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Talent Strategies for Attracting and Retaining Employees

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Added on  2022/12/09

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This article discusses the talent strategies used by companies to attract and retain skilled employees. It includes a case study on Sainsbury's and explores the challenges faced by the company in managing and retaining employees. The article also provides insights into the strategies that can be considered by Sainsbury's to address these challenges.

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TOPIC
“What talent strategies do the best companies use to attract and retain people?”
INTRODUCTION
Talent management basically is a way of the usage of tactical character deliver education to
boom company necessities and to make, it potential for company to find out their goals. It is
normal functionality of HR way to get hobby, engaged, boom and manipulate green performing
humans. The key reason of knowledge manipulate is to boom productiveness thru moves that
perform via staff in greater appropriate way (Boštjančič and Slana, 2018). For the very last touch
of this task, Sainsbury’s is taken in consideration. This business organisation challenge feature
its business company in hold area. This assignment will communicate regarding research goals,
dreams and task manipulate plan. Further, it's going to describe about research strategies,
findings and reflective practices.
Research aim- “To examine the strategies used by business venture to get attention and retain
skilled and talented workforce. A case study on Sainsbury’s.”
Research objectives-
To have understanding of the concept of talent management and retention.
To examine the challenges that faced by Sainsbury’s in context of management and
retention of employees.
To study the strategies that can be considered by Sainsbury’s regarding issues of
management and retention of workers.
Research Questions
What is the concept of talent management and retention?
What are the challenges that faced by Sainsbury’s in context of management and
retention of employees?
What are the strategies that can be considered by Sainsbury’s regarding issues of
management and retention of workers?
STEP 1: Project Planning
Project management plan- It refers because the report that is utilise through the control of the
enterprise to offer an reason behind every and every segment of a venture with the assist of
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numerous factors of venture control plan (Goh and Okumus, 2020). This plan consist several
additives like resource fee, high-quality, scope, conversation and danger and many others.
Cost- In order to this research, researcher makes a try and installation the marketplace
which assists them to decide the whole expenditure in ok way so whole charge that is needed to
finish this project is £600.
Scope- This element is related to that notion in which maximisation the overall normal
performance of precise exam report in a advanced manner.
Time- It is regarding with that component which suggests to time outer limits to
undertaking the specific challenge in a green shape. Regarding this research assignment, the
researcher examines the contemporary-day business environment and assignment that assist them
to display in the course of plan time of this assessment. So, the evaluator can test that these
researches devour 2 months of the frame for completion.
Quality- The researcher may want to make a attempt to examine the current market that
directs them to accumulate all relevant records to examine difficulty rely that help in assisting
one of a kind researcher to conduct their research in advanced manner.
Communication- It is a few other appropriate element of assignment manipulate plan this
is related to the overall presentation of anybody and additionally makes manipulate on severa
complexities like confusion, misconception and masses of more. Moreover, in context of these
studies the investigator can rent communication system that encourages them to acquire effective
and suitable facts.
Risk- It is associated with those additives which can be utilized by the researcher to
accomplish the research document in a exceptional enough manner (Sen and Bhattacharya,
2019). Regarding this research assignment, the researcher numerous danger concerning
components of undertaking manipulate plan, false impression, mystifications and project
associated risks and so on.
Resource- Regarding this look at, the researcher require assets like time, economic rate,
human useful aid and equipments such as cell, laptop and plenty of more to carry out the observe
in better manner.
Work breakdown structure- It is a method and technique that can be used thru the investigator
to conduct research in appropriate way. Work breakdown association can be defined as the vital
aspect deliverable of the mission that is important in setting up and handling severa task of the
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challenge in effective way. It is a sizeable device that assists in simplifying vital project in to
small portions. So that researcher can control one-of-a-kind assignment in essential fashion
(Pandita and Ray, 2018). Work Breakdown shape can be hooked up in time period of
hierarchical tree that permits you to motive classifies first rate sports activities of research report
in small components in context of research project in improved form.
Gantt chart- It may be provide a cause of as an effective approach to be able to assist in coping
with and performing numerous mission and sports in required time body. This device modified
into evolved thru and American Engineer Henry Gantt with the purpose of enabling investigator
to control all sports activities or challenge in altered form (Cui, Khan and Tarba, 2018). Gantt
chart is set up in the form of horizontal bar chart that incorporates each and every sports
activities of take a look at with its time. It is advanced with several elements together with listing
of challenge or sports activities sports, time-body, dateline, bards, milestones, assigned
belongings, boom and plenty of extra. It is considered as maximum famous shape that show the
venture with the require time.
