Talent Management Strategies: Employee Retention Project at Morrisons

This project investigates talent management strategies used by companies, particularly Morrisons, to attract and retain employees. It covers the concept of talent management, strategies adopted by Morrisons, and challenges faced during workforce retention. The project includes a management plan with cost, scope, time, quality, resources, and risk considerations. It employs both quantitative and qualitative research methods, including questionnaires, to gather primary data, supplemented by secondary data from books and journals. The findings highlight the importance of equal growth opportunities and effective compensation, while also addressing issues such as ineffective leadership and high employee turnover. Recommendations include improving leadership practices and fostering a positive work environment. The project also reflects on the skills gained, such as communication, time management, and project management proficiency. Desklib provides access to similar projects and study resources for students.

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Table of Contents
TOPIC: What talent management strategies do best companies use to attract and retain people.................3
Introduction.................................................................................................................................................3
Research Aim: “......................................................................................................................................3
Research objectives:................................................................................................................................3
Research Questions:................................................................................................................................3
STEP -1 Project management plan..............................................................................................................3
STEP 2: Conduct Primary and Secondary Research....................................................................................6
STEP 3: Present Findings............................................................................................................................7
STEP 4: Reflective Practice.......................................................................................................................12
Conclusion.................................................................................................................................................13
References.................................................................................................................................................14

TOPIC: What talent management strategies do best companies use to attract and retain
people
Introduction
Talent management refers to utilizing the manpower of business efficiently. It is a wide
term that comprises different aspects of HRM. It involves various activities from recruitment to
selection to training and retaining the employees for longer duration (Anlesinya and Amponsah-
Tawiah, 2020). For the current project Morrison’s is taken into consideration that is a
prestigious retail organization of UK. The study will include project management plan, primary
and secondary research, findings, performance review and more.
Research Aim: “To identify the strategies of talent management strategies adopted by the
companies to attract & retain employees.” A study on Morrison.
Research objectives:
 To acknowledge the concept of talent management.
 To identify the strategies adopted by Morrisons for retaining the talented workforce.
 To evaluate the challenges faced by Morrisons during retention of work force
Research Questions:
 What is the concept of talent management?
 What are the strategies adopted by Morrisons for retaining the talented workforce?
 What are the challenges faced by Morrisons during retention of work force?
STEP -1 Project management plan
It is a document that is formulated by the researcher in order to undertake the research
work in a systematic way. The different elements of project management plan are mentioned
below:
Cost: This element is associated with the expenditure that will incur during the entire
project. There is requirement of 600 euro to complete the existing project.

Scope: In the current study, there is scope to formulate appropriate talent management
strategies to hire, motivate as well as retain talented people in the organization (Kerzner, 2018).
Time: It is associated with the time that is available to complete the entire project. While
undertaking a project, it is crucial for the researcher to determine the time schedule so that the
project can be completed without any delay. For the existing project there will be requirement of
2 months to complete it efficiently.
Quality: During a project, it is imperative to maintain the quality of outputs and results.
In this context, the investigator needs to collect data from reliable sources for drawing
meaningful conclusion (Rowe, 2020).
Resources: In project work, there is requirement of several resources and equipments
which can be further used for the purpose of data analysis and interpretation.
Risk: There is significant amount of risk is associated with a project. Due to the dynamic
nature of business environment, it is imperative to identify and address the risk in appropriate
way (Khomyakov, Mirgalimova and Sillitti, 2020).
Work breakdown structure
It is a widely used tool of project management wherein the entire project is divided into
smaller components. In this, the entire project is classified in manageable components so that the
complexity can be reduced at minimum level. It helps in defining the roles & responsibilities of
each and every member in completion of project work (Butler, Vijayasarathy and Roberts, 2020).
Under this tool, the activities are divided into smaller parts and the roles & responsibilities are
assigned to different individuals so that they accomplish the project work in timely manner.

