Challenges and Obstacles Faced by Tesco in Talent Management

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Added on  2022/12/28

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This project examines the challenges and obstacles faced by Tesco in its talent management practices. It begins with an introduction to talent management and its importance, followed by a discussion of the project's aims and objectives, which include understanding talent management, identifying challenges, and determining effective strategies. The project then outlines a detailed project management plan, including cost analysis, scope definition, and time management. A Work Breakdown Structure (WBS) and Gantt chart are presented to illustrate the project's timeline and stages. The research methodology involves both primary and secondary data collection methods, including questionnaires and literature review. The findings and data are analyzed using appropriate tools and techniques, leading to recommendations for improving talent management at Tesco. The project concludes with a reflection on the learning experiences and insights gained throughout the research process. The project provides an in-depth analysis of the challenges related to talent management within the organization.
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UNIT-6
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Table of Contents
INTRODUCTION.......................................................................................................................................3
TASK 1.......................................................................................................................................................3
P1) Discuss project aims and objectives..................................................................................................3
P2) Develop a detailed project management plan....................................................................................4
P3) Prepare WBS and Gantt chart to discuss time frame and stages of completion.................................6
TASK 2.......................................................................................................................................................8
P4) Discuss small scale research by applying primary and secondary methods.......................................8
TASK 3.....................................................................................................................................................11
P5) Analyze findings and data with the use of appropriate tools and techniques...................................11
P6) Provide appropriate recommendation from findings and data analysis...........................................17
TASK 4.....................................................................................................................................................18
P7) Reflection........................................................................................................................................18
CONCLUSION.........................................................................................................................................19
REFRENCES............................................................................................................................................20
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Research Topic” Key Challenges and Obstacles faced by organization in talent management”
INTRODUCTION
Talent refers the capabilities, skill and potential of a person to perform different task in an
efficient manner. Here, talent management is a process that is adopted to manage human
resources within company in better manner (Bello-Bravo, 2020). There are ample of strategies
like motivation. Acknowledgement, rewards are used by managers for effective talent
management. It helps company to maintain better coordination at work place. The current
research is based on talent management in TESCO. It is a renowned company of retail sector that
headquartered in UK. It is one of the largest supermarket chains at global level and deals in
groceries and general items. It is currently operating business in nearly 13 countries at global
level. The present report comprises a complete project management plan along with different
techniques of project management such as WBS and Gantt Chart. In addition, various
approaches of data collection and findings also have been included in the report. Lastly, it
comprises necessary recommendations and reflection to demonstrate learning and experiences
through the project. Moreover, it provides detailed analysis regarding obstacles and challenges of
talent management within company.
TASK 1
Discuss project aims and objectives
Project aim: “To identify challenges & obstacles faced by organization in talent
management”. A study on TESCO
Objectives of project:
To develop detailed understanding about the concept of talent management.
To identify the challenges and obstacles faced by TESCO regarding talent management.
To determine strategies that can be used by TESCO in terms of effective talent
management.
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Question of project
What is the concept of talent management in reference of TESCO?
What are the challenges faced by TESCO regarding talent management?
What are the strategies can be used by TESCO to in terms of effective talent
management?
Literature review:
According to Bjorvatn and Wald, 2018, talent management is an approach that is used to
manage employees in company in an effective manner. It is a technique to place right candidate
at right place to attain predefined organizational objectives. In reference of TESCO, managers
prepare appropriate strategies to hire competent staff and also help them to grow & enrich at
work place. It really helps in goal attainment and retain employees with organization for longer
run.
According to Briesemeister, 2018, there are ample of obstacles faced by HR managers
while dealing with human resources at work place. There are several individuals belong from
varied culture, having different personality and mind set work together in organization. So,
managers are required to prepare effective strategies such as motivation and more in order to
ensure the support of employees towards organizational growth and success. Here, managers of
TESCO need to analyse requirement of human resources and provide them motivation
accordingly.
According to Bryant, 2019, it is crucial to manage work force in an effective manner for
betterment of company. For this, purpose, there are a number of strategies can be used by HR
personnels such as maintain proper work culture, arrange programs of training and development
and more. Here, managers of TESCO adopt effective techniques of motivation, training and
development & more in order to retain employees for longer run.
