Business Project Report: Unit 6 - Talent Management at Asda Stores

This report presents a comprehensive analysis of talent management within Asda Stores, focusing on a range of key aspects. The introduction sets the stage by defining talent management and its significance, followed by a discussion of the research aims, objectives, and questions. A literature review explores the importance of talent management, challenges in implementation, and various strategies. The project management plan is evaluated, covering cost, scope, quality, communication, and risk factors. A work breakdown structure and Gantt chart are designed to organize the project. Primary and secondary research methods are applied to gather data, including a questionnaire administered to 30 respondents. The data is then interpreted, revealing insights into the understanding of talent management, its impact on employee attraction and retention, and its influence on organizational productivity. Recommendations are provided based on the research findings, and the report concludes with a reflection on the overall project.

Unit 6: Managing a Successful
Business Project
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Contents
INTRODUCTION...........................................................................................................................4
P1. Discuss Aims and Objectives................................................................................................4
P2. Evaluate Project Management Plan......................................................................................5
P3. Design Work Break down and Gantt Chart..........................................................................7
LO2..................................................................................................................................................8
P4 Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives...........................................................................................8
LO3................................................................................................................................................10
P5 Data Interpretation...............................................................................................................10
P6: Recommendation................................................................................................................14
LO4................................................................................................................................................15
P7: Reflection............................................................................................................................15
CONCLUSION..............................................................................................................................16
REFERENCES..............................................................................................................................18
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INTRODUCTION
The Talent management is practise and study of Human resource theories where it
depicts about to identify the potential employees among between in premises where it mainly
regulates to effective approach for hiring and promoting high performer employees to better
retain the perfect and suitable competence of manpower in organisation. As the necessity of
talent management is to better organise where they retain top talent where they improvising
employee on the basis of their skills and knowledge(Layton,Ostermiller, and Kynaston, 2020).
In this report, the organisation is taken as Asda Sores, it is a supermarket chain in which
it situated in Leeds, England. They majorly deals with grocesories and type of supermarket retail
venture. As per report, there is formal oriented discussion on talent management in which it
majorly work on different attributes in which aims and objectives are mentioned. Apart from it,
further topics are also involves such as better project management, reflection along with
recommendation for better succession planning.
Task 1.
P1. Discuss Aims and Objectives.
Research Aim:
“To Study role of Talent management in success of an organisation. A Case Study on
Asda Sores.”
Research Objective:
 To study about importance of Talent management at workplace.
 To determine numerous challenges that can be face by Asda in implementing talent
management.
 To evaluate different type of strategies of talent management that can be implemented by
Asda to attract and retain employees.
Research Question:
 What is the importance of Talent Management at workplace?
 What are numerous challenges that can be face by Asda in implementing talent
management?
 How to evaluate different type of strategies of talent management that can be
implemented by Asda to attract and retain employees?
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LITERATURE REVIEW
Importance of talent management at workplace
On the perspective of Bonneton, Festing, 2020. The major importance of talent
management is to benefit for organisation like Asda Stores as well as their employees. the
administrative or human resource department is having responsibility to enhance identify better
high productive generate manpower within organisation premises. This helps to better promotes
and provide organisation new benchmark in terms of effective workforce. For the management
engages having proper procedure to maximise the individual employees’ performance within
scrutinize the total outcomes.
Numerous challenges face by Asda company to implementing talent management.
As per the opinion of Liang and Howard, 2020, In an organisation where employees are
facing number of significant challenges while better establishing of proper and systematic talent
management program. By scrutinize and measure challenge of talent management in Asda Stores
is impact on working culture. As Asda Stores management team has been faces more challenges
for increasing and building better relationship between superior and employees which is having
effective skilled workforce in retail experienced and long term period of time.
Different types of strategies about talent management for implement in Asda Stores.
According to the human practise knowledge, development and individual growth of
employee is contain long term suitability as well as it enhance essential for Asda Stores or any
other organisation to treat workforce by managing in organisation. For importance of talent
management is comprising various strategies like training and development and performance
management which are major challenge to provide better increased in professional guidance in
effective manner(Litvinenko and et. al., 2018).
P2. Evaluate Project Management Plan.
The term Project Mangaement plan is helps to generating formal base documentation
where it highlight overall main factor topics which come across in report such as aims and
objectives, better deliverables goals, report or research timeline along with preparation of budget
that implement to execute better work project to reduce the risk or uncertainty(Planko and et. al.,
2017). Some of specification is majorly involves factor like elaborates:
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Cost involvement:The Estimation of is include amount is presuming through the
assorting of accomplish of all underline activities towards project objective. As per the this
research report is estimating around £70,000 is expected.
No of Task Total Cost
Involve(Pounds)
Valuable Paper Work 2000
Resources acquired 30,000
Hiring Experts and
Manpower
20,000
Raw Material used in
Research
5000
Total 57000
Scope: According to this factor which is enhance various factor that involves elements
that relates towards better project related function, by deliverables in better format, declined the
task. This can be interpreted on the basis of current project is been regulated on talent
management that comprise wide range of scope which defines high growth(Tarhini, Yunis and
El-Kassar, 2018).
Quality: It is one of factor that mainly involves important aspect through which aspect to
ensure by the research that they must attain optimum standard of specific research report. In
order to ensure for fulfilling present project objective that highly standard quality is necessary
information is allowed to maintain transparency. As per this research outcomes it mainly
generates better side of positivity and flexible way to optimise favourable outcomes in better
format. Finishing in on time is depicts about better accuracy to provide working regulation that
better enhance better work line between work and life along with it generates better positive
work outcomes. There is another factor that is having to raise better example for where it seems
to having chance to not harm physical outcomes.
