Managing a Successful Business Project: Tesco Talent Management Report

This report provides a comprehensive analysis of talent management strategies employed by Tesco, a multinational retail company. The report begins with an introduction to talent management, its objectives, and its importance in business growth. It outlines the project's aims and objectives, focusing on evaluating Tesco's strategies for motivating and retaining employees. The main body includes a project management plan detailing costs, scope, time, quality, communication, risk, and resources. A work breakdown structure and Gantt chart are utilized to manage the project timeline. The research methodology involves primary and secondary methods, along with qualitative and quantitative approaches, including a questionnaire. The report presents data interpretation, findings, recommendations, and a reflection on the research process. The conclusion summarizes the key insights and findings regarding Tesco's talent management practices.

Managing a Successful
Business Project

Table of Contents
Introduction .....................................................................................................................................3
Main body........................................................................................................................................3
Project aims and objectives ...................................................................................................3
Project Management Plan.......................................................................................................4
Work breakdown structure and Gantt Chart...........................................................................5
Gantt Chart.............................................................................................................................6
Small-scale research methodology for meeting aims and objectives of the project...............7
Data interpretation and findings ....................................................................................................11
Recommendations ...............................................................................................................13
Reflection.............................................................................................................................13
Conclusion ....................................................................................................................................14
References......................................................................................................................................14

Introduction
Talent management is a concept which helps in improving the performance of the
business so that goals of the business can be achieved effectively it helps increasing the profit of
the business by retaining the employees in the organisation. Talent management also helps in
motivating the employees performance of the employees gets enhanced and growth chances in
the business also gets developed it also helps in career development of the employees. The main
objective of talent management is to recruit, identify and retain the people who help in the
growth of the organisation so that long term survival of the business can take place. Performance
of the business depends on the performance of the employees. There are various strategies which
are planned by the organisation to motivate and retain its employees in the organisation so that
better services can be provided to the customers and revenue of the business can also get
increased. In this report Tesco is chosen for the research on talent management this report
involves project objectives and aims, work breakdown structure, Gantt chart, methodology of
research, reflection and recommendation. Since the 1990s Tesco has expanded its business
across the world due to which overall revenue of the business has also increased. Tesco deals in
various areas such as clothing, books, toys, furniture, software, petrol, internet and telecoms
services. Tesco is considered among the top retailer companies in the world due to high demand
in the market (Mohammed, 2018).
Main body
Project aims and objectives
Overview of the Business
Tesco is the multinational retail company in UK which provides wide variety of retail
items to the customers which helps in the satisfying the needs and requirement of the customers.
Tesco was founded by Jack Cohen in 1919 and its Headquarters in Welwyn garden city,
England, UK
Aim of the Research
To Analyse various strategies used by Tesco for motivating and retaining its employees
in organisation so that growth of the business can take place.
Research Objectives
 To evaluating the needs of talent management in the organisation.

 To determining the importance of motivating and retaining the employees in the
organisation.
 To analysing the various strategies used by Tesco.
Research Questions
 why talent management is used in the organisation?
 Why is it important to retain employee in the organisation?
 Identify various talent management strategies used by Tesco?
Project Management Plan
It is a formal Document which identifies how the assigned project will be carried out In
helps in executing and controlling the project so that best result can be provided. It helps in
keeping the project on the track by outlining the goals, scope, timeline, budget, deliverables of
the assigned project It analyses all the necessary information which helps in completing the
project on time. The provided information is discussed with the stakeholders so that best decision
can be taken. Project management plan helps in assigning the task and roles to the team members
who are involved in the completion of the project. It helps in providing proper management in so
that best outcome can take place. Various elements of project management plan is given below:
Cost: It is basically the amount which organisation has to utilise while completing the assigned
project. For the completion of the project. Organisation has to invest £700 for the collection of
data with the primary research. For the collection of data through the secondary research
company has to invest around £200 more. It is important for the organisation to plan their
investment in advance so that project can be executed effectively. Planning of the cost is very
important for proper completion of the project (Kane, 2017).
Scope: It helps in analysing related aspects of the project like task , goals , functions,
deliverables. This research is based on talent management which will help the organisation in
observing the importance of talent management in the business so that growth of the business
can take place.
Time: It refers to the time which is taken by the organisation for the completion of the project.
For completing the project at the assigned time period it is important for the organisation to
decide the time frame for each step in advance. With the helps of work breakdown structure and
Gantt chart time frame of this project has been decided. As per analyses researcher has taken the
time-frame of 5 week for the accomplishment of the research they are also expecting extra

