Strategies for Talent Management in Halford: A Business Project Report

This report examines the talent management strategies employed by Halfords, a British retailer. It begins with an introduction to talent management and its significance in organizational success. The main body outlines project aims and objectives, detailing the company's overview and the research goals. A project management plan is presented, covering costs, scope, timeframes (including a Gantt chart and work breakdown structure), communication, risk management, and resources. The research methodology includes primary and secondary research, utilizing qualitative and quantitative approaches, sampling techniques, and a questionnaire to gather data on employee perceptions. Data analysis and interpretation, based on survey results, are provided through various graphs, highlighting key themes such as the effectiveness of management approaches, advantages of talent management, the role of HR, and the relationship between talent management and organizational performance. The report concludes with a reflection and references.

MANAGING A
SUCCESSFUL
BUSINESS PRJECT

Table of Contents
Topic: Strategies for Talent Management in Halford......................................................................2
INTRODUCTION...........................................................................................................................2
MAIN BODY...................................................................................................................................3
Project aims and objectives....................................................................................................3
Project Management Plan.......................................................................................................3
Time-frames work..................................................................................................................5
Research Methodology..........................................................................................................7
Data analysis and interpretation.............................................................................................9
Reflection.............................................................................................................................15
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................16
Appendix 1: Project Logbook Template.......................................................................................17
Appendix 2.....................................................................................................................................20

Topic: Strategies for Talent Management in Halford
INTRODUCTION
Talent refers to ability to perform provided task in unique manner which contributes
towards efficient working of an organisation. It becomes an important role of managers or
leaders of the business firm to manage their respective talented employees for proving towards
effective working of firm for achievement of pre-decided goals and objectives at given time
span(Jafari and Ranaei Kordshouli, 2019). The present research paper is based on highlighting
various strategies for talent management used by managers and leaders of Halford. It is a British
retailer company which deals in car parts, enhancements, tools as well as has its operational
dimensions in touring equipment and bicycles operating in UK origin (Latukha, Selivanovskikh
and Maclennan, 2019). This retailing firm is chosen for conducting the research as after COVID
19, there is negative impact on sales and performance of retail sector companies.
MAIN BODY
Project aims and objectives
Overview of company
Talent management strategies have to be effectively implemented within an organisation
for improving the performance of employees as well as the organisation. This research is
conducted for knowing the benefits of talent management in Halfords which is a British retailer
company operating it’s major business activities in UK. The workforce was founded in 1892, by
Rushbrooke in Birmingham which is a city in England with population more than 11.5 lakhs.
Initially respective company dealt in selling of cycling goods. Later after 2010, it expanded its
business operations and had a decent market presence in Republic of Ireland and in UK with 465
stores across the nation.
Research Aim- To determine different talent management strategies for enhancing
organisational performance. A case study of Halfords.
Aim-
Research Objectives
 To understand meaning the process of Talent Management
 To examine different ways of talent management in Halfords
 To identify issues faced by Halfords due to ineffective talent management

Research Questions
 To understand meaning the process of Talent Management?
 To examine different ways of talent management in Halfords?
 To identify issues faced by Halfords due to ineffective talent management?
Project Management Plan
Project Management Plan (PMP)
The project management plan is defined as a procedural process that defines a way for
completing project. There are following factors involved in PMP-
Cost- It is an amount of money incurred for project work which varies from business to
business. This is the most essential factor while starting any project. There are several research
activities and tasks which have to be completed by using the estimated cost for research. It is the
responsibility of project manager to manage all cost related issues and conduct the researches
properly.
Scope- The scope of research is associated with the effectiveness of research topic within
business environment. the topic of research for this MSBP is talent management strategies. This
is the most essential and effective process required within a company in order to attain success.
In context of present research, it is seen that the scope is related to the effectiveness of employee
performance and management within a company.
Time- This is known as the estimated amount of time needed for completing the project.
There is ned to manage the project activities according to the time estimated. This will help in
tracking all the project activities. For achievement of this project, time framework was being
prepared by Gantt Chart as well as Work Breakdown Structure. Researcher takes 3 weeks’ time
to complete allotted work, however respective organisation requires 5 weeks’ time to implement
strategies.
Communication- This is defined as is the way of interaction among individual with help
of channels which is understand by all members. While conducting this research, it is important
to use both oral as well as written communication effectively. This is kept in mind that this
research will help others to understand the real meaning of talent management and its
effectiveness in managing the different scenario related to the project.

Risk- For preparation of this report, investigator had to encounter various types of
difficulties with relation to effective conduction of this report. The researcher faced issues like
limited time period, resources and faced hard time to find relevant information from sources of
information.
Resources- It is the component that helps in identifying resources needed for conducting
research work. From researcher point of view, it is related with accurate sources, time, pen,
appropriate response from respondents and in context of organisation they require resources like
skilled employees, data, sources, tools and many more.
Quality- In this part, data as well as information has to collect through authenticate as well
as relevant sources. The respective organisation need to gather their information through online,
certify sources to maintain quality of work. Similarly, researcher has to keep all related data and
information confidential for avoidance of fraudulent activities in order to maintain quality of
research work regarding equality at organisation.
Time-frames work
Work Breakdown Structure
It refers to formal breakdown of project activities into smaller tasks. (Borisova and et. al.,
2017). In the process given work to the workforce is been assigned to concerned departments of
the business firm. This ensures better approach of an organisation towards attainment of its
respective goals and objectives.

