Impact of Talent Management Strategies: M&S Report

This report examines talent management strategies at Marks and Spencer (M&S), a prominent retail firm. The study begins with an introduction to talent management and its significance, followed by an outline of the report's aim, which is to evaluate the impact of M&S's talent management strategies. The report then explores the objectives, which include understanding talent management in a global context, examining various talent management strategies, and analyzing their impact on M&S's workforce. Research questions delve into the core concepts, strategies, and challenges of talent management at M&S. The report also includes recommendations for improving talent management, such as emphasizing leadership, rewarding employees, and implementing effective career planning. Finally, the report includes a reference section with relevant sources. The report aims to provide a comprehensive analysis of M&S's approach to talent management and offers insights into how the company can enhance its strategies for employee retention and overall business performance.

Managing a
Successful Business
Project

Topic
 To analyse impact of talent management strategy use by organisation in attract
and retain people in United Kingdom. A study on Mark and Spencer.
Introduction
 Talent management refers to the process in which skilled as well as talented workforce
are retain by organisation for achieving higher goals on time. Mark and Spencer (M&S)
well known retail firm around the globe and because of professional and qualified
workforce. There are number of strategy use by M&S such as focuses on personal
growth of employees by providing incentives, increment, opportunities, promotion etc.

Aim
 Evaluate the impact of talent management strategy use by Mark and Spencer to retail as well as attract
talented and skilled workforce.
Objectives
 To understand the concept of talent management in globalization.
 To study different types of talent management strategies used by firm.
 To analyse impact of talent management strategies use by M&S workforce retaining talented and skilled
workforce.
 To identify challenges face by different talent management strategies use by Mark and Spencer and suggest
recommendation.

Research Questions
1. What is the idea behind talent management in time of globalization?
2. What are various types of talent management strategies used by
organisation?
3. What is the impact of managing talent strategies on workers of Mark
and Spencer?
4. What problems Mark and Spencer facing in talent management
strategies and how it can overcome from it?

Recommendations
Important for Marks and Spencer to increase the leadership in the organization as leadership is one of the factors
which increase the retention rate of the organisations an employee get motivated when they have a good leader and
it also increase the retention rates of the organization as a good relationship with the employees help the
organization in achieving better performance and employees also feel motivated to do the working. it helped the
organization in developing the best of the relationship with their employees so that employees feel motivated and
found a good bond with the organizations which make them rely on the organizations for a longer period of time.
Marks and spencer’s also need to focus on the value of reward and recognitions and provide a career management
and career planning to the employees with a good planning to increase the staff retention. the company need to
adopt the best nature software’s and licensed software’s which can increase the decision cycle and employment
tenants which can help in increasing the overall efficiency of the talent management process of the organization.

REFERANCES
Society Through Turbulent Time: Proceedings of the
MakeLearn and TIIM Joint International Conference 2016 (.pp.
803-809). ToKnowPress.
Altememi, A.F. and Almashhadain, A.H., 2020. The most
motivating work characteristics of employees and their impact
on talent management strategy. Journal of Administration and
Economics, (123).