Unit 6: Managing Talent in TESCO - Business Project Report

This report examines talent management within TESCO, focusing on its impact on organizational success. The introduction defines talent management and its importance, followed by a discussion of aims, objectives, and research questions. The report includes a literature review, a project management plan outlining costs, scope, quality, and risk factors, and a Work Breakdown Structure (WBS) and Gantt chart for project organization. Primary and secondary research methods are employed, utilizing questionnaires to gather data on employee perceptions. The data interpretation section analyzes survey results, highlighting employee awareness of talent management concepts and its benefits. Recommendations are provided for TESCO to enhance its talent management strategies, and a reflection on the project concludes the report. The report emphasizes talent management's role in attracting, retaining, and developing employees to drive growth and improve employee experience within the organization.

Unit 6: Managing a Successful
Business Project

Table of Contents
INTRODUCTION...........................................................................................................................1
LO1..................................................................................................................................................1
P1 Aim and objectives................................................................................................................1
P2 Project Management Plan......................................................................................................2
P3 WBS and Gantt chart ...........................................................................................................3
LO2..................................................................................................................................................5
P4 Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives...........................................................................................5
LO3..................................................................................................................................................8
P5 Data Interpretation.................................................................................................................8
P6 Recommendations ...............................................................................................................12
LO4................................................................................................................................................13
P7 Reflection ............................................................................................................................13
CONCLUSION .............................................................................................................................15

Title: Talent management in an organisation.
INTRODUCTION
Talent management is termed as a methodical organized process through which
organisation can strategically hire, recruit or retain right talent. Main aim of this to ensure more
growth and better opportunities (Anlesinya and Amponsah-Tawiah, 2020). Talent management is
an essential process through which organisation can retain top talent while improving employee
experience.
Present report has been conducted on TESCO, which is operating its business services in
retailing sector. In this report formative discussions has been made upon the concept of talent
management for which aims and objectives has been underlined. Along with this report also
include project management plan, reflection and recommendations for future growth and
development.
LO1
P1 Aim and objectives
Research Aim:
“To study the role of talent management in success of an organisation”. A case study on
TESCO.
Research Objectives:
 To study the concept of talent management.
 To examine various challenges that organisation face in talent management. To determine the various strategies that could be adopt by TESCO for talent
management.
Research Questions:
 What you mean by the concept of talent management at workplace?
 What are that challenges that organisation face in talent management? What are the various strategies that could be adopt by TESCO for talent management?
Literature Review
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Concept of talent management at workplace
As per the view point of Bonneton, Festing and Muratbekova‐Touron, 2020 talent
management is defined as a constant procedure that mainly includes attracting and retaining
highly talented, skilled and potential employees. For this management engages in the process of
offering continuous motivation to employees in order to maximise their overall level of
performance (Talent Management. 2020). Employees acts as the most important asset of an
organisation thus with the help of talent management process business can improve its
performance, allow entity to stay competitive, drive innovation, develop more productive teams
and more.
Challenges that organisation face in talent management
As per the view point of Leggat, Liang and Howard, 2020, an organisation can face
number of challenges while executing the process of talent management. It has been evaluated
that major challenge that can entity can face is related to creation of a culture of engagement. In
this company can somehow face challenge to build trust among senior management and
employees. Entity can face challenge related to building a culture of engagement through which
entity can retail experienced and skilled employees for long period of time. In addition to this,
entity can also face challenge related to offering proper training and development to employees.
Various strategies that could be adopt by TESCO for talent management
In order to assure more growth, development and long term sustainability it is essential
for an organisation to manage talent in an organisation. For this it is essential for company to
treat employees with more effectiveness (Mohammed and Gururajan, 2020). It has been
evaluated that there are number of strategies that can be undertaken by TESCO in order to
manage talent in organisation. Proper training and development courses in most important way
especially in this digital age through which skill and efficiency of employees can be increased in
both personal and professional manner. Along with this by undertaking advantage of
compensation programmes employees can be satisfied.
