Talent Management Strategies: Attracting and Retaining People

This report investigates talent management strategies used by companies to attract and retain employees, with a specific focus on Morrison's. The study aims to enhance understanding of talent management concepts, articulate the strategies implemented by Morrison's, analyze the impact of these strategies on business performance, identify associated issues, and suggest suitable measures for mitigating these issues. Research questions address the concept of talent management, specific strategies used by Morrison's, the impact on business performance, key issues, and potential solutions. The methodology includes quantitative research, primary data collection through questionnaires from 20 Morrison's employees, and thematic analysis. Key findings indicate that effective talent management strategies are crucial for attracting and retaining employees and positively impact business performance. Recommendations include focusing on both monetary and non-monetary benefits to attract and retain employees.

Managing Successful
business plan

Table of Contents
Title of the Project...........................................................................................................................1
Research Aims and objective...........................................................................................................1
Research Methodology....................................................................................................................5
Interpretation:...................................................................................................................................7
Recommendations............................................................................................................................8
Conclusion.......................................................................................................................................9
References......................................................................................................................................11
Appendix:.............................................................................................................................11

Title of the Project
To investigate the talent management strategies, do the best companies use to attract and
retain people.
Introduction
The study aims to analysing the effective talent management systems that are carried out by
the organizations to draw in and hold representatives, hence, overseeing ability is the vital worry
of the business and associations are generally worry over overseeing ability at work environment
to expanding the tasks capacity of the business. Business using assorted strategies like rewards,
incentives, compensation, training, paid training, incentives, extra benefits, flexible working and
so on to attract and retain employees. Morrison’s is the chosen organisation for this study, as it is
a fourth widest chain of general store in the United Kingdom and it has its settle is in Bradford,
West Yorkshire, England. The organization was established in the time of 1899 by the likely
endeavors of William Morrison. The potential rationale of executing the study is that managing
talent is the key issue and the analysis will aid value in enhancing knowledge and ability about
the tools and techniques implementing by the business to manage talent at workplace.
Research Aims and objective
Research Aim
The key aim of the research is “To study about the different talent management strategies,
do the best companies use to attract and retain people. A study on Morrison’s”.
Research Objectives
The suitable research objectives that are relay over the current study area of talent
management are associated as under:
 To enhance understanding in relation to the concept of talent management in the context
to business.
 To articulate the talent management strategies implementing by Morrison’s to attract and
retain employees at workplace.
 To analyse the impact of talent management strategies over the performance of business.
 To identify the issues associated with managing talent at workplace.
 To access the suitable measures that can be opt by Morrison’s to mitigating the issue
related with managing talent at workplace.
1

Research Questions
The compelling examination questions that are broadly associated with the point and
destinations of the exploration are characterized as under:
 What is the concept of talent management in the context to business?
 What talent management strategies are implementing by Morrison’s to attract and retain
employees at workplace?
 What is impact of talent management strategies over the performance of business?
 What are the key issues associated with managing talent at workplace?
 What are the suitable measures that can be opt by Morrison’s to mitigating the issue
related with managing talent at workplace?
Project Management Plan
Project management plan is defined as the effective plan and procedure which helps the
project manager to assist the business operations in right manner. The aspects involve in project
management are associated as under:
Scope: The key scope of the project is to identify different talent management strategies that are
effectively implementing by the businesses to attract and retain employees, therefore, the suitable
talent management strategy will aid value for the business in enhancing overall performance with
increasing the operational ability of the business.
Resources: This aspect of project management plan is encompassing over managing resources
like stationary, human resources, cost and so on, that are effective in aiding the project in right
manner.
Quality: This is also an important aspect of project management plan, as in this study, the
assessment of quality is being done via applying the quantitative approach which helps in
rendering the suitable in depth information.
Time: Assessment of time is important to completion of the project activities within provided
time duration, therefore, the suitable time to complete the project is 2 months.
Cost: This is an important aspect to be concern in the manner to assisting the work in right
manner, therefore, in this present study the considered cost is 15 £, which helps in assisting the
work in right manner.
Work Breakdown structure
2

