Talent Management's Impact on Employee Retention: A Sainsbury's Case

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This research project investigates the impact of talent management, specifically staff motivation schemes, on employee retention at Sainsbury's, a leading retail organization. The study aims to analyze the concept of talent management within Sainsbury's, determine the impact of motivation schemes on retention, ascertain challenges faced by managers, and identify effective talent management strategies. Using a deductive approach and positivism research philosophy, the research employs a quantitative methodology with primary data collected through questionnaires and secondary data from literature reviews. The findings are presented through charts and tables, discussing the importance of talent management in attracting, motivating, and retaining skilled employees, while also addressing challenges and suggesting strategies like regular communication, performance evaluation, and flexible working arrangements. The literature review supports the idea that talent management is crucial for Sainsbury's to maximize employee performance and productivity, highlighting the significance of competitive rewards, communication, and continuous evaluation.
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Research Project
Talent management
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Title – Talent management..............................................................................................................3
Chapter 1: Introduction....................................................................................................................3
Research aim..........................................................................................................................3
Rationale.................................................................................................................................3
Research Question..................................................................................................................3
Research objectives................................................................................................................4
Significance of research.........................................................................................................4
Chapter 2: Literature Review...........................................................................................................4
Introduction of Literature Review..........................................................................................4
Main Body..............................................................................................................................4
Conclusion of Literature Review............................................................................................7
Chapter 3: Methodology..................................................................................................................7
Research approach..................................................................................................................7
Research strategy....................................................................................................................7
Research methodology...........................................................................................................8
Research tools.........................................................................................................................8
Sampling.................................................................................................................................8
Identifying population and research site.................................................................................9
Sampling strategy...................................................................................................................9
Chapter Four: Findings (Data Analysis and Presentation)............................................................11
Chapter Five: Discussion (Data Interpretation).............................................................................14
Chapter 6: Conclusion, Recommendation and Implication for further research...........................20
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Title – Talent management
Chapter 1: Introduction
Talent management is an important aspect of organization that allows them to manage, retain,
guide and encourage workers for a longer period of time to enhance their loyalty, sense of
belonging and morale towards the organization (Anlesinya and Amponsah-Tawiah, 2020). This
research is conducted on Sainsbury which is a leading organization in the retail industry. The
present research is conducted to identify the impact of staff motivation schemes on employee
retention.
Research aim
The aim of this study is “To identify the impact of staff motivation schemes to employee
retention. A case study on Sainsbury.”
Rationale
The primary explanation for choosing this point is that, particular subject is utilization of my
own advantage as I am wanting to make my vocation in retail modern area. With the assistance
of assessing and assembling data through this exploration I can perceive the significance of
ability the executives alongside the methodologies which helps in persuading representatives and
help the association to hold them for longer timeframe for higher efficiency. Recipient inside this
examination is workers and retail industry as they might get to be familiar with the idea of ability
the executives and different kinds of staff inspiration plan to hold employees that will altogether
assist them with guaranteeing more development.
Research Question
The key questions of research related to this study are as follows –
What is the concept of talent management in context of Sainsbury?
What is the impact of staff motivation schemes on employee retention in Sainsbury’s?
What are the challenges faced by managers in managing staff motivation?
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Which are the best possible talent management strategies to increase the motivation of
employees to retain them in Sainsbury for a long time period?
Research objectives
The research objectives in context of this study are as follows:
To analyse the concept of talent management in context of Sainsbury.
To determine the impact of staff motivation schemes on employee retention in
Sainsbury’s.
To ascertain the challenges faced by managers in managing staff motivation.
To identify the best possible talent management strategies to increase the motivation of
employees to retain them in Sainsbury for a long time period.
Significance of research
Talent management has become a vital process which supports improved management and
development of employees along with leading higher motivation and satisfaction in employees.
Further, staff motivation schemes tend to comprises of the strategy such as regular training and
development of employees along with providing regular incentives and rewards that ensures and
leads to higher employee motivation and also supports improved retention of staff. The
organisation selected for this project is Sainsbury which is well known British retailer.
