Analyzing Talent Management Strategies: Business Project Report

This report delves into the critical aspects of talent management within organizations, focusing on strategies to attract and retain employees. The project aims to identify successful talent management practices, using a case study on Waitrose to illustrate real-world applications. The report outlines project aims, objectives, and a comprehensive literature review. It details the project management plan, including cost, scope, and time considerations. It includes a work breakdown structure and Gantt chart for project organization. The research methodology involves both primary and secondary research methods, ensuring data reliability and accuracy. The findings are presented through data analysis, including pie charts, to interpret survey results from 40 respondents. Recommendations are provided to Waitrose, and the report concludes with a reflection on the research process and challenges faced. The report emphasizes the importance of talent management in enhancing workforce management, as supported by the references cited.

Managing a Successful Business
Project

Table of Content
Introduction
Project aims and objectives
Literature Review
Project management plan
Work breakdown structure and Gantt chart
Research Methods
Presentation of the data and findings
Communication of the recommendations
Reflection
Conclusion
References

Introduction
Talent management is related with analysing the overall
workforce management scenario in a organisation. It is
related with the process of attracting retaining and
developing employees for longer time period. There are
diverse organisational strategies that can help in
maximisation of employees overall potential.

Project Aim and Objectives
Aims: “To identify talent management strategies do the best companies are
using to attract and retain people in long run”. A case study on Waitrose.
Objectives:
To understand the basic concept of talent management strategies
To identify strategies required to attract and retain people in Waitrose
To analyse challenges associated with attracting and retaining people in
Waitrose.

Literature Review
Basic concept of talent management strategies
As per views of Karin Ansari (2016), there are different talent management
strategies that can be used in organisations for the purpose of attracting and
retaining employees in order to maximise their present potential level.

Project Management Plan
COST: In the present research work there is need to incur some of the cost
that is related with procurement of resources.
Scope: the scope of research is based on analysing the different talent
management strategies that can be used in organisations for the purpose of
maximisation of the present value of employees.
Time: it is every important for the researcher to identify the overall time
frame in which the overall project has to be completed.

Work Breakdown Structure and Gantt Chart
In a research activity, a work-break structure (WBS) is a deliverable-oriented
breakdown of a project down into smaller parts., 2018).

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Gantt charts are analysis
tools that aid in the planning
and scheduling of projects of
all kinds, but they are
especially beneficial for
simplifying complex
projects.

Research Methods
Primary method: It is, also known as raw data, is data gained directly
from the source through tests, surveys, or inspections.
Secondary research: Secondary data is information gathered by
someone other than the original user.

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Reliability: the overall reliability of the information is based on collecting
primary sources of information that is helping in the completion of research
work as per high degree of relevance. The first hand collected information will
help in enhancing the authenticity of the overall report.
Accuracy: The research report consists of reliable and accurate form of
information because there is a mix of both primary and secondary sources of
collecting data.

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Interpretation: there is interpretation of the collected primary sources of data
by using thematic analysis and pie chart for the purpose of interpreting the
information.
Sample size: the overall sample size that is part of the present research report
is based on using 40 respondents.

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Sampling method: In the present research because of the covid-19 research is
done online and for this a respondent size of 40 was effective. It helped in the
process of having sufficient information because it was not possible to gther
information by physically visiting the organisation therefore online mediums
have been used by the researcher.