Business Project: Talent Management Challenges and Solutions (Tesco)

This project delves into the critical challenges and obstacles within talent management across various business sectors, with a specific focus on Tesco as a case study. The project begins by establishing clear aims, objectives, and a structured timeframe, followed by a comprehensive project management plan outlining the scope, communication strategies, resource allocation, and critical success factors. A work breakdown structure and Gantt chart are employed to ensure efficient task management and scheduling. The research methodology includes both primary and secondary research methods to gather data, which is then presented and analyzed to identify key issues and propose actionable recommendations. The project culminates in a reflection on the value gained from the project, demonstrating a thorough understanding of talent management principles and their practical application within a real-world business context, ultimately aiming to improve Tesco's talent management strategies and overall organizational performance.

Managing a Successful
Business Project

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1: Project Aim and Objectives...................................................................................................1
P2: Project Management Plan......................................................................................................3
P3: Work Breakdown Structure and Gantt Chart........................................................................6
TASK 2............................................................................................................................................8
P4: Small-scale research using primary and secondary methods................................................8
TASK 3..........................................................................................................................................10
P5: Presentation of data and findings.........................................................................................10
P6: Recommendations...............................................................................................................15
TASK 4..........................................................................................................................................16
P7: Reflection.............................................................................................................................16
CONCLUSION..............................................................................................................................18
REFERENCES................................................................................................................................1

INTRODUCTION
Managing a Successful Business Project refers to undertaking a specific business project
by setting a particular aim as well as different types of objectives so that the project is
undertaken successfully and the goals and objectives which are related with the project are
attained in the right manner (Abdullahi, Raman and Solarin, 2020). The aim of the study is to
provide detailed background of the way talent management is used in the right way within the
different types of organisations which can help a lot in ensuring that the managers of the
organisations are able to take appropriate steps for the purpose of dealing in an effective way
with the wide range of needs and requirements of the organisation. Therefore, the organisations
are required to make sure that they can undertake business projects and use appropriate
techniques and methods so that these projects are successfully completed. The company which
has been chosen for this report is Tesco. It is a British Company which deals in groceries and
other related products. It provides these products to the customers to earn profits. The research
topic which has been set for this project is “The key challenges and obstacles which are faced in
different business sectors in terms of talent management”. In this report, specific analysis will be
made on establishment of project aims, objectives and timeframes, conducting of small-scale
research, presentation of the project. Additionally, reflection on the value gained from the project
will also be covered as a part of this particular assignment.
TASK 1
P1: Project Aim and Objectives
Overview- The overview of the topic is to ensure that the use of talent management is specified
in the right way within the organisations for the purpose of ensuring proper management of the
different types of talented people within the organisation effectively and efficiently.
Rationale- The rationale for the study is to make sure that by making the use of talent
management the organisations are able to take the different types of desired actions so that they
are able to manage the talented people in the right way.
Topic- “The key challenges and obstacles which are faced in different business sectors in
terms of talent management”
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Aim- “To identify the problems and issues which are faced by the organisations in the
terms of talent management and making appropriate plans for solving them effectively and
efficiently”
Objectives-
 To identify the problems and issues which are faced in the talent management within the
organisations.
 To assess the needs and requirements related with talent management in the
organisations.
 To identify the techniques and methods for making talent management successful in the
organisations.
Research Questions-
 What is the need of talent management in the organisations?
 What are the problems and issues which are faced in Talent Management in Tesco?
 What are the methods and techniques which can be used by Tesco to deal with the
problems and issues in Talent Management?
Literature Review-
According to Mona Momtazian, Therefore, Tesco has to make sure that its managers are
able to understand this importance of talent management which will help the company a lot in
ensuring that it can raise its overall level of efficiency and effectiveness in talent management.
As per the views given by Andre, application of Talent Management in the organisations
faces different sort of challenges which are required to be overcome. The presence of these
challenges helps a lot as it leads towards ensuring that the different types of goals and objectives
can be attained in the right manner. The challenges of Talent Management such as Encouraging
passion, embracing new interests, Offering impressive salaries, Giving encouraging work,
Attracting talent in the first place and Being open-minded. Thus Tesco can face these type of
challenges while trying to apply talent management strategies in the organisation which can thus
create problems and issues for the HR department in ensuring the attainment of goals and
objectives.
According to the opinion of Jay Tankersley, the different types of strategies can be used
by the organisations for ensuring Talent Management within the organisations. The strategies
which can be used by the management are Align Talent and Strategy, Perform Consistent
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Employee Reviews, Recognize Top Employees and Take Talent Management Courses. Thus, in
this way Tesco's management can make sure that it is able to raise the overall level of efficiency
and effectiveness and thus manage the talent of different type of people in the organisations
effectively and efficiently. This will help in development of talent of people and will help a lot in
raising the productivity level.
