What talent strategies do the best companies use to attract and retain people?

Unit 6 – Managing a
Successful Business
Project

Contents
Project Title: “What talent strategies do the best companies use to attract and retain people?”.....1
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1: Devise clear aims and objectives for your project................................................................1
P2 Produce a project management plan that covers, aim and deliverables, time, quality,
communication, risk and resources..............................................................................................1
P3. Produce a work breakdown structure and Gantt chart to provide timeframes and stages for
completion...................................................................................................................................1
TASK 2............................................................................................................................................1
P4. Carry out small-scale research by applying qualitative and quantitative research methods
appropriate for meeting project aims and objectives methodology.............................................1
TASK 3............................................................................................................................................1
P5. Analyse research and data using appropriate tools and techniques.......................................1
P6. Communicate effective suggestions as outcome of finding and data analysis......................1
TASK 4............................................................................................................................................1
P7 Reflect on the value of undertaking the project to meet stated objectives and own learning
and performance..........................................................................................................................1
CONCLUSION................................................................................................................................1
REFERENCES................................................................................................................................2

Project Title: “What talent strategies do the best companies use to attract and
retain people?”.
INTRODUCTION
Talent management is considered as the procedures or approach of strategic method of obtaining
appropriate talent as well as aids them in attaining higher abilities to accomplish firm’s
objectives. Moreover, the concept of talent management is vital as this aids them to enhance the
high productivity into work area. In addition to this, there are several numbers of strategies
which could be utilised through firm for talent management like rewards, recognitions and many
others. It would be helpful in attracting and retaining skilful individuals. For this, report, the
undertaken company is Marks & Spencer, this is one of the renowned retailers which have
headquarters is in London, England, United Kingdom. That mainly deals in clothing home items
and food items. The topics that are described in this report are project aims, objectives, Gantt
chart and work break down structure. Moreover, the research methodology and data
interpretation are also explained. Apart from this, the recommendation and reflection are also
provided in this report.
TASK 1
Devise clear aims and objectives for your project.
Project Aim:
“To analyse the strategy that are used to retain and attract competent workforce. A Case
Study on Marks & Spencer”.
Project Objectives:
 To understand the concept of Talent management.
 To evaluate the several strategies for developing staff retention.
 To determine the various advantages to Marks & Spencer by talent retention.
Research questions:
 What do understand by the concept of talent management?
 What are the several strategies required for developing staff retention?
 What are the various advantages to Marks & Spencer by talent retention?
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Produce a project management plan that covers, aim and deliverables, time, quality,
communication, risk and resources.
For accomplishing the project, this needs systematised procedures to be complying that
included number of phases, methods and specific practices called project management plan.
Respective management plan concentrates upon providing effectiveness to attainment of
strategic goals in effective way. Marks & Spencer concentrates upon developing a successful
Project management plan for effectual decision taking within entity. The stages of formulating
project management plans are discussed below in respect of this project:
 Cost: It is regarded as the costs which are required by project manager for completing the
project in appropriate and efficacious way. Additionally, the cost that is needed for this
specific research is £1000 to complete this project in effective way.
 Time: The time undertaken for accomplishing the specific project is vital aspects that are
undertaken through respective firm to concentrate upon project time scale. If project is
considered through administrative to accomplish, this takes about 6 weeks of time period
for completing the project.
 Scope: There is a board project reach within Marks & Spencer as the techniques,
concepts and tools utilised to develop them are adapted across the world. In addition to
this, firm accept talent management as well as determine this advantageous at wider
level.
 Quality: Respective aspects of project management plan concentrates upon quality of
information that are obtained from the project. Along with this, it highlights how
effectual is as well as their quality with assistance of TQM total quality management.
Herein, the project manger opt effective primary as well as secondary functions by
quality source of knowledge resources for accomplishing project.
 Communication: Appropriate communication while develop project plan is vital to
assures that gaols as well as messages are performed consequently. So, for instance, the
research and project manager may used some tools like social media, e-mails and others
are utilised as the means of communications for undertaking the project into entity.
 Risk: This is undertaken as the vital factors which analyse risk that are occurred during
project management plan. Moreover, the risks that are incorporated into respective
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