What talent strategies do the best companies utilise to attract and retain individuals?

This document discusses talent management strategies used by businesses to attract and retain skilled workers. It includes a case study on Sainsbury's Plc, research aims and objectives, and a project management plan.

Managing a Successful
Business Project

Contents
TITEL..............................................................................................................................................1
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1. Produce project aims and objectives.....................................................................................1
P2. Devise a project management plan which consider different aspects...................................2
P3. Explain a work breakdown structure and a Gantt Chart........................................................3
TASK 2............................................................................................................................................4
P4. Produce small scale research applying primary and secondary methods..............................4
TASK 3............................................................................................................................................7
P5. Demonstrate findings and data using effective tools and techniques....................................7
P6. Communicate effective suggestions as an outcome of findings and data analysis.............11
TASK 4..........................................................................................................................................11
P7. Reflect the value of undertaking the project to meet stated objectives...............................11
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13

TITEL
What talent strategies do the best companies utilise to attract and retain individuals?
INTRODUCTION
Talent management generally is an activity and procedure of using strategic individual
source preparation to improve business standards and to make, it possible for establishment to
identify their aims. It is overall potential of HR process to attract, involved, develop and
administrate effective executing individual. The key objective of talent management is to
enhance productivity by actions that execute by manpower in more effective form. For the
completion of this assessment, Sainsbury’s is the company which is considered (Al-Lozi,
Almomani and Al-Hawary, 2018). It is the second largest chain of supermarkets in UK which
was incorporated in 1869 and is operating its business in at global scale with its number of
commodities. This project will discuss about research aims, objectives and project management
plan. Moreover, it will explain about research methods, determination of research information,
recommendation and reflection on the value of undertaking the research.
TASK 1
P1. Produce project aims and objectives
Background of the topic and organisation- This research document will consider information
regarding talent management and retention that is an activity of managing and retaining talented
workers of the company and make an efficient engagement in the development of the company. J
Sainsbury Plc trading as Sainsbury’s is the second largest chain of supermarkets in the UK. This
firm was established in 1869 and is headquartered in London, England, UK. The firm operate its
segments such as retail, financial services and property investment (J Sainsbury PLC. 2020). The
retail segment is involved in the operation of supermarkets and convenience. This venture
operates its business in different nation of the world with the help of its outlets and its online
services.
Research aim- “To demonstrate the strategies utilised by business establishment to attract and
retain talented workers. A case study on Sainsbury’s Plc.
Research objectives
 To acknowledge the conception of talent management and retention.
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 To analyse the issues that are faced by Sainsbury’s Plc due to lack of management and
retention of employees in the company.
 To determine the strategies which can be considered by the management of Sainsbury’s to
retain and manage skilled people of corporation.
Research questions
 What is the concept of Talent management and retention?
 What are the obstructions that are arisen within the firm during management and
retention of talented workforce?
 What are the strategies that are used by the management of Sainsbury regarding
administration and retention of skilled employees?
P2. Devise a project management plan which consider different aspects
Project management plan
It signifies as the document that is use by the administration of the firm to define each and
every stage of a project with the help of numerous aspects of project management plan, This plan
consider different factors such as resource, cost, quality, scope, communication and risk etc. that
enable an individual to attain the specific document in an appropriate way in set time period
(O’Connor and Crowley-Henry, 2019). Regarding this research project, surveyor can take an
initiative in analysing different components which is required for attaining effective result and
they are defined as under:
Cost- It is considered as one of the crucial aspect for conducting a specific study as it assist
in getting efficient equipment in an appropriate way. In addition to this, cost indicates to those
aspects that obtain at the time of procedure of plan o the particular project in adequate way. In
order to this investigation, researcher makes an attempt to establish the marketplace which assists
them to determine the entire expenditure in adequate manner. So whole cost which is required to
complete this document is £600
Scope- This component is related with that perception in which maximisation the overall
performance of specific investigation document in a developed manner (Mohammed, Baig and
Gururajan, 2019). Though, as the market rivalry and growth option are maximising at quick
pace, it expands the scope of research in gathering adequate information or thoughts and
techniques for accomplishing the work in more developed manner.
