Talent Strategies for Attracting and Retaining Employees

Unit 6 – Managing
Successful Business
Project
1

What talent strategies do the best companies use to attract and retain people?...............................3
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................4
Project aim and objectives for a chosen scenario...................................................................4
Project plan.............................................................................................................................4
Work breakdown structure and a Gantt Chart........................................................................6
Primary and secondary methods appropriate for meeting project aims and objectives.......10
Present findings....................................................................................................................13
Recommendation..................................................................................................................20
Reflection.............................................................................................................................21
CONCLUSION..............................................................................................................................21
REFERENCES..............................................................................................................................23
2

What talent strategies do the best companies use to attract and retain people?
INTRODUCTION
Managing a successful business plan is termed as a procedure of effectively analysing business
plan with the help of planning, organising, directing and controlling different type of business
task in order to accomplish objectives (Nura and Yuniarsih, 2021). Talent management plays
essential role for an organisation through which organisation can not only retain talented
employees for long time period but can also gain more competitiveness in industry. Present
report has been conducted on Tesco which is operating its functioning in retail industrial sector.
This report revolves around the aim of the talent management strategies impact upon
organisational workplace structure. For this research objectives has been developed research also
include data analysis project management plan and recommendations.
3

MAIN BODY
Project aim and objectives for a chosen scenario
Research Aim-
“To identify the benefits of talent management strategies to manage talent in workplace”
A case study of TESCO
Research Objectives-
 To understand talent management concept.
 To determine the challenges of implementing talent management strategies.
 To identify the strategies of talent management through which TESCO can manage talent
in effective ways.
Research Questions-
 Explain talent management concept?
 What are the challenges of implementing talent management strategies?
 What are the strategies of talent management through which TESCO can manage talent
in effective ways?
Project plan
Project management is termed as a project documentation that effectively outlines project
scope timeline budget and business plan goal. With the help of project management plan
accomplishment of activities can be done within set time frame.
Scope-
Present research report is having high scope as it allows investigator to determine the impact of
talent management strategy through which organisation can manage talent in effective manner
(Polo, 2021). With the help of this research report organisation can maximize performance of
employees and can kitten talent in effective manner.
Cost-
4

This is the overall cost which is required to enough to manage or accomplish project
activities. It is one of the most important component of project management plan through which
investigator accumulate resources in order to conduct project activities in effective manner.
Total forecasted budget
Particular 2018-19($)
Implementing technology cost 100
Promotional expense 40
Advertisement expense 60
Catalogues 35
Training charges 65
Total cost 300
Time-
It is as an estimated time duration in which researcher is required to accomplish all the activities.
With the help of this component of project management researcher divide time equally to each
and every activity in order to conduct them in effective manner.
Quality-
It is also one of the most important components of project management plan through
which research accomplish research in accurate and reliable manner. To conduct present research
various amount of method has been undertaken by investigator in order to conduct research with
the help of various information and data.
Communication-
It is essential for researcher to take use of effective communication channel in order to
provide accurate and right information accumulated from various sources to all the stakeholders.
In order to conduct present research investigator with the help of telephonic communication, face
to face communication, email to provide information to associated individuals.
Risk-
5

It is the major component of project management plan as to conduct any research. Investigator
will face risk in order to ensure successful outcomes (Priya, 2021). It is essential for investigator
to determine the factors that can cause risk and implement strategies to overcome them.
Resources-
This component of project management plan include various resources such as finance,
human resource through which accomplishment of project will be undertaken in an effective
manner. It helps in accomplishing project goals and objectives in a successful way.
Work breakdown structure and a Gantt Chart
It is an effective technique through which project management can be done in an effective
manner. It is the technique for making the information valuable in a more successful way (Refan
and Suciratin, 2021). This will characterize the breakdown of the assignment so it tends to be
finished in a proper way.
It is the hierarchical description of the whole assignment which is depict according to their
course of events and furthermore help in better comprehension of the objective of the
examination so that each undertaking should be possible in a compelling way.
6

Gantt chart
Gantt diagram is resolved as a sort of bar which layout the exercises just as length for directing
exploration in powerful and proper way (Amrainy and Nawangsari, 2021). With the assistance of
Gantt diagram researcher can achieve exercises of specialist in appropriate time period.
Alongside this, it will likewise assist specialist with lessening covering of exercises.
7

8