P2 Project Management Plan
Project management plan is defined as a formal document in which a detailed outline of
activities are being included such as project objectives, aim, deliverables, goals, timeline and
budget through which project can be done with having a proper track. Project management plan
include certain elements that are being defined below:
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Cost :-
It involves estimated amount that are going to be use in the completion of all the
underlined activities of project. For present project approximately £60,000 is required.
Scope :-
This factor is inclusive of various elements that are project functions, deliverables,
ultimate costs, deadlined and tasks. It has been evaluated that present project is being conducted
on talent management which is having wide scope for company growth.
Quality :-
It is one of the most important aspect through which project manager can ensure
accomplishment of project with higher standards (Krishnan, Razak and Ahmed, 2020). In order
to fulfil present project objectives with higher quality necessary information will be provided to
stakeholders in order to maintain transparency.
Communication :-
This factor include completion of project goals and objectives in an effective manner.
With having proper communication unnecessary issues can be removed. In order to conduct
present research researcher will undertake use of telephone, email, social media and more.
Risk:
This factor is important to be effectively consider by researcher as risk can affect
accomplishment of project objectives in number of ways. In order to conduct present research in
effective manner research is required to evaluated risks related to allocation of information from
authenticated sources, smooth availability of funds and more.
P3 WBS and Gantt chart
Work Break down structure:
It mainly defined as a hierarchical tree structure that basically determined the project
break in to manageable or smaller parts (Ronnie and Glaister, 2020). With the help of WBS
researcher or organisation can organize their work and can further undertake identification of
potential scope of risks through which project can be done in more effective manner.
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Gantt chart:
It is one of the most important way to underline all the activities that are required to be
conduct in a project against time (Sheikh, Christina and Sharina, 2020). By taking advantage of
Gantt chart researcher can avoid resource overload and can further measure project progress in
an effective manner. With the help of this graphical tool understanding and interpretation of
project can be done in efficient way.
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LO2
P4 Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives
Primary research-
It is a methodology in which researcher collect data and informations to conduct research
directly. In this informations get collected from fresh sources from observations, interviews
online surveys and more (Lotfi, Hasani and Esfahani, 2020). It has been evaluated that, in this
data collection method there is more involvement of time and cost.
Secondary research-
In this data collection method data and informations get allocated from already existing
sources. Furthermore, it has been underlined that in order to fulfil research objectives researcher
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take use of published reports, internet, journals, articles and more. In this data collection method
there is less time and cost involved.
In order to fulfil present research objectives researcher will undertake advantage of both
primary and secondary data collection methods. Main aim behind this is to increase effectiveness
of research outcomes.
Quantitative research-
This form of research methodology mainly include data which is depicted in statistical or
numerical terms. In this there are various methods being involved that can be undertaken by
researcher namely interviews, observations or surveys.
Qualitative research-
This research analysis mainly include analysis and collection of data presented in non-
numerical form (Cross Walker, 2020). Main aim behind this is to have proper understanding of
experiences, concepts or opinions. With the help of this in-depth insights can be gain. Qualitative
research include methods such as open ended questions, literature review and more.
It has been evaluated that in order to accomplish present research objectives, researcher
will undertake use of qualitative method. Main purpose behind this is to determined preferences
as well as attitude of consumers.
Questionnaire :
It is mainly termed as a written set of questions along with some certain choice of
answers. Main purpose behind devising this to conduct a study or survey. It has been evaluated
that with the help of questionnaire researcher can effectively determine understanding of
viewpoints and perceptions of individuals (Clarke and Scurry, 2020). In order to conduct present
research with 30 respondents has been duly undertaken by researcher.
Questionnaire
Q1) Are you aware with the concept of talent-management in
organisational premises?
Frequency
a) Yes 20
b) No 10
Q2) As per your opinion does talent management practices aid an Frequency
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organisation to accomplish goals and objectives?
a) Agree 25
b) Disagree 5
Q3) Are you aware of the importance of talent-management in
organisational workplace?