7week to implement and design the strategies which will be based on the recommendation and
outcome of the report.
Quality: It plays an important role in collection of information and data because the data which
will be collected for the project completion should be from the certified sources so that best
quality of outcome can take place. Organisation should maintain information and sources private
so that quality can be maintained.
Communication: It helps in providing the information and data to all the stakeholders with are
involved in the research. So that better decision can take place related to the research It involves
communication channel and can be both ways – oral and written. In this research both oral as
well as written communication has been used. Retaining the employees of the organisation is the
function of the human resource of the organisation and it is responsibility of the senior managers
to develop the strategies so that goals of the business can be achieved on time.
Risk: It involves mentioning of the risk factors that can be involved in the research. These
different types of risk involves risk of limited sources, limited resources, crunch, funds etc.
organisation can face various risk which can be inadequacy of skilled employees, inaccurate
information analyses, lack of talent between the employees (Alsawalhah, 2020).
Resources: it involves resources which are used by the researcher during the research. Resources
like paper, pen, responses, time etc. are used which is important for the completion of the
project. Organisation also requires other resources like correct data interpretation, talented
employees, authentic sources of research etc.
Work breakdown structure and Gantt Chart
To determine the time-frame of the project various methods has been used by the
researchers. To analyse the time frame of the research project there are various techniques which
are used by Tesco which are given below:
Work breakdown structure
It helps in breakdown of the project into small parts which helps the team members to
execute and manage the project effectively. It helps in completing the project on time it also
helps in team productivity and management of the project which helps in reducing the workload
of the team members. This helps in analysing responsibilities and roles related to project along
with risk and cost involved and helps in developing correct sources of information. Work break

down structure is used for research management and project management both so that project can
be completed on the assign time period.
Gantt Chart
It is basically a bar type chart which is used for analysing the relationship between real
time activity and schedule status. It is presented in horizontal and Vertical axis which helps in
indicating the status of activities and work in a planned and organised structure so that project
can be completed on time. It involves several parts like dateline, bars, timeline, lists etc. which
helps in managing the functions of the projects like organising, planning and controlling the
activities of the project in the proper manner (Tamunomiebi, 2020).

Small-scale research methodology for meeting aims and objectives of the project
It refers to the determination and identification of specific tools which are used for
assessing, defining, analysing and processing all the information and data which is related to the
project. It also helps in analysing the reliability and validity of the information related to the
project in a effective manner so that best results can be provided (Aşçı, 2017). These research
helps in analysing the area where improvement is needed so that best outcome can take place. It
helps in achieving the aims and objectives of the research so that project can be completed

effectively. Below are the various methodology of the research which are used by the researcher
during the completion of the project.
Primary method: This involves the collection of first hand data. It is basically the raw
data which is collecting the researcher as per the problem which is identified and aim of the
research this method is slightly time consuming because it is collected by the researcher only
without any support due to more cost is involved under this method. It involves various method
such as questionnaire evaluation, focus groups, case studies, personal and telephonic etc.
secondary method: This methods helps in providing the information of other scholar and
researcher due to which this type of data and information is refereed as second hand data.
Researchers take a helps of various sources which can be articles, journals, websites, books,
magazines, reports etc. this type methods are cost effective and less time consuming because the
data is already analysed and compiled by other person. This sources of information is considered
less effective sources of data collection as compared to primary sources. These research
contained all the data which are already analysed by the other researcher (Azma, 2019).
Qualitative research: This types of research does not includes the numerical terms. It involves the
information and data like words, observations, photographs etc. primary data and information are
considered for this research so that accuracy of the data can be extracted. Due to which sample
size of this data is small so that data can be filled in an appropriate manner.
Quantitative Research: This research involves all the data and information which can be
expressed in statistical and numerical terms. This type of research helps in recording the
qualitative data into quantitative information. Sample size of this research is mainly large and it
is also easy to evaluate.
For determining the data it is necessary for the researcher to utilise primary methodology
with the qualitative methodology the sources of data and sample should be certain for the
completion of these research organisation has planned questionnaire to collect the information
and data effectively.
Sampling: It helps in analysing the total size of the participants from the whole
population so that information can be converted into statistical and numerical information. The
chosen sample size for this research is 30.
Questionnaire: it involves various questions related to the research aim and objectives so
that proper information can be collected from different participants which will help in analysing

the report. It helps in providing exact information related to the data so that best outcome can
take place.

Questionnaire
Q1. Do you know about the concept of Talent management
a. Yes
b. No
Q2. According to, do you think, there is a need of talent management in a Tesco company?
a. Yes
b. No
c. Can't say
Q3. Why do you think talent management is most important for a company?
a. To attract to top talents
b. To motivate employees
c. To retain top talent
d. All of the above
Q4. According to you, what talent management strategies are being used by company to retain
employees for long run in a company?
a. Training and development
b. Rewards and recognisance
c. Cultivating honest career path
Q5. Why do you think employees leave from company?
a. Less growth and opportunities
b. Less rewards and recognisance
c. Lack of leadership
Q6. What challenges are being faced by company while implementing talent management
strategies?
a. Increased employee turnover
b. High compensation demands
Q7. What recommendation are to be given to company for using of talent management
strategies?

Q1. Do you know about the concept of Talent management Frequency
a. Yes 20
b. No 10
Q2. According to, do you think, there is a need of talent management in a
Tesco company?
Frequency
a. Yes 20
b. No 5
c. Can't say 5
Q3. Why do you think talent management is most important for a
company?
Frequency
a. To attract to top talents 5
b. To motivate employees 5
c. To retain top talent 10
d. All of the above 10
Q4. According to you, what talent management strategies are being used
by company to retain employees for long run in a company?
Frequency
a. Training and development 15
b. Rewards and recognisation 5
c. Cultivating honest career path 10
Q5. Why do you think employees leave from company? Frequency
a. Less growth and opportunities 10
b. Less rewards and recognisation 12
c. Lack of leadership 8
Q6. What challenges are being faced by company while implementing
talent management strategies?
Frequency

a. Increased employee turnover 17
b. High compensation demands 13
Q7. What recommendation are to be given to company for using of talent
management strategies?

Data interpretation and findings
Theme 1 concept of talent management
Q1. Do you know about the concept of Talent management Frequency
a. Yes 20
b. No 10
Interpretation
From the above graph it has been concluded that this research is conducted between 30
members of the Tesco company. These are the workers of company. Out of 30 respondents, 20
said that they know about the concept of talent management. And rest others 10 said that they did
not know about the concept of talent management.
Theme 2 Need of talent management
Q2. According to, do you think, there is a need of talent management in a
Tesco company?
Frequency
a. Yes 20
b. No 5
c. Can't say 5
a. Yes b. No
0
5
10
15
20
25
Column B

Interpretation
From the above graph it is stated that out of the 30 respondents 20 are in favour of talent
management concept while 5 respondents are not in favour of talents management and the
remaining 5 don't know about this concept of talent management.
Theme 3 Importance of talent management
Q3. Why do you think talent management is most important for a
company?
Frequency
a. To attract to top talents 5
b. To motivate employees 5
c. To retain top talent 10
d. All of the above 10
a. Yes b. No c. Can't say
0
5
10
15
20
25

Interpretation
As per the above graph it is concluded that from the 30 respondent 5 think talent
management is helpful in attracting the top talents in the organisation while the other 5 says that
it helps in motivating the employees on the other hand 10 says it helps in retaining the top talent
and other 10 are agreed with all the above benefits of talent management.
Theme 4 Talent management strategies used by company
Q4. According to you, what talent management strategies are being used
by company to retain employees for long run in a company?
Frequency
a. Training and development 15
b. Rewards and recognisation 5
c. Cultivating honest career path 10
a. To attract to top talents
b. To motivate employees
c. To retain top talent
d. All of the above
0
2
4
6
8
10
12

Interpretation
According to the above graph it has been observed that out of 30 respondent 15 says
talent management helps in the training and development of the employees and other 5 says it
helps in rewards and recognisation and other 10 says it helps in cultivating the career path.
Theme 5 Why employees leave from organisation
Q5. Why do you think employees leave from company? Frequency
a. Less growth and opportunities 10
b. Less rewards and recognisation 12
c. Lack of leadership 8
Interpretation
a. Training and development
b. Rewards and recognisation
c. Cultivating honest career path
0
2
4
6
8
10
12
14
16
a. Less growth and opportunities
b. Less rewards and recognisation
c. Lack of leadership
0
2
4
6
8
10
12
14

Above graph concludes that from the 30 respondents 10 says employees leave the
organisation because there are less growth and opportunities chances in the organisation and 12
says less rewards are provided to the employees and other 8 says due to the lack of guidance and
leadership.
Theme 6 Challenges of talent management
Q6. What challenges are being faced by company while implementing
talent management strategies?
Frequency
a. Increased employee turnover 17
b. High compensation demands 13
Interpretation
From the above graph it has been analysed that out of 30 respondents 17 says increased
employees turnover can be challenge of the organisation while implementing the strategies of the
business. And 13 says high compensation demand can be challenge for the company.
Theme 7 Recommendation to the company
7. What recommendation are to be given to company for using of talent
management strategies?
a. Increased employee turnover
b. High compensation demands
0
2
4
6
8
10
12
14
16
18