P2) Develop a detailed project management plan
This plan is prepared by managers in order to complete a project successfully. It
comprises various components such as quality, scope, risk, cost and more. This plan is really
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essential and helps to attain predefined project objectives in an appropriate way. Different
variables of the plan are given as under:
Cost: It is an important factor that demonstrates the overall cost and expenses in
completion of project. It is crucial to analyze the cost of project as it helps to keep proper control
over cost. With this, manager will be able to ensure adequate profit margin form overall project.
Here, expenses incurred in current project are discussed as under:
Particular Amount 2019-20 ( $)
Technology cost 8000
Salary of researcher 5000
Travel expense 3000
Training charges 2500
Miscellaous expenses 1500
Total 20000
Scope: It is analyzed that current research has broader scope to provide better grasp on
certain topics that will help researcher to undertake future projects in an efficient manner
(Chaston, 2017). In addition, it will also help to provide detailed knowledge on the issues related
to talent management and will help to prepare appropriate strategies to manage work force within
company in better manner.
Time: It is the another crucial component of overall project where researcher require to
determine the time period in which whole project will be completed. It is really essential to
complete project within time and also to make proper use of available resources. For the current
project, time period of 9 weeks has been determined by researcher.
Quality: Here, it is crucial to maintain higher quality of project throughout the duration
of project. For this, researcher is required to gather data and information from relevant and
authentic sources. It will further help to reach at appropriate conclusion that is essential for
success of overall project.
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Communication: Here, proper communication between various parties involve in
research. It helps to reduce down misunderstandings, confusion between different parties that
helps to get desired results (Harmon, 2019). For this, investigator is required to have effective
communication with subordinates in order to combined the efforts of whole tea towards goal
achievement. It will help researcher to get support of employees and maintain effective
coordination throughout the project.
Risk: It is analyzed that future is uncertain thus there are ample of risk associate with it.
So, researcher is required to make anticipations about future situations and then prepare
appropriate strategies in order to meet with future uncertainties effectively. With this,
investigator will be able to confront uncertain situations in an effective manner that is crucial to
meet with predefined objectives.
Resources: There are ample of resources required to complete a project in successful
manner. It includes several tools, techniques, labor in order to meet with predefined goals of
research. These resources are essential to reach at appropriate conclusion through research.
P3) Prepare WBS and Gantt chart to discuss time frame and stages of completion
It is vital for researcher to determine overall time of research as it helps to complete the
whole project in predefined period of time. In addition, there are different techniques such as
WBS and more are used by investigator in order to draw meaningful conclusion through research
(Huber, Kaufmann and Steinmann, 2017). Here, it is crucial for researcher to use appropriate
tools in order to assess overall duration of research that will help to complete assigned project
successfully within pre decided time. Different techniques of project management are given as
under:
Work break down structure (WBS):
It is a technique under which the whole project is divided into smaller task. Then these
activities are assigned to different team members so that the whole project can be completed
within schedule time. In addition, it also helps to reduce down the complexity and fulfill
assigned task in minimum possible cost. Here, managers breaks the complex project in smaller
and manageable task that will further help to complete the whole project in an efficient manner.
It is a way to divide more complex deliverables into manageable task that helps to conquer whole
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project with higher efficiency and effectiveness. Main aim of WBS is to complete project in
minimum possible period of time by bifurcating whole work into smaller and manageable task. It
really helps to maintain higher productivity and efficiency of team members that is crucial to
attain predefined project goals.
Gantt Chart:
It is a tool that is used for effective time management as it helps to complete each and
every activity within predefined time. It is a graphical tool that is used to schedule task in better
manner. For this, manager first need to indentify different activities related to project along with
the capabilities of human resources working within team (Janssens, 2019). It helps to divide task
among team members as per their skills and potential that helps to make effective use of
productivity and efficiency of employees at work place. Here, timelines and task are designed in
horizontal bar that demonstrates start and end date of a project. In addition, it also shows
deadlines, dependencies, scheduling and more. For the current project time frame is given as
under:
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TASK 2
P4) Discuss small scale research by applying primary and secondary methods
Research methodology
It is a process that is used by researcher in order to collect and analyse available data and
information in an efficient manner. Here, it helps to analyze reliability and validity of research. It
includes a complete procedure such as data collection, analysis, interpretation and more. In
addition, research methodology helps to gather detailed information that further helps to reach at
meaningful conclusion. Different types of research methodology are given as under:
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Qualitative method: It is a crucial method of research that helps to gather detailed
information about respondents. There is proper interaction between researcher and respondents
that help to provide in depth information. There are ample of methods such as focus group,
interview and more are used in order to gather information from candidates (Kalitsis and
Ambridge, 2017). These details really help to reach at appropriate conclusion with the help of
detail information. In addition, it also help to gather additional information that will be helpful to
attain desired results.