Chapter 2: Literature Review
Introduction of Literature Review
This structures out to be a crucial part of each and every examination project which contains
investigation and review of optional type of information that is imperative and basically had to
set a system and base for an examination. Concerning current examination various web-based
articles and diaries are investigated which depend on the talent management and impact of staff
motivation schemes to employees maintenance a conversation and assessment of which is given
as underneath:
Main Body
Concept of talent management in context of Sainsbury
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According to the viewpoint of Bilousova, Borodavka and Nurkevych, 2021 talent management is
a continuous process that allow organization to find suitable and right candidate for the job role.
This is a important process which allow organization to select, attract, motivate and retain skilled
and talented employees for longer period of time. In addition to this been underlined that talent
management is a strategic approach which benefit company to conduct workforce planning,
learning and development, employee engagement, performance management, succession and
retention, recruitment in effective manner. It is essential for human resource management within
organization to emphasise on implementing the concept of talent management into practices in
order to not only increase effectiveness of workforce management but also enhance overall
productivity and performance of employees in an organization on simultaneous basis. In today’s
business environment there is an aggressive competition among industry in all the sectors which
enhances the need to manage talent (Collings, Mellahi and Cascio, 2019). Employees are
considered as most important asset for a company which helps in enhancing their profitability
and productivity. Talent management significantly allow company to engage talented and skilled
employees and further direct them towards accomplishment of business goals. It also helps in
enhancing satisfaction of consumers along with the performance of business. Thus it has been
underlined that talent management is concept which engage in the evolvement of attracting and
retaining highly talented and skilled employees for longer period of time and developing their
knowledge with continuous motivation to improve their performance.
Impact of staff motivation schemes on employee retention in Sainsbury’s
According to the viewpoint of Collings, Scullion and Caligiuri, 2019 talent management
naturally inclusive of many responsibilities of HR which is a framework that allow organization
to gain optimal result. Motivation is basically implementation of principles and practices to
encourage overall motivation level of employees. It is essential for an organization to
continuously motivate, guide and encourage employees in order to make them feel valued. This
helps in enhancing employees sense of belonging and loyalty towards organization,. It has been
underlined that staff motivation scheme have positive impact on employee retention in
Sainsbury, as company is operating as a leading organization in retail industrial sector. This
makes them to implement various staff motivation schemes in order to retain talented and skilled
workers. It has been evaluated that staff motivation scheme impact on employee retention in
terms of improving business performance, allowing organization to stay competitive, helps in
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driving creativity and innovation, decrease turnover and develop positive image of organization
in industry. In current business world it is essential for organization to continuously encourage
and motivate employees. This will help them to conduct their rules and responsibilities in more
hardworking manner.
Challenges faced by managers in managing staff motivation
As per the viewpoint of Gupta, 2019 staff motivation is an important practice that benefit
organization to significantly encourage employees to conduct their roles and responsibilities in
more hardworking way. However in this process there are certain form of challenges that can be
faced by managers in managing staff motivation (Gallardo-Gallardo, Thunnisse and Scullion,
2020). Some of these challenges are inclusive of lack of interest, low expectation of success, lack
of engagement of employees in training and development, low self confidence, fear of failure,
resistance towards adopting change or learning new skills etc. All these challenges can create
number of issues in front of Sainsbury managers to implement staff motivation schemes in
efficient way.