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Time- It is relating with that aspect which indicates to time perimeter to attaining the
specific task in an efficient form In addition to this, with the assistance of this aspect, researcher
is capable to implement positive results over selected people that improve its quality and
execution. Regarding this research project, the researcher analyse the current business
environment and task that help them to monitor towards plan time of this assessment. So, the
surveyor can analyse that this research consume 2 months of the frame for completion.
Quality- It consider as most important because it directly linked with project productivity
between the diverse sector and population (Mohammed, 2018). Thus, the researcher can make an
attempt to analyse the current marketplace that leads them to collect all relevant information to
research topic which assist in supporting other investigator to conduct their research in
developed manner.
Communication- It is another appropriate aspect of project management plan that is
connected with the performance of each person and also make control on numerous complexities
like confusion, misunderstanding and many more. Moreover, in context of this research the
researcher can make utilisation of communication channels that motivate them to acquire
effective and appropriate information.
Risk- It is linked with those components which are used by the investigator to accomplish
the research report in an adequate way. Regarding this research project, the researcher numerous
threat regarding formulation of project management plan, misunderstanding, confusions and
project related hazards etc.
Resource- It mentions to those components and aspects which are considered by the
researcher in term of accomplishment of research in more adequate style (Ali and Guha, 2018).
In context of this research, the investigator require resources like time, monetary value, human
resource and equipments such as mobile, laptop and many more to conduct the survey in
adequate manner.
P3. Explain a work breakdown structure and a Gantt Chart
Work break down structure- It is a method and technique that can be utilised by the researcher
to conduct investigation in appropriate way. Work breakdown structure can be defined as the key
deliverable of the project that is crucial in organising and managing diverse task of the project in
effective manner. It is a significant tool that support in simplifying critical task in to small
portions. So that researcher can manage different project in crucial style. Work Breakdown
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structure can be demonstrated in term of hierarchical tree that will lead to classifies different
activities of investigation report in small parts in context of research project in improved form.
Gantt chart- It can be explain as an effective technique that will help in managing and
performing several task and activities in required time frame. This tool was developed by and
American Engineer Henry Gantt with the purpose of enabling researcher to manage all activities
or task in amended form. Gantt chart is demonstrated in the form of horizontal bar chart that
includes each and every activities of investigation with its time (Natarajan and Babu, 2018). It is
developed with several factors such as list of task or activities, timeframe, dateline, bards,
milestones, assigned assets, growth and many more. It is considered as most popular form that
display the task with the require time.
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TASK 2
P4. Produce small scale research applying primary and secondary methods
Research methodology
It is the process of utilisation of instruments and methods to regulate the data regarding
the investigation. It is dependent on the systematic form which is related with the individual form
of supposition used for arranging investigation. The investigation has been arranged to search out
the main issues and the utilisation of technical knowledge in the production if occupation in few
countries. There are two types of research methodologies which are given below:
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Qualitative method- It is a process that complicates the meaning of classic research of
study assess on form of standard to find what consequences or return is analyse. It is a basic
expressive investigation (Rawashdeh, 2018). It is a technical research procedure of collecting
data which is monitoring of gathering data in non statistical data of focused theory, proposals and
inspiration. It is a highly successful process to recommend possible ingredients, origin,
efficiency and energetic action as well as its observation is comprehensible in simple structure
due to illustrative investigation technique. It examines lots of time and price due to collection of
immense information, deciding and explaining them becomes a very long process.
Quantitative method- Within this process, the data is gathered in type of grades, elements
to draw graphs, rows and columns in tables. This analysis finished in technical form with the
instruments of mathematical, numerical, graphs, bars and tables. The collection of information is
in numerical arrangement which is pools, questionnaire, research, online research, telephone,
feedback, interview, mail and so on. It collects appropriate and precise data which is collected in
simpler type by investigator and helpful for testing and drawing ideas with a large range of data
collecting. As needful and less data the execution of numerical investigation may impact
unfavourably to calculate or research data due to the huge specimen size required for efficient
data.