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STEP 2: Conduct Primary and Secondary Research
Quantitative research method- Under this, the information and facts is assembled in shape
of graph, factors to draw graphs, rows and column in tables. The compilation of statistics is in
arithmetical instruction which is pools, questionnaire, look at, on-line study Smartphone,
feedback, interview, foremost and many more (Walford-Wright and Scott-Jackson, 2018). It
gathers powerful and dependable facts this is accumulated in simple type with the aid of
researcher and useful for checking out and drawing thoughts.
Qualitative research method- It is an interest that confuses the that means of normal
look at of examine on form of pattern to discover what problems or revisit in willpower. It is a
especially beneficial technique to indicate ability additives, aid, competence and active activities
in addition to inspection is important in easy framework purpose of exemplify research tool. It
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studies lots of time and charge purpose of collecting suitable facts, analysing and defining them
turns into a totally long approaches.
Primary method of data collection- With the assistance of this records series tool, the
research can acquire and gather natural and clean facts. There are numerous tools like group
dialogue, interview questionnaire and survey and so forth. Through which researchers can
assemble powerful and relevant facts.
Secondary method of data collection- The information which is gathered with the
utilisation of secondary supply and it is available within the marketplace. There are extraordinary
strategies like journals, articles, books, and inner information of companies, government web
sites, magazines and many extra (Meister and Willyerd, 2021). These all tools may be utilized by
the researcher that allows the researcher to collect and gather records.
From the defined data collection methods, the investigator will utilise both primary and
secondary method of information gathering so that efficient content can be collect. It will assist
in accomplishing the investigate scheme in vital manner by satisfying the requirements of its aim
and motive.
Sampling- It is a tool and approach it is used by a business organization employer to choose and
assort a small length specimen for a big unit of peoples and network. It permits the investigator
to acquire appropriate and precise records to fulfil investigator surveys. In this research paper,
the investigator selects a length of 30 peoples from people of Sainsbury and examines smooth
arbitrary sampling.
Questionnaire- It shows a written element which includes a series of queries or a span of queries
to accumulate clean records from its centered and decided on amount of peoples. It is an
important tool as through manner of sporting out this technique, the investigator can right now
touch and react with human beings and gather appropriate statistics as constant with requirement.
Questionnaire
Questionnaire
Q1. Do you aware with the concept of talent management and retention?
(a) Yes
(b) No
Q2. What are the challenges that faced by Sainsbury’s in context of management and
retention of employees?
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(a) Lack of leadership
(b) High employer turnover
Q3. What are the strategies that can be considered by Sainsbury’s regarding issues of
management and retention of workers?
(a) Equal development opportunities
(b) Effective remuneration and compensation
Q4. What is the significance of talent management and retention?
(a) Improvement in organisational productivity
(b) Growth in revenue and profitability
STEP 3: Present Findings
Theme 1: Concept of talent management and retention
Q1. Do you aware with the concept of talent management and
retention?
Frequency
(c) Yes 17
(d) No 13
Interpretation- This has been analysed that among the selected inhabitants of 30 human beings,
17 people are agreed that they're well conscious with talent corporation and retention concept.
While ultimate thirteen representatives are answered that they have not any sort of facts
regarding this idea.
Theme 2: Challenges that faced by Sainsbury’s in context of management and retention of
employees
Q2. What are the challenges that faced by Sainsbury’s in context of Frequency
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management and retention of employees?
(a) Lack of leadership 16
(b) High employer turnover 14
Interpretation- From the defined graph, it's been concluded that the various 30 responders, 16
respondents are agreed with lack of management is a key undertaking at the same time as final
14 people are supported to high agency turnover is the primary challenge that's confronted
through Sainsbury’s in the course of attracting and preserving human beings.
Theme 3: Strategies that can be considered by Sainsbury’s regarding issues of management
and retention of workers
Q3. What are the strategies that can be considered by Sainsbury’s
regarding issues of management and retention of workers?
