Analysis of Talent Management Strategies: Marks & Spencer Case Study

This report investigates talent management strategies, focusing on Marks & Spencer as a case study. It begins by defining talent management and its importance, then explores the challenges faced by organizations in this area. The research employs both quantitative and qualitative methods, including surveys, to gather data on talent management practices and employee perspectives. The report highlights the importance of competitive pay in retaining employees and concludes that effective talent management is crucial for company growth and success. The study emphasizes the need for employee satisfaction, suitable rights, and opportunities to prevent demotivation, and promote effective job performance, ultimately helping the organization achieve its goals and objectives. The report also references several academic sources to support its findings.

Unit 6 – Managing a
Successful Business Project

Research Aim
To analyse the different talent strategies do best companies use to
attract and retain people? A case study on Marks & Spencer.

Introduction
Talent-management (TM) in present time is considered to be an
effective process that helps firms in retaining talented individuals as
they may effectively impact positively on overall performance level of
company.
However, it has been found that many organisations' HR Department
goes through difficulties in order to maintain talent at workplace and
they are continuously looking forward to manage talent through
considering various strategies.

Research Objectives
• To understand the concept of Talent-management.
• To analyse the challenges faced by Marks & Spencer to manage
talent at workstation.
• To gain the knowledge in relation with different talent strategies
adopted by best organisations to retain and attract individuals.
• To examine the benefits of considering an effective talent
management strategy.

Research Questions
• What is the concept of Talent-management?
• What are said to be the challenges faced by Marks & Spencer to
manage talent at workstation?
• What are the different talent strategies that are considered by best
organisations to retain and attract individuals?
• What are said to be the benefits of considering an effective talent
management strategy for Marks & Spencer?

Methods
• Quantitative method: Quantitative investigation basically, considers
mathematical, statistical, and numerical analysis which helps
researcher in gathering exact outcome in numbers.
• Qualitative method: This type of investigation specifically helps
researcher in focusing on feelings, perceptions and so on. Also, all
these investigations basically done considering different tools like
observations, interviews, open ended conversation and so on.

Interpretations (Theme 1)
Q1) Do you have knowledge
about Talent Management?
FREQ
UENC
Y
a) Yes 25
b) No 5

Theme 2
Q2) Do you think, if it is
necessary for an organisation
to manage talent?
FREQ
UEN
CY
a) Yes 26
b) No 4

Findings
In regard of this, various ways are useful for Marks and Spencer are as
follows:
Respective company need to offer competitive pay to their efficient
employee which is useful in retaining them for longer period of time
that leads to make them potential enough to perform effectively
considering their skills and experience.

CONCLUSION
With the help of above mentioned report, it is concluded that talent
management plays an important role for the growth and success of
company and also perform effectively by considering the employee
satisfaction and suitable rights and opportunities. It is helpful for
company to make sure that employees does not get demotivate
while performing their job and manage and perform their job
effectively to achieve goals and objectives.

References
• Keller, S. and Meaney, M., 2017. Attracting and retaining the right
talent. McKinsey Global Institute study.
• Boštjančič, E. and Slana, Z., 2018. The role of talent management
comparing medium-sized and large companies–major challenges in
attracting and retaining talented employees. Frontiers in psychology, 9,
p.1750.
• Thibault Landry, A., Schweyer, A. and Whillans, A., 2017. Winning the
war for talent: Modern motivational methods for attracting and retaining
employees. Compensation & Benefits Review, 49(4), pp.230-246.