To identify different talent strategies used by businesses to retain and attract people - A case study on Ocado

Unit-6- Managing a
Successful Business
Project

Table of Contents
TITLE..............................................................................................................................................1
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
TASK 1............................................................................................................................................1
Project aims and objectives..............................................................................................1
A project management plan........................................................................................................4
Produce work breakdown structure and Gantt chart...................................................................5
TASK 2............................................................................................................................................8
Small-scale research to meet project aim and objectives...........................................................8
TASK 3..........................................................................................................................................11
Present findings and data..........................................................................................................11
Communicate appropriate recommendation.............................................................................17
TASK 4..........................................................................................................................................17
Reflect value of undertaking project.........................................................................................17
CONCLUSION .............................................................................................................................18
REFERENCES..............................................................................................................................19
APPENDIX....................................................................................................................................20
Project log-book........................................................................................................................20
Performance Review Template.................................................................................................24
Questionnaire............................................................................................................................25

TITLE
“To identify different talent strategies that is used by the business in order to retail and
attract people” A case study on Ocado.
INTRODUCTION
To manage a business in a successful manner is only get processed when appropriate
strategies and initiative are taken within timely basis. It assist to attain long term success and
development as per the suitability of condition and requirement. In addition talent-management
is a repetitive process that usually involve retailing and attracting of employee's those are having
higher skills and talent. For this manager has worked on to develop their skills and abilities
through which continuous motivation and improvement in terms of performance is induced with
perfection (Bell and Harrison, 2018). It basically refer to an anticipation that is required while
generating human capital of the business so that ability to achieve its goals and objectives is
achieved with perfection. The following report is based on the Ocado that is a British online
supermarket and it is one of the largest online grocery retailer. The report below consist of
project management plan along with aims and objectives, deliverable, time, communication, risk,
resources and quality. In addition plan is completed with support of small scale research by
applying primary and secondary research methods.
MAIN BODY
TASK 1
Project aims and objectives
Overview of the Research: The talent-management is a process that is used by an
organisation in order to enhance its working standards so that productive amount of changes is
addressed with better suitability. In relation to Ocado, its management is worked for to keep
motivate its employee's that assist to attain higher employee turnover. As Ocado is a largest
retailing organisation and need to implies various talent-management strategies to retain and
attract talented employee's (Berger, 2020). For this business hire a researcher so that accurate
research is conducted by which appropriate decision-making is induced on a regular period of
time.
1

Aim: “To identify different talent strategies that is used by the business in order to retail
and attract people” A case study on Ocado.
Objectives:
 To intensify basic understanding about talent management as in relation to an
organisation.
 To analyse suitable strategies that is adopted by business in terms of talent-management.
 To determine the significance impact of talent management in order to retain and attract
more of its employee's. To measure different methods that is chosen by Ocado while attracting and retaining
talented employee's within the workplace (Claus, 2019).
Research questions:
 Explain the basic understanding about talent management in relation to an organisation.
 What are the different strategies that is used by business while promoting talent
management.
 What are the significant impact of talent management in order to attract and retain
employee's. What are the different methods that is used to attract and retain talent employee's within
workplace.
Literature Review
Explain the basic understanding about talent management in relation to an organisation.
As per the viewpoint of Ashley Brooks, 2019, a human resource is always been an
essential prospect for the business as collective effort of workforce assist to achieve business
objectives appropriately. Talent management is all about to find the most suitable person for the
vacant place of the business (Collings, Mellahi and Cascio, 2019). It basically derive complete
employee cycle and processed while maintaining clear focus on training and on-boarding,
performance review and to analyse advanced opportunities. It is a successful process of planning
that is used to drive employee retention. It is initiated while accomplishing particular plans
through which ability to induce strategic thinking is induced in successful manner.
2

What are the different strategies that is used by business while promoting talent management.
According to the viewpoint of Erin Engstrom, 2020, there are different strategies that is
induced by the business as in order to measure fastest growth in controlled manner. In this
different strategies are as keep the bar higher and get involved in the hiring decisions and it is
processed when manager takes suitable responsibilities about hiring. In addition manager ensure
that skilled employee get hired that enhanced working culture. The company must have provide
suitable job positions by offering certain pathway of career advancement. In this promotion is
also be a basis under which a feeling of self motivated and encourage is developed that maintain
lead in growth development.
What are the significant impact of talent management in order to attract and retain employee's.
As according to the viewpoint of Joshbersin, 2017, it is essential for the business to
analyse different issues that is developed due to the impact and maturity level that is associated
with talent management (Collings and et. al., 2018). It is required to develop effectual
understanding about suitable direction and trends that is used to implement successful drive. The
induction of talent management enlighten effective understanding under which sustained level of
interest is developed. For this adequate couching is offered by business so that employee
strongly get connect towards culture, flexibility, performance and programs. In addition
workforce planning is necessary under which skills gap is fulfilled while increasing visibility of
business.
What are the different methods that is used to attract and retain talent employee's within
workplace.
As per the point of view of Jim Molis, 2019, the employee's also preferred the company
that is having better working culture, competency, competitive pay and other advanced
opportunities. The strength of business defines quality talent under which competitive hiring is
induced through which great talent is attracted at where equal opportunities to grow is offered. In
this business has worked for to identify company's mission and values and then make suitable
hiring in which workers get hired as per skills requirement. In addition business is looking
forward to maintained clear focus on cultural development in which flexible schedule of working
is induced by offering better career opportunities as well. It produces a better sense of
rejuvenation and freedom with is more essential and crucial as it induce conventional standards
of working.
3

A project management plan
It is a plan that is formalised into a formal document under which effective and efficient
working is processed in timely basis. It define sustained amount of understanding about
collective information and knowledge that is used while project control and execution. It assist
researcher to get ensure about project completion as by following certain task and actions. In this
clear information is detailed so that it is easy to make interrelation in between different task (De
Boeck, Meyers and Dries, 2018). It also include different components that are as explained
below as:
 Cost: It is a basis under which certain amount that is required to conduct a research
within the business is considerate in effectual manner. It is a cost that is offered by
company to its researcher is £1200 in order to perform research in timely basis. It
furthermore consist of travel cost, research tool, legal compliance, miscellaneous and
equipment cost as well. In this suitable budget is developed so that project is completed
with perfection or within assigned period of time.
Use of research tools £600
Training and development £400
Cost of legal compliance £200
Total cost £1200
 Time: It is a basis that defines overall time period that is taken by researcher in order to
complete its research with betters suitability. For this research adequate time of arounf 3
week is induced (Gallardo-Gallardo, Thunnissen and Scullion, 2020). As within this time
period efficiency of the research and its outcome is develop as all the risk factors is
reduced in timely frame. Scope: It basically define a specified period of time under which long terms stability is
maintained with effectiveness. In this researcher make sure that appropriate set of
strategies and induced through which rate of accomplishment of goals and objectives is
determine with perfection. For this researcher make sure that each activities is processed
by making effective utilisation of resources.
4