Create the described investigation methodologies; it can be observed that for the
achievement of this investigation scheme in a successful way, the investigator can use qualitative
technique. Researcher selects this instrument as it is helpful in collecting unmixed and first hand
data towards a particular subject (Kiragu, Kipkebut and Kipchumba, 2020). With the support of
this research method, investigators can get concise and huge information that can be productive
to achieve analysis points and purposes.
Data collection tools
It shows those methods and instruments which are used through the researcher to gather
information. There are two type and origin of collecting data, they are explained as below:
Primary source- With the support of this information gathering instrument, investigators
can gather neat and first hand data through making straight contact and discussion. There are
various techniques such as group discussion, interview, questionnaire and survey etc. by which
investigators can collect appropriate and precise information.
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Secondary source- It demands second hand data which is already reachable on various
sites and gathered as well as used by other persons. There are many methods such as government
sites, journals, books, articles, internal records of enterprises, reports and websites, magazines
and so on by which information can be collected by investigators.
From the defined origin of information gathering, it can be calculated that in the current
investigation paper, the investigator carries out the basic origin of information gathering as it is
successful to collect sufficient data and precise data from a chosen sample of specimens
(Guðmundsdóttir and Helgudóttir, 2018). In existing investigation papers, the investigator can
utilise survey form as an instrument of basic origin of data collection.
Sampling- It is an instrument and technique which is used by a business firm to select and assort
a small size specimen for a large unit of peoples and community. It helps the investigator to
collect appropriate and precise data to fulfil investigator surveys. In this investigation paper, the
investigator selects a size of 30 peoples from workers of Sainsbury and examines easy arbitrary
sampling.
Questionnaire- It shows a written detail which contains a sequence of queries or a span of
queries to gather clear information from its focused and chosen amount of peoples (Olufemi,
Afegbua and Etim, 2020). It is an important instrument as by carrying out this method, the
investigator can immediately contact and react with people and collect appropriate data as per
requirement.
Questionnaire
Q1. Do you familiar with the concept of Talent management and retention?
(a) Yes
(b) No
Q2. What are complexities that are faced by the administration of Sainsbury’s during
management and retention of skilled workforce?
(a) Lack of leadership
(b) High employer turnover
Q3. Which strategies can be considered by the management of Sainsbury’s in term of
administrating and retaining qualified and talented manpower?
(a) Effective remuneration and compensation
(b) Equal development opportunities
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Q4. Do you agree that talent management and retention crucial and significant for
Sainsbury’s?
(a) Yes
(b) No
Q5. What is the essentialness of Talent management for Sainsbury’s Plc?
(a) Development of organisation
(b) Retaining high performance workers
Q6. What is the key function that played by Sainsbury’s for developing employee
development in working environment?
(a) Training & development
(b) Supporting problem solution
Q7. Provide effective propositions to deal with the issues of Talent management.
TASK 3
P5. Demonstrate findings and data using effective tools and techniques
Theme 1: The concept of Talent management and retention
Q1. Do you familiar with the concept of Talent management and
retention?
Frequency
(a) Yes 16
(b) No 14
Interpretation- From the defined information, it can be summarised that among the population
of 30 individuals 16 are responded that they are familiar with the conception of talent
management when enduring 14 are replied that they are not ware with this concept.
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Theme 2: Complexities that are faced by the administration during management and
retention
Q2. What are complexities that are faced by the administration
of Sainsbury’s during management and retention of skilled
workforce?
Frequency
(a) Lack of leadership 17
(b) High employer turnover 13
Interpretation- It has been determined form graphical representation that it among the
responders of 30 people 17 workers are responded with lack of leadership is one of the key
issues which can be faced by the management of Sainsbury in term of administrating retaining
knowledgeable employees. Whereas remaining 13 are viewed that high employer turnover is key
confront which suffered by the management of respective firm.
