Talent Strategies for Attracting and Retaining Employees at Tesco

Managing Successful
Business Project

Contents
INTRODUCTION.....................................................................................................................................3
Project Aim.............................................................................................................................................3
Project Objectives....................................................................................................................................3
Literature Review......................................................................................................................................3
Talent strategies that Tesco can use in order to attract and retain people.................................................3
Importance of talent management in an organization..............................................................................4
Project Planning........................................................................................................................................4
Project Scope...........................................................................................................................................4
Work Breakdown Structure and Gantt Chart........................................................................................5
Primary Research......................................................................................................................................7
Value and benefits of talent management addressing wellbeing in terms of improving employee
motivation and retention..........................................................................................................................8
Findings......................................................................................................................................................8
CONCLUSION........................................................................................................................................13
REFERENCES........................................................................................................................................15
Appendix..................................................................................................................................................16

INTRODUCTION
Talent management can be defined as the process of attracting, onboarding, developing,
motivating as well as retaining high-performing employees in the workplace (Abeuova and
Muratbekova‐Touron, 2019). It is important for the overall success of a company and can help it
in attaining its goals as well as objectives in an effective manner. the primary objective of talent
management within any organization is to enhance the performance as well as efficiency of the
business. Effective implementation of talent management strategies can improve the overall
productivity of the employees. Organization chosen for this report is Tesco, which is a
multinational retailer of groceries as well as general merchandise. The company was founded in
the year 1919 by Jack Cohen. The report explains the talent management strategies that best
companies such as Tesco use in order to attract as well as retain people. It also includes a Work
Breakdown Structure as well as Gant Char in order to facilitate better understanding to the
readers.
Project Aim
“To identify the talent strategies that Tesco can use in order to attract and retain people.”
Project Objectives
 To identify the talent strategies that Tesco can use in order to attract and retain people.
 To understand the importance of talent management in an organization.
Literature Review
Talent strategies that Tesco can use in order to attract and retain people
Talent management is an important aspect within an organization because it helps an
organization in managing as well as retaining the employees for a longer period of time. Tesco
offers different opportunity of growth to its employees such as regular training and development
sessions are conducted so that the staff members get a chance to develop new skills as well as
enhance their existing knowledge (Alias and et.al., 2017). When the employees get adequate
growth opportunities, they are committed to their jobs and more engaged to the same. One of the
strategies that the best companies such as Tesco use is to encourage its employees to participate
in the decision-making process. By doing so, the employees will develop a sense of belonging.
As a result, they will be more committed and engaged to the job. This can help in retaining the

employees for a longer period of time (Pauli, 2018). Another talent strategy that can be used to
manage employees is providing the employees with rewards as well as benefits. This can help in
enhancing their overall morale and also, increase their commitment to their respective jobs.
Importance of talent management in an organization
Talent management is an important aspect within an organization because it allows the
managers as well as team leaders to recruit the most skilled as well as talented candidates for
carrying out the jobs. organizations implement talent management strategies with the main aim
of managing as well as retaining the employees for a longer period of time (Baharin and Hanafi,
2018). Organizations that implement effective talent management strategies, are able to ensure
that there is an overall improvement in the performance as well as productivity of the company.
Talent management helps in enhancing the overall morale of the employees (The importance of
talent management and why companies should invest in it, 2021). As a result, they are able to
address the concerns or issues that are raised by the customers. This leads to an increased level of
satisfaction among the clients and hence, there is an improvement in the overall performance of
the firm as well.
Project Planning
A formal document that defines how a project is to be undertaken is referred to as a
project management plan. it is an important plan that helps in conducting the different activities
in the project in an effective manner. This is because a project management plan outlines the
goals, timeline, deliverables as well as the budget of the project (Cerna and Chou, 2019). The
respective project involves determining the talent strategies that the best companies such a s
Tesco use in order to attract as well as retain people.
Project Scope
It is important to undertake a primary research in order to understand the different talent
strategies that can be implemented in order to attract as well as retain the employees for a longer
period of time. This would help in ensuring that the project is successful. As mentioned, the
different strategies that can be adopted can include offering rewards as well as benefits to the
employees and providing them training from time to time. Tesco is focused on developing their
employees in the workplace (Ogbazghi, 2017). Milestones are important components of a project