P2: Project Management Plan
. It is quite essential to prepare this plan because it helps in ensuring that the project
which is being undertaken by the organisations can become successful (Beamond, Farndale and
Härtel, 2020).
The Project Management Plan which will be used by Tesco for the purpose of ensuring
that the challenges and obstacles in talent management can be resolved in the right manner. The
different types of components of this plan are explained in the following manner-
Scope Statement- The scope of Tesco's project will be to ensure that the identification of
the problems and issues which come in the way of Talent Management can be identified and
appropriate actions can be taken for the purpose of resolving them effectively and efficiently
which will help the HR department of the company in attaining the goals and objectives in the
future (Collings, 2017). Tesco will ensure that it is able to identify the way global companies are
able to recognize talent which can help a lot in meeting out a wide variety of needs and
requirements effectively and efficiently.
Communication- The communication of the project will be made by Tesco to the people
who are interested in it through conducting the interviews and by sending them emails. This will
be quite helpful in ensuring that the communication is done in the right manner effectively and
efficiently.
Resources- Wide variety of resources will be required for the purpose of successfully
managing the project's needs and requirements. Tesco will thus be required to make sure that
financial resources, human resources, operational resources and intellectual resources which are
required for the project are arranged which can be helpful for the company to be able to attain the
goals and objectives of the project.
Critical success factors- Tesco's project will be dependent on several Critical success
factors like Training sessions for the employees, The amount of compensation paid to the
employees, Efficiency and Effectiveness of HR department, Motivation sessions for the workers
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etc. Thus in this way these particular factors can be quite helpful for the company to be able to
attain the desired goals and objectives related to the project of Talent Management.
Deliverables- There are several deliverables which are expected when the completion of
this project takes place. Some of them are explained as follows-
 Increase in the level of efficiency and effectiveness- It is expected that after the
completion of the project that the level of efficiency and effectiveness of the people can
be enhanced in the right manner. Tesco's project will therefore make sure that the
efficiency and effectiveness level of its workers can be increased which will benefit it a
lot in the future.
 Proper management of talent- After the completion of the project, it is expected that
the proper management of talent in the organisation will be carried out. Thus in this way,
it can be said that Tesco is able to properly manage the talent of people effectively and
efficiently.
Work Breakdown Structure- A Work Breakdown Structure i.e. WBS is essential in Project
Management because it helps in ensuring that a main task is divided into several small objectives
and thus appropriate methods and techniques can be used in order to ensure that these particular
objectives can be attained (Cooke, 2017). Thus, in this way the managers of Tesco can make sure
that they are able to use it for the purpose of ensuring that the division of the tasks can be done
properly and thus the workers can be allotted tasks according to their skills and abilities so that
they are able to achieve these tasks. Thus it can be said that it becomes important for the
management of company to prepare it.
Schedule- It is important to set a particular schedule for the project so that the tasks are
segregated in the right manner for the purpose of ensuring that the overall goals and objectives
can be attained within the set time-frame (Dang, Nguyen and Ha, 2020). Therefore, for a
company like Tesco it is quite crucial that it is able to set the schedule for its project by making
the use of a Gantt Chart. It is helpful in dividing the work into different types of activities so that
the use of appropriate methods can be made which will help in making the project successful.
Budget- A Budget refers to an estimation of the different types of receipts and the expenditures
during a particular course of time i.e. mostly a year (Divekar and Raman, 2020). For Tesco, the
use of Budget is important so that the company is able to ensure that it is able to plan out its
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receipts and expenditures for making its project successful. The Budget of the company in
relation to Application of Talent Management Strategies is as follows-
Particulars Amount(In Pounds)
Planning Exp. 25000
Implementation Exp. 5000
Admin Exp. 4000
Operational Exp. 1000
Miscellaneous Exp. 5000
Total 40000
Cost- The total cost of the project which is being undertaken is 40,000 pounds which can
be quite helpful in ensuring that the project needs and requirements can be met out in the right
manner effectively and efficiently.
Time- The time which will be taken for the completion of the project is eight weeks in
which the project will be completed successfully in the right manner.
Quality- The quality considerations have to be kept in mind by the managers of Tesco
before they are able to try out various types of combinations for the purpose of raising the overall
level of efficiency and effectiveness (Holck and Stjerne, 2019). Therefore, for the managers of
Tesco it is important to take into account the quality factors related with Talent Management so
that the overall level of efficiency and effectiveness can be enhanced. Good quality of the project
has to be ensured so that the delivery of the project can be done in the right manner. Thus, In the
context of Tesco it is important that the project meets out the expectations which have been set.
