Table of Contents INTRODUCTION..........................................................................................................................3 TASK 1............................................................................................................................................3 Project aims and objectives........................................................................................................3 Project management plan...........................................................................................................4 A work breakdown structure and a Gantt Chart.........................................................................5 TASK 2............................................................................................................................................8 Carry out small-scale research applying primary and secondary methods appropriate for meeting project aims and objectives...........................................................................................8 TASK 3..........................................................................................................................................11 Present findings and data using appropriate tools and techniques............................................11 Communicate appropriate Recommendations as a result of findings and data analysis to draw valid and meaningful conclusions.............................................................................................19 TASK 4..........................................................................................................................................20 Reflect on the value of undertaking the project to meet stated objectives and own learning and performance...............................................................................................................................20 CONCLUSION.............................................................................................................................21 REFERENCES..............................................................................................................................22 APPENDICES...............................................................................................................................23 APPENDICE..................................................................................................................................28
INTRODUCTION Managing the successful business project refers to as the aspect through which systematic evaluation is done in order to achieve the business objectives. Project management can be defined as the planning, controlling and monitoring the aspects of the business so that the goals of the project is attained on time and within the specified cost, performance and quality. Talent management is the process which involves attracting and retaining the high quality employees into the organisation, focusing on developing the skills of the workforce and continuously motivating the staff in order to improve their performance(Robles, 2018). The main aim of this process is to create a workforce which is motivated to stay with the company for a longer period of time. The organisation chosen for this report is Asda Stores Ltd, a supermarket retailer headquartered in Leeds, West Yorkshire, UK. It deals in groceries, financial service and general merchandise. This report shall cover the aims and objectives of the talent management, project management plan and a work breakdown structure and Gantt chart. Further it will cover small scale research for meeting aims and objectives of t project, interpretation of research and recommendations. TASK 1 Project aims and objectives. Talent management is the constant process which involves retaining the existing high quality workforce and attracting the potential employees into the organisation. It also involves developing their knowledge and skills, continuously motivating the staff to improve their performance so that their talent is secured within the organisation(Susmanschi and Ruse, 2018). A talent management strategy is a plan which is undertaken to optimise the employee's performance. In order to sustain in the competitive market, it is very important to have a capable staff which can work for the success of the companies(Al-Kasasbeh, Abudayyeh and Liu, 2020). Be it small or large organisation, each company plans to retain their quality staff within the organisation so that it can battle the competition. As a HR Consultant, a research is being hired by the company so that importance,of talent management is identified. The primary motive of conducting the research is to solve the issue of talent management and plan a comprehensive method to retain the high quality staff which has appropriate skill and knowledge. Another important intention of undergoing this research is to examine the importance of the talent
