Empire College London: Business Project on Talent Management

This report analyzes talent management strategies, focusing on employee retention within the context of a business project. The study examines the concept of talent management, its importance, and challenges faced by the Morrison retail company in the UK. The research methodology includes qualitative research with data collected from 20 employees, analyzed thematically. The findings reveal awareness of talent management's impact, its role in managing and retaining employees, and the significance of strategies in boosting productivity and reducing employee turnover. The report recommends setting employee-specific goals and providing financial and non-financial motivators. It concludes that effective talent management is essential for business success in a competitive market. The report includes references to academic sources and provides a comprehensive overview of the project's aims, objectives, research methodology, data interpretation, and recommendations. It also presents the awareness of talent management.

UNIT 6- MANAGING A
SUCCESSFUL BUSINESS
PROJECT

TABLE OF CONTENT
 INTORDUCTION
 AIMS AND OBJECTIVES
 RESEARCH METHODOLOGY
 DATA INTERPRETATION
 CONCLUSION
 REFERENCES

INTRODUCTION
 Talent management is defined as the keeping the employees within the company happy and satisfied.
 This is essential for the company as if the employees within the company will not be happy and satisfied
then this will affect the working of the company
 The current study is based over company Morrison which is a large chain of retail company in UK.
 The company was founded by William Morrison in the year 1899 and is headquartered in Bradford in
UK.

AIMS AND OBJECTIVES
Aim
“To analyse the best strategies of talent management which assist company in retaining employees within organization. A study
on Morrison.”
Objectives
 To articulate the concept of talent management.
 To evaluate the importance of talent management strategies in retaining employees within company.
 To examine the various challenges faced by Morrison in managing and retaining employees with help of talent management
strategies
 To recommend some of the strategies to Morrison in effectively using the talent management strategies for purpose of
retention of employees.

RESEARCH METHODOLOGY
Type of methodology Methodology used
Research type Qualitative research type
Research approach Inductive approach
Research philosophy Interpretivism philosophy
Data collection Primary and secondary methods
Sampling 20 employees of Morrison
Data analysis Thematic data analysis

DATA ANALYSIS
 Theme 2: Yes, use of talent
management assists
company in managing talent
in company.
Theme 1: Awareness relating to
concept of talent management.

Continued….
 Theme 3: All of the above is the
major impact of high turnover of
employees within the company.
 Theme 4: Positive is the impact of
using the talent management
strategies on productivity of
company.

Continued….
 Theme 5: Retaining talented
employee is the major importance of
using talent management strategies
at time of retaining employees.
Theme 6: Yes, there are strategies which
are helpful in retaining the talent in the
company.

Continued….
Theme 8: High employee turnover
is the main challenge which
company faces in managing talent
at the workplace.
Theme 7: All of the above are the various
strategies helpful for company in managing
talent within company.

CONCLUSION
From the above whole discussion it was found that managing talent is the most essential aspect
for company in this current competitive world.
The major reason for this is that the competition in the business world is high and if employees
do not get much appreciation in one company then they switch over to another company.

RECOMMENDATION
From the above discussion it is clear that there is a requirement of improving talent management
strategies within the business. Hence, for this some of the major recommendations for Morrison are
as follows-
 Setting goals by keeping in mind capabilities of employees
 Providing of time to time financial and non- financial motivators.

REFERENCES
 Scullion, H. and Mullholland, M., 2020. Global Talent Management. The SAGE
Handbook of Contemporary Cross-Cultural Management, p.212.
 Taylor, S., 2018. Resourcing and talent management. Kogan Page Publishers.
 Krishnan, T.N. and Scullion, H., 2017. Talent management and dynamic view of talent
in small and medium enterprises. Human Resource Management Review. 27(3). pp.431-
441.