job rotation30 b) Training and development20 13 a) Attracting and retention of skilled employees b) Enhancing performance c) Advancement of human resource 0 5 10 15 20 25 3025 20 5 Frequency
Interpretation: From the above graph it can be concluded that there are 50 respondents and 30 is of opinion that job rotation has induced in talent management. Rest 20 is of opinion that training and development has been improved with talent management. This has enhanced ASDA in positive manner . Q8) What strategy is been used by ASDA to enhance working performancethrough productivity? Explanation Offerrecognitionofskilled employees This has helped in retaining of motivation and work upon skills that made enhancement of growth possible (Whyte, Stasis and Lindkvist, 2016). Path of successIt is clear that employees has made it clear that pathway ofsuccesstowardsgoalsachievementinan organization. 14 a) Job rotationb) Training and development 0 5 10 15 20 25 30 35 30 20 Frequency
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Q9) Initiative taken by ASDA to retain its employees? Explanation a) Improve training sessionTraining session has made employees to do more work withmoreproductivity.Thishappenedduetoskills development. b) Ensuring individualismIndividualism has motivated employees and developed moral sense within them. c) Induce higher motivation and morale Employees with the high motivation and morale will retain in the organisation for the longer period of time and also produce the effective outcomes P6) Communicate appropriate recommendation Above analysis it is has been measured that talent management has helped in developing of talent management within the organization. Through adopting of such process achievement of goals and objectives in more effective manner. Due to this equality at workplace has been maintained.AnorganizationlikeASDAhasdevelopedstrategieswhichleadtowards development of internal and external process within an organization. Further it made job satisfaction increased through making better tanning and development process applied. Also it lead over development within an organization possible which makes retention and attraction of candidates possible with more efficiency. Some recommendation has been explained as follows: ASDA has made sustainability to be offered over path by making it easy for employees to gain higher success with development (Yap and et. al., 2017). In relation to ASDA training has been provided that skills has been improved due to increase in knowledge of an individual that made feeling of self belonging to be developed. TASK 4 P7) Reflect value of undertaking project From the researchI havelearnedabout variousaspectsthatisrelatedtotalent- management which made attraction and retention of employees possible. I have marked out that ASDA has been using training and development that made supportive utilization to be developed 15
that made growth and success to be attained by them. As per this I have designed an questionnaire which made assisting over collective respective data with information over candidates. This made better level of knowledge and information to be collected in systematic manner. In relation to this I have made utilization of tools like Gantt chart and Work breakdown structure over activities to be completed within time period specified. In order to over come challenges I have used soft skills with academic learning in making interpretation done in effective way (Young, 2016). CONCLUSION From the report it can be concluded that managing of small business which makes working over various strategies to be implemented towards goals and objectives to be achieved in effective manner. Also talent -management is been used by an organization to help in attaining with retention of potential candidate. This made small-scale research to be done for gaining of suitable employees. Then both primary and secondary research is used to gain productive changes and implementing them. 16
APPENDICES 2 17
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ProjectLogbookforthechosen organisation: Name of the learner:Name of the Supervisor: Project Title:“ Analysing different strategies to be used in a business to attract and retain employees”. Case study on ASDA Date: Update of weekly research/ tasks achieved (Account for a minimum of six weeks with dates)What have you completed? Did you fulfil Task requirements?Are you on track and within deadlines set? Did you need to make any changes to your project management plan? I completed project on topic“Making analysis upon different strategies to be used by an business organization for retaining and attracting employees” Yes, requirements has been filled. Yes, activities tracking is done with deadline No as it is not required Any risks and / or issues identified?Did you identify risks/issues with a lack of skills required for undertaking research tasks?Didyouidentifyanyadditional risks/issues that have an impact on the project management plan? No all skills has been used Yes, time management is used Problems encountered What barriers did you face?Communication is done over respondents Iovercomewithdifficultiesovermysoft 18
