Talent Management Strategies for Best Food Logistics: A Case Study

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This report investigates talent management strategies within Best Food Logistics, a UK-based logistics and supply chain solutions provider. The research aims to identify key strategies for attracting and retaining skilled employees, addressing challenges such as high turnover, ineffective leadership, and lack of training. The study employs both qualitative and quantitative research methods, including a questionnaire distributed to employees, and a review of existing literature. The project management plan encompasses elements such as time, cost, quality, scope, communication, risk, and resources, utilizing tools like WBS and Gantt charts. Findings highlight the importance of employee motivation, training, and competitive remuneration in talent management. The report concludes by emphasizing the need for Best Food Logistics to enhance its talent management strategies to maintain a competitive edge in a dynamic business environment. Desklib provides access to similar solved assignments.
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Managing a successful
business project
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Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
TASK ..............................................................................................................................................4
Task 1 ..............................................................................................................................................4
Part A. Project Planning...................................................................................................................4
Project management plan............................................................................................................5
Part B – Conducting research..........................................................................................................7
Small-scale research with the application of primary and secondary methods which is
appropriate for meeting project aims and objectives..................................................................7
Questionnaire..............................................................................................................................8
TASK 2..........................................................................................................................................10
Findings.....................................................................................................................................10
TASK 3..........................................................................................................................................15
Reflective practices...................................................................................................................15
CONCLUSION..............................................................................................................................17
REFERNCES:................................................................................................................................18
Books and Journals:..................................................................................................................18
Online........................................................................................................................................19
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INTRODUCTION
The research aims to deliver the significance of talent management strategies in order to
resist with the challenges in employee retention. Talent management is a vital practice for
organisation which influence on engaging right talent at right position within the organisation. It
becomes crucial for the companies to have talented and skilful employees in order to fulfil the
aim of organisation to work in society. Small-medium enterprise works on narrow level and
require capable employees ho could be reason for companies expansion by giving effective
contribution of talent, capabilities and interpersonal skills(TETIK, 2017). This research is going
to carry out a business case on Best Food logistics, the company was founded in the year 1999
and carrying out their operations in UK (Best food logistics and supply chain, 2020). The
company deliver best logistics facilities and supply chain solutions for restaurants, hotels and
other hospitality outlets. Therefore, The company require the best people to serve work on their
aims. Talent management strategies plays a vital role in identifying what employees want and
expect form the organisation that keeps them loyal and motivated towards working.
MAIN BODY
TASK
Task 1
Part A. Project Planning
Research topic: “To identify various key strategies in order to resist with the challenges of
talent management”.
Research Aim:
To identify key strategies of talent management in order to attract and retain skilful
employees”. A case study on Best Food Logistics.
Research Objective:
To understand the concept of talent management.
To examine the significance of talent management for organisation success.
To identify various challenges which could get resist through strategies of talent management.
To examine key strategies and ways of implementing talent management strategies within
organisation.
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Literature review
According to viewpoint of (Abdullahi, Raman, and Solarin, 2020) talent management is an
integrated part of leading business sanitisation. It describes the need of talented employees who
could raise the present and future position of the company in terms of profitability, brand
integration and market capture. A skilful individual will be an effective resources of an
organisation that wants to survive in long run and serve society best products and services. It is a
process of identify employees behaviours, needs, wants and expectation from the organisation
which keeps them motivated and loyal in this competitive market. There are many firms and
large companies who provide many benefits, incentives and support to employees that attract
effective people. So that, there is much competition among the organisations to find capable
and cheap talent that covers companies cost, recruitment overheads and employees turnover
ratio that will be beneficial for maintaining brand reputation (Kamoche, and Leigh,2021).
Talent management is significant for overcoming various challenges which comes under talent
management planning. These challenges could reflect upon less motivating factors, ineffective
trainings, lack of appreciation and reward system in organisation or negative working
environment. These would lead to loose employees interest for the job role and may result in
separation. There are many strategies that are meant to support talent management planning for
companies. Providing good job role, high pays and remuneration with extra incentives, employee
welfare about health and family, good training and overall support at workplace plays crucial
role in managing talent within organisation. As these talented and skilful employees are active
and seeks better opportunity into market. Therefore, the best food logistics needs to enhance their
strategies and resit with the challenges for acquiring talent(Theys, and Schultz, 2020). As they
provide transport and logistics supply chain solution which require people with creative mind
and hard working personality so that, manage of talent is necessary as business environment is
dynamic and may lead to rise uncertainties and competition which could only be overcome with
the support of effective employees.