Effective Communication: This factor which is necessary and involvement of proper
communication to which objective get to attain in effective manner. With having proper
communication is unnecessary where the issues can be removed. As per the order to attainment
through online conversation, email, mode of telephonic communication(Veena, Jigeesh and
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Bhat, 2019).The motive to communicate between researcher and targeted people on selecting
employees from Asda stores, to must having effective way communicate with employees and
superiors.
Involvement of Risk: This is the factor that needed to be effectively that consider an the
researcher where the risk affect accomplishment of project in various ways to accomplish targets.
By enhancing better conducting present research as in effective manner by providing evaluate
the risk through better allocation of information within valuable sources. Due to Financial risk is
creates uncertainity that can able to enhance more complexity that evolves through not getting
proper investment or lack of funds which is used in research to scrutinize better allocation of
objectives about talent management.
P3. Design Work Break down and Gantt Chart.
Work Break Down Structure.
By highlight define about the hierarchical tree structure that basically determined within
the project which measurable that is part of research(Rouyre and Fernandez, 2019). T
Time Break down
Project 10 Weeks
Course of work Hours 6 hours
Internal work process 3 Hours
Total 19 hours
Gantt chart .
This framework of chart is depicts about important way to underline where overall
activities involved to be having required by effective conduct on the basis of project against time.
Through better approaching time taken advantages through better Gantt chart where the research
is involves more further project to initiates for further process in an effective manner. From the
helps and proper instructing and interpretation of project driven can be better sufficient in
effective way(Zarzu and Scarlat, 2017).
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LO2
P4 Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives
Primary research-
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In this form of data collection information’s are required on direct basis from fresh
sources like online survey, interviews, etc (Leggat, Liang and Howard, 2020). In this data
collection method research is required to invest cost and time.
Secondary research-
In order to acquire information from secondary sources data get collected from published
reports, articles, journals, books, internet sources, etc. One of the most important advantages of
secondary research involves investment of less time and cost.
In order to accomplish objectives of present research researcher will use both primary
and secondary data collection methods (Swailes, 2020). Main motive of using both of these data
collection method is to enhance research outcomes effectiveness.
Quantitative research-
In this methodology data is basically depicted in numerical or statistical form. It involves
different methods such as observations, interviews and surveys.
Qualitative research-
In this research methodology collection and evaluation of data is mainly depicted in non-
numerical form (McDonnell and Wiblen, 2020). With the help of qualitative research researcher
mainly am towards having proper understanding of opinions, experience and concept of
respondents. This methodology involved methods like literature review, open ended questions
and more.
In order to accomplish present research researcher is using qualitative method in order to
effectively evaluate attitude and different perspectives of customers.
Questionnaire:
In this certain number of questions is being formulated by researcher in order to conduct
a survey or study. Main aim behind this is to determine perceptions and viewpoints of selected
individuals in order to fulfil objectives of research. In context with present research researcher
selected 30 sample sizes of respondents.
Questionnaire
Q1) Are you acquitted with the notion of talent management? Frequency
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a) Yes 20
b) No 10
Q2) Do you think talent management strategies aid an organisation to
attract and retain people?
Frequency
a) Agree 25
b) Disagree 5
Q3) Do you think talent management enhances productivity of
organisation?
Frequency
a) Yes 15
b) No 15
Q4) According to you what is the benefits of talent management
strategies?
Frequency
a) Employee Development 10
b) Improved Employee Experience 10
c) Increase Employee and Manager Engagement 10
Q5) What are the challenges ASDA can face while implementing talent
management strategies?
Frequency
a) Performance assessment 18
b) Compensation 6
c) Training and Development 6
Q6) Which talent management strategies are being adopted by ASDA? Frequency
a) Mentoring 15
b) Career development opportunities 15
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LO3
P5 Data Interpretation
Theme 1: Notion of talent management
Q1) Are you acquitted with the notion of talent management? Frequency
a) Yes 20
b) No 10
Interpretation:
Talent management play most important role for an organisation that facilitate
management to manage employees in a well defined and effective manner. According to the
above mentioned graph it has been identified that 28 of 30 respondents said that they are aware
with solution of talent management as it allow organisation to enhance knowledge and skills of
employees. While if it is talked about remaining 10 respondents out of 30 it has been identified
that they did not have knowledge of this concept.
Theme 2: Talent management strategies aid an organisation to attract and retain people
Q2) Do you think talent management strategies aid an organisation to
attract and retain people?
Frequency
a) Agree 25
b) Disagree 5
Interpretation:
There are number of talent management strategies through which company can
effectively retain and attract individuals for longer period of time (Mishra and Mohanty, 2020).
As per the above analysis of graph it is been underlined that 25 out of 30 respondents said that
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they think with the help of talent management strategy company can retain an attractive people
as these strategies allows company to enhance workers capabilities and confidence. While on the
other hand remaining 5 respondents did not agree with this fact.
Theme 3: Talent management enhances productivity of organisation
Q3) Do you think talent management enhances productivity of
organisation?
Frequency
a) Yes 15
b) No 15
Interpretation:
Talent management strategies have effectively enhance overall productivity of an
organisation (Wassell and Bouchard, 2020). As per the evaluation of above mentioned graph this
is been determined that with the help of talent management company can enhance their
productivity as it increases existing level of knowledge and skill of employees and automatically
makes increase in company overall productivity. While remaining 15 respondents did not agree
with this facts as they consider other areas more important to enhance productivity of company.
Theme 4: Benefits of talent management strategies
Q4) According to you what is the benefits of talent management
strategies?
Frequency
a) Development of Employee 10
b) Improved Employee Experience 10
c) Increase in Employee and Manager Engagement 10
Interpretation:
Talent management strategy benefits in organisation in a number of ways. It has been
identified from the above given graph that 10 respondents out of 30 said that one of the most
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