Comparative Analysis of Talent Management Strategies at Tesco Plc

This report delves into the critical realm of talent management, specifically focusing on the strategies employed by Tesco Plc to attract and retain employees. The report begins by outlining the aims and objectives, including a comparative analysis with Sainsbury's, and poses key research questions to guide the investigation. It explores the concept of talent management within a business context, examining its impact on business performance and the importance of attracting and retaining talented employees. The methodology involves gathering data from both primary and secondary sources. The findings highlight the importance of talent management for business success, with survey results indicating a strong understanding of talent management principles. The conclusion emphasizes the significance of talent management in the modern business landscape and offers recommendations based on the research. The report references academic literature and provides insights into effective talent management practices for fostering business growth and success.

Managing successful business
project
“What talent strategies do the best
companies use to attract and retain
people?”

Content
Introduction
Aim and objectives
Research questions
Secondary data
Research approach
Findings
Conclusion and recommendations
References

Introduction
The study aim to determine the talent management strategies
that are implemented by the businesses to attract and retain
employees at workplace, therefore, managing talent is the key
consideration of the business and its management to gain more
growth and procession.

Aim and Objectives
Research Aim
To identify the talent management strategies that best companies use to attract and retain
employees at workplace. A study on Tesco Plc.
Research Objectives
To understand the concept of talent management in the context to business.
To identify the talent management strategies that is implemented by business to attract
and retain employees at workplace.
To analyse the impact of attracting and retaining talented employees over increasing the
performance of the business.
To conduct a comparative analysis over Tesco Plc and Sainsbury in relation to
implementing talent management strategies to improvising the business operations.

Research Questions
 What is the concept of talent management in the context to
business?
 What are the talent management strategies that are implemented
by business to attract and retain employees at workplace?
 What is the impact of attracting and retaining talented employees
over increasing the performance of the business?
 The execution of a comparative analysis over Tesco Plc and
Sainsbury in relation to implementing talent management
strategies to improvising the business operations?

Project management plan
 Scope
 Time
 Resources
 Quality
 Cost

Secondary data
 According to the opinion of Momtazian (2021), Talent management is
characterizes as an essential instrument that include techniques identified
with updating capability of workers gifts so they will hold for a more
extended timeframe
 As per the opinion of Keller and Meaney (2017), talent management
mainly deals with developing, attracting and retaining the key business
talent at workplace, therefore, talent management mainly has positive
impact over attracting and retaining employees at workplace, thus
managing talent is the key role performed by the human resources of the
business as it is effective in increasing the operational ability of the
business

Approaches and Methodology
The execution of investigation is mainly relay over
accumulation of suitable information from the most
suitable sources, therefore, the accumulation is mainly
encompasses over two aspects i.e. primary and secondary
source of information collection

Findings From The Research
Individual have an appropriate understanding in relation to the aspect of talent management in
context to business.
Q1) Do you have an appropriate understanding in relation to the aspect of
talent management in context to business?
Frequency
a) Yes 29
b) No 1

Talent management is imperative for the
Tesco Plc to gain growth and success at
market place.
Q2) What do you think, talent management is imperative for the Tesco Plc to
gain growth and success at market place?
Frequency
a) Yes 28
b) No 2

Conclusion and Recommendations
According to the detailed analysis of the project it has been
concluded that, talent management, is an important role which is
performed by the human resource management at workplace,
however, in the modern and competitive business era, it is hard
to attract and retain employees at workplace.

References
 Hongal, P. and Kinange, U., 2020. A study on talent
management and its impact on organization
performance-an empirical review. International Journal
of Engineering and Management Research, 10.
 Marinakou, E., 2019. Talent management and retention
in events companies: Evidence from four
countries. Event Management. 23(4-5), pp.511-526.