Best possible talent management strategies to increase the motivation of employees to retain
them in Sainsbury for a long time period
As per the view point of Harsch and Festing, 2020 In today’s business world it is essential for an
organization to manage talent effectively in order to keep employees enthusiastic. This
encourage them to go the extra mile in any industry. It is essential for company to provide
employees motivation and encourage them as it has been underlined that employees need to
continue feeling that organization is meaningful and enjoyable place to work. In this talent
management and stop motivation schemes play crucial role there are number of challenges that
can be faced by managers in the process of managing staff motivation. These can be effectively
overcome with the help of implementing certain staff motivation strategies such as regular
communication with employees, in this it is essential for HR manager to talk about employees
career goals in order to make sure that organization is providing the right opportunity, conduct
continuous performance evaluation in order to analyse the skill gap which employee is facing
which create stress and complexity for them to conduct roles and responsibilities (Hongal and
Kinange, 2020). In addition to this company can also undertake use of providing flexible
working and further motivated encourage them reports and recognition to overcome the
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challenges in effective manner and further enhance their motivation to retain them for longer
period of time. In addition to this there are certain strategies that can be implemented by
companies such as taking constant feedback, undertaking use of two way communication
network, develop trust with employees, continuous performance evaluation and encourage them
on regular basis through which company can effectively overcome this challenge in effective
manner.
Conclusion of Literature Review
Thus according to the above analysis of various journals, authors, books and articles the
talent management is an crucial strategy and process for organization like Sainsbury. This not
only help them to retain skilled and talented employees for longer period of time but also benefit
organization to maximise employees performance and productivity. However there are certain
challenges that organization can face which can be overcome with the help of strategies such as
attractive and competitive rewards and recognition, two way communication, continuous
performance evaluation and more.
Chapter 3: Methodology
Research approach
There are two main sets of research approach which are inductive and deductive. Both of
these mythology allow researcher to conduct research in an effective manner. In context with
Sainsbury investigator undertaken the use of deductive approach. The main reason behind taking
advantage of this method is that it really coordinate with positivism research philosophy. It also
benefit researcher to conduct evaluation of data and information in and better form of testing and
gaining of numeric facts and figures which heads in accomplishing overall objectives effectively.
Research strategy
This is mainly most important aspect of research methodology which is a plan of research and
allow investigator to select appropriate strategy to fulfill overall aims and objectives. There are
different types of research strategies such as action research, survey, empirical research,
experiment, observation etc (Kravariti and Johnston, 2020). Among all these strategies
investigator to conduct present research undertaking the use of survey. The justification behind
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taking advantage of this method it that it is viable method and allow to select sufficient sample
size and collect data among the whole population to draw valid conclusion.
Research methodology
There are various forms of research philosophy which are Positivism, interpretivism,
Pragmatism and Realism. These allow investigated to accomplish overall objectives and m in
desired manner. In terms with present result investigator conducted the research on Sainsbury
with the help of taking use of positivism research philosophy. The primary reason behind taking
advantage of this method is that it helps in conducting investigation with supporting research in
scientific and practical way.
Research tools
Quantitative and qualitative are two types of examination strategies which permit agent to direct
research in a powerful way. In wording with present research invetsigator undertaking the
utilization of quantitative exploration technique. The essential purpose for exploiting this that it
helps in gathering data in information in measurements and mathematical way which is not
difficult to present and gather. Notwithstanding this one more support behind exploiting this
technique is to have better show of gathered data and realities in alluring and efficient way. In
this investigator will present the information and data with the help of taking use of charts and
tables (Narayanan, Rajithakumar and Menon, 2019). In addition to this investigator undertaken
the use of primary and secondary source of data collection method in terms with primary method
investigator selected first hand and authentic data with the help of questionnaire. While in terms
with secondary data collection method investigator conducted evaluation of fast finding in
research work analyse them with the help of literature review. While in primary data collection
method investigator analyse collected data with the help of frequency table and pie chart.
Sampling
This is a statistical process which allow investigator to select viable sample size out of the
whole population. In terms with present research investigator undertaking the use of random
sampling method and out of the whole population overall 30 respondence are being selected
those who are employees of Sainsbury. The primary reason behind taking advantage of this
method is that it helps in conducting research in more fairer manner and provide equal
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opportunity to all members. In this investigator selected use of questionnaire to collect
information with the help of primary data collection method.