management in an organisation. For better execution of this report, the aims and objectives are discussed below in context to the business- Research Aim: To examine the importance of talent management strategies to attract and sustain staff members at workplace. A study on ASDA. Research Objectives: To examine the benefits of talent management within an organisation. To determine the different talent management strategies used by ASDA company to attract and sustain staff members. To examine the issues faced by company related to talent management. Research Questions: What are the benefits of talent management within an organisation? What are different talent management strategies used by ASDA company to attract and sustain staff members? Which issues are faced by company related to talent management? Project management plan. A project management plan is the document which defines how the project is to be carried out. It basically outline the goals, scope, budget, deliverables and timeline of the project so that a track is kept of the project progress(Nam and et. al., 2016). The main purpose of the project management plan is that it helps in communicating the details of the project and also describe the process through which project can be undertaken. The different components of project management plan for the researcher is discussed below- Cost- It is the fundamentally considered general sum which will be utilised by the researcher in order to carry on its task(Dickerson III and et. al., 2016).For directing the viable research, the researcher is required with a cost which looks like a large budget for the entire examination. For this research project, the researcher would require the cost of 200 Poundsfor executing the research relating to the business concern. Scope- This research has an extensive scope as it gives support to the organisation for creating powerful strategies which will help in successfully managing the talent within the organisation.Generally,thisresearchoftalentmanagementmayfunctionasapieceof hierarchical work which would help the company in enhancing the efficiency of its workers so
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
that they can deliver productive outcome from their inputs. Further, this research project will help the company in analysing the issue of talent management in the company how its strategies can help in attracting and retaining the quality workforce. Time- For successfully completing the research and accomplishing the aims of the project, the research will take 3 months time period in order to evaluate and examine the issue in the organisation to achieve the aims of the research and how these talent management strategies can help in successfully managing the employees. Quality- To successfully undertake the research, the researcher is worried for leading the research in such a way that it does not face any issues or problems in achieving the aims of the research. The researcher shall gather the quality data from the primary and secondary tool which includes questionnaire and for secondary data tool, books and journals shall be used. By the researcher to gather quality data. Communication- It is one of the important factor which involves communicating the data from one person to another in a legitimate way(Kusters, 2016).The main stress for the researcher is to deliver the outcome of the research in an effective way. Communication helps in building the coordination between the employees so that growth and success is ensured while undergoing the research. The researcher shall communicate with the respondent with the help of channels which includes emails, verbal communication, telephonic conversations and many other. Risk- As businesses involves certain risk, likewise, research also involves various risk which includes security of personal data, completion of task within time frame and many other (Van Rijn, 2016). The research is concerned with the confidentiality management, security of the personal data and the completion of task on time. Resources- In order to complete the research, it is important to have the requisite resource. In order to successful achieve the aims and objectives of this research project, the research shall require various resources which includes employees, assets of the company and many other. A work breakdown structure and a Gantt Chart. Work breakdown structure- It is the deliverable oriented hierarchical decomposition of a work which is to be executed in order to achieve the project objectives and aim by the project team. It is a
cornerstone of the effective project planning, monitoring, executing, controlling and reporting. Under this structure, the project is divided into smaller components which is accomplished in hierarchical manner so that the project is completed in an effective manner(Bigorra Puente, 2017). It helps in organising the work of the team into the manageable section. In order to successful conduct the research, the researcher will use this structure so that it becomes easy in identifying the issues and importance of the research project. Gantt Chart It is referred to as the useful tool in terms of graphs which show the activities performed against the time. It also represent the project in visual presentation where the task are broken and displayed on the chart so that it can become easy in understanding and interpreting. It is an important tool of management which drills down the activities of the project which are required to be done in the time period fixed for each. It helps in planning and scheduling a project so that the management is updated with the progress of the project and also helps in arranging the additional resource and dependencies which are required between the task(Young, 2016). For conducting this research project, this chart will help the researcher in understanding and interpreting the task so that successful research is done.
