Organizational Talent Strategies: Employee Retention and Attraction

This report examines talent management strategies employed by organizations to attract and retain employees, focusing on the case studies of Sainsbury and Morrison. The project outlines a four-step approach: project planning, primary and secondary research, presentation of findings, and reflective practice. The research identifies the value of talent management in improving employee motivation and retention through recruitment, motivation, training, and creation of a positive work environment. Findings from surveys highlight the importance of talent management in filling vacancies, improving performance, and driving organizational productivity. The report concludes with a reflection on the development of communication, leadership, and decision-making skills through this study.

Managing a successful
business project
(TALENT STRATEGIES USED BY
ORGANIZATIONS TO RETAIN AND ATTRACT
EMPLOYEES’)

Table of Content
 Introduction
 Aim and objectives
 Step 1 – Project planning
 Step 2 – Conduct primary and secondary research
 Step 3 – Present Findings
 Step 4 – Reflective Practice
 Conclusion
 References

Introduction
To be successful in business management, there is need to have
good communication skills and management skills which can be
used to develop the business performance. Managing a project
and task should be involving strategy, ideas, activities,
techniques, and skills that supports to meet project objectives.
Talent management is the continuous process of recruiting, and
selecting the talented people by using own skills and abilities
that supports to develop the organizational performance.

Step 1 – Project planning
Research Aim
To identify the impacts of talent management strategies in attracting and retaining
the best employees.
Research Objectives
 To determine the value and benefits of talent management addressing
wellbeing in terms of improving employee motivation and retention within
Sainsbury
 To analysis at least two other organisations to see what type of talent
management initiatives they have.
 To focus on areas of good practice to build and support Sainsbury.

Scope
The current project is about talent management which uses by organization for retaining
their staff and getting the work done. The scope of project is wider as it helps to develop
the understanding what strategies should be used by management for increasing business
performance. The researcher will use their skills and ability to complete the project and
manage each activity.

Project Plan
Work break down
structure – This is a system
engineering and technique
used by organization to break
down the longer task in
smaller.

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 Risk Assessment
 Budget statement
Particulars Amount (£)
Research and development £ 2000
Introducing product £ 3000
Cost to material £ 4000
Marketing and advertisement £10000
Online marketing £ 5000
Manpower £20000
Distribution of product and services £ 15000
Total £ 60000

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Gantt chart

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Step 2 – Conduct primary and
secondary research
To determine the value and benefits of talent management addressing wellbeing
in terms of improving employee motivation and retention within Sainsbury.
As per view point of Eliyana, and Ma’arif (2019), Talent management is
the process of vacancy identification, recruiting, selection, and placing the right
people for developing the organizational performance.

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Research at least two other organisations to see what type of talent management initiatives they have.
As per view point of Mensah (2019), Talent management is the full scope of process that relates to human resource
management involves attraction, on boarding, development, engagement, and retaining high performing employees
that aims to improve business performance. Different types of talent management strategies that uses by Sainsbury
and Morisons are as explained:
Used by Sainsbury
 Recruitment and selection
 Motivation
Used by Morrison
 Training and development
 Creating the good working environment