Attracting & Retaining: Talent Management Strategies in Companies

This report evaluates talent management strategies used by successful companies to attract and retain employees, with a focus on Boden, a clothing retail industry. It analyzes different initiatives, the value of talent management in addressing well-being, and improving employee motivation and retention. The research employs primary data through questionnaires and surveys, alongside secondary data from online sources, journals, and articles. Key findings highlight the importance of attracting, developing, and motivating employees, recognizing top performers, and ensuring employee satisfaction. The report concludes with recommendations for effective talent management practices to foster a positive work environment and retain employees for the long term. Desklib provides access to similar solved assignments and resources for students.

Managing a successful business
practice
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Table of Contents
Title of the research ........................................................................................................................3
Aim and Objectives:........................................................................................................................3
Primary and secondary research .....................................................................................................5
Literature review .............................................................................................................................6
Interpretation..................................................................................................................................10
Recommendations .........................................................................................................................19
Conclusion ....................................................................................................................................19
References .....................................................................................................................................20
Appendix........................................................................................................................................21
Project log book....................................................................................................................21
Power point presentation .....................................................................................................24
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Title of the research
“Strategies used by the best companies to attract and retain people.”
Introduction
The need of effective employee within an organisation is very effective as they make a
full scope for the HR to process with the activities and make sure for motivate, sustain and attract
more people to work in the organisation for the long lasting time. Most of the successful
organisation are using different strategies and adoption techniques which must be related to
performance management and make a compensation programme for having an effective
succession planning (Ahmed and et.al., 2021). This report shows the report on talent
management strategies used by many successful organisations. Further, effective
recommendation for using effective growth for selected organisation of Boden, a clothing retail
industry founded in 1991 and in 2015 open their physical outlets in London, Germany, Australia
and US.
Aim and Objectives:
Aim: “The aim of the research is evaluating different strategies used by the best companies in
order to attract and retain people within the companies.”
Objectives:
 To analyse the different initiatives used by the different companies to use effective talent
management.
 To evaluate the value and benefits for the use of talent management by addressing well-
being and improving employee motivation and retention programme.
 Focusing on the major areas for investigating good practice within the different business
and compare employee's activity.
Project management plan
This will help the readers to understand and show scope for the completion of project. This
may include the major activities done throughout the project planning and complete all the
activities to get success within the company and use effective talent management strategies.
Project is initiated with aims and objective and with the help of proper planning this report will
goes to the execution of the project completion (Farndale and et.al., 2021). Using Gantt chart and
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WBS, activities seems more clear and effective for the researcher and try to work with effective
manner.
Work Break down structure
This is the process which help the project management to complete the complex different
steps project. It is a way to divide large projects to get the things done and make faster to become
more efficient.
Gantt Chart
This is the bar chart that actually provide the visual for the schedule task and show the
working as per the activities done on specific days. It would be related to appropriate changes
and make a subsequent growth and milestones for scheduling the project to make a simple
structure on bar chart (Mujtaba and Mubarik, 2021).
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Primary and secondary research
In this project, there are two main methods are used which help for completion of
research project, they are primary and secondary source of data. The meaning of primary sources
is related to new and fresh data which are never taken before for completing research. For this
project, researcher use questionnaire and survey to conduct research objective in an authenticate
manner (Pandita, 2021). Sample size for the project is 30, that is appropriate for the completing