TASK 2 Carry out small-scale research applying primary and secondary methods appropriate for meeting project aims and objectives. Research methodology can be referred to as the specific procedure or technique which is used to identify, process, select and analyse the information regarding a specific topic. It helps in evaluating the validity and reliability of the research which is being carried out to fulfil the objectivesoftheresearch(DoddsandHess,2020).Theinvestigatormainlyprefersthe qualitative and quantitative research in order to successfully achieve the objectives of the research. It is discussed below-Qualitativeresearch-Itinvolvesanalysingandcollectingthedatawhichisnon numerical in order to understand the opinion, concept and experience of the population. It helps to gather the insight of the problem or issue for which the research is being conducted so that new ideas can be generated. It mainly involves open end questions or
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
unstructured interview where the respondent is allowed to talked to depth so that detailed information is gathered for completing the research. Quantitative research- it is the process which involves collection and analysis of the data which is collected in numerical form. It helps the research to quantify the issue or problem by collecting the numerical data so that quantified opinion, behaviour, attitude is gathered and the result is generalised from the larger population. It mainly includes surveys in order to understand the information in numerical form(Kumar, 2018). For successfully completing this research project , both quantitative and qualitative research methodology is used which will help in gathering the in depth information regarding the importance, benefits and issues relating to the talent management strategies which are adopted by the company. Data Collection-It refers to that process which helps in gathering the information in a systematic manner so that answer is stated for each research question and the outcomes are evaluated in effective manner.There are two methods of data collection which shall be used by the researcher in order to successful achieve the aims of the project, which includes the following-Primary tool-it refers to the process of collecting the data through interview, survey and questionnaire. Under this tool, the researcher directly gather the information from the source from where it is originated. In context to this research project, the researcher shall use questionnaire for successfully achieving the aims of the research which is to analyse the talent management strategies which are adopted by the company. In order to evaluate the benefits and importance of the talent management, the questionnaire is being made to gather the information which is discussed below- Secondary tool- Under this technique, the researcher collect the data which is already gathered by the other person. The researcher use to already collected data and draw its inferences from the data already being collected. It takes less time and energy to evaluate and collect the information. It includes books, journals, articles, etc. in context to this research project, the researcher will use books and journals for accomplishing the aims of the research. Sampling- It is the process which is used in analysing the statistics where a large populationistaken.Iteitherincludessimplerandomsamplingorsystematicsampling
(VanKooten, 2019). In context to this research project, the researcher has conducted this research by choosing 30 respondent from the population who are the employees of the ASDA company for analysing their opinion and experience with respect to talent management.
QUESTIONNAIRE NAME- AGE- GENDER- Q1) Do you have understanding about the talent management? a) Yes b) No Q2)Accordingtoyou,whatarebenefitsoftalentmanagementincontexttothe organisation? a) Retain Top Talent b) Employee Development c) Retain key talent Q3) What impact does training and development have on managing the talent ? a) Positive impact b) Negative impact Q4) Does talent management strategies help in staff retention ? a) Yes b) No Q5) What are the different strategies related to talent management? a) Detailed job descriptions b) Person-organization fit c) Collaborate-coach-evolve d) Reward and recognize right Q6) How human resource recruit the staff in ASDA ? a) Advertisement b) Recruitment agency c) Internal source Q7) What are the various talent management practices ASDA can used to attract the talented employees? a) Talent Identification
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
b) Talent Development c) Talent acquisition d) Talent Deployment Q8) Which different issues are faced by ASDA company related to talent management? a) Tightening talent market b) Increased employee turnover c) Lack of leadership Q9)WhatarethedifferentwaysthroughwhichASDAorganisationcanmake improvement in talent management strategies? a) Consider career development offerings b) Prioritize results c) Identify goals d) Create a healthy work environment Q10) Recommend ways to attract the more employees and gain competitive advantages. TASK 3 Present findings and data using appropriate tools and techniques.
THEME 1: Understanding about the talent management Q1) Do you have understanding about the talent management?Frequency a) Yes25 b) No5 Interpretation:After evaluating the project, it is interpreted that out of 30 respondents, 83.33% respondents have the knowledge and understanding of the talent managementso they do not favourtheconceptoftalentmanagementwhereasonly16.66%respondenthaveno understanding regarding the same. THEME 2:Benefits of talent management in context to organisation Q2) According to you, what are the benefits of talent management in context to the organisation? Frequency a) Retain Top Talent15 b) Employee Development10 c) Retain key talent5 25 5 a) Yes b) No
