Analyzing Talent Management Strategies for Employee Retention

This report, focusing on Rowlinson Knitwear, examines talent management strategies to improve employee retention and address high workforce turnover. It outlines the aims and objectives of the organization, emphasizing the importance of human resources in achieving business success. The report details a project management plan including cost, time, quality, and risk assessments, along with the use of Gantt charts and Work Breakdown Structures (WBS) for effective project execution. It explores both qualitative and quantitative approaches to achieving organizational goals and objectives, and discusses data analysis methods and tools. The report also includes recommendations and a reflection on the findings, culminating in a conclusion that highlights the importance of strategic talent management. The report is written from the perspective of Rowlinson Knitwear, a cloth manufacturing organization, and includes the use of primary and secondary data collection methods to gather information on talent management strategies. The estimated cost for this examination venture is about £300 which is utilized for transport, correspondence and procurement of fundamental exploration assets to manage research in an organised manner.

Managing a Successful Business
Project

Contents
TITLE..............................................................................................................................................3
INTRODUCTION...........................................................................................................................3
LO 1.................................................................................................................................................3
Aim and objective of organisation.........................................................................................3
Project management plan including cost, time, quality and risk............................................4
Gantt chart and WBS explanation..........................................................................................7
LO 2.................................................................................................................................................8
Qualitative and quantitative approach to attain organisational goals and objectives.............8
LO3................................................................................................................................................10
Data analysis and with use of appropriate tools...................................................................10
RECOMMENDATION........................................................................................................16
LO 4...............................................................................................................................................17
Reflection.............................................................................................................................17
CONCLUSION..............................................................................................................................18
REFERENCES..............................................................................................................................19

TITLE
“To understand and analyse strategy related with talent management for attracting and
retaining employee’s for longer period.”
INTRODUCTION
The term talent management is explicated as a process through an organisation
formulates or developed policy to retain talented individuals by generating positive environment
at workplace. Leaders, manager and HR department of an organisation are responsible at all level
and departments for retaining talent within the organisation. Talent management strategies are
developed according to the structure of business and needs. Training and development, staff
retention and motivation are some key perspective and it aids differentiate an organisation from
another to accomplish success in minimum time-period. Talented individuals perform all task
with efficiency so it is the responsibility for authorities to attract and retain potential workplace
with implement of revised strategy related with workforce. This report is written from
perspective of Rowlinson Knitwear it is a cloth manufacturing organisation (Al-Bayati and et. al.,
2017). From recent period, demand of clothes is increasing but internal environment is worried
because of high turnover of workforce. Therefore, report highlights on aims and objectives and
project management plan for retaining talented workforce within business. In the last, small scale
research will also gathered to collect and gather data related with talent strategies.
LO 1
Aim and objective of organisation
The success pillar of a business or organisation is monetary, capital, investment and strategy
that are engaged in operations and functions of Rowlinson Knitwaer. According to current
situation such as after globalisation it is identified by management different organisation perform
same work with same resources. But human resources are an effective asset that is not similar for
all types of organisation (D'Netto and et. al., 2014). Therefore, it is mandatory for management
of Rowlinson Knitwear to manage and control workforce with implement of effective talent
management strategy. There are different task performed by business so with right talent strategy
it is easy for engaged workers to enhance motivation for performing their work in an organised
manner.

Project- The term project refers to action, work and activities that are performed for
completing a task. Goals and objectives of an organisation are accomplished through completion
of specific project. There are various activities performed and it is used in completion of all
activities within stipulated time period. Moreover, with design of an effective project Rowlinson
Knitwear complete their work with minimum use of resources by completing organisation task
and activities in an organised manner.
Project management- With the term of project management it is understand that all
methods, procedure, skill and knowledge that are performed by organisation are considered as
completion of project by managing and relating all activities with each other (Mathews, 2015).
Along with project management is used to deliver and manage all action as per decided
parameter and benchmark.
AIM
“To determine and understand talent management strategies for retaining potential and
capable workforce for a longer period.” A study report on Rowlinson Knitwear.
Objectives
 To understand all aspects which is used to manage and motivate workforce to engage in
operations and functions of Rowlinson Knitwear.
 For examining all perspective that is used in managing and completing task for generating
the workforce in Rowlinson Knitwear.
 To analyse advantage for reducing demotivation from the workplace to obtain better
results.
Project management plan including cost, time, quality and risk
The term project is defined as a document which is used to undertake all detail and
information for managing each phase of project in an appropriate manner. Planning, controlling,
monitoring and executing are some of the main components of project management plan which is
used to accomplish objective and goals of organisation in an organised manner. Moreover,
project plays an important role to achieve competitive–edge through managing projects in an
appropriate manner (Meyer, Morrison and Zuniga, 2017). Different benefits that relates with
project management plan are mention as follow:
 This is used to complete all work according to decided time to start initial and end point
of research.