Identifying population and research site
30 respondents (employees of Sainsbury) had been chosen from the employs which is
reasonable for assortment of essential information in most unbiased manner way as it offer an
equivalent opportunity of determination for all members.
Sampling strategy
This will more often than not be a statistical process which is used under current
examination for determination of feasible example size of a bigger number of populace. Using
random sampling method
Questionnaire
Name:
Age:
Gender:
Email:
Q1) Are you aware with the concept of talent management in context to business?
a) Yes
b) No
Q2) As per your perception, is talent management is essential for Sainsbury’s growth for
longer period of time in the retail industry?
a) Yes
b) No
Q3) As per your view point, what is the most effective strategy of talent management that can
be adopted by to encourage staff motivation?
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a) Transparent and flexible work culture
b) Attractive pay and rewards
c) Competitive opportunities for career development
d) Attractive training and compensation
e) Digital training and workforce development opportunities
Q4) According to your perception, what could be the most efficient form of staff motivation
strategy that can be implemented by Sainsbury to increase overall staff motivation?
a) Intrinsic and extrinsic benefits
b) Training programs
c) Communication
d) Additional benefits
Q5) What is the common staff motivation strategies that Sainsbury executing to motivate
employees?
a) Providing voucher and gift cards
b) Trust development
c) Feedback on frequent basis
d) Celebrating small wins
Q6) As per your perception, what is the most efficient impact of staff motivation schemes that
can be measured by Sainsbury?
a) Employee retention
b) Talented workforce
c) Customers satisfaction
d) Positive brand image
Q7) According to your view point, in what way staff motivation schemes impact on Sainsbury
ability to retain employees?
a) Positive
b) Negative
c) Neutral
Q8) As per you perception, what are the major potential challenges Sainsbury is facing in the
process of adopting staff motivation schemes to retain employees?
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a) Increase in labour turnover
b) Lower-level self-confidence among employees
c) Low interest in engagement
d) Deficiency of interest
Q9) According to you, what can be the efficient strategy that Sainsbury can adopt to overcome
the challenges that company is facing in implementing staff motivation schemes to order retain
employees?
a) Employee incentive program
b) Flexibility, breaks and physical activities
c) Transparent work culture
d) Employee engagement
e) Reward and recognition system
Q10) As per your perspective, which one is from TESCO and Sainsbury is undertaking
advantage of efficient form of strategies in implementing staff motivation schemes to retain
employees?
a) TESCO
b) Sainsbury
c) Neutral
Q11) Provide further recommendations Sainsbury management of Sainsbury in adopting staff
motivation schemes to retain skilled and talented workers.
Chapter Four: Findings (Data Analysis and Presentation)
Frequency Table
Q1) Are you aware with the concept of talent management in context to
business?
Frequency
a) Yes 29
b) No 1
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Q2) As per your perception, is talent management is essential for
Sainsbury’s growth for longer period of time in the retail industry?
Frequency
a) Yes 28
b) No 2
Q3) As per your view point, what is the most effective strategy of talent
management that can be adopted by to encourage staff motivation?
Frequency
a) Transparent and flexible work culture 8
b) Attractive pay and rewards 7
c) Competitive opportunities for career development 5
d) Attractive training and compensation 5
e) Digital training and workforce development opportunities 5
Q4) According to your perception, what could be the most efficient form of
staff motivation strategy that can be implemented by Sainsbury to increase
overall staff motivation?
Frequency
a) Intrinsic and extrinsic benefits 8
b) Training programs 8
c) Communication 7
d) Additional benefits 7
Q5) What is the common staff motivation strategies that Sainsbury
executing to motivate employees?
Frequency
a) Providing voucher and gift cards 15
b) Trust development 5
c) Feedback on frequent basis 5
d) Celebrating small wins 5
Q6) As per your perception, what is the most efficient impact of staff
motivation schemes that can be measured by Sainsbury?
Frequency
a) Employee retention 8
b) Talented workforce 7
c) Customers satisfaction 7
d) Positive brand image 8
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