Managing Successful Business Project: Talent Strategies at Tesco

This report analyzes talent management strategies adopted by Tesco to attract and retain employees. The project evaluates the importance of talent management in HRM, analyzes various strategies used by the organization, and identifies challenges in their implementation. Research questions focus on the significance of talent management, strategies employed, and challenges faced. The project scope includes defining activities to enhance employee engagement and talent management. Milestones are set to track progress, and a Gantt chart visualizes the project timeline. Thematic analysis of survey responses reveals insights into the priorities, HR practices, training frequency, and retention strategies at Tesco. The literature review highlights the importance of talent management in HRM, various talent management strategies used by organizations, and challenges faced during implementation. The report concludes with findings and recommendations for improving talent management practices at Tesco, emphasizing the need for equal opportunities, proper job placement, and strategies to ease the work process for both employees and the organization. The reflection section highlights the learning experience, including data collection, time management, and business growth evaluation.

Unit 6 – Managing Successful
Business Project
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Table of contents
INTRODUCTION...........................................................................................................................3
REFERENCES..............................................................................................................................13
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INTRODUCTION
Aim –To analyze talent strategies that can be adopted to attract and retain people of Tesco
Deliverables –The project will deliver the objectives which will be framed and will also include
the Gantt chart, there will be themes with the graph interpretation along with the project
concluded by graph along with the present findings and recommendations.
Time – The time taken for this project to be completed will be 2 – 3 months (Delisle, 2020).
Quality –The quality of the project depends upon how effectively and in appropriate manner all
the steps of the project are being delivered. This also helps in making the aims and objectives
which are known at larger scale.
Communication –The communication process is being done through the framing of
questionnaire and this helps in engaging the participants by communicating with them for their
perspective regarding the project.
Risk – There can be risk while making this project as the information and the data gathered may
not be sufficient or appropriate for the findings, data for the project planning can be copied for
some other sources (Galli, 2017).
Resources –The resources which are required for the project are MSBP tools for preparing the
Gantt chart and this will help in knowing all the aspects through the development of project.
These are the resources which will help in making the project more informed and significant.
Objectives –
 To evaluate importance of talent management in HRM for company.
 To analyse various talent management strategies used by organizations.
 To identify challenges faced by the company in implementation of talent management
strategies (Muli, 2019).
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 To recommend appropriate talent management strategies that can be adopted by
organization’s for attracting and retaining people within Tesco.
Research Question –
 What is the importance of talent management in HRM for company?
 What are the various talent management strategies used by the organization?
 What are the challenges that are faced by the company in implementation of the
strategies?
Step 1 -
Scope –Activities and tasks that are defined in the project in order to make the project a success
helps in knowing that the scale through which all the perspectives of how to retain and attract
people in the Tesco are way towards the employee engagement and this process helps in making
and gaining the scale through which the talent management is also processed in the company and
this helps in initiating how the people are trained and developed for their positions in the
company at right place at right positions (Fry and et.al., 2019).The main aspect in which all
factors in which the project is being conducted is known at higher scale and this helps in
initiating basis through which all the things are being taken into consideration to be processed
significantly. Scope of the project will help in delivering basis through which how to attract and
retain people in Tesco will be analyzed and this helps in making and framing scales through
which project is being expanded and described at large scale. For making further information to
be made available the project is made and prepared to be made significant for research.
Milestones –Milestones or major events are framed in the process of knowing that how the scale
is measured through which all the events takes place. This helps in framing the basis through
which all the aspects of the report are in consideration with how long the project is made and
how much successful it has been for the rest of the process. The milestones are being set to
analyze that how the talent strategies are being adopted by the company Tesco to attract and
retain the people.The events which takes place and the research which is done in this manner is
known how effectively and in exact manner the efficiency of the project is being taken into
consideration. The milestones are being set as per the aims and objectives which are being set
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and this helps in making and framing basis through which all possible aspects are known at large
scale and in effective manner. When the milestones are achieved which is through the aspects
through which all factors are fulfilled then the project reaches the stage of being successfully
fulfilling the main stages of projects.
Gantt Chart –
Task Name Duration Start Finish Predecessors
Initiation 17 days Mon 01-07-19 Tue 23-07-19
Aims and objectives 10 days Mon 01-07-19 Fri 12-07-19
Proposal 7 days Mon 15-07-19 Tue 23-07-19 2
Planning 42 days Tue 23-07-19 Wed 18-09-19
Evaluate sources 8 days Wed 24-07-19 Fri 02-08-19 3
Research methods 9 days Mon 05-08-19 Thu 15-08-19 5
Data collection 25 days Fri 16-08-19 Thu 19-09-19 6
Implementing 21 days Thu 19-09-19 Thu 17-10-19
Data analysis 10 days Fri 20-09-19 Thu 03-10-19 7
Monitoring 21 days Fri 18-10-19 Fri 15-11-19
Reviewing project 9 days Mon 21-10-19 Thu 31-10-19 11
Measure success 12 days Fri 01-11-19 Mon 18-11-19 13
Closure 10 days Fri 15-11-19 Thu 28-11-19
concluding findings 10 days Tue 19-11-19 Mon 02-12-19 14
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Work Breakdown Structure (WBS) –
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Step 2
Theme 1
Question 1: Are talent management strategies top priorities in Tesco?