Interpretation:After evaluating the project, it is interpreted that out of the population of 30 respondents, 50% believe that retaining the top talent is the major benefit of talent management and 33.3% believe that employee development is the benefit of talent management whereas only 16.66% respondents believe that the benefit from talent management is retaining the key talent. THEME 3:How talent management strategies impact the organisational productivity Q3) What impact does training and development have on managing the talent ? Frequency a) Positive impact20 b) Negative impact10 15 10 5 a) Retain Top Talent b) Employee Development c) Retain key talent
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Interpretation:Afterdetailedevaluationoftheproject,itisinterpretedthat66.66% respondents believe that training and developmenthave the positive impact on managing the talent and 33.33% feel that it has negative impact on talent management. THEME 4:Does talent management strategies help in attract the employees Q4) Does talent management strategies help in retaining the staff ?Frequency a) Yes22 b) No8 20 10 a) Positive impact b) Negative impact 22 8 a) Yes b) No
Interpretation:After evaluating the project, it is interpreted that 73.33 % respondents favour that strategies of talent management help in staff retention and27.66%respondents are not in favour of the same. THEME 5:Different strategies related to talent management Q5) What are the different strategies related to talent management?Frequency a) Detailed job descriptions5 b) Person-organization fit10 c) Collaborate-coach-evolve5 d) Reward and recognize right10 Interpretation:After detailed evaluation of the project, it isanalysedthat 16.66%respondents are in favour of detailed job description strategy for talent management, 33.33% respondents are in favour of person- organisation fit strategy, 16.66% respondents are in favour of collaborative- coach- evolve strategy and 33.33%respondents are in favour of reward and recognise right in order to manage the talent successfully. THEME 6:Role of the human resource function in the talent management 5 10 5 10a) Detailed job descriptions b) Person-organization fit c) Collaborate-coach- evolve d) Reward and recognize right
Q6) How human resource recruit the staff in ASDA ?Frequency a) Advertisement10 b) Recruitment agency10 c) Internal source10 Interpretation:After evaluating the project, it is interpreted that each 33.33% respondent favour advertisement, recruitment agency and internal source. THEME 7: Various talent management practices ASDA can used Q7) What are the various talent management practices ASDA can use to attract the talented employees? Frequency a) Talent Identification8 b) Talent Development7 c) Talent acquisition10 d) Talent Deployment5 10 10 10 a) Advertisement b) Recruitment agency c) Internal source
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Interpretation:After detailed evaluation of the project, it isanalysedthat out of 30 respondents, 26.66% favour that ASDA must opt for talent identification practice, 23.33%favour for talent development practice, 33.33%respondentsare in favour of talent acquisition practice for attracting talented employees and 16.66% are in favour of talent deployment practice. THEME 8:Different issues are faced by ASDA company related to talent management Q8) Which different issues are faced by ASDA company related to talent management? Frequency a) Tightening talent market10 b) Increased employee turnover12 c) Lack of leadership8 8 7 10 5 a) Talent Identification b) Talent Development c) Talent acquisition d) Talent Deployment
Interpretation:After evaluating the project, it is interpreted that out of 30 respondents, 33.33% respondents believe that ASDA is facing the issue of tightening talent market, 40% believe that increased employee turnover is its major concern relating to talent management and 26.66% are in the believe that lack of leadership is the major issue related to talent management. THEME 9:Different ways used through ASDA organisation can make improvement in talent management strategies Q9) What are the different ways through which ASDA organisation can make improvement in talent management strategies? Frequency a) Consider career development offerings8 b) Prioritize results7 c) Identify goals7 d) Create a healthy work environment8 10 12 8 a) Tightening talent market b) Increased employee turnover c) Lack of leadership
Interpretation:After evaluating the project, it is analysed that out of 30 respondents, 26.66% respondents are in favour of creating healthy working environment and 26.66% are in favour of considering career development offering for improving thetalent management strategies and 23.33%respondentsareinfavourofprioritisingresultsand23.33%areinfavourof identification of goal for improving the talent management strategies. Communicate appropriate Recommendations as a result of findings and data analysis to draw valid and meaningful conclusions. Afterdetailed evaluation of of the project, it is analysed from the data collected that talent management has a severe impact on the productivity of the organisation. It is evaluated that it is important for the companies to adopt the strategies of talent management so that potential employees are retained in the company who can contribute to the success of the company. After detailed analysed, it is recommended to the ASDA company that - It must work on to make effective policies for retaining the talented workforce which can include motivation through offering rewards and recognition. The company must give adequate training to the staff so that they can enhance their performance and develop new skills. The organisation must work on building the effective communication channel so that employees feel valued in sharing their issues and concern. The company must adopt the strategies person-organisation fit and reward recognise so that it can manage its efficient staff. 8 77 8 a) Consider career development offerings b) Prioritize results c) Identify goals d) Create a healthy work environment
