Business Project Report: Talent Management at Marks & Spencer

This report presents an analysis of talent management strategies, focusing on a case study of Marks & Spencer. The research aims to examine the company's approach to attracting and retaining talented employees. The report includes an introduction to talent management, research aims and objectives, research questions, and data interpretation based on surveys. Key areas of investigation include the concept of talent management, strategies employed by Marks & Spencer, challenges faced, and the importance of talent management within the organization. Data is presented in tables summarizing responses to survey questions. The report also provides recommendations for improvement, a reflection on the research process, and a conclusion summarizing the findings. References to relevant literature are included. The findings suggest that while Marks & Spencer employs various strategies, challenges such as employee turnover and lack of leadership persist. The report emphasizes the crucial role of talent management in business development and growth, highlighting the need for effective strategies to attract and retain a competent workforce.

MANAGING A SUCCESSFUL BUSINESS
PROJECT
Talent Management

TABLE OF CONTENT
 Introduction
 Research aim and objectives
 Research Questions
 Data interpretation
 Recommendation
 Reflection
 Conclusion
 References.

INTRODUCTION
Talent management is considered as one of the essential part of
firm as well as this drives towards having affect upon whole
business performance and productivity. Moreover, this is
defined as the procedures of attracting as well as retaining
staff that are much competent for attaining objectives.

RESEARCH AIM AND OBJECTIVES
Research aim- “To analyse the strategies that are implemented
by establishment to attract and retain talented workforce. A
case study on Marks & Spencer.”
Research objectives
 To understand the conception of talent management and
preservation.
 To monitor the plan of actions which is executed by the
administration of M&S in term of retaining skilled manpower.

RESEARCH QUESTIONS
 What is the concept of talent management and retention?
 What are the strategies that is utilised in term of retaining and
administrating workers?
 What are the challenges which suffered by M&S to manage its
skilled workforce?
 What is the importance of talent management?

DATA INTERPRETATION
Q1. Are you familiar with the concept of talent management and
retention?
Frequency
(a) Yes 6
(a) No 4
Frequency
0
1
2
3
4
5
6
Yes
No

TABLE 2..
Q2. What are the plans of actions which are executed by the
administration of M&S in term of retaining qualified and skilled
workforce?
Frequency
(a) Peron organisation fit 3
(a) Reward and compensation 7
Frequency
0
1
2
3
4
5
6
7
Peron organisation
fit
Reward and
compensation

TABLE 3
Q3. Are you agreeing that these strategies will assist in managing
talented workers in M&S?
Frequency
(a) Yes 8
(a) No 2
Frequency
0
1
2
3
4
5
6
7
8
Yes
No

TABLE 4
What are the challenges that suffered by the management of
M&S due to lack of talent management?
Frequency
(a) Enlarge employer turnover 1
(a) Lack of leadership 9
0
2
4
6
8
10
Frequency
(a) Enlarge
employer
turnover
Lack of
leadership

TABLE 5
Q5. In which term and form Talent management is crucial for
Marks & Spencer?
Frequency
(a) Development of company 4
(a) Retaining high performance workforce 6
0
1
2
3
4
5
6
Frequency
Development of
company
Retaining high
performance
workforce

TABLE 6
Q6. What is the major function played by the administration of
M&S for developing manpower?
Frequency
(a) Training and development 7
(a) Supporting problem solution 3
0
1
2
3
4
5
6
7
Frequency
Training and
development
Supporting
problem
solution

TABLE 7
Q7. In which manner, administrators of M&S are engaged
regarding managing top talent within the firm?
Frequency
(a) Empower accountable workers 4
(a) Provide opportunities to grow 6
0
1
2
3
4
5
6
Frequency
Empower
accountable
workers
Provide
opportunities to
grow