Recommendations
As per the report it is recommended to the organisation that employees of the
organisation can be retained by providing proper development and training programmes in the
organisation which will helps in the overall development of the employees which will help in
enhancing the performance of the employees. Organisation should also provide similar
opportunities to all the employees so that they can get better opportunities in the organisation.
Employees plays an important role in the growth of the organisation if the experience employees
will leave the organisation then it can affect the performance of the business due to which profit
of the business will also get affected. Retaining and motivating the employees helps in achieving
the goals of the organisation effectively. Organisation should appraise its employees for there
performance so that they can motivated towards there works and perform effectively in the
organisation which will helps in influencing the other people in the organisation which will
provide the competitive advantage to the organisation due to which growth of the business will
also get increased in the market. Awarding the employees for there handwork helps in
encouraging the employees towards the goals of the organisation it also helps in developing the
career of the employees which will help in retaining the employees in the organisation which
will helps in increasing the overall revenue of the business. Organisation should also resolve the
queries of the customers so that positive environment can be created for the employees.
Providing the effective business environment to the employees will helps in increasing the profit
of the business in the marketplace. If the employees of the business will not be get the proper
environment then it can affect the functioning of the business in the market in the marketplace.
Secondary research
According to the author prarthana ghosh 2021, talent management helps in the growth of the
market it helps in improving the services of the business in the market so that growth of the
business can take place effectively in the market. if the organisation will not develop its services
in the market then it can affect the growth of the business in the market due to which
productivity of the business will get affected in the marketplace if the organisation wants to
increase its profit in the market it is very important for the business to develop its services so that
overall growth of the business can take place in the market. if the business will not develop its
services then it can affect the growth of the business in the marketplace due to which services of
the business will get affected in the market. if the people will not be motivated towards the goals

of the business then it can affect the functioning of the business in the marketplace due to which
profit of the business will get affected in the marketplace. If the business will not develop its
services then it can affect the overall functioning of the business in the marketplace.
Reflection
While the executing this project there are various skills of mine has helped me in
completing this project it also helped in developing the skills which can helps in achieving my
future goals In this report WBS and Gantt chart has been used to judge the time frame of the
project which helped the me in completing this project in the given time period. With the use of
various research documents I have developed my professional skills which can help me further
project. There are various research which is done by me like primary research and secondary
research while has increased by research skills due to which I will able to complete my future
projects effectively. Projects related to the research helps in overall growth of the individual
research basically helps the individual in increasing their skills through various sources which
can further helps in increasing the growth chances of the individual in this project various
sources are used which can helps in the organisation in retaining its employees in the
organisation so that growth of the business can be increased in the market this project help the
organisation in analysing their weakness which can further improved so that performance of the
business cannot get affected. Project management plan helped in increasing my management
skills which will help in increasing the confidence level. Various questionnaire helps me
analysing the strength and weakness of the company so that I suggest the area of development to
the organisation so that employees can remain motivated towards their performance and work in
the healthy environment if the problem of the employees will not be resolved it will force the
employees to leave the organisation which can affect the growth of the business in the market. It
also helped in analysing the problems of the employees which can help in developing the
leadership quality due to which in future I will work on the issues which are faced by the
employees so that better working environment can be provided to the customers as per their
requirement. Because employees are the one who helps in increasing the profit of the business if
employees will not fell happy with the environment then it can also affect the performance of the
business. i have learnt various skills in this research which will helps in improving my
knowledge so that growth opportunities can be developed in the market and more profit can be
earned in the business. it will also help in enhancing my skills and knowledge so that growth of

the business can take place in the marketplace so that development in the economy can take
place in the marketplace. If the skills of the individual will not get developed then it can affect
the growth opportunities in the business due to which services of the company will also get
affected in the market.
Conclusion
As per the research project it has been analysed that talent manageable helps in increasing
the profit of the organisation by retaining the employees in the organisation. There are various
strategies which are used by the talent management department like training and development,
rewards and appraisal, career development programmes which helps in motivating the employees
in the organisation so that better services can be provided to them with the use of WBS, Gantt
chart and project management plan this report has been completed effectively there are various
research which is done so that best solution can be provided which will helps in increasing the
profit of the business in the market. Retaining the employees is very important for the
organisation to increase the productivity of the business due to which this research has been
conducted so that organisation can increase its performance by retaining the employees which
will helps also helps in providing the competitive advantage to the business.

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