Talent Management Strategies for Attracting and Retaining Skilled Employees

Managing Successful Business Project
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Table of Contents
Table of Contents.............................................................................................................................2
INTRODUCTION...........................................................................................................................3
PROJECT MANAGEMENT PLAN...............................................................................................5
Gantt chart.......................................................................................................................................6
LITERATURE REVIEW................................................................................................................6
PRIMARY AND SECONDARY RESEARCH..............................................................................9
DATA ANALYSIS.......................................................................................................................11
FINDING.......................................................................................................................................22
CONCLUSION..............................................................................................................................23
RECOMMENDATION.................................................................................................................24
REFLECTION...............................................................................................................................25
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Title- “What talent management strategies do the best companies use to attract and retain
people”. A Case study on M&S.
INTRODUCTION
In recently, the level of competition is high in marketplace because of the demand related
the talented employees. The biggest retailers have been focused on the targeting the talented
people those are handling the business complex situation or condition. Nowadays, organisations
are implementing concept of talent management in organisation which means that increase or
change the overall talent shortage, which in turn increase the competition of talent. Thus, it is
major effect on the entire organisations. The strategies of talent management plays important role
where improving transformational change in the business environment. Talent management is
one of the important factor in the organisation that help for achieving sustainable success
(Sánchez-Ibáñez, Guerrero-Romera and Miralles-Martínez, 2021). The failure of business is
depending on the business environment or culture in marketplace. A conflict issue may arises
among staff members in the workplace and impact on the overall business profitability.
Ultimately, talent management should consider as delivers the strategy and talent in order to
continuous achieve success. The quality of talent throughout the enterprise that are ultimately
leads to the creation and effective execution of successful strategy. Nowadays, different
companies are using talent strategies that help for identifying talented, skilled people, who have
ability to handle entire business complex situation or condition in proper manner. This is all
about the way in which enterprise can attract and retain people through talent strategies.
This documentation will discuss about the talent management strategies that will attract and
retain people within organization. in this report, it will represents the relevant strategies used in
talent management, in order to clarify and support the research topic. This report will discuss the
alignment of talent management strategy in further explained and develop a framework presented
at the chapter. Discussion on the primary and secondary method for gathering or collecting large
amount of information, finding accurate result or outcome with the help of data analysis method
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or technique. Moreover, this documentation will discuss about the project management plan
which include all essential resources, risks, time and quality. Therefore, it will help for
estimating the specific plan to complete research project. On the other hand, it will focus on the
data analysis while gathering or collecting information from questionnaires’’, identifying opinion
or view point for every respondents.
Aim
To understand importance of talent management strategies used by companies to retain skilful
employees- a case M&S.
Objective
 To understand the concept of talent management process to recruit and retain skilful
employees.
 To identify importance of talent management to make companies their workforce strong
and effective
 To evaluate strategies of talent management and their implementation within company.
 To understand challenges to implement talent management strategies
Research question
1) What is the concept of talent management process to recruit and retain skilful employees
for the company ?
2) Importance of talent management and its benefits to the organisation ?
3) Strategies of talent management and its implementation ?
4) What are the challenges companies can face to implement these talent management
strategies ?
Scope of research Significance of research
The study will be based on talent management strategies that are used by the organisation to
return skilful employees who can help them to be more productive and achieve goals and
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objectives. it helps company to grow effectively and they can achieve success within the market
where their operating their business. The study will cover importance of talent management
strategies for the M&S. it is important for the researchers to study about talent management
strategies so companies can use these strategies effectively to take competitive advantages and
they can show their presence within the market and achieve higher growth In the retail industry
(Hughes., 2018).
PROJECT MANAGEMENT PLAN
 Deliverables In
This project plan will help M&S to understand the importance of talent management within their
workplace and company will able to implement more strategies that can make their employees
more effective. in the end of the project successful workforce can be created by the company by
using the talent management strategies. It will help them to take competitive advantages within
the market where their operating their business and they will create a strong team who can help
them to achieve their goals and objectives. skillful employees means company will able to
produce quality products and services and also able to gain the loyalty of the customers.
 Time
Time management is all about using the amount of time allocated a project wisely in order to
meet the schedule deliverable and conclude all work by or before the project completion date.
To complete the project it will require required around three months of time so the outcomes
and full potential will be gained by the company. All the activities will be arranged according to
the time so better outcomes can be achieved and goals can be delivered for the M&S.
 Quality
Quality management planning determines the procedures and quality policies relevant to the
project for both deliverable an processes that helps to define who is responsible for what and
document compliance. To deliver a good quality of the talent management project manager will
use various methods like time management, research methods methodology strategies it is he
will be used by them so best to best deliverable can be created to make the project successful.
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 Communication Risk
The risk of communication refers to the exchange of real time information, opinions and advice
between the expert and people facing threats to their health, economic or social well being the
ultimate purpose of risk communication is to enable the people at the risk to take informed
discussion to protect themselves and their loved ones (Alsawalhah., 2020).
To work on the communication risk within the project, project manager will use various
strategies like group working strategies so the better outcome can be collected and all the team
members can work together to achieve the success and identify the importance of talent
management within the M&S So they can successful.
 Resources
Resources in the project are the people, goods and material and capital that is required to execute
and complete the whole project. to make this project successful proper research method will be
implemented and service will be done so for that funds will be required and that will be arranged
and also people will work within the project are also necessary to achieve the project objectives
and their work will be too make the project successful. good send material will be also required
to make this project successful an project manager will able to identify the importance of talent
management and use of talent management strategy for the company. It will help them to take
competitive advantages within the market where their operating their business and they will
create a strong team who can help them to achieve their goals and objectives. skillful employees
means company will able to produce quality products and services and also able to gain the
loyalty of the customers.
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Gantt chart
Again chart is the graphical description of the project schedule and it is the type of chart that
shows project starting dates Ann are there elements of the project that can also include task of
the project, milestones and dependability. it has to provide overview of the project that makes
easy for the project manager too create complex things into simple.
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NETWORK DIAGRAM
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