Talent Strategies for Attracting and Retaining People

Managing a Successful
Business Project

Contents
Topic:...............................................................................................................................................1
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1. Formulate project aims and objectives..................................................................................1
P2. Produce a project management plan......................................................................................2
P3. Produce a work breakdown structure and Gantt Chart to provide time frames....................4
TASK 2............................................................................................................................................5
P4. Carry out small scale research by applying qualitative and quantitative research methods..5
TASK 3............................................................................................................................................8
P5. Analyse research and data using effective tools and techniques...........................................8
P6. Communicate effective recommendations as a result of research.......................................13
TASK 4..........................................................................................................................................15
P7. Reflect on the value of undertaking the research to meet stated objectives........................15
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................16

Topic:
“What talent strategies do the best companies use to attract and retain people?”
INTRODUCTION
Human resource is most important aid for a company as its miles responsible for planning,
purchasing and enforcing all other assets of a business enterprise in an orderly manner. It may be
very essential for a company to rent and preserve professional and talented people a good way to
achieve success in longer term (Goh and Okumus, 2020). Researching expertise management in
Marks & Spencer is selected for this record. This record aims to offer undertaking pursuits and
goals, assignment control plan, work breakdown shape and Gantt Chart, studies method as well
as mirrored image of the research and recommendations to corporation.
TASK 1
P1. Formulate project aims and objectives
Background of the topic and organization- This studies report will include records about skills
control and retention which is a system of administrating and keeping gifted employees of the
firm and make an effective involvement in the fulfilment and growth of the established order.
Moreover, studies project will recollect statistics approximately studies tools, techniques of
information series that is utilised to accumulating adequate and applicable facts for meeting the
studies goal in advanced shape.
Marks & Spencer is a British global company which was mounted in 1884 and is founded
in London, England, UK. The venture operates its business globally with the assist of its approx
959 stores and products like clothes, food gadgets and domestic merchandise and many others.
This company provide products of various emblem like Per Una, Autograph, Limited, Rosie,
Blue Harbour, Marks & Spencer series and Marks & Spencer electricity and so on (Boštjančič
and Slana, 2018). There are expected 80,000 personnel who make their contribution in operating
the commercial enterprise of this establishment in amended shape.
Research aim- “To examine the techniques which utilized by enterprise to get attention and
retain professional employees. A case take a look at on Marks & Spencer.”
Research objectives
• To apprehend the concept of talent control and retention.
1

• To decide the strategies that is used by management to control and hold human beings
of the employer.
• To analyse the demanding situations which are faced through Marks & Spencer in
term of handling and preserving human beings in the establishment.
• To have a look at the importance of maintaining and coping with top talent inside
company.
Research questions
• What is the conception of Talent retention?
• What are the plans of actions used in coping with and retaining skilled employees?
• What are the challenges that confronted via M&S to hold and manipulate people of
employer?
• What is the significance of preserving pinnacle skills inside establishment?
Scope and limitations of the research- The scope of this studies study is wide as it offers facts
about the expertise retention and management within a enterprise establishment. It affords deep
records about the strategies and methods which may be used by management in time period of
retaining and administrating competence and professional personnel (Sen and Bhattacharya,
2019). Along with this, it's going to also assist in future research task which can be related to
skills retention and control. The limitations of the research can be issue in sample and selection
lack of previous studies, confined access to statistics, time and cost related constraints and many
others.
P2. Produce a project management plan
Project management plan- It is a written plan developed to perceive all tiers of the challenge in
a sequenced way. Every stage right from initiation of the task, planning the project, its execution
and then its, monitoring and controlling to last it, is properly documented. Its major cause is to
broaden structure of the projects in addition to identify all the facts required to finish the task
with a purpose to be communicated with all stakeholders of the mission (Cui, Khan and Tarba,
2018). This presents a direction to the venture manager and facilitates in saving pointless time
and fee. Components of assignment management plan are referred to beneath:
Cost– Cost refers to the quantity which agency has to incur in order to finish the research
task. For completing these studies, agency had to spend around £650 for statistics and records
collection through primary resources. It had to value around £100 more for facts and records
2