 To arrange all resources related with business and it is used by management in
completion of task with efficiency.
 The probability for accomplish of specific outcome is increased by arranging plan
activities of plan as per decided objectives.
Formulation of project management plan of that include scope, resources, quality, time and
structure is discussed as below:
 Structure- In context of the research related with talent management it is analysed by
investigator that decided steps accomplish of project management plan aids to increase in
enhancing overall efficiency of employees by managing workforce of organisation.
Training and development is first of organisation structure and strategies that is used to
retaining skilled and capable workforce (Okçu, 2014). Moreover, positive perspectives
are identified in managing role related with project such as role of team members on as
per their goals.
 Scope- The potential feature related with term scope and this includes individuals for
completion of task according to project management plan. The use of this research relates
with completion of managing and retaining talents for longer period. This also determines
that research helps in understand of all those areas through which investigator is able to
complete task to retain talent individuals. So it improves work perspective of individuals
within accurate manner.
 Communication-In request to accomplish want results it is fundamental for specialist to
improve correspondence framework. It administers that by receiving appropriate
correspondence all colleagues are proficient to move fundamental and significant data
that drives specialist for finishing the venture as indicated by the cut-off time (Phillips
and et. al., 2016). This likewise alludes all errand are planned in a suitable way by
speaking with people appropriately. In addition, it additionally offers equivalent occasion
to all colleagues to settle on better choices. Messages, graph, websites, composed
archives and so forth are significant assets which help in creating correspondence
framework among analyst and colleagues.
 Resources-For finishing the examination there are various assets is needed by analyst
that incorporates money, books, human resources, magazine and diaries. This all are
utilized by the analyst for gathering fundamental data related with human resources.

Further, some different assets like, portable, web, PC framework are likewise needed by
the researcher and team members for consummation of report suitably that speak to
significant data from research.
 Cost-In request to complete research with an appropriate manner it is compulsory to
divide the necessary cost which is utilized by researcher for finishing their work
appropriately. With a decided budget this is easy for investigator to manage and complete
research in an appropriate manner by managing cost for business. This additionally
alludes analyst mastermind adequate assets to finish research in a proper way (Phillips
and et. al., 2016). The assessed cost for this examination venture is about £300 which is
utilized for transport, correspondence and acquisition of fundamental exploration assets to
manage research in an organised manner.
 Time-For producing extreme rivalry specialist is engaged to finish research in least time
span. The estimated time period to complete this research is two weeks and it includes
engagement of plan that address about analyses of project report and this is used to
complete research with more efficiency specifically in minimum time-period. The
assessed time-frame for this examination is six to seven weeks, alongside this examiner
additionally concluded benchmark to guarantee that all data is significant and suitable for
association. This additionally characterizes that analyst use quality data and current
methods, for example, use of talent strategy that is more effective for investigator.
 Quality-All the information and data which is used by investigator is accumulated with
essential information strategy. Primary and secondary both methods are used for
collection of organised and appropriate information to complete research in proper
manner. Overview, poll, centre gathering and so forth are a portion of the viable strategies
that are utilized for social occasion right data by connecting with respondents lawfully.
So the nature of data is accumulated in a proper way which characterizes agent use
research work to increase quality outcomes from report. It likewise moves around the
quality that fills in as certain perspective for organization. With utilization of value data it
is likewise simple for the executives to utilize data that drives scientist to increase true
results of talent management data (Syed, 2020). Quality control diagram additionally
function as a successful device for keeping up the nature of task that assists with
upgrading research quality.

 Risk-In application to finish the research, investigator and other members recognize
diverse issue or factor like, less interest of respondents, no respond from colleagues,
inadequate correspondence ability. The term risk divide all factors through which task are
managed with motive of minimising risk and issue related with research. So with talent
management and examination strategies examiner less number of issue inside the
exploration. This likewise guarantees more number of individuals guarantee their view
point which is critical to finish the venture. Further, hazard examination additionally
assists with addressing all inquiries by investigating all issue related with research.
Gantt chart and WBS explanation
Work-break down structure
The term project work-break down structure is defined as an effective project
management plan and it is used to simply the task in completion of organisational work with
more efficiency. In the context of this research, WBS is used to simplify project activities into
small components and this is used to understand project (Turner and et. al., 2016). Moreover, as
per perspective of workforce the term WBS support to analyse and complete work in an
organised manner through dividing them into small components due to which it is easy to
manage organisational work properly. With implement of proper WBS activities all action are
covered through the use of managing proper communication system to manage research
according to project action.

