Analyzing Talent Management at H&M: Strategies and Challenges

This report provides an in-depth analysis of talent management strategies implemented at H&M, a leading multinational fashion clothing organization. The project aims to determine strategies for retaining and attracting competent employees. The report covers the project management plan, including cost, time, quality, and risk, along with a work breakdown structure and a Gantt chart. It utilizes both primary and secondary data collection methods, employing quantitative and qualitative research techniques to gather insights. The findings are presented through interpretations of survey responses, revealing key strategies such as training and development, and communication of recommendations. The reflection section highlights the importance of effective talent management for long-term employee retention and organizational success. The conclusion emphasizes the need for robust talent management processes to address employee turnover and dissatisfaction, ultimately aiming to maximize employee contribution and minimize dissatisfaction. References to relevant academic sources are also included.

MANAGING A SUCCESSFUL BUSINESS
PROJECT

TABLE OF CONTENT
 Introduction
 Project aims and objectives
 Project management plan
 Work breakdown structure and Gantt chart
 Research Methods
 Communication of the recommendations
 Reflection
 Conclusion
 References

INTRODUCTION
Talent management is regarded as managing the whole personnel within
entity in order to maximise their values in respect of performing their
operations. Moreover, this not only undertaken to be one time activity but a
ongoing procedures which incorporates retaining as well as attracting higher
competent staff by developing skills and continuous encouragement. The
key intent of talent management is to develop a encouraged staff which
may aids firm into longer run. For this report teh undertaken company is
H&M stands for Hennes & Mauritz AB, this is a leading Swedish multinational
fashion clothing organisation for women, teenagers, men and children

PROJECT AIM AND OBJECTIVES
Aim:
“To determine various strategies of talent management implemented to
retain and attract competent employees. A case study on H & M”.
Objectives:
 To evaluate the basic concept of talent management strategies.
 To determine several strategies implemented to retain and attract
personnel in H&M.
 To analyse various challenges faced by H&M during implementation of
talent management strategies.

PROJECT MANAGEMENT PLAN
Project management plan is depicted because of the reality of the standard, formal
model and is the reason around how the venture is carried out, observed, and
controlled. in addition, that is the report is used for clarifying the method that group
of the endeavor takes for turning inside the deliberate extent of errand oversee
(Chaffey, Hemphill and Edmundson-hen, 2015).
 Cost
 Time
 Quality
 Risk

WORK BREAKDOWN STRUCTURE AND GANTT
CHART
 It is portrayed as the significant thing
adventure expectations which mastermind
the artworks of association inside reachable
divisions. with regards to task control casing
of skill, this offers a clarification for work of
art reprieve down frameworks as a piece of
deliverable situated progressive
disintegration are to be executed through a
group of the test (Frankenberger and et.al,

CONTINUE…
Gantt diagram becomes
advanced using Henry
Gantt in the year 1917.
that is characterized as
the graphical show of
errand time table which
offers various games
exercises comparably to
the achievement of the
time.

INTERPRETATION
Q1. Do you have basic knownledge of talent management strategies in H&M? Frequency
a) Yes 35
b) No 5

INTERPRETATION
Q2. According to you, what are few effectual talent management strategies for H & M for attarcting and
retaining employees?
Frequency
a) Offering of higher salary 7
b) Perks and allowances 6
c) higher level of commitment from top management 7
d) constant training and development opportunities 20

INTERPRETATION
Q3. As per your view point, effective talen management strategies would aids company to gain
competitive benefits in longer term?
Frequency
a) Yes 34
b) No 6

INTERPRETATION
Q4 What are few benefits of adopting effective talent management procedures for H&M? Frequency
a) Having an effective competitive situation. 4
b) Managing the satisfaction level of customers 16
c) Managing present market image 9
d) Effectiveness in cost management. 11

INTERPRETATION
Q5 Is there exists a direct relatios into talent management process and staff satisfaction level? Frequency
a) Positive relationship 25
b) Negative relationship 10
c) Neutral 5