Gantt chart
It is a rough summary of respective project undertaken of the company which is
illustrated in form of bar charts (Heldman, 2018). It is being named after its inventor i.e. Henry
Gantt. With addition to that, modern Gantt chart includes illustration of relationships between
activities and current schedule status. It consists of various parts which that includes showing up
of dependency, timelines, dependency, dateline, lists, bars and many more.

Research Methodology
It refers to a specific procedure which is used to identify, select, process and analyse
information about particular project of the company. It enhances effectiveness of research paper
and provide reader of the report with quality information extracted from ethical as well as
relevant sources (Tafti, Mahmoudsalehi and Amiri, 2017). Various research methodologies
adopted by chosen firm i.e. Halfords, are as follows:
Primary Research: In this type of research methodology, researcher extracts data and
information from directly approaching to various people. In this new as well as trending data is
been extracted from undertaking activities of personal interview, questionnaire, survey and many
more. One of the advantage of using this type of research is that, marketer of the concerned firm
is able to extract realistic and more reliable information which contributes towards undertaking
up of effective planning and strategies formulation of the business firm.
Secondary Research: In this type of research methodology, researcher uses already
existing information and data. In the following research, secondary data is taken from articles,
journals, websites, etc.
Qualitative Research: This type of research focuses more on qualitative information
rather than quantitative. It seeks information about trending management theories and apply
them for effective conduction of respective operational activities of research. Qualitative
research is conducted by researchers for understanding concept, experience and opinions of
others. The qualitative research includes observations, focus groups, interviews,
Quantitative Research: This type of research program extracts various statistical and
numeric data for forming up of various plans and strategies of the business firm. Quantitative
research is the process of analysing the numerical data. This is used for finding patterns and
averages.
The present report is being conducted by taking qualitative as well as quantitative
research methodology. Reason behind conducting research using these methodologies for

conducting this research is that by using quantitative data true sense of information is being
extracted from extracting results from conducting various researches by taken selected
candidates for the research questions. On the other hand, qualitative research method helped in
maintaining better quality of the report. This also helped in providing good impression in minds
of readers and increased trust in readers after reading the report.
Sampling: It is the process which is used in statistical analysis. In this research, random
sampling method is used.
Questionnaire: It refers to an instrument which is used my marketing department of the
firm to gather information about effective working of an organisation (Guntrip, 2018). It consists
of various open ended and close ended question which are been asked to the subject for gathering
information which helps in effective making of strategies and plans of the business organisation.
Questionnaire
Q1) Are the management approaches implemented in the organisation is effective?
a) Agree
b) Disagree
Q2) What are the advantages of applying Talent Management techniques in the
workforce?
a) Improves performance
b) Avoids wastage of resources
c) Retaining up of Talented employees
d) All of the above
Q3) Is talent management strategy an essential role of HR in the company?
a) Agree
b) Disagree
Q4) According to your views, in what manner effective talent management is related to
organisational performance?
a) Positively
b) Negatively
Q5) Do you think Halford needs a good talent management ?
a) Agree

b) Disagree
Data analysis and interpretation
The data collected through survey is interpreted and analysed through following graphs.

Theme 1 management approaches of talent management
Q1) Are the management approaches implemented in the
organisation is effective?
Frequency
a) Agree 24
b) Disagree 6

Interpretation
It can be concluded from above pie chart that 24 candidates out of 30 agreed to the point
that management approaches which are been implemented in the organisation is effective enough
to promote healthy working environment in an organisation. On the other hand, there are
remaining 6 candidates who do not have knowledge about the importance of talent management.
Theme 2 Advantages of talent management
Q2) What are the advantages of applying Talent Management
techniques in the workforce?
Frequency
a) Improves performance 4
b) Avoids wastage of resources 5
c) Retaining up of Talented employees 3
d) All of the above 18
24
6
a) Agree
b) Disagree

Interpretation
As by analysing above chart, it can be concluded that there are different advantages of
effective talent management such as improving performance, avoiding wastage of resources,
retaining up of talented employees and all the three. This pie chart reflects As 18 out of 30
respondents think that all the three are major talent management strategies used by the company.
By analysing this result management of the respective firm develops better understanding of its
working culture and gave satisfaction of managers that policies being implemented in
organisation is welcome by various employees positively.
Theme 3
Q3) Is talent management strategy an essential role of HR in the
company?
Frequency
a) Agree 25
b) Disagree 5
4
5
3
18
a) Improves
performance
b) Avoids wastage of
resources
c) Retaining up of
Talented employees
d) All of the above