Talent Management Strategies: A Study of Successful Business Practice

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Added on  2023/06/18

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This report evaluates talent management strategies used by successful companies, focusing on attracting and retaining employees. It includes a literature review of companies like ASDA and Tesco, a questionnaire assessing employee perspectives on talent management within Boden, and a project management plan using a Work Breakdown Structure (WBS) and Gantt chart. Primary research was conducted through questionnaires and surveys with a sample size of 30, supplemented by secondary research from online journals and articles. The findings highlight the importance of employee motivation, feedback, and transparency. Recommendations include optimizing benefits, upgrading technologies, and providing leverage techniques to increase employee productivity. The reflection emphasizes the researcher's enhanced knowledge and successful project completion. The report concludes with a list of references, including books, journals, and online resources.
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MANAGING A SUCCESSFUL
BUSINESS PRACTICE
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TABLE OF CONTENT
Introduction
Aim and Objective
Project management plan
Work break down structure and Gantt chart
Primary and secondary research
Literature review
Questionnaire
Present findings
Evaluation and recommendation
Reflection
References
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INTRODUCTION
The need of effective employee within an organisation is very effective as
they make a full scope for the HR to process with the activities and make
sure for motivate, sustain and attract more people to work in the organisation
for the long lasting time.
Further, effective recommendation for using effective growth for selected
organisation of Boden, a clothing retail industry founded in 1991 and in 2015
open their physical outlets in London, Germany, Australia and US.
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AIM AND OBJECTIVES
Aim: “The aim of the research is evaluating different strategies used by the best companies in order to attract and retain
people within the companies.”
Objectives:
To analyse the different initiatives used by the different companies to use effective talent management.
To evaluate the value and benefits for the use of talent management by addressing well-being and improving
employee motivation and retention programme.
Focusing on the major areas for investigating good practice within the different business and compare employee's
activity.
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PROJECT MANAGEMENT PLAN
This will help the readers to understand and show scope for
the completion of project.
Project is initiated with aims and objective and with the help
of proper planning this report will goes to the execution of
the project completion.
Using Gantt chart and WBS, activities seems more clear and
effective.
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WORK BREAK DOWN STRUCTURE AND
GANTT CHART
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PRIMARY AND SECONDARY RESEARCH
For this project, researcher use questionnaire
and survey to conduct research objective in an
authenticate manners
Sample size for the project is 30.
For the use of secondary sources, online,
Journals, newspaper and articles.
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LITERATURE REVIEW
Asda is using effective growth and adoptive technologies to make effective business
strategies. They make a focus on the growth and try to use low cost employment with
the best pay rises.
Tesco, faces different challenges but they make the growth in their people engagement
and make a communication bridge with appropriate changes.
All is related to growth and make achievement for the nature and use effective sources
to analyse the outcome and make major changes to work on the prospective growth.
All of these are relate to apply good practice and manage sources in more effective and
appropriate way to analyse effective data to manage sources and work as per the data.
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QUESTIONNAIRE
Questionnaire Frequency
Q.1 In your ways, what is the meaning of talent management?
a) To attract, develop and motivate employees 10
b) To improve business activities 5
c) Hiring the suitable person 10
d) all of the above 5
Q.2 what techniques has been used by the organisation to manage internal talent sources?
a) By recognizing top performers 15
b) Allow for honest feedback 6
c) Transparency 9
Q.3 How do you feel about the talent management strategies used by the company to attract people?
a) Satisfied 20
b) Neutral 7
c) Not satisfied 3
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PRESENT FINDINGS FOR QUESTION 1
Questionnaire Frequency
Q.1 In your ways, what is the meaning
of talent management?
a) To attract, develop and motivate
employees
10
b) To improve business activities 5
c) Hiring the suitable person 10
d) all of the above 5
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PRESENT FINDINGS FOR QUESTION 2
Questionnaire Frequency
Q.2 what techniques has been used by the
organisation to manage internal talent sources?
a) By recognizing top performers 15
b) Allow for honest feedback 6
c) Transparency 9
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PRESENT FINDINGS FOR QUESTION 3
Questionnaire Frequency
Q.3 How do you feel about the talent
management strategies used by the
company to attract people?
a) Satisfied 20
b) Neutral 7
c) Not satisfied 3
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