Frequency
(c) Equal development opportunities 18
(d) Effective remuneration and compensation 12
Interpretation- It has been summarised for the described data that many of the populace of 30
man or woman, 18 human beings are agreed with effective remuneration and repayment is the
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quality strategy. While enduring 12 are replied that identical improvement opportunity is the
important thing approaches with the intention to control challenges of expertise management and
retention.
Theme 4: Significance of talent management and retention
Q4. What is the significance of talent management and retention? Frequency
(a) Improvement in organisational productivity 14
(b) Growth in revenue and profitability 16
Interpretation- This has been concluded form the defined statistics that among the selected
population of 30 employees, 14 workers are responded that improvement in organisational
productivity is the key importance of talent management and retention. While enduring 16
individuals are replied that growth in income and profit margins is the main significance of talent
management and retention.
STEP 4: Reflective Practice
Recommendation: As in step with referred to facts, it's been analysed that reason of powerful
administration and retention of certified employees, there are various troubles suffered by using
the management of respective undertaking which includes maximise worker turnover and lack of
management. Regarding recover from those troubles and complexities, there are some
suggestions that can be covered thru the management of Sainsbury’s:
By organising education and improvement programmes with the company after unique
time duration, the company can preserve proficient and informed employees. Also, they are able
to remember effective policy inside the corporation so that all the personnel can equal and
comparable treatment regarding growth possibilities and others.
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Additionally, with the aid of remunerating and compensating personnel on the bottom of
their execution. It will allow in preserving and staying pinnacle skills with the organization
because humans are rewarded with powerful pay they feel advocated and display loyalty
concerning the company.
Reflection: During the time of acting and doing my obligations and art work in the studies file, I
use my talents and expertise further to just so I can entire my art work well timed or in
appropriate way. The execution and alertness of WBS and Gantt chart hold me in segmenting my
artwork on precedence simply so I can accomplish the research dreams in amended shape. There
are several strategies at the side of studies strategies and information series tools are utilised via
me to accumulate relevant and effective facts to satisfy the studies goal and dreams in ok way.
With the usage of effective talents like communication potential, time management and research
potential aid me in finishing this assignment in better shape.
CONCLUSION
This has been summarised from the above referred to content that talent control is the
suitable technique of preserving and coping with skilled humans of the company via using one-
of-a-kind techniques like praise gadget, training and development, improvement options and
many extra. With the use of Gantt chart, paintings breakdown structure and task management
plan, the researcher can obtain its needed paintings project and goals in proper form. With the
help of efficient studies methods and information collection device, investigator can obtain and
meet research targets in set time.
REFERENCES
Books & Journals
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Boštjančič, E. and Slana, Z., 2018. The role of talent management comparing medium-sized and
large companies–major challenges in attracting and retaining talented employees. Frontiers in
psychology, 9, p.1750.
Goh, E. and Okumus, F., 2020. Avoiding the hospitality workforce bubble: Strategies to attract
and retain generation Z talent in the hospitality workforce. Tourism Management
Perspectives, 33, p.100603.
Sen, K. and Bhattacharya, A., 2019. Attracting and managing talent, how are the top three hotel
companies in India doing it?. Worldwide Hospitality and Tourism Themes.
Pandita, D. and Ray, S., 2018. Talent management and employee engagement–a meta-analysis of
their impact on talent retention. Industrial and Commercial Training.
Cui, W., Khan, Z. and Tarba, S.Y., 2018. Strategic talent management in service SMEs of
China. Thunderbird International Business Review, 60(1), pp.9-20.
Walford-Wright, G. and Scott-Jackson, W., 2018. Talent Rising; people analytics and technology
driving talent acquisition strategy. Strategic HR Review.
Meister, J.C. and Willyerd, K., 2021. The 2020 workplace: How innovative companies attract,
develop, and keep tomorrow’s employees today. HarperCollins Publishers Inc.
Matongolo, A., Kasekende, F. and Mafabi, S., 2018. Employer branding and talent retention:
perceptions of employees in higher education institutions in Uganda. Industrial and Commercial
Training.
Karacay, G., 2018. Talent development for Industry 4.0. In Industry 4.0: Managing the digital
transformation (pp. 123-136). Springer, Cham.
Dabirian, A., Paschen, J. and Kietzmann, J., 2019. Employer branding: Understanding employer
attractiveness of IT companies. IT Professional, 21(1), pp.82-89.
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