BTEC HND Business: Managing Talent in a Business Project Report

This report, submitted by a student, delves into the crucial topic of talent management within the context of a business project. The study focuses on the Morrison company, a major retail chain in the UK, to analyze effective strategies for employee retention. The report begins by outlining the aims and objectives of the project, establishing the significance of talent management and its impact on employee satisfaction and retention rates. It then presents a detailed project management plan, including work breakdown structures and Gantt charts to illustrate the project's timeline and organization. The research methodology includes both primary and secondary research, with a focus on qualitative data collection through surveys and interviews. The data analysis section interprets the findings, highlighting key themes such as awareness of talent management concepts and the impact of talent management strategies on employee retention. The report concludes with recommendations for Morrison, based on the research findings, and includes a reflection on the learning process. The report includes references and appendices, showcasing a comprehensive approach to the subject matter.

UNIT 6- MANAGING A
SUCCESSFUL BUSINESS
PROJECT

Table of Contents
Table of Contents.............................................................................................................................2
LO 1.................................................................................................................................................3
P1 Aims and objectives...............................................................................................................3
P2. Project management plan......................................................................................................4
P3. Work breakdown and Gantt chart.........................................................................................5
LO 2.................................................................................................................................................7
P4. Primary and secondary research...........................................................................................7
LO 3.................................................................................................................................................9
P5. Data analysis.........................................................................................................................9
P6. Conclusion and recommendation........................................................................................14
LO 4...............................................................................................................................................15
P7. Reflection............................................................................................................................15
REFERENCES..............................................................................................................................17
APPENDIX....................................................................................................................................18
Questionnaire............................................................................................................................18

LO 1
Background
Talent management is defined as the keeping the employees within the company happy
and satisfied. This is essential for the company as if the employees within the company will not
be happy and satisfied then this will affect the working of the company (Taylor, 2018). Even this
can result in high employee turnover the major reason for this is that if employees are not
satisfied then they will try to leave the company and go to some other company. Hence, this will
result in decrease in number of employees within the company and with this the motivation
among the employees will also decrease. For managing this situation the use of talent
management strategies will be undertaken in the research.
The current study is based over company Morrison which is a large chain of retail
company in UK. The company was founded by William Morrison in the year 1899 and is
headquartered in Bradford in UK. The current research will list out the use of effective talent
management strategies within the company for retention of employees. The present research will
list out the different strategies which will be assistive in managing talent within the company and
try to retain that talent for a longer time frame.
P1 Aims and objectives
Aim
“To analyse the best strategies of talent management which assist company in retaining
employees within organization. A study on Morrison.”
Objectives
 To articulate the concept of talent management.
 To evaluate the importance of talent management strategies in retaining employees
within company.
 To examine the various challenges faced by Morrison in managing and retaining
employees with help of talent management strategies
 To recommend some of the strategies to Morrison in effectively using the talent
management strategies for purpose of retention of employees.
Research question
1. What is the concept of talent management?

2. What is the importance of talent management in retention of employees?
3. What are the different challenges faced by company in retaining employees?
4. What are some recommendations for improving the retention of employees within the
company?
Rationale
The major reason for the use of strategies of talent management is that this is the latest issue
which is faced by many of the companies in current competitive world. This was the major
reason for conducting the study over the talent management strategies. This will assist the
company and other competitors to identify that which strategies are best for the company in
retaining the employees. Further this research topic was of personal and academic interest of the
researcher as well.
P2. Project management plan
The project management plan has high essential role for gaining success within longer
run that covers aims and deliverables, time, quality parameters and communication, risk and
resources which enable to deliver working goal advancement. It will also enable management to
deliver quick growth working operations with smart innovation of working efficiency for
leveraging goals advancement within longer run, and also to be focused on keeping up with new
growth targets. As research is based on analysing various talent strategies do best companies use
for attracting, retaining people within longer time run and also to evolve with new productive
scenarios. Project management plan integrates wide communication metrics and focus on new
potential growth areas where quality factors are succeeding with smart productivity goals
(Bočková, Škod. and Lengyelfalusy, 2019). Quality parameters will be taken special care during
project research where stakeholders within company shall be authentically without any bias will
be researched on to get results analysed. The project will be conducted in 6 months time period
where management target will be done to keep focus on producing best services, with high
quality data record and also to integrate larger goals development. Project management plan
shall be also focusing on determinants such as communication goals among involved internal
and external parties, who communicate vision and also display wide functional scenarios onto
how varied news steps shall be taken place. The risk of resources and time factor will be taken
care of widely onto bringing varied growth aspects, where procedures of fixing resources of
production and new competitive business standards are worked on. Risk factors also highly

