Talent Management Strategies: Marks & Spencer Business Project Report

This business research project analyzes talent management strategies, focusing on Marks & Spencer as a case study. The report explores the importance of talent management, aiming to understand strategies for attracting and retaining employees. It investigates research objectives, questions, and methodologies, including primary research through surveys. The study examines talent management concepts, strategies employed by companies like Google and Amazon, and challenges faced by HR managers at Marks & Spencer. The findings reveal insights into the effectiveness of talent management in retaining employees, with recommendations for improvement, such as employee recognition and benefits. The report concludes with a self-assessment, evaluating the project's success and identifying areas for improvement, providing a comprehensive overview of talent management practices within the retail sector and beyond.

Managing A Successful Business Project
(Talent Management)

Table of Content
 Introduction
 Title of the Research
 Introduction
 Research Aim, Objectives and Questions
 Research Methodology
 Data analysis and interpretation (Primary research)
 Conclusion
 Recommendation
 References

Introduction
Talent management is crucial concept for all the businesses and
execution of appropriate strategies help in managing talent at
workplace. This business research project is based on Marks and
Spencer which is the leading clothing and food retailer of United
Kingdom. The organisation put its efforts towards attracting and
retaining best talent in the organisation.

Title of the Research
“Different talent management
strategies used by business
organisations for attracting and
retaining talent within an
organisation.”

Research Aim, Objectives and Questions
Research Aim –
 The main aim of this business project is “To analyze the different
talent management strategies utilized by best organizations for
attracting and retaining talent within business. A study on Marks &
Spencer”.

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Research objectives –
 To gain basic understanding of the talent management concept in the
relation to business organisation.
 To analyse different strategies of talent management that are executed
by businesses like google and amazon.
 To ascertain various challenges that human resource managers in Marks
& Spencer face while attracting as well as retaining talent at workplace.

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Research Questions –
 What is the talent management concept in the relation to business
organisation?
 What are the different strategies of talent management that are
executed by businesses like google and amazon?
 Which challenges may human resource managers in Marks & Spencer
face while attracting as well as retaining talent at workplace?

Gantt Chart

Research Methodology
Research methodology is a very significant part of research study that
help in performing the study systematically. The different research
methods used in the study are as follows:
Research Philosophy: This characterized as the conviction about a
manner by which data worried about a particular phenomenon is being
executed.

Data analysis and interpretation (Primary
research)
Q 1) Are you aware of the talent
management concept in the relation to
business organisation?
Frequency
a) Yes 28
b) No 2
Interpretation - The above chart demonstrate that according to 28
out of 30 respondents, they are aware of the talent management
concept in relation to business organisation and the remaining two
respondents are not aware of the concept in relation to business
organisation.

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Q 2) As per your opinion, is the concept of talent
management effective for business and creates
value for it in managing talent for longer in the
organisation?
Frequency
a) Yes 27
b) No 3
Interpretation - According to above graph, it can be said that according
to 27 out of 30 respondent, they said that the talent management
concept is effective for business and create value for it in managing
talent for longer in the organisation and the remaining three
respondents are not agreed with it and said that talent management is
not effective for business and creates no value for it in managing talent
for longer in organisation.

Conclusion
As per the discussion, it can be concluded that implementing an
effective talent management strategy is very important for the
organisation as it helps in retaining talent in the company for longer
term. There are various talent management strategies that business
organizations use for managing talent including providing rewards and
recognition to employees, empowering them to manage career,
providing them with training and development, apprenticeship scheme
for employees etc.

Personal Performance Review
1. What was the project supposed to accomplish?
The project is supposed to attain the aim “To analyse the different talent management strategies
utilized by best organisations for attracting and retaining talent within business. A study on
Marks & Spencer” and its objectives:
a) To gain basic understanding of the talent management concept in the relation to business
organisation.
b) To analyse different strategies of talent management that are executed by businesses like
google and amazon.
c) To ascertain various challenges that human resource managers in Marks & Spencer face
while attracting as well as retaining talent at workplace.
2. Did the project succeed in its aims? How do you know? Specifically, please outline any
evaluation and assessment undertaken.
Yes, this business research project is succeeded in its stated aim as the overall research was
performed systematically and all the activities was finished on time. A systematic and objective
assessment was performed for determining the relevance and achievement level of project
objectives. The risks were assessed during the evaluation and the progress of project was
monitored and appropriate actions were taken to complete it successfully.
3. What things do you think worked well and why? Evaluate all aspects of the project
(e.g. initial inception, project activities and project outcomes) from a range of
perspectives.
While performing the project, almost all the things worked well from the initial inception of
project to its completion. All the activities were performed within specified time and
accordingly. By performing all the activities effectively and systematically, accurate outcomes
of the project were gained.
4. What problems emerged during the project and how were they tackled? Was there
timely identification of issues and resolution during the project process?

Recommendation
According to above provided discussion, it has been found that talent management
strategies must be effective in order to retain employees in the organisation. There are
some challenges that Marks and Spencer face while managing talent. Thus, in order to
overcome these challenges, some strategies are recommended to organisation which
are provided below:
The management of Marks and Spencer should give employees with recognition,
benefits and perks for their performance in the organisation. If the employees
performed well, they must be recognised.

References
 Badewi, A., 2016. The impact of project management (PM) and
benefits management (BM) practices on project success: Towards
developing a project benefits governance framework. International
Journal of Project Management, 34(4), pp.761-778.
 Bradley, A., 2016. Talent management for universities. Australian
Universities' Review, 58(1), pp.13-19.

Thank You!!