Gantt chart- It is one of the most effective project management tool which illustrate
different bars and this is used to manage all task as per decided schedule. There are various task
related with project activities so with use of Gantt chart it is easy to complete all activities as per
perspective that demonstrate all information with each other. Data-collection and analysis leads
investigator to perform research activities in an organised manner by gathering all information
and data related with specific topic of research. It results organisation manage and complete all
work as per decided phase of project as it leads to demonstrate information according to graph. It
also refers that readers understand information an interpreted the current process for completing
research in an organised manner.
 LO 2
Qualitative and quantitative approach to attain organisational goals and objectives
Research design- With the term research design, researcher and organisation formulate the
process through which organisation strategy is designed according to selected components. With
understand of research design management is able to complete their in logical method. Moreover,
the main purpose of research design is to ensure that all information is gathered for specific area.
Qualitative approach- Investigator implement or adopt the method of qualitative approach
which is used to focus on work quality. In order to gain in-depth and detailed information about

research topic an investigator utilise the qualitative approach method to complete all work and
research in proper manner.
Quantitative approach- By use of quantitative approach researcher represents and analyse
all information to demonstrate them with use of pie-chart and graph. Along with this by
presenting information according to research methods this is easy to transparent information of
project with more efficiency (Uygur and Aydin, 2015). It also results that data is shown by the
use of figures and facts to complete research project properly.
Primary data collection method- Sampling, Survey, questionnaire etc. are recognised as
some important aspects which is used by management for completing work according to primary
data collection method. It aids organisation to perform the research in an appropriate manner.
The main role of primary research is to collect information according to the current market
conditions. Moreover, primary research helps in completion of work according to accurate and
authentic information to complete task according to decided topic.
Secondary collection method- Different secondary resources exists in market and it is
used by researcher to collect all information from last project. It undertakes journals, newspaper,
books and magazine for obtaining task and it leads to complete all research as per investigators
requirements. It refers that secondary methods are easy for completing task and objectives as per
decided task because information is already exists that leads to arrange task with old information.
Sampling- The term sampling is defined as an effective process which is used to
complete task according to decided process (Veysel, 2014). This also refers that with pre-
determine number of observation it is easy to complete research with decided observations.
Sampling methodology is used to gather sample from larger population. It also depends on
analysis that is performed according systematic planning and random methods. Random
sampling method and the sample size is 30 to analyse the number of respondents.
Questionnaire
Questionnaire
Q1) Do you understand the role of talent management strategies within the organisation?
a) Yes
b) No
Q2) Is the range or level of Rowlinson Knitwear is impacted due to difference in talent
management among workforce?

a) Yes
b) No
Q3) What do you understand by the role of Talent management that exists in organisation?
a) Retain of workforce
b) Improve motivation among employees
Q4) Which strategy is more beneficial to retain effective employee’s among organisation?
a) To generate awareness
b) Implement of equality and diversity
Q5) Does efficiency and retaining period of workforce is improved with talent management
aspects in business?
a) Yes
b) No
Q6) Is employee turnover is managed with use of talent management perspectives among
organisation?
a) Yes
b) No
Q7) Which barrier generates problems for the organisation to implement talent management
strategy among workplace?
Q8) Recommendation and suggestion to Rowlinson Knitwear to work as per talent management
strategy?
In order to distribute the information all methods are used and it aids to complete research with
motive of managing and completing task according to research perspective. Therefore,
questionnaire is distributed in digital method and hard copy. This leads individuals for
completion of their work with decided approach that is used in selection of organisational
activities and it response with collected information.
All questions that are asked from respondents define individuals perform and complete their
work with motive of managing task with generating relevance activities. It consider to generate
activities that aids in identification of talent management approach. This define all question that
are asked and focused towards development of activities which helps to generate about making
question and asking to understand overall knowledge of talent management strategies.

In the last, question were asked from individuals who are at professional level to complete
research it is because they are talented and skilled to perform work in managing task with more
efficiency. This aids in managing all task by making interview for completing all interview in an
accurate manner. Team approach methods is used for conducting interview of respondents with
effective approach.
 LO3
Data analysis and with use of appropriate tools
Questionnaire
Q1) Do you understand the role of talent management strategies within the
organisation?
Frequency
c) Yes 15
d) No 15
Q2) Is the range or level of Rowlinson Knitwear is impacted due to difference
in talent management among workforce?
Frequency
c) Yes 20
d) No 10
Q3) What do you understand by the role of Talent management that exists in
organisation?
Frequency
c) Retain of workforce 15
d) Improve motivation among employees 15
Q4) Which strategy is more beneficial to retain effective employee’s among
organisation?
Frequency
c) Training and development 20
d) Set of target 10
Q5) Does efficiency and retaining period of workforce is improved with talent
management aspects in business?
Frequency
c) Yes 22
d) No 8
Q6) Is employee turnover is managed with use of talent management
perspectives among organisation?
Frequency

c) Yes 25
d) No 5
Q7) Which barrier generates problems for the organisation to implement
talent management strategy among workplace?
Q8) Recommendation and suggestion to Rowlinson Knitwear to work as per
talent management strategy?
Q1) Do you understand the role of talent management strategies within the
organisation?
Frequency
a) Yes 15
b) No 15
Frequency- According to the above informaton it is analysed by management that talent
management perform an important role to complete all task according to decided strategy. This
also leads in completion of task with decided plans through complete work as per plans and
strategy.
Q2) Is the range or level of Rowlinson Knitwear is impacted due to difference
in talent management among workforce?
Frequency
a) Yes 20
b) No 10