important to be analysed onto varied scales, within functional parameters for navigating wide
new profit scenarios in longer time run.
The project will be searching varied new growth operational innovation where dynamic
working situations will be analysed, to leverage new functional synergy for effective targeted
growth for research project to be successful. It is also integrated with vision for communicating
effectively varied new research horizon that will be taking shape, and to keenly function on
bringing on new quest goals for successful results within project. The project management plan
is also highly effective to analyse that research will be done in formatively effective way and
also to focus on, new scenarios where best working operations shall be taken care of within
larger new metrics. There will be keen goals focused on to complete project in targeted time
period of 6 months, and to focus on determining success in keeping stakeholders work record
effectively in longer run. It will also keenly determine new success measures to be obtained
widely and also to enhance new quest goals, for researching highly reliable and relevant
standards on communicating accurate data and also to be foremost active on using new working
horizons. This is also primitively focused to use correct accurate data for researching reliable
data which are authentic, communicating vision and longer time synergy which will potentially
also focus on generating effective data (de Melo, Salern and Brasil, 2020).
P3. Work breakdown and Gantt chart
Task
Mode Task Name Duration Start Finish Predecessors
Auto
Scheduled
selecting the topic and
framing aim and objective 4 days Wed 10/28/20 Mon 11/2/20
Auto
Scheduled
making project
management plan 6 days Tue 11/3/20 Tue 11/10/20 1
Auto
Scheduled
review of different
literature 8 days Wed 11/11/20 Fri 11/20/20 2
Auto
Scheduled
listing out methods of
research 10 days Mon 11/23/20 Fri 12/4/20 3
Auto
Scheduled
framing of the
questionnaire 5 days Mon 12/7/20 Fri 12/11/20 4
Auto
Scheduled
providing questionnaire to
respondent 6 days Mon 12/14/20 Mon 12/21/20 3,5
Auto
Scheduled collecting the data 10 days Tue 12/22/20 Mon 1/4/21 6
Auto
Scheduled
interpreting the collected
data 15 days Tue 1/5/21 Mon 1/25/21 7

Auto
Scheduled
concluding and
recommending 4 days Tue 1/26/21 Fri 1/29/21 8
Auto
Scheduled doing formatting 5 days Mon 2/1/21 Fri 2/5/21 9
Auto
Scheduled feedback 6 days Mon 2/8/21 Mon 2/15/21 10
Auto
Scheduled
making changes as per
given feedback 3 days Tue 2/16/21 Thu 2/18/21 11
Auto
Scheduled submitting final research 1 day Fri 2/19/21 Fri 2/19/21 12

Work breakdown structure
LO 2
P4. Primary and secondary research
Secondary research
From the view of Krishnan and Scullion (2017) talent management is a concept which
states that motivating and influencing employees is the most important aspect in the management
of company. The major reason for this is that when the employees are happy then they stay
connected with the company for a longer timeframe.
On the other side Claus (2019) states that talent management is important for the use of
retention of the employees. The major reason is that use of talent management includes
motivating the employees by providing different motivators. This then influences and motivates
employees to stay connected with the company for a longer period of time. Another major
importance is that this motivates other employees as well. This is particularly because of the
reason that if one employee gets appreciation then this motivates other employees as well to get
the motivators.
Research methods

