Strategies of Managing Talent in Tesco

Managing Successful
Business Project

Table of Contents
Topic: “What strategies of managing talent do the best companies use to ensure attraction and
retention of people?”........................................................................................................................1
INTRODUCTION...........................................................................................................................1
Step 1: Project Planning...................................................................................................................1
Step 2: Conduct primary and secondary research............................................................................6
Research methodology...........................................................................................................6
Undertaking of Secondary Research......................................................................................7
Undertaking of Primary Research..........................................................................................7
Step 3: Present Findings...................................................................................................................9
Communication of Recommendations.................................................................................14
Step 4: Reflective practices............................................................................................................15
Performance appraisal and Log Book Covered in Appendix...............................................15
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................17
APPENDIX I.................................................................................................................................19
Screen shots of PPT..............................................................................................................19
APPENDIX II................................................................................................................................26
Template for Performance Review to be attached with the report by the learner:........................26

Topic: “What strategies of managing talent do the best companies use to
ensure attraction and retention of people?”
INTRODUCTION
Talent management is a process that is used to manage the workforce requirements in
organisation to ensure that all the roles and responsibilities are managed as per specific laid
mission and vision of the organisation. In the changing times there are different talent
management practices that are adopted by organisations to manage their overall workforce. In
present report there is analysis of talent management strategies in Tesco that is one of the leading
retail organisations (Arantes do Amaral, dos Santos and Rodrigues, 2018). Tesco is having
effective talent management process as compared to its other competitive brands like ASDA &
Sainsbury. This retail brand is working towards enhancing the competence and capabilities of
their employees to get a competitive advantage.
Step 1: Project Planning
The report is based on analysing different aspects by use of various sources of information.
There is analysis of different talent management strategies used in Tesco as compared to other
major competitor brands that include Sainsbury’s and ASDA. Further, there is application of
different research methodologies to analyse the a range of strategies that can be used in process
of managing talent in the organisations.
Aim
The aim of current investigation is to, “To evaluate about the strategies of managing
talent that are used by best companies use to ensure attraction and retention of people”. A project
on Tesco Plc.
Objective
 To get better understanding about the concept of talent management along with its
increasing needs with a firm.
 To Determine about some effective talent strategies that are used by best companies to
attract and retain people.
 To evaluate about the impact of talent management strategies on the performance and
success level of Tesco.
Research questions
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 What is meant by the concept of talent management along with its increasing needs with
a firm?
 What strategies of managing talent do the best companies use to ensure attraction and
retention of people?” e?
 What impact would be led by talent management strategies on the performance and
success level of Tesco?
Project management plan is a tool that is used for the purpose of getting detailed overview of
various aspects of research. It is a manageable plan that is formulated to execute the work as per
specific requirements.
Cost: It based on financial requirement in a specific research work. The respective project
management plan there is requirement to fulfil the overall financial requirement associated with
the project. This aspect includes the finance requirement for travelling purposes management
cost, survey cost, project equipments and other petty expenses.
Scope: In this present report work the scope is to determine the best talent management
strategies that can be used for the purpose of retaining and managing of talent (Clarke and
Visser, 2019). The research is going to be very helpful for the future formation of talent
management strategies in context of global retail organisations like Tesco.
Quality: It is a basic attribute that is related to ensuring that set standards of the project
are achieved as per requirements of investigator. In the present report there are some of the
preset standards that are required to enhance the overall Quality of work. For this purpose there
are key performance indicators and appropriate monitoring techniques that are set up. It will
ensure that there is proper maintenance of quality through all over research. Questionnaire will
help in collection of authentic and reliable form of information from the target respondents.
Other different research methods like qualitative and quantitative are also assisting in the process
of collecting the required information.
Communication: Communication is a very crucial aspect in the overall project
management plan. It is the element that helps in proper communication channels that are late in
the process of transmission of all the information that is required are different aspects of project
functioning. Researcher is using various communication tools to ensure that all the teammates
are timely and properly communicated about the tasks to be performed. This tool is also very
helpful in completing the research work and ensuring that there are no conflicts across team.
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Risks: There is always an element of uncertainty and possibility of risks that is part of
every research work. In the present research report risk can be in terms of non achievement of
the laid aims and objective or non meeting up of the deadlines (Worthington and Bodie, 2017).
These anticipatory costs have to be identified in advance by the researcher so that there can be
formulation of appropriate strategies to deal with this future risk.
Resources: There are some of the specific resources which are very crucial and without
which the overall aims and objectives of the research cannot be achieved. It includes time
resources, natural resources and human resources that are essentially required to complete the
research as per specific requirements.
Gantt chart:
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