Gantt chart:
It is a graphical tool that is often used by the researcher to complete a project as per the
predefined schedule. It comprises necessary information like dependencies, timeline, schedule
and more. This tool not only helps in minimizing the complexity but also make the people
familiar with their roles and responsibilities in completion of the project work (Bjorvatn and
Wald, 2018). It includes starting and ending date of project so that the entire research work can
be completed in an efficient manner.

STEP 2: Conduct Primary and Secondary Research
Quantitative method: This method is developed to deal with the large amount of
information that is presented in statistical or numerical form. Quantitative method is associated
with the use of numerical and statistical tools and technique to gather as well as analyze the
information in an efficient manner (Voogt and et. al., 2018). It is a time consuming process and
performed by the highly skilled employees of organization. Also, the researcher needs to have
necessary skills to use quantitative tools for data analysis.
Qualitative method: Under this, detailed and in depth information is collected through
group discussions, interviews and more. The main aim of qualitative method is to collect detailed
information from respondents to make useful inferences in future.
Primary data: Primary data is fresh and raw that is gathered through interviews,
service, observation and more. Reliability is high in case of primary information as it is collected
by the investigator without taking help of an external source. However, there is a requirement of
huge time and resources to collect the primary information (Runco and Beghetto, 2019).
Secondary data: It is the data that is collected from the existing information through
books, journals, Websites etc. Secondary data lacks in terms of authenticity and reliability but it
assist researcher in gathering detailed information on a specific topic. It is possible to collect
huge amount of information through secondary sources within limited time and cost (Strimel and
et. al., 2020).

Questionnaire
Q1. Do you have knowledge about concept of talent management concept?
(a) Yes
(b) No
Q2. What are the strategies can be adopted by Morrisons so that employees can be retained
for longer duration?
a)Equal growth opportunities
b)Effective compensation & reimbursement
Q4. What are the issues faced by the Morrisons while retaining the talented work force.?
a)Ineffective leadership
b)High employee turnover
Q4. Do you think talent management strategies help Morrisons in retention of employees:
a) Yes
b) No
STEP 3: Present Findings
Q1. Do you have knowledge regarding the talent management and
retention concept at workplace?
Frequency
(a) Yes 17
(b) No 13

Interpretation: Through the above chart, it is analyzed that 20 respondents have significant
knowledge about talent management concept whereas 10 respondents not having significant
information about the respective concept.
Q2. What are the strategies can be adopted by Morrisons so that
employees can be retained for longer duration?
Frequency
(a)Equal growth opportunities 16
(b) Effective compensation and reimbursement 14
20
10

53%
47%
Chart Title
(a) Equal growth opportunities (b) Effective compensation and reimbursement
Interpretation: The above chart shows that growth opportunities are consider as
significant strategies of talent management by 16 respondents whereas 14 individuals consider
that reimbursement and compensation are the most significant strategies for managing talent
appropriately within the company.
Q3. What are the issues faced by the Morrisons while retaining the
talented work force.?
Frequency
a) Ineffective leadership 17
b)High employee turnover 13

57%
43%
Chart Title
a) Ineffective leadership b)High employee turnover
Interpretation: According to the response , it is analyzed that 17 respondents consider that in-
effective leadership is the major problem that is being faced by the respective entity.
Additionally, 13 respondents consider high employee turnover as the major issue of talent
management in the company.
Q4. Do you think talent management strategies help Morrisons in
retention of employees?
Frequency
a) Yes 18
b) No 12

60%
40%
Chart Title
a) Ineffective leadership b) No
Interpretation: According to the response gather through 18 respondents, it is found that talent
management strategies help the company in retaining employees for longer duration. On other
side, 12 respondents are not agreed with the respective fact.
Recommendations:
Through the above discussion it is analyzed that the company is required to undertake
some improvements for further betterment. In this context necessary recommendations are
mentioned below:
 It is suggested that the company is required to follow effective leadership practices. Here,
leaders need to provide complete guidance and support to the employees so that they can
face the hardships in an efficient manner and grow in career.
 The organization is facing issue of high employee turnover. To address this problem, HR
managers are required to maintain a positive environment in the organization so that
employees can work with the company for longer duration.