Research type: There are two types of research types which are quantitative and qualitative
where the quantitative research focuses on presenting numerical, figurative data which are
presented in mathematical format and are also complicated to understand. On other hand the
qualitative research is based on theatrical data which are presented in easy format and are also
widely communicated in easy format. For this research well be using qualitative research type.
Research approach: There is inductive and deductive approach where inductive approach is
qualitative format and also in theatrical format, which is widely used for common effective usage
of information the deductive approach is numerical and rationally also potentially lessens
working scenario, where it is comparatively hard to understand. For this research project well be
using inductive approach.
Research philosophy: Interpretivsism research philosophy is qualitative format and also worked
on to focus on present theatrical data which makes understanding clear to understand and analyse
further onto wider domains. The positivism on other hand is quantitative philosophy where data
presented is in numerical format and also potentially complex to understand. For this research
project interpretivism research philosophy will be used (Kerzner, 2019).
Data collection: The primary data collection method is based on collecting data directly from
source which is nearby and also functionally active to be highly authentic; the secondary
research on other hand is second hand. Secondary information is less reliable and authentic, as it
is collected from web pages and mostly websites through internet which lessens the direct
connection from correct source. For this research primary data collection method will be used.
Sampling: Purposive sampling is defined as unique technique where researcher chooses samples
from larger population, using methods based on theory of probability standards and the non
purposive sampling is reverse and also probability functional parameters are low. In this research
project sampling will be done in non purposive format. There will be sample taken of 20 people
at Morrison for data analysis and gaining results from them, to make sure that results are
unbiased.
Ethical considerations: There will be focus on keeping all resources authentic for
information analysis where declaration forms will be get signed by
employees at Morrison Company to get their consent. This will ensure that
no delay shall be caused and also wider domains expertise shall be used to
make sure no plagiarism is there.

Reliability and relevance: The reliability and relevance of all information
used within research will be highly taken care of, where focus is developed
on using correct information widely and also developed new growth among
wider areas within research. It will be also actively exploring technical
information and data where all authentic details will be taken care of (Lock,
2020).
Limitations: The research is limited to only Morrison company and within
retail industry, where limited new growth goals are there to be researched
on which will also limit potential working scenarios. The data used within
research is also limited explored with constraints of time and resources
LO 3
P5. Data analysis
Theme 1: Awareness relating to concept of talent management.
Interpretation- from the primary research conducted over 20 respondents from Morrison it was
found that majority that is 50 % are aware of concept of talent management. The major reason
for this is that this is the latest issues which company faces and which is important for success of
the company. On the other side some of the participant are either disagreeing or are neutral
relating to the awareness of talent management.
Theme 2: Yes, use of talent management assists company in managing talent in company.

Interpretation- with the results of the primary survey conducted it was identified that maximum
of participant that is 80 % assents to the fact that talent management help company in managing
talent in company. As supported by literature review it is because of the fact that talent
management is important in attracting employees can stay connected with the company for a
longer period of time. However, remaining 20 % of participant does not agree to this fact.
Theme 3: All of the above is the major impact of high turnover of employees within the
company.
Interpretation-as per the responses provided by the 20 participant it was evaluated that the
majority of respondent that is 70 % agrees to all of the above. This all of the above includes three
impact of high employee turnover on company and its working. This includes decrease in
productivity of employees, low motivation among the employees and the decrease in goodwill.
Maximum of employees agrees to all of the above as this includes major reason and remaining

employees agrees to these facts on individual basis. For instance some respondent agrees to
decrease in productivity and some with decrease in goodwill and some with low motivation of
employees.
Theme 4: Positive is the impact of using the talent management strategies on productivity of
company.
Interpretation- as per the survey conducted over 20 respondents from Morrison it was found that
the impact of talent management is positive over the working of the company. This was agreed
by 65 % of the respondent as they think that using talent management is helpful in motivating the
employees to stay connected with the company for longer and earn good amount of knowledge
and money. Further some of the participant that is 25 % states that there is no impact of using
talent management as if employees have to work in company then they will work in any
condition and if they have to leave the company then they will leave despite of all perks and
benefits.
Theme 5: Retaining talented employee is the major importance of using talent management
strategies at time of retaining employees.

Interpretation- with the assistance of conducting the survey it was interpreted that the major
importance of using talent management as agreed by 65% of the respondent is retaining talented
employees for longer. This is particularly because of the reason that when the talent management
is used the major aim of this is to keep employees retained within the company. Thus, this is
done with help of providing better growth opportunities and motivators for employees to grow.
But on the other side some of the respondent states that motivating employees is the major
importance of using talent management (Khilji and Schuler, 2017). However, in against of this
some of the respondent states that providing compensation to employees is the major importance
of using talent management for company.
Theme 6: Yes, there are strategies which are helpful in retaining the talent in the company.