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

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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