Gantt chart
3

4

Research Methodology
Research methodology mainly characterized as the arrangement and strategy which is
executed to identify, select, process and analyse the information. This section of investigation is
relay over assorted application that are defined as under:
Research Philosophy: Research philosophy mainly refers as the sort of belief over which the
execution of research is based. This section is relay over two aspects positivism and
interpritivism research reasoning. On account of this current investigation, positivism reasoning
has been carrying out by the analyst as it is successful in giving undeniable realities and figures
that are hand-off over the part of talent management.
Research Choice: The choice is relay over two perspectives for example qualitative and
quantitative examination system. In this current investigation, quantitative examination is being
carrying out by the analyst as this is proper in executing point by point analysis that are based on
numerical and statistical aspects.
Data collection: The accumulation of information is relay over primary and secondary aspects.
However, on account of this current examination, both primary and secondary sources are
carrying out by the scientist as the two are compelling in gathering explicit data identified with
ability the executives. Primary examination is viable in social affair direct data through the help
of leading overview where poll has been executing. Then again, secondary sources like books,
diaries, etc are basic in executing literature to support theoretical framework. The sample size
for the execution of primary research is 20 employees of Morrison’s as they are more liable in
providing effective information.
5

Data analysis
The analysis of the information is mainly relay over implementing thematic analysis
approach, where themes are designed over the questions of questionnaire and graphs and charts
are presenting to providing the details of analysis.
Questionnaire
Name:
Age:
Gender:
Email:
Q1) What do you think, suitable implementation of talent management strategies is effective in
attracting and retaining employees at workplace?
Yes
No
Q2) According to you, in what manner managing talent affects the operational and professional
ability of the business?
Positive
Negative
Thematic analysis
Theme 1) The suitable implementation of talent management strategies is effective in attracting
and retaining employees at workplace.
Q1) What do you think, suitable implementation of talent management strategies is
effective in attracting and retaining employees at workplace?
Frequency
Yes 18
No 2
6

Interpretation:
As indicated by the definite investigation of the examination, it has been deciphered that, 18 out
of 20 individuals said that, the suitable implementation of talent management strategy is effective
in attracting and retaining employees at workplace, as they think, businesses need to implement
suitable strategies to increasing retention of talent pool. In addition to this, remaining individual
are not in concern with the same.
7

Theme 2) In different manner managing talent affects the operational and professional ability of
the business.
Q2) According to you, in what manner managing talent affects the operational and
professional ability of the business?
Frequency
Positive 19
Negative 1
Interpretation: According to the nitty gritty examination of the investigation, it has been assessed
that, 19 out of 20 individuals are in worry with the prospect that, managing talent positively
affects the operational and professional ability of the business. Furthermore, an individual is not
in concern with the same.
Recommendations
 As per the examination of the investigation, in light of the part of breaking down the
talent management strategies, do the best organizations use to draw in and hold
individuals, it has been prescribed to the organizations to be worry over overseeing
ability at workplace to increasing the professional ability of the business.
 Business should also concern over providing monetary benefits like incentives, bones,
extra pay and so on and non-monetary benefits like flexible working, rewards,
opportunity and so on to attract and retain employees.
8

Conclusion
According to the investigation of the examination it has been reasoned that, overseeing
ability is the essential perspective for the business as the association and its administration are
generally worry over overseeing ability at working environment to expanding the functional
capacity of the business. Therefore, businesses in each size are widely concern over
implementing effective talent management strategies like rewards and incentives, compensation,
flexible working, effective culture, opportunity and so on, that are effective in attracting and
retaining employees at workplace.
Personal professional review
What was the project supposed to accomplish?
The venture should achieve expanding knowledge and ability in relation to the aspect of the
suitable strategies that are implementing by the businesses to attract and retain employees.
Did the project succeed in its aims?
Yes, the project is successes in its aim as it is providing idea about the effective talent
management strategies with the support of suitable primary and secondary sources that are
effective in providing idea to attracting and retaining employees.
How do you know? Specifically, please outline any evaluation and assessment undertaken.
I know that the project is succeeded in its aims as I have collected all the information from
relevant sources due to which I am able to accomplish this project efficiently and effectively.
What things do you think worked well and why? Evaluate all aspects of the project (e.g. initial
inception, project activities and project outcomes) from a range of perspectives.
The chance of executing an evaluation is a great opportunity for me, as I there are lots of
things going good in the execution of the research as I have gained personal as well as
professional knowledge, that helps me to attempting my future projects in more effective
manner. I have gain knowledge regarding time management, cost assessment, data collection
skills.
The primary step of the project involves the initiation of the aim and objectives and then
producing an effective project management plan which widely concern over scope, resources,
quality, time and so on. After that, a Gantt chart has been designed to aid the work in right
manner. In addition to this, suitable methodologies are analysed to aid the study in right manner
9