Project management plan
project management plan is an essential part of carrying out research or finding out some
concepts, ideas in both theoretical and practical manner. It implies all the essential stages of a
project that may create hurdles in delivering out a successful project. It works as a guidance for
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the organisation about business practice and seeks for opportunity before it fades away.
Therefore, the Best good logistics have their local operations across UK and it works on small
level so that, there could be many consequence may face during research (Swann, 2018). There
are many components of project management through which it gets complete under all the risk
and cost control. There is a specific time ascertained for working on projects so that, the
organisation would not loose its originality and get save for losses.
Time: Time is the most crucial component. The project must be deliver and complete
within a limited period to maintain its accuracy. Work should be complete on time to get the
desired results and perform activity. Therefore, this project takes 5 months to accomplish its aims
and objectives.
Cost: This component is the major and crucial for the project completion. A researcher
needs to maintain costs at least level so that, the objectives must be complete effectively. The
projects must be worked under the pre-determined budget and the strategies must frame in
according to that manner. This projects cost under $500.
Quality: Quality is the main crucial factor in project management,. The researchers needs
to focus on the quality of project it describes accuracy, reliability and applicability at various
level of project research. Therefore, the research focus on utmost quality of this project to
ascertain effective result of the research (Bigorra Puente, 2017). It gives fair and logical results
that is necessary of the outcome of project.
Scope: It describes the reach of project at what segments and how it will be useful at
external environment. The scope fro talent management in order to retain employees is wide and
as it is applicable across all the business firms who works for long term profitability and
competitiveness. Therefore, this research currently works on UK market which shows there are
much competitiveness due to which employees have many job opportunities. The strategies will
be helpful for the Best Food Logistics as it will work as guidance to take what actions which are
in favour of company.
Communication: It is a necessary component as communication elements confusion an
and generating of clear ideas through sharing thought of one another, therefore, this researcher
will communicate to people, employees in order to conduct primary research. The effective
ways of communication are E mails, phones call and social media platforms to interact directly
with the population.
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Risk: risks are the another integrated part of organisation. Every business project ascertain
some risk due to having dynamic environment and influence of various external parties. This
project contains risks of project failure, cost and lack of conceptual clarity. These risk would be
minimised by concentrating on research aims and objectives and work on implement talent
management strategies.
Resources: every project require effective resources to complete its objectives. Human
resources and tools like laptop, mobile, books and other literature materials are necessary to
identify each and every facts of topic and then made a reliable conclusion. It is required to use
these resources with fuller optimisation and eliminate wastage.
WBS
Work break down structure is tool to break the work in to simpler sections. The major to
use this tool is to avoid over burden and confusion in various tasks and activities. It helps the
best food logistics to achieve their goals of managing talent into organisation. It simplified the
task according to the time on activity is require. This way, the work will complete and
effectiveness will be promote.
Gantt chart
Gantt chart is a kind of graphical and systematic presentation of task an activities
divided into simpler manner. It set the time duration of each task and activities and prepare
schedule for its working (Queirós, Faria, and Almeida, 2017). It helps in reduce burden and
unnecessary time taken which promote great efficiency, the best food logistics use this tool
though which the aim and objective of project gets success.
Part B – Conducting research
Small-scale research with the application of primary and secondary methods which is appropriate
for meeting project aims and objectives
In order to start the project, it is necessary for Best Food Logistic's project manager to
perform a research so that they will find the solutions of their research problem. Currently day by
day the business environment gets very dynamic and that's why they needs to retain and recruit
talented employees as they are key elements of success and growth. For that purpose, they need
to perform a research in which they are finding the strategies in order to overcome with the
challenges of talent management (Meshram, and Pandey, 2018). Research has two types which
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include qualitative and quantitative research. This report include both research for finding the
solutions of problems. The detail explantation of important other components of small scale
research are mentioned below:
Quantitative Research
This is a research method in which a researcher is using numerical figures in order to
finding and analyse the data (Tibble, 2020). In this method, a researcher can be used
mathematical tools and techniques as it helps in analysing the data which gives accurate result.
