Managing Business Projects: Talent Strategies for Employee Retention

This report examines talent strategies for attracting and retaining employees, focusing on a project undertaken to investigate these strategies within the context of Parcelforce. The project begins by defining aims and objectives, including identifying talent management practices and their advantages. A project management plan is developed, incorporating time, resources, quality, communication, and risk management. A work breakdown structure and Gantt chart are used to outline project stages and timelines. The research methodology includes both primary and secondary data collection methods, employing a survey strategy and quantitative research approach. Findings are presented using frequency distribution tables, and recommendations are provided based on the data analysis. The report reflects on the project's value in meeting objectives and assesses the researcher's performance and learning. The report also discusses talent management concepts, and the specific strategies used by Parcelforce, such as adequate salaries and benefits, timely recognition, and ongoing training. The research also explores the reasons for employee turnover and the challenges faced in retaining talent.