Unit 6: Business Project - Analyzing Talent Management at TESCO

This report, focused on talent management within TESCO, presents a comprehensive analysis of the subject. The introduction defines talent management and its importance for organizational success, setting the stage for an examination of project aims, objectives, and research questions. The report then delves into a literature review, exploring the concept of talent management, challenges faced by organizations, and effective strategies, specifically in the context of TESCO. A detailed project management plan is outlined, including cost estimations, scope definition, and considerations of quality, communication, and risk. The project utilizes a Work Breakdown Structure (WBS) and Gantt chart for effective task management. Primary and secondary research methods are employed to gather data, including quantitative and qualitative approaches, with a focus on a survey questionnaire. The data interpretation section analyzes survey responses, highlighting key themes and findings. Finally, the report offers recommendations based on the research findings, concluding with a reflection on the project and its implications. This report aims to provide insights into effective talent management practices within a leading multinational organization.

Unit 6 - Managing a
Successful Business Project

Table of Contents
INTRODUCTION...........................................................................................................................1
LO1..................................................................................................................................................1
P1 Aim and objectives................................................................................................................1
Literature Review.............................................................................................................................2
P2 Project Management Plan......................................................................................................3
P3 WBS and Gantt chart ...........................................................................................................4
LO2..................................................................................................................................................6
P4 Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives...........................................................................................6
LO3..................................................................................................................................................8
P5 Data Interpretation.................................................................................................................8
P6 Recommendations ...............................................................................................................11
LO4................................................................................................................................................11
P7 Reflection ............................................................................................................................11
CONCLUSION .............................................................................................................................12