STEP 4: Reflective Practice
While undertaking the above project, I improved my communication skills as I got the
opportunity to interact with ample of people. It enhanced my level of confidence in significant
manner. The use of different project management tools such as work breakdown structure and
gantt chart also enhanced my knowledge regarding the project work which will help me
completing the future project efficiently. In addition to this, I also improved my time
management skills as I need to complete the activities as per the predefined schedule during the
project. These skills will enhance my abilities and competencies so that I can accept challenging
roles in the future period of time.

Conclusion
It is summarized through above-mentioned information that retaining talented people is
important for the future growth and success of the organization. However, the company faces
issues such as lack of leadership, high employee turnover and more during talent management.
Additionally, there is discussion regarding the different components of project management plan
along with the tools of project management such as work breakdown structure and gantt chart.
Through the appropriate primary and secondary sources, researcher can attain do predefined
outcomes of the project work efficiently.

References
Books and journals
Anlesinya, A. and Amponsah-Tawiah, K., 2020. Towards a responsible talent management
model. European Journal of Training and Development.
Bjorvatn, T. and Wald, A., 2018. Project complexity and team-level absorptive capacity as
drivers of project management performance. International Journal of Project
Management, 36(6), pp.876-888.
Butler, C.W., Vijayasarathy, L.R. and Roberts, N., 2020. Managing software development
projects for success: Aligning plan-and agility-based approaches to project complexity
and project dynamism. Project Management Journal, 51(3), pp.262-277.
Kerzner, H., 2018. Project management best practices: Achieving global excellence. John Wiley
& Sons.
Khomyakov, I., Mirgalimova, R. and Sillitti, A., 2020, March. An investigation of the project
management approaches of agile and plan-based companies. In Proceedings of the 35th
Annual ACM Symposium on Applied Computing (pp. 1662-1665).
Rowe, S.F., 2020. Project management for small projects. Berrett-Koehler Publishers.4
Runco, M.A. and Beghetto, R.A., 2019. Primary and secondary creativity. Current Opinion in
Behavioral Sciences, 27, pp.7-10.
Strimel and et. al., 2020. A meta-synthesis of primary and secondary student design cognition
research. International Journal of Technology and Design Education, 30(2), pp.243-274.
Voogt and et. al., 2018. Second handbook of information technology in primary and secondary
education. Springer International Publishing.

Appendices
Performance Review
What did you aim to achieve through your work?
I aimed to develop significant knowledge base about the transformation and the capabilities need to
present among workforce to implement the transformation at workplace efficiently.
Did your work succeed in achieving your aims? How do you know? Specifically, please
outline any evaluation and assessment undertaken.
Yes, the researcher is able to attained all the stipulated aims. For this purpose, I have been set certain
benchmark and evaluated the results on the set benchmark that will help me in terms of making
further improvements.
What aspects of your development process do you think worked well and why? Evaluate
all aspects of the project (e.g. initial research, concept development, development
process, presentation, etc.) from a range of perspectives.
Different elements of the project work performed really well. These aspects included concept
development, presentation, evaluation and more. Here, I performed the initial research, concept
development and also prepared an appropriate presentation to complete the research work
successfully.
What problems emerged during the project and how were they tackled? Was there
timely identification of issues and resolution during the project process?
I faced various issues during the project work in terms of lack of resources, lack of funds, lack of
staff and more. This will affect the entire research project profoundly.

What did you learn from undertaking the project?
I learned about the concept of transformation. Here, I got the knowledge about the significance of
transformation within the business. In addition to this, I got to know regarding the challenges that are
faced by the employees during the implementation of transformation practices.
What are the strengths and weaknesses of your process that you have identified?
In the entire project work, authentic and reliable information has been used that will strengthen the
project. Here, the lack of interest of respondents can be understood as the major weakness of the
project work.
How could your process improve for the future?
The process can be easily improved by collecting data from authentic and reliable sources with an
aim to complete the project work efficiently.