Talent Management and Company Performance: A Study of Pret A Manger

This project aims to analyze the impact of talent management on company performance, focusing on Pret A Manger. The project management plan outlines the scope, timeline, risks, cost, resources, and communication strategies involved. A work breakdown structure (WBS) and Gantt chart are used to illustrate project tasks and timelines. Primary data is collected through questionnaires, while secondary data is gathered from literature reviews, exploring various perspectives on talent management's role in employee attraction, retention, and organizational success. The findings and analysis section delves into the questionnaire responses and their implications, ultimately leading to recommendations for Pret A Manger. The project also includes a reflection on the learning process and challenges encountered.

PROJECT PLANNING

Table of Contents
TASK-1............................................................................................................................................3
Aim and Objective.......................................................................................................................3
Project management plan.............................................................................................................3
Work breakdown structure and Gantt chart.................................................................................4
Primary data and short questionnaire..........................................................................................8
Secondary data and literature review...........................................................................................9
Finding and analysis..................................................................................................................11
Recommendation.......................................................................................................................15
Reflection...................................................................................................................................15
REFERENCES................................................................................................................................1

TASK-1
Aim and Objective
Aim:
To analyse the impact of talent management on the performance of company: A study on
Pret A Manger.
Objectives:
 To analyse the concept of talent management.
 To determine the impact of talent management on the performance of the company.
As talent management is an important concept with respect to company that would enable it
to make attraction as well as retention of employees. Since it is concerned with the attraction of
talent and its retention which would further assist right to be said that talent management would
play an important role in raising its performance with the efficient workforce.
Project management plan
Scope:
This is the first element of the project which would cover the various activities in relation
with the project that would lead to raise the success (Friedland, Folt and Mercer, 2018). The
scope of this project would be considered towards the aspect of talent management and its
activities which would lead to raise the performance of the company.
Time:
This is an important aspect with regard to the project. this is very important that the
project would be accomplished within the given time limit in order to attain its objectives
(Richardson and Jackson, 2018). the concerned project would be accomplished in 6 months.
With the accomplishment of the project in given time the chances of its success would be raised.
Risk:
Like every project, this project would also bear various risk that may have an impact
towards the outcome of the project. The major risk in the concerned project is related with the
finance and time. This is because in order to perform the concerned activities the project would
need an adequate cost management structure. Likewise, it is equally important the project would
be made completed in the required time limit.
Cost:

This is related with the money that would be required in the completion of the project. It
is an important aspect with respect to the project (Wroblewski and De Micheli, 2017). This is
because the project need to be made completed in the given proportion of cost. This project
would require a sum of £300. This would apportioned as:
Resources/Activity Cost
Collation of secondary data £35
Collation of primary data £35
Internet £100
computer £50
Others £80
Resources:
These are the base that would lead to have an important role in the performance of the
project. this is because with the mode of adequate resources the project would be made
accomplished in an effective manner. the major resources that would be used in this project
would be human resource, internet, computer, stationary and various other. With the efficient use
of resources the concerned project would meet its objective in an efficient and effective manner.
Communication:
This is the key of project management plan because it would lead to the sharing of
information and idea. In the concerned project the communication would be made between the
project manager, employees and other personnel by the mode of formal method through the
sending of mail. This would lead to make effective sharing of ideas and information.
Work breakdown structure and Gantt chart
WBS:

Gantt chart:
Task Mode Task Name Duration Start Finish Predecessors
Manually Scheduled Initiation 8 days Mon 1/4/21 Wed 1/13/21
Auto Scheduled Idea
development 2 days Mon 1/4/21 Tue 1/5/21 1
Auto Scheduled Goals and
Objectives 2 days Wed 1/6/21 Thu 1/7/21 2
Auto Scheduled Outline 2 days Fri 1/8/21 Mon 1/11/21 2,3
Auto Scheduled Recognizing
the stakeholders 2 days Tue 1/12/21 Wed 1/13/21 4
Auto Scheduled Planning 11 days Wed 1/6/21 Wed 1/20/21 5
Talent management
Initiation Planning Execution Monitoring Closing
Finding the project goal
Finding of key
resources
Setting up of WBS
Determining
motivational techniques
Execution of the project
plan
Supervision of progress
Compliance with the
procedures that are
related with quality
assurance
Measurement of
execution
Modification of errors
Approving the final
acceptance
Determining the
required budget
Final approval
Survey
Allocation of resources
Creation of formal
project plan
Structuring
Method of planning to
do the task
Analysis of the risk
Checking of
compliances related
with change
management
Monitoring of all the
stages
Administration and
financial closure
Accomplishment of the
project