Theme 3: Strategies can be considered by the management in term of administrating and
retaining talented manpower
Q3. Which strategies can be considered by the management of
Sainsbury’s in term of administrating and retaining qualified
and talented manpower?
Frequency
(a) Effective remuneration and compensation 18
(b) Equal development opportunities 12
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Interpretation- This visual communication demonstrates that among the group of 30 people, 18
employees are supported to reward and compensation is the effective strategy which can be
followed by the specific venture in term of managing and retaining talented people. Whuke
remaining 12 are agreed with equal growth option is effective technique which can be considered
by the organisation.
Theme 4:
Q4. Do you agree that talent management and retention crucial
and significant for Sainsbury’s?
Frequency
(a) Yes 11
(b) No 19
Interpretation- It has been monitored that from the above numerical diagram that between the
unit of 30 employees, 11 are responded that they are agreed that talent management is crucial for
organisation in term of making development in the company by making contribution of
employees effective skills and knowledge, Whereas remaining 19 are disagreed with it that it is
not much important.
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Theme 5: The essentialness of Talent management for Sainsbury’s Plc
Q5. What is the essentialness of Talent management for
Sainsbury’s Plc?
Frequency
(a) Development of organisation 10
(b) Retaining high performance workers 20
Interpretation- This has been determine from the graph that among the population of 30
workers 10 are supported that talent management and retention is significant for growth of
establishment whereas enduring 20 are viewed that it is essential or retaining high skilled and
knowledgeable employees.
Theme 6: Key function that played by Sainsbury’s for developing employee development
Q6. What is the key function that played by Sainsbury’s for
developing employee development in working environment?
Frequency
(a) Training & development 14
(b) Supporting problem solution 16
Interpretation- From the mentioned statistical information, this has been summarised that
between the group of 30 people, 14 are agreed with training and development is the main
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function which played and effective role in improving workers growth while remaining 16 are
supported to supporting problem solution is major role which played by the management of
particular firm.
P6. Communicate effective suggestions as an outcome of findings and data analysis
As per mentioned information, it has been analysed that cause of effective administration
and retention of qualified workers, there are numerous issues suffered by the administration of
respective venture such as maximise employee turnover and lack of leadership. Regarding get
over these issues and complexities, there are some suggestions that can be included through the
administration of Sainsbury’s:
 By organising training and development programmes with the firm after specific time
duration, the firm can keep talented and knowledgeable workers. Also, they can consider
effective policy within the company so that all the employees can equal and similar
treatment regarding growth opportunities and others.
 Additionally, by remunerating and compensating employees on the base of their
execution. It will enable in retaining and staying top talent with the company because
people are rewarded with effective pay they feel encouraged and show loyalty regarding
the firm.
 The administration of the firm must powerful guidelines and policies that are effective to
manage staff and managing the problems that generated inside the running environment.
 By making fairness and imparting same pay to those personnel who're operating on equal
role, the management can also do away with administrative center troubles which can be
passed off due to variations amongst demographic elements
TASK 4
P7. Reflect the value of undertaking the project to meet stated objectives
At the time of executing and doing my duties and work in the investigation report, I utilise
my abilities and knowledge as well as so that I can contend my work on time or in effective
from. In this, my management ability supports me effectively and with these skills, I categorised
my work adequate on the base of priority and meet its objective in set time duration. With the
assistance of my excellent communication skill, I make interaction different individual who
belong from diverse religions and culture as well as use different language in their
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communication. The implementation of WBS and Gantt chart assist me in categorising my work
on priority so that I can meet the research objectives and aim in more developed manner. With
the help of this research project, I make improvement in my personal and professional
competencies. Additionally, I also develop my administration skill because WBS tool assist me
in managing my work by classifying and segmenting it in small portions. There numerous tools
like research methods and data collection techniques etc. are used by me to assemble reliable and
effective information to meet the research assessment objective appropriately. Apart from it, i
make improvement in my unique competencies like verbal exchange, I collect statistics by the
usage of questionnaire as data collection tool so while i collect information i meet exceptional
those who belong from special countries and use specific languages and gain facts approximately
their lifestyle. Due to completing my task well timed i also make improvement in my time
control ability. By the usage of suitable research techniques and information series technique i
accumulate dependable information which assists in keeping the nice of the venture.