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project outcome. For the use of secondary sources, online, Journals, newspaper and articles are
used to conduct a secondary survey for enhance knowledge about talent management.
Literature review
Different initiatives used by the different companies to use effective talent management
As per the view point of Cullen., (2021); Asda is using effective growth and adoptive
technologies to make effective business strategies. They make a focus on the growth and try to
use low cost employment with the best pay rises (At View from Asda: Aligning The People
Strategy with The Business Strategy to Drive Commercial Success, 2021). All is relating to use
effective growth and adoptive techniques to make competitors engage all of their colleagues in
different ways. Same as per the Sengupta, (2021); Tesco, faces different challenges but they
make the growth in their people engagement and make a communication bridge with appropriate
changes (How Tesco creates opportunities to boost employee engagement, 2021).
Value and benefits for the use of talent management by addressing well-being and improving
employee motivation and retention programme.
According to the prospect of Florentine., (2021); to use the best strategies and make the
growth in improving wellbeing nature and employee motivation. All is related to growth and
make achievement for the nature and use effective sources to analyse the outcome and make
major changes to work on the prospective growth. It would be related to motivation and retention
programme within their employees (Nine Best Practices of Effective Talent Management, 2021).
The use of effective strategies is helpful for retain and make talent management ability and make
well-being growth.
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Focusing on the major areas for investigating good practice
As per the Willins and et.al., (2021); The above mentioned organisation, some best and
effective practices which help the company to use adequate supply chain. With the help of major
changes and make a growth to make effective business opportunity and make financial and
boarding data to manage sources for changing growth. All of these are relate to apply good
practice and manage sources in more effective and appropriate way to analyse effective data to
manage sources and work as per the data (Employee retention: 8 strategies for retaining top
talent, 2021).
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Questionnaire
Questionnaire Frequency
Q.1 In your ways, what is the meaning of talent management?
a) To attract, develop and motivate employees 10
b) To improve business activities 5
c) Hiring the suitable person 10
d) all of the above 5
Q.2 what techniques has been used by the organisation to manage internal
talent sources?
a) By recognizing top performers 15
b) Allow for honest feedback 6
c) Transparency 9
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Q.3 How do you feel about the talent management strategies used by the
company to attract people?
a) Satisfied 20
b) Neutral 7
c) Not satisfied 3
Q.4 What are the major benefits used by the companies when they are
applying different talent management process?
a) Better on-boarding experience 7
b) Career advancement 8
c) Effective employee's experience 10
d) More opportunities 5
Q.5 How can companies use different methods to retain their employees?
a) effective workplace 10
b) Appreciation 10
c) Equal reward management 10
Q.6 Do you feel that the current management and performance system is
effective?
a) Yes 25
b) No 5
Q.7 what are the primary responsibility for recruitment, development and
retention?
a) Recruiting individual 5
b) further development within the employees 10
c) retain the employees 15
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Q.8 What are the major impact on the talent management practices and
strategic development?
a) Create a good environment culture 10
b) place the right people at right place 5
c) rewards the right employees 15
Q.9 What are the different factors that are used by the company to sustain
good environment?
a) Promotion 4
b) Work culture 20
c) Salary 6
Q.10 Do you want to suggest some effective strategies for the company to
retain their employees?
Present Findings
Theme 1: meaning of talent management
Questionnaire Frequency
Q.1 In your ways, what is the meaning of talent management?
a) To attract, develop and motivate employees 10
b) To improve business activities 5
c) Hiring the suitable person 10
d) all of the above 5
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Interpretation
From the above graph, it is interpreted that, 10 out of 30 said the meaning of talent management
is to attract, develop and motivate the employees. 5 out of 30 said to improve business activities.
Further, 10 said hiring effective and suitable person is the real meaning of talent management. 5
out of 30 said all of the above points are make sense and can be used for the meaning of talent
management.
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a) To attract, develop and motivate employees
b) To improve business activities
c) Hiring the suitable person
d) all of the above
0 1 2 3 4 5 6 7 8 9 10
Series1

Theme 2: Strategies used by the organisation to manage talent sources
Questionnaire Frequency
Q.2 what techniques has been used by the organisation to manage internal
talent sources?
a) By recognizing top performers 15
b) Allow for honest feedback 6
c) Transparency 9
Interpretation:
The above graph show that, 15 out of 30 said that the Boden organisation, use recognizing their
top performer, 6 out of 30 said they are allowing for the honest feedback and manage data.
Whereas, 9 out of 30 to work on the major changes to implement organisation to manage the
internal talent sources.
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a) By recognizing top performers
b) Allow for honest feedback
c) Transparency
0 2 4 6 8 10 12 14 16
Series1