Unit 6: Managing a Successful Business Project Report - Waitrose

This report examines talent management strategies, focusing on a case study of the British retail firm Waitrose. It defines talent management as a systematic approach to attract, engage, develop, and retain skilled employees. The research aims to identify effective talent management strategies for creating and sustaining a skilled workforce, with objectives including understanding talent management fundamentals and analyzing its impact on employee performance. The report includes a Gantt chart, Work Breakdown Structure (WBS), and a questionnaire for data collection. Data analysis reveals key insights into employee perceptions of talent management practices. The research employs a deductive approach and positivist research philosophy, with a sample size of 30 respondents. Recommendations include developing a global employee growth strategy. The conclusion emphasizes the importance of talent management in creating a skilled workforce, highlighting practices such as employee engagement and performance appraisals. The report provides references for further reading.

Unit 6: Managing a Successful
Business
Project

 INTRODUCTION
 Table of Contents
 Introduction
 Overview of the company
 Definition of talent management
 Research aims and Objectives
 Gantt chart
Table of Contents

 WBS
 Questionnaire
 Data analysis
 Evaluation of research tools
 Reliability and accuracy
 Sampling
 Justification of Recommendations
 CONCLUSION
 REFRENCES
Table of Contents

Talent management is an essential HR practice which helps business firms
create skilled workforce which aims to work with dedication for the
company for long time period. The dependence of business firms on labour
to gain competitive advantage has increased the importance of business
firms has increased the importance of talent management strategy as it not
helps the company provide consumer satisfaction but also plays an
important role in securing leading industry position for the business firms.
INTRODUCTION

 The enterprise selected for the present
research is the British retail firm
Waitrose.
 Waitrose was founded in the year 1904
and is currently headquartered in
Bracknell, United Kingdom.
 The company is the eighth largest
retailer in the UK with 5.1 % share of
thee grocery market.
Overview of the company

Talent management is defined as the
systemized and deliberate attests of
business firms to attract, engage,
develop and retain skilled employees in
the company for a long period of time.
The main purpose of talent management
focuses on identification and recruitment
of highly skilled employees at every
position of the company to drive success
of the firm.
Definition of talent management

Research aim:
To identify the best talent management strategies used for creation and
sustainment of skilled workforce. A case study on waitrose.
Research Objectives:
 To understand the fundamentals of talented management
 To analyse the impact of talent management on employee performance
Research aim and Objectives

Gantt Chart

WBS
This project management tool utilizes the idea of activity creation by
splitting work in making the project more manageable and approachable.
The use of a work breakdown structure supports in the combination of the
project 's budget scope, timeline, and benchmark, ensuring that the project
management plan are synchronized.

Questionnaire
 Questionnaire
Name
Age
Gender
Q1) Do you believe that talent management plays a crucial role in the
progress of a company?
a) Yes
b) No

Continue
Q2) What in your opinion is the primary advantage of employing talent
management practises?
a) Retaining Key Personnel
b) Employee Development
c) Boost employee engagement
d) Expand Employee Experience

Continue
 Q3) Do you believe that talent management practises may encourage employee
to continue recruitment with a business firm for extended time period?
 a) Yes
 b) No
 Q4) Out of the talent management applications provided below which will
provide Waitrose effective results in drawing and sustaining employees?
 a) Identification of talent
 b) Acquisition of talent
 c) Classification of talent
 d) Development of talent