Qualitative Research
It is the research which is not using any mathematical tools and techniques. It is very
helpful for Best Food Logistics in order to analyse the perception of their employees. So that
they will find their ways for overcoming the issues or challenges of talent management.
Data Collection
Data collection is the process in which project manager need to collect data in order to
complete the research. It has two important methods of data collection that are primary and
secondary collection method. In primary data collection method, a researcher is finding first time
data which provides accurate information (Collins, and Salmon, 2020). In addition to this, it is
costly as well as time consuming. On the other hand, secondary data collection method is the one
in which a researcher using existing published articles, journals, etc. This research is using both
types of data collection method. In primary research, they use questionnaire whereas in
secondary research, they use literature review.
Sampling
Sampling is the method for selecting samples in which it has two important methods that
are probability and non probability (Rutberg, and Bouikidis, 2018). This research is using
probability method in which a researcher give equal opportunity to each individual. In addition
to this, the sample size is 50.
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Questionnaire
Questionnaire
Q1. Do you understand the concept of talent management?
a. Yes
b. No
Q2. According to you, Is it necessary for organisation to understand the importance of talent-
management?
a. Yes
b. No
Q3. Are you aware about the talent management issues of Best Food Logistics?
a. Yes
b. No
Q4. What are the challenges that are facing by Best Food Logistics in talent management
process?
a. High turnover ratio
b. Ineffective leadership
c. Increasing in absenteeism
d. Poor hiring Strategies
e. Lack of technical knowledge
Q5. According to you, Is talent management necessary for the success and growth of
organisation?
a. Yes
b. No
Q8) What are the benefits of talent management strategies for employee retention and resist
with challenges of competitive market.
1.Helps in attracting new candidates.
2. Give competition to other companies.
3. Secure organisation future.
Q9) what are the significant practices which needs to be undertakes by manager of Best food
logistics to resolve talent management issues.
a) Give reliable trainings to boost skills and capabilities.
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b) Enable motivation by achieving short goals.
c) Provide good support at any phase of working.
d) Give good pays and remuneration as per performance.
Q10) What are the impact of talent management strategies on employees turnover rate in best
food logistics.
a) Employees does not want to leave the company
b)They promote organisation culture to other also to join with the company.
c) Improve coordination and interpersonal relations.
Qualitative questions
Q11) What are the actions undertook by best food logistics to resist with the challenges of
talent management in people retention?
Works on providing effective training and support.
Providing compensation, rewards and many other benefits.
Q12) What practices does the HR manager needs to undertook by best food logistics in order to
boost employees morale?
Encourage promotions and power within organisation.
provide career opportunities.
Q13) Recommendation
TASK 2
Findings
Q1. Do you understand the concept of talent management? Frequency
a. Yes 35
b. No 15
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From the above frequency graph, it has shown that out of 50 employees of the company,
35 are aware and influenced by the concept of talent management. Rest 15 does not understand
about the concept of talent management as they are not well educated by its importance and
need. The company needs to make the manager aware so that, they could formulate strategies
and focus on people welfare
Q2. According to you, Is it necessary for organisation to understand the
importance of talent-management?
Frequency
a. Yes 25
b. No 25
According to the 25 I.e. 50% of population agreed that it is important to understand
about talent management as It reduce complexities and risk for company. Whereas, rest 50%
population disagreed with the statement. They believes that talent management is not a part of
their job role which leads to lack of coordination and unity among departments.
a. Yes b. No
0
5
10
15
20
25
30
35
a. Yes b. No
0
5
10
15
20
25
Frequency
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Q3. Are you aware about the talent management issues of Best Food
Logistics?
Frequency
a. Yes 40
b. No 10
From the above figures, it is drives that 40 employees are aware about talent
management issues which are prevailing into best food logistics. Whereas, rest 10 are unaware
about it as they are not active members of the company. So that, they must have also known
about it for better overcoming with the challenges.
Q4. What are the challenges that are facing by Best Food Logistics in
talent management process?
Frequency
a. High turnover ratio 10
b. Ineffective leadership 5
c. Increasing in absenteeism 10
d. Poor hiring Strategies 15
e. Lack of technical knowledge 10
a. Yes b. No
0
5
10
15
20
25
30
35
40
Frequency
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