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
In order to set a benchmark, Google company is recommended to ASDA to monitor the progress of the issue which it is facing relating to talent management. TASK 4 Reflect on the value of undertaking the project to meet stated objectives and own learning and performance After successful completing my research project, I feel happy and glad that I got this opportunity to research the benefit and issues of talent management.The aims and objectives of this research project is successfully achieved by using the skills and knowledge.It is a wide area for my academic development where I got to learn the importance of talent management by exploring my skills and knowledge. I used quantitative and qualitative method of research in order to bring the valid ad reliable outcome so that the research aims are achieved effectively and efficiently. In primary tool, I used questionnaire to gather the data from the sample and in secondary tool, I make the use of books and journals in order to successful accomplish the objectives of the project. Further I improve my communication and problem solving skill while undergoing this research which helped me in researching and collecting the data. Lastly, I acquired the skill of time management where I successful managed to complete my project well in definite time. This skill will further help me in my professional career where I can utilise it to prove my capabilities and abilities to undertake any challenge and overcome it. Throughout this learning, I was able to identify my strength and weakness which helped me in overcoming my threats and risk on one hand and on the other hand, I was able to utilise my strength in order to grab the opportunities and overcome any hurdle which came in between my work. Hence, this research project have given an opportunity to build new skills and learnings and bring capability in me to overcome my fears and problems.
CONCLUSION It is concluded from the above report that project management plan is a document which states the detailed information of the project which can help in communicating the information of the project easily. The main components of project plan includes cost, communication, quality, resource, risk scope and time. Work breakdown structure and Gantt chart helps in breaking the whole project into smaller parts so that each t6ask can be completed on time. Further in order to conduct the research study, qualitative and quantitative research is used which involves primary and secondary source. The primary tool includes questionnaire and secondary tool includes books and journals. Lastly it is summarised that talent management is the important part for sustaining the workforce and helps the organisation to increase its productivity by retaining the quality staff.
REFERENCES Books and Journals Young, T.L., 2016.Successful project management. Kogan Page Publishers. VanKooten,C.,2019.Aresearchmethodologyofinterdependencethroughvideoas method.Computers and Composition.54.p.102514. Van Rijn, J., 2016. Part 4: risk management plan: project management.IMIESA.41(8). pp.74-76. Susmanschi, G. and Ruse, E., 2018. Planning Internal Audit Activities Using The Gantt Chart.Management Strategies Journal.42(4). pp.132-139. Robles, V.D., 2018. Visualizing Certainty: What the Cultural History of the Gantt Chart Teaches TechnicalandProfessionalCommunicatorsaboutManagement.Technical Communication Quarterly.27(4). pp.300-321. Nam and et. al., 2016. Environmental impact assessment of composite small craft manufacturing usingthegenericworkbreakdownstructure.InternationalJournalofPrecision Engineering and Manufacturing-Green Technology.3(3). pp.261-272. Kusters, J.F., 2016. The value and necessity of the project management plan: the pre-award phase of BVP projects from the vendor’s perspective. Kumar, R., 2018.Research methodology: A step-by-step guide for beginners. Sage. Dodds, S. and Hess, A.C., 2020. Adapting research methodology during COVID-19: lessons for transformative service research.Journal of Service Management. Dickerson III and et. al., 2016. Work zone management in the district of Columbia: Deploying a citywidetransportationmanagementplanandworkzoneprojectmanagement system.Transportation Research Record.2554(1). pp.37-45. Bigorra Puente, D., 2017.Project management plan of the creation of a travellers-oriented mobile application(Master's thesis, Universitat Politècnica de Catalunya). Al-Kasasbeh, M., Abudayyeh, O. and Liu, H., 2020. An integrated decision support system for building asset management based on BIM and Work Breakdown Structure.Journal of Building Engineering, p.101959.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser