Strategic Approach to Talent Management: Tesco Project Report (Unit 6)

This project report evaluates the importance of talent management for Tesco plc, a multinational retailer. The project aims to determine the best strategic approaches for attracting and retaining talented employees. It includes a detailed project plan, outlining aims, objectives, and a project management plan covering cost, quality, time, resources, and risk. A work breakdown structure and Gantt chart are designed for efficient project execution. The research employs both primary and secondary data collection methods. Findings are presented with appropriate tools and techniques, leading to recommendations. The report concludes with a reflection on the project's value and the student's learning outcomes, along with appendices including a performance review template. The project focuses on identifying effective talent management strategies for Tesco, including Google's approach and other relevant methods.

Unit 6 – Managing a
Successful Business
Project

Table of Contents
Research Topic: Consideration of strategic Approach for better Talent Management..................1
Introduction......................................................................................................................................1
Part 1: Project Plan and Execution...................................................................................................1
LO1..................................................................................................................................................1
P1) Project aims and objectives based on given scenario......................................................1
P2) Development of a project management plan...................................................................3
P3) Design of a work breakdown structure and a Gantt Chart which are providing timeframes
and stages for completion.......................................................................................................5
LO 2.................................................................................................................................................7
P4) Undertaking a small-scale research by applying primary and secondary methods.........7
Part 2: Project Report and Reflection............................................................................................10
LO3................................................................................................................................................10
P5) Presentation of research findings and data through appropriate tools and techniques. .10
P6) Communication of appropriate recommendations based on result of findings and data
analysis.................................................................................................................................18
LO4................................................................................................................................................19
P7 Reflection on the value of undertaking the project along with own learning and
performance..........................................................................................................................19
CONCLUSION..............................................................................................................................20
REFERENCES..............................................................................................................................20
APPENDIX I.................................................................................................................................23
APPENDIX II................................................................................................................................25

Template for Performance Review to be attached with the report by the learner:........................25

Research Topic: Consideration of strategic Approach for better Talent
Management.
Introduction
Talent management is a vital concept for every organisation that helps a business orgnisation
to recruit, hire and retain most talented and best employees who have efficient skills in the field
of their work. Thus, many strategic approaches are adopted and implemented by a business
organisation to set out better talent management (Ardyanfitri and Wahyuningtyas, 2018). The
current project is based on Tesco plc which is a well known multinational retailer and provider of
groceries and general merchandise with main headquarter situated in the Welwyn Garden City,
Hertfordshire, England, United Kingdom. The current project consists of determination of aim
and objectives based on the theme of talent management along with providing a detailed and
effective project management plan with the purpose of meeting set objectives through
emphasising on the cost, quality, time, scope and other vital aspects of a project. Apart from this,
use of Gantt chart and Work breakdown structure are also made for setting better time frames
and stages of completion for current project. Beside this, a small scale research us also
undertaken and conducted through making use of secondary and primary form of data to meet
and accomplish set objectives. At last, proper presentation and analysis of research findings are
also provided to reach and form a valid conclusion and viable set of recommendation along with
providing a reflection in the value and own learning undertaken while performing current
investigation.
Part 1: Project Plan and Execution
LO1
P1) Project aims and objectives based on given scenario
In present business environment the concept of talent management is taken as strategic
priority and essential for all organisation as it is an integral origin that facilitates and ensures
better recruiting and hiring of talented employees along with retaining current skilled employees
for a longer time span which is vital for better achievement of organisational goals (Baharin and
Hanafi, 2018). Further, it has been analysed that the talent management strategies and
approaches are viable to meet current and future needs of an organisation through leading a
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pathway and efficient programmes for better growth of talents along with setting an effective
ordination with HR practises to promote and sustain better talent development at workplace
which enhance thee overall efficiency and performance level of a company.
The organisation on which current assignment is based is Tesco Plc which is among the
one of the largest retailer of UK that is providing a number of products to its customers
comprising of Food, Beverages, Bakery products, Frozen food, Technology and gaming products
along with Home electrical products and car products, with all other Sports and leisure products,
Party and gift products, Entertainment and books, Health and beauty products along with
Clothing and jewellery. Tesco is a multinational company the main headquarter of which is
located at Welwyn Garden City, Hertfordshire, England, United Kingdom along with various
branches in many Europe and Asian countries (Buttrick, 2018). Thus, it has become more vital
and essential for Tesco plc to focus on management of its large workforces and huge number of
employees who belonging to different background and perspective. Many organisation are there,
Like Google company which had achieved much better results and advantages through
implementing and adopting effective strategies for Talent management which are reflecting that
a positive influence is lead by strategic talent management approach in success and betterment of
a firm. The approach and strategic way adopted by Google comprises of forming of a different
HR governance to monitor and check the recruiting and hiring of talented employees. Further,
implication of effective communication and proper training and development session is also
made by Google commonly as strategic approach to talent management (5 Strategic Approaches
to Talent Management in The Workplace, 2020). Thus, an analysis can be made that Tesco
company is also needed to develop and adopt some effective talent management strategies and
approaches for better management of its employees to have positive influence on its success and
betterment. Therefore, Tesco plc is selected for current project which is having following below
stated aim and objectives:
Aim
The selected aim for current project is, “To evaluate about the importance of talent
management concept for a firm along with determining about best strategic approach for talent
management to attract and retain talented employees”. An investigation on Tesco Plc.
Objectives
 To analysis about the talent management concept along with its importance within a firm.
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 To determine the influence of strategic approach for talent management on the overall
success and performance of a company.
 To indentify the some best ways and strategies for talent management that can be applied
by Tesco plc for attracting and retaining its talented employees.
Question Tag
 What do you understand by the talent management concept along with its importance
within a firm?
 Does any influence is lead by strategic approach for talent management on the overall
success and performance of a company?
 Which can be the best ways and strategies for talent management that can be applied by
Tesco plc for attracting and retaining its talented employees?
P2) Development of a project management plan
It mainly represent a written document that is taken as a formal report which comprises all
the required information about the key aspects of a research project. Thus, use of project
management plan has been made by a researcher or manager to ensure and lead to a better
planning and organisation of project (Christian, 2019). The main factors and aspects of project
management plan with respect to current project on Tesco plc are outlined and discussed as
below:
Cost- Total expenses and cost incurred for a research project is presented by the this factor
of project management plan. It is essential to make certain expenses for conducting a research,
the main cost and expenses incurred while leading out current investigation are provided with the
help of following forecasted budget.
Forecasted Budget
Bifurcation of cost Amount
Promotional Expenses £100
Transportation cost £70
Expense on technology £120
Other expected Expenses £ 50
Total Cost £ 340
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Quality- This aspect of project management plan is related with the overall authenticity
and reliability of data which is based on the authentication and viability of sources of data
collection. Therefore, to maintain an efficient quality of current research project, implication and
use of most appropriate set of methods of research is made for collection and analysis of data.
Apart from thus, authentic sources of primary and secondary origin of data are made to ensure
latest and most reliable and valid form of information to maintain high quality level of current
project (Doyle, 2019).
Time- This aspect of project management report basically represent the expected time
frames and duration required for undertaking and completing a research project thus associated
with its efficiency. With respect to current investigation, an expected time period of 3-4 months
is required to efficiently and pro[early accomplish and lead out all activities of current project.
Resource- It provides information about the various forms of assets and resources that are
used by a researcher while conducting a project. A larger number of assets are applied for current
research work that consist of financial resources to met the cost and expenses (Fang, 2019).
Furthers, human resource are also involved in form of team member and research participants.
Beside this, use of some technical set of resources like internet, mobile, computer, etc are also
made.
Risk- This factor mainly represent the main obstacles and barrier faced while performing
any task or activity of research project. As regard to current investigation the main issues and
risk that were encountered comprises of insufficient time and lack of resources that has reduce
and affected the efficiency and success level of current project.
Communication- This forms the most vital and crucial part of a project management report
which emphasis on the way and methods adopted for the sharing and collection of data. In
accordance with current investigation, implication of online modes of communication had been
made for sharing and gathering of information which consist of use of social media and e-mails.
Further, proper formal as well informal channels of communication are adopted to ensure
effective communication among team members to overcome the chances of any kind of chaos
and confusion in current research project (Gechman, 2019).
Scope- A wide range of scope is associated with current research project as it facilitates
viable information reading the concept of talent management along with the its importance in
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success of firm. Apart from this, a study about the best strategic approach for talent management
is also provided by current investigation that enhance its scope and future importance for
organisation to attract and retain talented employees (Yadav and Morya, 2019).
P3) Design of a work breakdown structure and a Gantt Chart which are providing timeframes
and stages for completion
Work breakdown structure
Use of below stated work break down structure is made for current project on Tesco as it
remove the chances of confusion and chaos among teams through properly defining the role and
responsibilities of each individual thus, also facilitates more optimum use of research assets and
resources (Gehrels, 2019).
Gantt chart
It represent a time management and statistical tool which is used to bring clarity and
transparency in research work through systematically presenting all the research work in a proper
sequence with their respective timeframes (Kim and Koo, 2017). Therefore, below stated Gantt
chart is used for current investigation to avoid overlapping of work and ensures timely
achievement of objective through meeting various stages of completion and timeframes of all
activities and task.
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LO 2
P4) Undertaking a small-scale research by applying primary and secondary methods
This section of project provides information about the various forms and types of resrch
methods that are applied by an investigator to execute and perform a study in a better way. A
description about the main researcher method that has been used for current research project has
been provided below along with a justification for their selection for performing current study.
Types of research method
Basically there are two common types of research method consists of qualitative and
quantitative form of investigation. Among these two types, the qualitative nature of method is
mainly considered more time consuming and complex as it consists of collection of data in in-
depth and detailed form that is more time consuming as well as complex for an investigator (Neri
and Wilkins, 2019). Therefore, use of quantitative nature of research method seemed more
suitable and viable for current project. Selection of quantitative nature of research method is
based on the justification as it tend to collect data and information in numeric terms that ensures
and leads to a more measurable and specific form of conclusion which enhance viability and
authenticity of result.
Data collection sources
Mainly data could be collected from two sources i.e. primary and secondary sources that
are taken as origin of data. With respect to current study on Tesco implication and use of both
primary and secondary sources of data collection are made as primary source ensures first hand
and latest set of information where as secondary sources leads to better support and base for
investigation through help of past facts and records (Pauli, 2018). Further, questionnaire is used
as research instrument for collection of primary data where as secondary information is gathered
from online article and journals.
Sample Method
Use of sampling method is made for optimum use of resources along with leading
timely completion of project through selection of a significant number of observation from a
large number of population (Presbitero, 2017). In accordance with the current small scale
research, a significant number of 25 participants had been selected from the employees of Tesco
Plc for current project. Use of random sampling method has been made for selection of
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respondents from employees of Tesco as it mitigate the chances of favouritism during selection
and enhance the viability and authenticity of research work
Use of below stated questionnaire is made for collection of data from selected 25
participants from employees of Tesco. Questionnaire mainly represent a written document used
for collection of data which consists of a set of questions to evaluate the opinion of selected
respondents in more effective and better way (Zientara and Zamojska, 2018).
Questionnaire
Q1) Dose any kind of information and understanding is posed by you on the topic of talent
management concept along with its importance within a firm?
a) No
b) Yes
c) Average level of information
Q2) What implication does you having about the main benefits and advantage of talent
management concept within an organisation?
a) Attract top talent
b) Retain skilled and talented employees
c) Enhanced competitive strength
d) Better motivation level in employees
Q3) As per your view point, is adoption of strategic approach for talent management would
improve and lead to enhanced services level and performance of Tesco Plc?
a) Strongly disagreed
b) Disagreed
c) Neither agreed nor disagreed
d) Agreed
e) Strongly agreed
Q4) What could be the main challenges that would be faced by Tesco plc while managing
and leading out talent management strategies at its workplace?
a) Inefficacious leadership
b) Complex needs of employees
c) Higher employee expectation
d) Ineffective recruiting and hiring techniques
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Q5) What implication due you having regarding the role lead out by HRM and other
mangers and leaders of Tesco plc is managing talent at its place of work?
a) Negative role
b) Positive Role
c) No role
Q6) Is it has become vital and highly necessary for Tesco plc to come up with some new and
better strategic approach to ensure talent management and employees development at its
workplace?
a) Agreed
b) Disagreed
c) Neutral
Q7) What strategies can be adopted by Tesco plc to attract and retain talented employees
at its workplace?
a) Adoption of Smart Hiring Practises
b) Fair growth opportunity
c) Maintain positive work environment
Q8) Which can be the best ways and strategies that can be applied by Tesco plc for
effective talent management and development of its employees?
a) Effective communication
b) Regular training and learning programmes
c) Performance based incentives and perks
d) Adoption of participative management
Q9) As per your view point, Does any kind of positive or optimistic influence is lead by
strategic approach for talent management on the overall success and performance of Tesco
plc?
a) Yes
b) No
c) Neutral view point
Q10) Any other suggestion for Tesco plc to have effective management of taken in order to
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