CONCLUSION
This has been analysed from the explained data that talent management is an appropriate
activity of administrating and retaining talented workers of the company to make their
contribution in the development of the company. In context of this, the venture can consider
several rewards, compensation, training & development, development opportunities and others.
With the utilisation of Gantt chart, WBS and project management plan, the investigator can
accomplish its required task and goals in appropriate manner. Effective research method and data
gathering techniques also assist research in meeting research objectives.
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REFERENCES
Books & Journals
Al-Lozi, M.S., Almomani, R.Z.Q. and Al-Hawary, S.I.S., 2018. Talent Management Strategies
as a Critical Success Factor for Effectiveness of Human Resources Information Systems in
Commercial Banks Working in Jordan. Global Journal of Management And Business Research.
O’Connor, E.P. and Crowley-Henry, M., 2019. Exploring the relationship between exclusive
talent management, perceived organizational justice and employee engagement: Bridging the
literature. Journal of Business Ethics, 156(4), pp.903-917.
Mohammed, A.A., Baig, A.H. and Gururajan, R., 2019. The effect of talent management
processes on knowledge creation. Journal of Industry-University Collaboration.
Mohammed, A.A., 2018. An investigation into the relationship between talent management
processes and knowledge management processes: a case of the higher education sector in
Queensland, Australia (Doctoral dissertation, University of Southern Queensland).
Ali, M. and Guha, S., 2018. Talent management in South Asia: Prospects and
challenges. Bangladesh Journal of Public Administration (BJPA), 26(2), pp.1-16.
Natarajan, S. and Babu, S., 2018. A study on talent management practices for succession
planning with reference to selected IT/ITES organizations in Coimbatore, Tamil
Nadu. Prabandhan: Indian Journal of Management, 11(10), pp.54-62.
Rawashdeh, A.M., 2018. The Impact of Talent Management Strategies on Bank Performance in
Jordanian Commercial Banks. Modern Applied Science, 12(12), pp.49-56.
Kiragu, L.N., Kipkebut, D.J. and Kipchumba, S., 2020. EFFECT OF EMPLOYEE
DEMOGRAPHIC CHARACTERISTICS AND TALENT MANAGEMENT PRACTICES ON
ACADEMIC STAFF RETENTION: A CASE OF ACADEMIC STAFF IN UNIVERSITIES IN
KENYA. International Journal of Business Management and Finance, 3(2).
Guðmundsdóttir, S. and Helgudóttir, J., 2018. Selection and retention of talent. International
Journal of Work Organisation and Emotion, 9(1), pp.36-44.
Olufemi, F.J., Afegbua, S.I. and Etim, E., 2020. Talent Management and Public Sector
Performance: An Assessment of Lagos State Ministry of Education, Nigeria. The Journal of
Social Sciences Research, 6(9), pp.845-855.
Online
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J Sainsbury PLC. 2020. [Online]. Available Through:
<https://in.reuters.com/finance/stocks/company-profile/SBRY.L>.
What is Work Breakdown Structure in Project Management?. 2020. [Online]. Available
through:<https://www.wrike.com/project-management-guide/faq/what-is-work-breakdown-structure-
in-project-management/>.
What Is Work Breakdown Structure?. 2020. [Online]. Available
through:<https://www.planview.com/resources/articles/work-breakdown-structure/>.
What is a Gantt chart?.2020. [Online]. Available
through:<https://www.apm.org.uk/resources/find-a-resource/gantt-chart/>.
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