BTEC Project: Talent Strategies to Attract and Retain People

This project explores talent management strategies used by successful companies to attract and retain employees, focusing on a case study of Microsoft. The project aims to determine the talent management schemes used in business organizations and analyzes their impact on performance. It includes a literature review discussing rewards and recognition, training, and performance management. The research methodology employs a quantitative approach, collecting primary data through questionnaires from Microsoft employees and secondary data through literature review. Data analysis reveals the importance of performance management and the positive impact of talent management strategies on the business environment. The project recommends that companies focus more on rewards, recognition programs, and growth opportunities to motivate employees, reduce turnover, and achieve organizational goals. Desklib provides access to this project and many other solved assignments and past papers for students.

Managing Successful Business
Project
(What talent strategies do the best companies use to attract
and retain people?)

Table of content
• Introduction
• Project aims and objectives
• Project planning
• Gantt chart
• WBS
• Literature review
• Research methodology
• Data analysis
• Recommendation
• References

Introduction
Talent management is the a procedure of attracting, developing and hold employees for long
term in business environment. Now a days, company is using talent management strategies
to retain their employees for long time. There are several types of talent management
strategies such as training and on boarding, rewards and appreciation, employees
engagement which is used by manager to motivate employees

Project aims and objectives
• “To determine the talent management schemes used in business organisation to attract and
retain talented people for long time.” A study on Microsoft.
• Objectives :
• To understand a meaning of talent management schemes within an organisation.
• To determine several talent management schemes used to attract and retain employees in
Microsoft.
• To analyse the impact of talent management schemes on the performance of Microsoft.

Project planning
• Scope: The scope of this project is to determine the talent management schemes used in
business organisation to attract and retain talented people for long time. A study on
Microsoft.
• Milestones: The milestone for this project is consisting of some of the phases. Such as
introduction, project aims and objectives, literature review, primary and secondary
research, data analysis and recommendation.
• Initiation, planning and execution: Further, at planning stage, resources comes such as
time, respondents and books or journals. Thereafter, in execution stage, literature review,
data analysis and research methodology is used to collect data and information

Work break down structure

Gantt chart

Literature review
• According to the views of YURDASEVER, and YURDASEVER, (2021) Talent
management refers to the attraction and retention of employee within an organisation.
• There are various types of talent management strategies which are used to attract and
retain talented staff. These are rewards and recognition, training and on boarding etc.
• In Microsoft, managers are main focusing on conducting performance management
programmes an employee development programmes. Performance management
programmes resulting in analysing employees performance within working environment

Research methodology
• Research method : In this research, quantitative method is used which provides
numerical information about a topic.
• Data collection method : Primary data is collected through questionnaire and secondary
is collected through literature review.
• Sampling : The sample size taken in this research is 20 who are the respondents of
Microsoft and they are said to fill questionnaire form.

Data analysis
Q1. According to you, did you know
about the meaning of talent
management schemes?
Frequency
a. Yes 15
b. No 5

Continue
Q2. According to you, which talent
management strategies is more used in
Microsoft?
Frequency
a. Training and development 5
b. Rewards and recognition 5
c. Performance management 10

Continue
Q3. What impact does talent management
strategies is providing to business environment?
Frequency
a. Positively 15
b. Negatively 3
c. Neutral 2