How did you overcome them?skills. New Ideas and change of project direction What Have I learnt about myself this week? How did I feel when I had to deal with tasks/problems? How well have I performed? What did I contribute? What can I improve on next week? How might this learning apply in the future? I felt comfortable with clear understanding. I have used efficient skills for performing of work. Ihaveimprovedmyselfthroughliable judgements. It helps conducting similar type of research Tasks planned for next week Which tasks are priority? Haveyousetasidesufficienttimefor completion? Collecting data and interpretation of priority. Yes, using WBS and Gantt chart Projectplanstatustodate(on,ahead, behind) Supervisor comments to address Signature of the Supervisor and date: 19
Performance Review Template What was the Project supposed to accomplish? This project is related with the aim“ Analysingdifferent strategies in order to make attraction and retention of employees to be done”. A case study on ASDA. Did the project succeed in its aims/ how do you know? Specifically, please outline any evaluation and assessment undertaken? Yes, project is to be succeeded over aiming and process for supporting method and questionnaire. What things do you think worked well and why? Evaluate all aspects of the project? Time management works with Gantt chart and WBS. What problems emerged during the project and how were they tackled? Was there timely identification of issues and resolution during the project process? Problems regarding employee behaviour that change according to various situation.It made soft skills to be developed. What did you learn from undertaking the project? My learning over talent management and strategies is used to make attraction of employees possible. How would you rate your performance as a management consultant leading the project? According to my performance in research, I rate myself 7/10 What strengths and weakness of your performance did you identify? Strengths: Data creation, Time management Weaknesses: Communication skills How will this inform and support your continuous professional development? It support to enhance both personal and professional development as by enhancing working potential too. 20
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REFRENCES Books and journals Ahmed, M., Valle, A.M. and Wilkinson, G., 2019. SITProMP: A simplistic approach towards managing IT projects.PM World Journal,8(1), pp.1-9. Elia, G., Margherita, A. and Secundo, G., 25. Building a Project Mindset: A Canvas for ManagingProjectComplexity.InDrivingComplexityPMIItalianAcademic Workshop(p. 169). Englund, R. and Graham, R.J., 2019.Creating an environment for successful projects. Berrett- Koehler Publishers. Kassen, M., 2018. Adopting and managing open data.Aslib Journal of Information Management. Marle, F. and Vidal, L.A., 2016.Managing complex, high-risk projects. London: Springer. Matinheikki and et. al., 2016. Managing inter-organizational networks for value creation in the front-end of projects.International Journal of Project Management.34(7).pp.1226- 1241. Maylor, H., Blackmon, K. and Huemann, M., 2016.Researching business and management. Macmillan International Higher Education. Midler, C., 2019. Crossing the Valley of Death: Managing the When, What, and How of Innovative Development Projects.Project Management Journal.50(4). pp.447-459. Morozov, V., Kalnichenko, O. and Liubyma, I., 2017, July. Managing projects configuration in development distributed information systems. In2017 2nd International Conference on Advanced Information and Communication Technologies (AICT)(pp. 154-157). IEEE. Newton, R., 2016.Project management step by step: how to plan and manage a highly successful project. Pearson UK. Nicholas,J.M.andSteyn,H.,2017.Projectmanagementforengineering,businessand technology. Taylor & Francis. Pal, R., Wang, P. and Liang, X., 2017. The critical factors in managing relationships in international engineering, procurement, and construction (IEPC) projects of Chinese organizations.International Journal of Project Management.35(7). pp.1225-1237. Pearlson, K.E., Saunders, C.S. and Galletta, D.F., 2019.Managing and using information systems: A strategic approach. John Wiley & Sons. 21
Pramanik, D., Mondal, S.C. and Haldar, A., 2020. A framework for managing uncertainty in information system project selection: an intelligent fuzzy approach.International Journal of Management Science and Engineering Management.15(1). pp.70-78. Whyte, J., Stasis, A. and Lindkvist, C., 2016. Managing change in the delivery of complex projects: Configurationmanagement,asset informationand ‘big data’.International Journal of Project Management,34(2). pp.339-351. Yap and et. al., 2017. Collaborative model: Managing design changes with reusable project experiences through project learning and effective communication.International Journal of Project Management.35(7). pp.1253-1271. Young, T.L., 2016.Successful project management. Kogan Page Publishers. 22