Frequency
a) Yes 15
b) No 15
Q4) What are the benefits of talent management? Frequency
a) Employee Development 10
b) Improved Employee Experience 10
c) Increase Employee and Manager Engagement 10
Q5) As per your view can the organisational productivity be maximised
with the help of talent management?
Frequency
a) Yes 20
b) No 10
Q6) Underline the challenges that can be face by TESCO management in
promoting talent management practices?
Frequency
a) Performance assessment 18
b) Compensation 6
c) Training and Development 6
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LO3
P5 Data Interpretation
Theme 1: Concept of talent-management in organisational premises
Q1) Are you aware with the concept of talent-management in
organisational premises?
Frequency
a) Yes 20
b) No 10
Interpretation:
Talent management is an essential process in which attracting and retaining of high
quality employees is being done by making development in their skills and knowledge on
continuous basis. Main aim behind this is to significantly improve employees performance in
order to assure higher profitability and growth. According to the above mentioned graph it has
been determined that 20 out of 30 respondents agrees with the fact that they are aware with the
talent management concept as they believes that with the help of talent management organisation
can increase performance and productivity of both employees and company. While on the other
hand, remaining 10 respondents out of 30 did not have any awareness of talent management
concept.
Theme 2: Does talent management practices aid an organisation to accomplish goals
and objectives
Q2) As per your opinion does talent management practices aid an
organisation to accomplish goals and objectives?
Frequency
a) Agree 25
b) Disagree 5
Interpretation:
Talent management practices is an effective practice that aid an organisation in number
of ways. It has been evaluated that by promoting talent management practice entity can increase
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performance of its works in an effective manner through which organisation can assure long term
sustainability as well as growth. According to the evaluation of above mentioned graph it has
been determined that 25 out of 30 responsibility are agree with the fact that they are agree with
the fact that with the help of talent management organisation can effectively fulfil underlined
goals as well as objectives in an effective manner. While remaining 5 respondents disagree with
this fact and believes that organisation need other practice in order to accomplish objectives and
goals with more effectiveness.
Theme 3: Importance of talent-management in organisational workplace
Q3) Are you aware of the importance of talent-management in
organisational workplace?
Frequency
a) Yes 15
b) No 15
Interpretation:
Talent management offers number of benefits to an organisation through which they can
assure higher productivity and long term sustainability in marketplace. It has been evaluated that
talent management is playing most important role in an organisation that allows entity to have
access of wide range of growth opportunities. According to the graph it has been evaluated that
15 out of 30 respondents are fully aware with the importance of talent management within
organisational workplace structure. As they believes that talent management increases
performance and productivity of employees through which organisation can assure long term
growth. While on the other hand, remaining 15 respondents said that they did not have any
understanding of the importance of talent management within company workplace structure.
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Theme 4: Benefits of talent management
Q4) What are the benefits of talent management? Frequency
a) Employee Development 10
b) Improved Employee Experience 10
c) Increase Employee and Manager Engagement 10
Interpretation:
Talent management is an important process for an organisation growth and long term
sustainability. With the help of this process entity can increase its overall profitability and
productivity in an effective manner. As per the evaluation it has been determined that talent
management offer number of benefits to an organisation, according to the graph it has been
evaluated that 10 out of 30 employees are in the favour of the fact that talent management
facilitate employee development in an organisation through which overall productivity can be
increased. Along with this, other 10 respondents out of 30 states that talent management aid an
organisation with improved employee experience through which employees can perform their
roles and responsibilities with more effectiveness. At last, remaining 10 respondents said that
with the help of talent management company can measure increase in employee and manager
engagement through which entity can assure less employee turnover.
Theme 5: Can the organisational productivity be maximised with the help of talent
management
Q5) As per your view can the organisational productivity be maximised
with the help of talent management?
Frequency
a) Yes 20
b) No 10
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