Auto Scheduled Survey 3 days Wed 1/6/21 Fri 1/8/21 2
Auto Scheduled Developing
plan 3 days Mon 1/11/21 Wed 1/13/21 7
Auto Scheduled Preparation of
budget 2 days Thu 1/14/21 Fri 1/15/21 8
Auto Scheduled Structuring 3 days Mon 1/18/21 Wed 1/20/21 8,9
Auto Scheduled Execution 8 days Mon 1/18/21 Wed 1/27/21 10
Auto Scheduled Allocating
resources 3 days Thu 1/21/21 Mon 1/25/21 11
Auto Scheduled Marketing 3 days Mon 1/18/21 Wed 1/20/21 8,9
Auto Scheduled Risk Analyzing 2 days Tue 1/26/21 Wed 1/27/21 12,13
Manually Scheduled Monitoring 10 days Thu 1/28/21 Wed 2/10/21 14
Auto Scheduled Ensuring
operation 3 days Thu 1/28/21 Mon 2/1/21 15
Auto Scheduled Feedback 7 days Thu 1/28/21 Fri 2/5/21 16
Auto Scheduled Modifying
errors 3 days Mon 2/8/21 Wed 2/10/21 17
Auto Scheduled Closure 52 days Thu 2/11/21 Sat 4/24/21 18
Auto Scheduled Reviewing of
operations 2 days Thu 2/11/21 Fri 2/12/21 19
Auto Scheduled Approving
changes 1 day Mon 2/15/21 Mon 2/15/21 20
Auto Scheduled Evaluation of
success 1 day Mon 2/15/21 Mon 2/15/21 21

Primary data and short questionnaire
Primary data:
It refers to the data which is being collected for the first time. This is the first hand data that
is being collected directly from the source. It is the most authenticate and valid form of data that
would assist the research in terms of accomplishment of its objectives.
The primary data helps in collection of fresh and new information which has not been used
before. It also helps in reducing bias and discrimination as the researcher himself collects and
analyse the data. It also helps the researchers to gain more knowledge and understanding on the
topic of the project (Davis and Pimenta, 2021). The current project will help the researcher to
gather better understanding and knowledge on talent management. It will allow the researcher to
attain knowledge on how the companies can use talent management within its workplace in order
to enhance its employee engagement, employee retention and improved employee productivity.

This is highly important source of data which would enable the research to be performed
in the effective mode. This is because with the aspect of primary data the most authenticate and
information related with the source would be able to get approached.
Short questionnaire
This is one of the best mode of collecting the primary data because with the aspect of
questionnaire the data from the responded in regard to the concerned topic would be able to get
collected in an easy mode.
1. What is talent management from the following options in your point of view?
 It is a technique to attract, retain and select employees in a company
 It is the process of workforce planning for enhancing employee engagement in the
workplace
 It is a procedure of improving employee performances and selecting the most
talented workforce
 None of the above
 All of the above
2. Which of the following strategies does the company have to support talent management?
 Performance evaluation
 Motivation and encouragement
 Feedback and reviews
 Rewards and recognition
 All of the above
3. Do you think that talent management play an important role with respect to the growth of
the organization?
 Yes
 No
 Can’t say
4. Does the Pret A Manger have effective talent management strategies?
 Strongly agree
 Agree