and analyse has been conducted to gather suitable information with the support of execution
questionnaire.
What problems emerged during the project and how were they tackled? Was there timely
identification of issues and resolution during the project process?
In the execution of the study, I have faced a lot issue related to time assessment,
communication, authenticity of the information and so on, therefore, these are overcome via
undertaking few initiations. However, for resolving the issue of time, I was worry over planning
a time span in which exercises are referenced with the appropriate opportunity to finish the job.
For resolving the issue of communication, I was concern over managing suitable conversation
with the respondents to gather suitable data. What's more, for settling the boundary of access of
the data, I was executing the appropriate sources like books, diaries, articles, etc, that are
powerful in social occasion reasonable data.
What did you learn from undertaking the project?
I have learnt, personal and professional skills to undertaking the study in future, I had learnt
about the suitable methods that are implementing by the Morrison’s to attract and retain
employee’s.
How would you rate your performance as project manager?
I am preferring to rate myself 9 out of 10 as I had tried my level best to complete the report
in effective manner.
What strengths and weaknesses of your performance did you identify?
My strengths include my communication skills, my focus over the project which helps me to
complete the work in effective manner.
My weaknesses include my time management ability which affects the completion of the venture
inside gave time length..
How will this inform and support your continuous professional development?
This will certainly uphold my expert advancement in light of the fact that, if I am seeking
for further study, then the enhancing time management, data collection ability will help me to
assisting the study in right manner. In addition to this, if I will be seeking for going in HR
management than the talent management strategies will aid value for me to sustaining the
employees at workplace.
10

Your own performance.
My performance was good but I will focus on improving the areas in which I faced
problems.
11

References
Books and Journals
Sutanto, E.M. and Kurniawan, M., 2016. The impact of recruitment, employee retention and
labor relations to employee performance on batik industry in Solo City,
Indonesia. International Journal of Business and Society, 17(2), pp.375-390.
Edmondson, A.C., 2018. The fearless organization: Creating psychological safety in the
workplace for learning, innovation, and growth. John Wiley & Sons.
Boon, C., Eckardt, R., Lepak, D.P. and Boselie, P., 2018. Integrating strategic human capital and
strategic human resource management. The International Journal of Human Resource
Management, 29(1), pp.34-67.
Day, G.S., 2011. Closing the marketing capabilities gap. Journal of marketing, 75(4), pp.183-
195.
Espinoza, C. and Ukleja, M., 2016. Managing the millennials: Discover the core competencies
for managing today's workforce. John Wiley & Sons.
Hickman, C.R. and Silva, M.A., 2018. Creating excellence: Managing corporate culture,
strategy, and change in the new age. Routledge.
12

Appendix:
Power point presentation
13

14

15

16

17

Interpretation: According to the detailed analysis of the study, it has been interpreted that, 18 out
of 20 people said that, the suitable implementation of talent management strategy is effective in
attracting and retaining employees at workplace, as they think, businesses need to implement
suitable strategies to increasing retention of talent pool. In addition to this, remaining individual
are not in concern with the same.
18

Interpretation: As per the detailed analysis of the study, it has been evaluated that, 19 out of 20
people are in concern with the thought that, managing talent positively affects the operational
and professional ability of the business. Furthermore, an individual is not in concern with the
same.
19

20

21

22