Title: Talent management in an organisation.
INTRODUCTION
Talent management is defined as a practice in which organisation undertake methodical
organized process to manage talent within an organisation in a strategical and systematic manner.
Main aim behind this to hire talented candidates and retain experienced employees for long term
sustainability growth and more competitive advancements (ALPARSLAN and SANER, 2020).
Talent management acts as an essential aspect for all the organisations irrespective of its size and
scope in order to ensure more competitive advancements compared to other rivals in respective
industry.
Present report is being made on TESCO, a leading multinational organisation operating
its business services in retail industry. In this report formative discussions has been made on
project aim, objectives along with project management plan, reflection and recommendations.
LO1
P1 Aim and objectives
Research Aim:
“ To study the importance of talent management strategies in success of an
organisation”. A case study of TESCO.
Research Objectives:
To determine the concept of talent management.
To evaluate different challenges that an organisation can face in talent management.
To examine strategies through which Primark can conduct talent management effectively.
Research Questions:
What is the concept of talent management?
What are the different challenges that an organisation can face in talent management?
What are the different strategies through which Primark can conduct talent management
effectively?
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Literature Review
Concept of talent management
According to the view point of Liu, Qingqing and Liu, 2020, talent management is
termed as a process in which an organisation attract employees in a systematic and attractive
manner in order to retain highly skilled, talented and potential employees for long period of time.
This process allows entity to ensure continuous growth along with more competitive
advancements comparatively to other competitors in respective industry. Talent management
proves to be an effective process through which entity can successfully drive creative thinking,
innovation and productivity in organisation workplace structure through which entity can assure
more growth and development. Thus, according to the above mentioned analysis it has been
evaluated that talent management is one of the most important process that allows an
organisation to ensure various types of benefits in terms of higher profitability, long term growth,
maximised profitability, more competitive advancements and more
Different challenges that an organisation can face in talent management
As per the perception of Ibrahim and AlOmari, 2020 it has been evaluated that an entity
can face different forms of challenges in the process of talent management that can lower down
its end result. This has been underlined that major challenge which is affecting talent
management of an organisation is development of culture of engagement. This challenge states
that an entity can find issues or challenges in building cooperation and trust between employees
and senior management. Furthermore, it has been evaluated that organisation can also face
challenges in terms of offering effective form of training and development courses to employees
that can affect entity operations of talent management. Thus, according to the above mentioned
analysis it has been evaluated that these are some of the certain challenges that can affect talent
management process of an entity that can further lead entity towards decrease in performance
level of both organisation and employees, reduction in rate of competitive value, lower
productivity and more.
Different strategies through which Primark can conduct talent management effectively
As per the view point of Wassell and Bouchard, 2020 it has been determined that talent
management in one of the most important process that will lead an organisation to ensure long
term sustainability, higher growth, more profitability and more. However, entity can face
different types of challenges that can have negative impact upon company talent management
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process. In order to overcome these challenges there are some certain form of strategies that can
be undertaken by organisation in order to increase effectiveness of their talent management
process. In terms with TESCO it has been evaluated that company by treating employees as a
valuable asset can manage human resources in an effective manner. This will significantly
increase sense of belongingness among employees towards company that will encourage them to
perform their task with more hard work and in effective manner. In addition to this, it has been
underlined that entity by offering proper training and development courses to employees can also
make them adaptive towards changes by increasing their skills and potential in efficient manner.
Furthermore, company can also undertake advantage of strategies related to providing attracting
rewards and compensation to employees through which they can be provided with higher job
satisfaction.
P2 Project Management Plan
Project management plan is termed as a systematic document that include various
elements by emphasising upon project deliverables, objectives, budget and timeline. This plan
with facilitate researcher to conduct research in more effective manner.
Cost :- This is an estimated cost that are required to be invested in project as to
accomplish all project activities in an effective manner (Mohammed, Baig and Gururajan, 2020).
In order to conduct present project estimated cost of £1500 is required.
Scope :- It involves factors that are basically related to project tasks, deliverables, costs
and deliverables. It has been evaluated that this project is made upon the theme of talent
management which is having wide scope for company growth and development.
Quality :- This factor plays most important roles, in order to duly maintain present
project quality researcher will make sure that project will get accomplished with higher quality
standards.
Communication:- Effective communication process will lead towards ensuring
accomplishment of project objectives in time effective manner. Researcher will take advantage
of email, telephone, social media and more to fulfil present project requirements.
Risk: It is a key element which is required to be effectively consider by researcher in
order to make sure that research will not get affected due to unnecessary elements. It is essential
for researcher to identify various risks such as availability of funds, informations form
authenticated sources and more in order to fulfil research objectives with higher efficiency.
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Time:
Present research is conducted on the aim of importance of talent management in an
organisational workplace structure. In order to accomplish present research objectives, researcher
undertaken use of WBS as to fulfil all the objectives in time effective manner.
Resources:
In order to accomplish research aim and objectives researcher have undertaken use of
different sources to collect data in order to enhance effectiveness of research in a well define and
effective manner.
P3 WBS and Gantt chart
Work Break down structure:
WBS is a hierarchical structure that plays most important role in managing project
deliverables in a systematic manner in estimated time period (Altememi and Almashhadain,
2020). This approach will aid researcher to break down project activities into smaller
components and fulfil them in a well define and manageable manner. In addition to this, it has
been evaluated that with the help of WBS researcher can effectively perform their operations
while identifying potential risk on prior basis.
Gantt chart:
It is a systematic chart that involves series of horizontal line that depicts the amount of
work done in estimated time period. With the assistance of this structure researcher can facilitate
themselves to reduce the load of work and accomplish all the activities in an effective manner. It
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is basically a graphical representation through which complex activities can be divided into
manageable tasks.
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LO2
P4 Carry out small-scale research applying primary and secondary methods appropriate for
meeting project aims and objectives
Primary research- It is a form of research approach in which research collect
informations and data from first sources on direct basis (Yogalakshmi and Supriya, 2020). In this
sources of informations include online surveys, observations, interviews and more that requires
more cost and time. It is characterized as those sources through which data is straightforwardly
gathered from the agent absolute first time which isn't yet been gathered by some other
individual previously. This is consider to be unique information and stay a lot of explicit to the
issue over which the examination is depend. Subsequently it give most precise information
which is thoroughly centers over the point of examination
Secondary research- In this research methodology information and data that has been
collected by researcher is from sources like articles, published reports, journals, books,
government publications and more that required less time and cost. Furthermore, it is termed as
as a data which is gathered by the some someone else past for leading their investigation which
is utilized by researcher to create understanding about momentum research subject.
To accomplish present research activities researcher will undertake advantage of both
primary and secondary sources of data collection.
Quantitative research- This research methodology is inclusive of those data which is
mainly stated in numerical and statistical form. In this research can take advantage of
observations, interviews or surveys.
Qualitative research- In this collected data is in the form of non-numerical manner which
is being collected for the purpose having proper understanding of opinions, experiences and
concepts (Mejri and Doghan, 2020). In this researcher can take advantage of literature review,
open ended questions and more.
As to accomplish present research objectives researcher will imply qualitative method in
order to evaluate customers attitude and preferences.
Sampling: It is characterized as the technique for choosing gathering of individuals for get-
together data in such a way that it speaks to entire populace. the testing cycle is principally done
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by either utilizing probability or non-probability inspecting as pee the state of examination. For
current report the probability sampling method will be utilized which help in determining
possibility of any sort of inclination conduct from agent in term of choosing respondents as they
are chosen on irregular premise. For current examination the respondents are chosen on arbitrary
premise under likelihood testing strategy where the example size is 30.
Questionnaire : It include certain form of questions that are subjected to be ask from
selected responded in order to conduct research by emphasising upon their perceptions and
values, as to accomplish present research objectives 30 respondents is being undertaken.
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Questionnaire
Q1)Do you have understanding of talent management concept in
workplace?
Frequency
a) Yes 20
b) No 10
Q2) Do you think, talent management will benefit company in terms of
higher productivity?
Frequency
a) Agree 25
b) Disagree 5
Q3) According to you what is the major benefit of talent management for
an organisation?
Frequency
a) Employee Development 10
b) Improved Employee Experience 10
c) Increase Employee and Manager Engagement 10
Q4) According to you what is the best strategy for talent management? Frequency
a) Reward and recognition 20
b) Opportunities for continuous improvement 10
Q5)What are that major challenge that TESCO can face in talent
management?
Frequency
a) Performance assessment 18
b) Compensation 6
c) Training and Development 6
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