 Neutral
 Disagree
 Highly disagree
The above questions would be asked from the employees of the managerial level of Pret A
Manger that would enable the research based on talent management to get accomplish its aims
and objectives.
Secondary data and literature review
Secondary data refers to the data that is being collected from the secondary sources
including the articles, journals, books and various others. Secondary data is the already being
explored and discovered (Johnston, 2017). It is readily available and may lead to save the time
and cost of the company.
Literature review:
As per the views of the Gallardo-Gallardo, Thunnissen and Scullion, (2020) talent
management is the process that is related with the attraction, selection as well as retention of the
employees within the organization. It is the strategy that would enable the organization to attract
the talented employees within the organization along with taking of suitable actions and
strategies that would lead to retain the employees.
Khilji and Schuler, (2017) also states that talent management is the essential aspect that is
related with the company which would enable it to achieve the success. It is the key of the
success because with the aspect of talent management the talent would be manage within the
organization that would lead to assist the organization in the attainment of its objectives. Since
human resource is the asset of the organization which would lead to make execution of the
resources and the plans into action. And with the aspect of talent management the efficient
employees would retain in the organization that would assist it for the grabbing of growth and
accomplishment of its objectives.
On the other hand, Rinaldhy, (2020) critics that talent management involve the huge
percentage of cost and expenses with respect to the company. This is because it requires a lot of
cost to make strategies and its implementation with respect to the raising of employee’s
motivation. This means although company would be benefited but at the same time it would lead
to raise the expenses of the company in terms of raising of the cost.

Stojanovska and Mitrevski, (2020) also elucidates that talent management has a direct
and positive impact towards the organization in terms of enabling the raising of its sales and
profitability. This can be understood as with the aspect of the talent management the employees
would retain in the organization that would lead the organization to make efficient working of its
plans and policies. This would further assist the company in terms of raising the performance in
terms of raising the aspect of sales and the profitability. It would also lead to have a positive
impact with respect to an organization in terms of enabling it to gain competitive advantage with
the aspect of efficient and skilled workforce. This means through talent management the
employees would remain retain in the organization that would enable the it to gain the
competitive advantage with the efficient moves and actions of the employees.
Vaiman, Collings and Scullion, (2017) also states that it would also benefits the
organization in terms of making it ready for bearing the future risk and changing situation with
the skilled and talented workforce. It will assist the organization to meet its objectives because it
is directly linked with raising the efficiency of the employees along with holding such talented
employees within the organization.
However, in the same mode Collings, Scullion and Caligiuri, (2018) also said that with
the aspect of talent management organization is not only able to make attraction of the talented
employees but at the same time would also be able to make their retention. This would be further
assisted with the building of the efficient and skilled workforce with the experienced staff. It
would be right to said that the talent management would lead to have a major role with respect to
the company because it would enable it to hold the talent along with its development.
Finding and analysis
Question 1
Question 1: What is talent management from the following options in your point of view?
Options Respondents
It is a technique to attract, retain and select
employees in a company
7
It is the process of workforce planning for
enhancing employee engagement in the
workplace
5

It is a procedure of improving employee
performances and selecting the most talented
workforce
4
All of the above 4
Analysis:
As per the above graph and table it can be interpreted that from a sample of 20 employees
of managerial level, as per majority employees i.e. 7, the talent management as the process of
attraction, retention and selection of employees. However, 4 employees said that it is the process
of improving the employee’s performance. This can be further supported with the literature that
talent management is the process of attraction and retention of the employees (Gallardo-
Gallardo, Thunnissen and Scullion, 2020).
Question 2: Which of the following strategies does the company have to support talent
management?
Options Respondents
Performance evaluation 6
Motivation and encouragement 4
Feedback and reviews 3
Rewards and recognition 2

All of the above 5
Analysis:
In accordance with the table and graph it can be analysed that performance evaluation is
the main strategy that can be used by the company in the support of talent management. This is
because majority of the employees have this view. However, some of the employees i.e. 2 the
best strategy would be the reward and recognition. On the same way 5 employees agrees that the
strategy of talent management is related with every aspect including the motivation, rewarding,
evaluation and various other.
Question 3: Do you think that talent management play an important role with respect to the
growth of the organization?
Options Respondents
Yes 15
No 4
Can’t say 1