Options Frequency
Yes 8
No 2
Total 10
Yes No Total
0
2
4
6
8
10
12
Frequency
Frequency
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Interpretation –From the above paragraph it has been interpreted that 8 out of 10 people think
that talent management strategies are the top priorities in Tesco. Talent management strategies
are important for the company to attract and retain the people or employees for which strategies
play major role. But on the contrary, 2 out of 10 people think that talent management strategies
are not that important for the company. From the above analysis, it is interpreted that talent
management strategies should be framed for knowing the processes of the company effectively
and efficiently at significant scales.
Theme 2
Question 2: Does HR management of Tesco frames strategies that encourage development and
growth opportunities?
Options Frequency
Yes 7
No 3
Total 10
Yes No Total
0
2
4
6
8
10
12
Frequency
Frequency
Interpretation –It is interpreted from the above paragraph that 7 out of 10 people think that the
HR management of the Tesco frames strategies that encourage development and growth
opportunities which helps the employees or people in providing effective performances at their
job roles. But on the contrary, there are 3 out of 10 people who think that HR management of
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Tesco fails to deliver effective strategies to the employees. Therefore, the HR management
strategies encourage development and growth opportunities.
Theme 3
Question 3: How frequently the training and development activities are conducted in Tesco?
Options Frequency
Yearly 2
Monthly 4
Quarterly 3
Days 1
Total 10
Yearly Monthly Quarterly Days Total
0
2
4
6
8
10
12
Frequency
Frequency
Interpretation –From the above interpretation, it is identified that 4 out of 10 people think that
training and development activities are monthly conducted in Tesco. 2 out of 10 people think that
development and training activities are conducted yearly in Tesco. 3 out of 10 people think that
the development and training activities are conducted quarterly in Tesco. And 1 out of 10 people
think that training and development activities are conducted on days in Tesco.
Theme 4
Question 4: Are retention strategies implemented significantly within organization?
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Options Frequency
Yes 5
No 5
Total 10
Yes No Total
0
2
4
6
8
10
12
Frequency
Frequency
Interpretation –From the above interpretation, it is analyzed that 5 out of 10 people think that
the retention strategies are implemented significantly within Tesco. Whereas, the other 5 out of
10 people think that the retention strategies are not implemented significantly with Tesco and
this brings the scale to be equal on both yes and no factors. The retention strategies are framed
for knowing what is to be done for the process of retaining the employees at large scale.
Literature Review –
Importance of Talent Management in HRM of Company
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According to Mupepi and et.al., (2017), Talent management is the process which helps in
recruiting and selecting the talented individuals for the job role. It helps in engaging the
employees, motivate them through their skills and work for the company’s goals to be achieved.
Various Talent Management Strategies used by Organizations
As per Borisova and et.al., (2017), Various talent management strategies are –
 Tracking and measuring of performance of the employees.
 Providing the path for career development.
 Rewarding and recognizing the top performers.
 Identifying employee training tools.
Challenges Faced by the Company in Implementation of Talent Management Strategies
As viewed by Tafti and et.al., (2017), The challenges which are faced by company in
implementation of Talent Management Strategies are as follows –
 Identifying the potential growth in the employees within organization.
 Collecting the teams for tasks and activities to be performed.
 Providing training needs.
 Identifying the internal individuals for the job role.
 Performance to be boosted of employees.
Step 3
Present Findings –It is analyzed and found that the project was framed under the thematic
analysis which helped in framing the qualitative aspect based on which the talent management
strategies topic for Tesco was being framed and analyzed and identified at large scale. This also
helped in evaluating the base through which all the objectives and aims were being framed for
analysis and evaluation through the findings at large scale.
Recommendations – There are some of the recommendations which should be considered as
follows –
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 Talent management strategies should be implemented effectively in such manner that all
employees get equal opportunity for the different types of job roles.
 Tesco should ensure that the employees are rightly placed at their respective jobs
(Johennesse and et.al., 2017).
 The company should incur strategies which should help in making and framing the
process much easier for employees and organizations in their work.
CONCLUSION
Thus, it is analyzed from the above research that talent management strategies are adopted
too attract and retain people of Tesco and this helped in framing the research with objectives and
scope. Along with this, Gantt chart was being prepared and themes were framed with graphs.
Present findings along with recommendations were given.
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