Human Resources Plan- The Human Resources Plan of Tesco in relation with
application of Talent Management Strategies is explained as follows-
Particulars Details
Training Sessions Training sessions will be held for the different
employees of Tesco which will be quite helpful
for them in ensuring that they are able to
develop their own skills and competencies in
the right manner for the attainment of the goals
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and objectives.
Talent Search Examination Talent Search Examination will be conducted
by Tesco to ensure that the company is able to
assess the level of talent of the different
employees in the organisation which will help
in ensuring that the proper steps are taken for
the purpose of talent development.
Stakeholder list- There are various stakeholders in Tesco who will be interested in this
particular project (Joubert, Madau and Grobler, 2017). Details of these stakeholders is as
follows-
 Workers- Workers are important stakeholders for Tesco because it is for them only that
the Talent Management Strategies will be applied so that their talent is managed in the
right manner.
 Management- Management of Tesco is an important stakeholder because it has to make
sure that the identification of Talent Management Strategies and their application can be
done in a proper manner within the organisation.
Communication- The communication in Tesco will be done by making the use of hierarchical
methods and techniques which will be quite helpful in ensuring that the company is able to
ensure that the plan related to Talent Management Strategies can be applied effectively and
efficiently (Kalra, 2018). This will make the Talent Management Strategies successful and the
problems and issues which are being faced in it can be resolved in a proper manner.
Risk Register- The Risk Register in Tesco will be maintained regarding the project of Talent
Management because applying this project in the large-scale in the organisation is a risky affair
and thus a thorough risk assessment has to be done for the same which will help in reducing the
risks effectively and efficiently in the right manner (Karam and et.al., 2017). The risk assessment
of the company can be done by ensuring that it is able to consider the level of risks which are
present in the project and the different types of methods and techniques which be used
specifically for the purpose of dealing with them effectively and efficiently.
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Procurement Plan- The Procurement Plan of the resources required by Tesco for making the
Project a success is as follows-
Resources required Strategies applied
Human resources Frequent recruitment and training of the
workers.
Financial resources Assessment of the funding requirements and
meeting them out effectively and efficiently by
ensuring that the company is able to arrange
the finances properly in the right manner.
P3: Work Breakdown Structure and Gantt Chart
Work Breakdown Structure- A Work Breakdown Structure i.e. WBS refers to a chart
in which a proper break-down of the work is done in small tasks so that different employees are
given tasks to perform according to their skills and capabilities (Knott, 2016). In this way, it is
quite important that its preparation is done by Tesco so that the company is able to divide the
work related with Talent Management into several small tasks and use proper methods and
techniques to achieve these tasks. The WBS of Tesco is as follows-
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Gantt Chart- A Gantt Chart is a diagram which displays the schedule through which the
different types of activities can be arranged in the right manner so that the arrangement of tasks
can be done properly which will help in achieving a higher-level of efficiency and effectiveness
(Kohestany and Yaghoubi, 2017). Thus Tesco can make its use so that the company is able to
make sure that it is able to raise its overall standards in the right manner and thus ensure that its
Project of Talent Management has a proper schedule.
The Gantt Chart for Tesco to be able to create a proper schedule for Talent Management
is as follows-
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TASK 2
P4: Small-scale research using primary and secondary methods
There are a wide range of different types of techniques and methods which can be used for the
purpose of carrying out research. Some of them are explained as follows-
 Qualitative research- In this type of research, the study is done through ensuring that the
use of the available information, views of the people are taken into account without
making the use of numbers. Thus, for a company like Tesco this can be helpful in
ensuring that the research aim and objectives are effectively and efficiently covered.
 Quantitative research- In this type of research, the study is carried out through ensuring
that the use of a wide variety of numbers is made. This can help a company like Tesco to
be able to ensure that the different types of conclusions and recommendations can be
derived by it.
 Research philosophy- For the purpose of carrying out the research, the use of Research
Onion Philosophy can be made in which there are multiple layers which are related with
the research. In Tesco, this can be useful in successfully carrying out the research.
 Data sampling- In this approach, the use of various types of samples is made so that the
data is managed in the right manner. Tesco can make sure that the use of different types
of samples can be made by it to make a proper use of the information in the right manner.
Small-scale research can be carried out by making the use of different types of methods.
The following methods can be used by an organisation like Tesco for the purpose of ensuring
that it is able to make sure that it can attain its different types of goals and objectives effectively
and efficiently. The researcher will make use of Quantitative research method in which the
analysis will be done through the use of numbers for the purpose of carrying out appropriate
analysis and interpretation effectively and efficiently. The following methods can be used by the
company for this particular purpose-
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