Evaluating Talent Management Strategies for Business Projects

This report analyzes the talent management practices at Marks and Spencer (M&S), aiming to identify effective strategies for attracting and retaining employees. The study investigates various aspects, including the impact of talent management on organizational performance, the importance of talent strategies for growth, and the effectiveness of current practices. Through a survey, the report assesses employee perceptions on topics such as training, recruitment methods, and challenges in implementation. The findings indicate that M&S incorporates talent management extensively, from attracting to retaining talent, and addresses challenges to improve. The report concludes with recommendations to overcome these challenges and enhance talent management effectiveness, with references to relevant research on the subject.

Managing a Successful Business Project

Aim
 “To identify best talent management strategies for the companies to
attract and retain people “

Objective
 Objective
 To understand the concept of talent management practises used by human
resource department.
 To identify The talent management strategies to retain and attract people for
the M&S
 To evaluate the impact of talent management practises on workplace of Marks
and Spencer.
 To analyse the challenges faced by the organisation from implementation of
talent management strategies.
 To recommend strategies that could be helpful in overcome the challenges from
talent management implementation.

Theme: 1 talent management practices impact on the organizational
performance.
Q.1 Do you think talent management impact on the organizational
performance?
Option Response
Highly agree
Agree
Disagree
Highly Disagree
8
7
7
7
Total 30

Theme: 2 the importance of talent strategies in organization growth
and development.
Q.2 Is it possible to identify the importance of talent strategies in
organization growth and development?
Option Response
Highly agree
Agree
Disagree
Highly Disagree
10
8
6
6
Total 30

Theme: 3 talent management strategies are enough in companywide-
decision making processes.
Q.3 Do you feel that talent management strategies are enough in
companywide-decision making processes?
Option Response
Highly agree
Agree
Disagree
Highly Disagree
11
9
6
4
Total 30

Theme: 4 current performance management process of organization
depends upon the talent management strategies.
Q.4 Do you feel that current performance management process of
organization depends upon the talent management strategies?
Option Response
Highly agree
Agree
Disagree
Highly Disagree
12
8
5
5
Total 30

Theme: 5 training and development opportunities help for employees
in the workplace.
Q.5 Do you believe that training and development opportunities
help for employees in the workplace?
Option Response
Highly agree
Agree
Disagree
Highly Disagree
10
10
5
5
Total 30

Theme: 6 talent management strategies are overcomes the challenges
or eliminate barriers in the workplace.
Q.6 Do you feel talent management strategies are overcomes the
challenges or eliminate barriers in the workplace?
Option Response
Highly agree
Agree
Disagree
Highly Disagree
10
10
5
5
Total 30

Theme 7: Use of social media, employment agency and internal
recruitment for recruiting employees
7. By which mode of recruitment
you engage employees in
company?
Respondents
a) Use of social media 7
b) Use of employment agency 3
c) Campus placement 5
d) All of above 15
Total 30

Theme 8: Offering advantages for retaining employees
8. What advantages do you offer
to your employees in the
organization?
Respondents
a) Enable them positive work
environment
5
b) Sharing of benefits and bonus 4
c) Continuous learning 7
d) All of above 14
Total 30

Theme 9: Challenges in the implementation of talent management
9. What challenges do you face
in order to implement talent
management?
Respondents
a) Lack of leadership 5
b) High compensation demand 4
c) Raising employee’s turnover 5
d) All of above 16
Total 30