Quantitative method: Here, statistical method and techniques are used to reach at
appropriate conclusion. Here, data is analysed with the help of numerical and mathematical
techniques. So, it helps to get proper analysis and evaluation that is helpful to reach at
meaningful conclusion. In addition, different graphs, charts are used in this method in order to
evaluate available data & information. In this, data is measure in numerical way which help to
get desired results in predefined period of time.
Data Collection: For the purpose of research, it is crucial to collect data and information
in proper manner. There are different techniques are used for data collection that are given as
under:
Primary data: It is an important way of data collection in which information is gathered
by researcher with own efforts. Here, data is completely raw, relevant and highly authentic. In
addition, there is proper interaction between respondents and investigator that help to gather
detailed information (Ottosson, 2019). There are several methods are used for primary research
such as observation, survey, interviews and more. These techniques help to gather detailed
information that is essential to get desired outcomes. It is analyzed that there is higher relevancy
and authentication in primary research as data is collected by investigator. In current research,
questionnaire has been used to collect information. It will help to gather information from
respondents that will further help to reach at appropriate conclusion.
Secondary data: It is also a crucial way of data collection that is used widely by researchers.
Here, information is gathered from articles, journals, websites and more. Here, internet is also
considered as a crucial source of data collection. However, investigator is required to check the
relevancy and authentication of secondary data. In addition, there are several government
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agencies that also help to collect authentic information on a particular topic. It is a time and cost
effective manner of data collection where researcher is able to collect information from already
available data. For the current report, data has been collected from various websites, journals,
articles and more. It will help researcher to collect appropriate information in minimum possible
period of time that will lead towards meaningful conclusion. With the help of secondary
information, investigator will get detail information without investing higher time as well cost.
There are a lot of sources used in secondary research. In the present research data has been taken
from ample of websites, journals and more which will help in getting positive outcomes (Cole
and Trinh, 2017).
Questionnaire
Question 1: Do you aware with the concept of talent management?
Yes
No
Question 2: What do you think does talent management help TESCO to retain employees for
longer run?
Yes
No
Question 3: In your opinion, what are the strategies of effective talent management?
Detailed job description
Acknowledgement and recognition
Opportunities of development
Question 4: What are the challenges faced by TESCO in terms of talent management?
Hiring potential talent
Improving employees turnover
Creating talented ethical culture
Question 5: In your opinion, what are benefits of talent management for TESCO?
Retaining potential employees
Motivated workforce
Productive and effective performance
Question6: What are the strategies used by TESCO to retain employees for longer run?
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Providing appropriate motivation
Rewards and recognition
Providing continuous training for career enrichment
Question7: What do you think does effective approach of talent management help TESCO to get
competitive edge at market place?
Yes
No
TASK 3
P5) Analyze findings and data with the use of appropriate tools and techniques
Q1. Discuss concept related to talent management? Frequency
(a) Yes 16
(b) No 14
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13
13.5
14
14.5
15
15.5
16
16.5
Chart Title
Interpretation: With above chart, it is analyzed that talent management is a crucial
concept that refers formulation of several strategies in order to manage employees at work place.
Now, companies understand the importance of talent management in order to retain work force
with company for longer run. There are 16 respondents who are well aware with the concept of
talent management. On another side 14 people out of 30 are still lacking in knowledge of talent
management. So, it is crucial to arrange necessary training and development program to make
aware people with the emerging concept of talent management.
Q2. What do you think does talent management help TESCO to
retain employees for longer run?
Frequency
(a) Yes 17
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