Talent Management Strategies: Asda's Approach to Employee Retention

This report examines talent management strategies employed by organizations, focusing on Asda's approach to attracting and retaining employees. The research aims to identify effective talent management initiatives and their benefits. It covers the concept of talent management, project management plans, work breakdown structures, and research methods used to gather and analyze data. Findings reveal the importance of employee awareness regarding talent management and the effectiveness of strategies like training and development, career opportunities, and positive work culture. Recommendations are provided to Asda for enhancing talent retention, emphasizing career growth, and fostering a positive environment. The study concludes that talent management is crucial for retaining talented employees and improving organizational performance, with various initiatives like training, employee participation, and rewards playing a significant role. Desklib provides access to this document along with other solved assignments and resources for students.

Managing a Successful Business Project

Table of Content
 Introduction
 Project aims and objectives
 Literature Review
 Project management plan
 Work breakdown structure and Gantt chart
 Research Methods
 Presentation of the data and findings
 Communication of the recommendations
 Reflection
 Conclusion
 References

Introduction
Talent management is an integrated organisational procedure in human resource
which is required for developing, motivating, retaining, attracting and engaging staff
members. In addition to this, it is a strategic approach that help an organisation to
develop high performance workplace, retain employees, encourage continuous
learning, increasing productivity and many more.

Project Aim and Objectives
 Research aim:
“To identify the talent management strategies used by organisations to attract and retain
employees”. A study on Asda
 Research Objectives
To understand the basic concept of talent management.
To determine the effective talent management initiatives adopted by two organisations that
are Asda and Tesco.
To examine the benefits gained by Asda due to talent management.

Literature Review
 Concept of talent management
According to Prarthana Ghosh, (2021), Talent management is referred as a
strategic procedure of getting right talent on-board and also help them to enhance their
skills and capabilities keeping objectives of company in mind. Along with this, it is
determined that such concept allow company develop and improve the skills, traits
and expertise of staff members in an effective manner.

Project Management Plan
Project management plan is the formal document that is based on information about the
activities to be performer, cost and other associated factor's as mentioned below:
Scope: Implementation of talent-management strategies is very important for the purpose of
retention of talented employees. The higher authorities in organization have to focus on
development of brand image, employee retention and achievement of higher competitive
advantage.
Cost: It is the factor that is associated with overall budget that is $8000 required for the
purpose of completing the activities as part of research work.
Time: It is associated with the aspects that all activities have to be completed in the assigned
time frame. In the present research work there is requirement of a time period of 20 weeks to
accomplish all the activities.

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Quality: This factor reflects the quality and effectiveness of the information that is
gathered by the researcher. In present research work the information is collected through
articles, journals that is representing the quality of research work to be high.
Communication: This element is associated with tools that is required for the purpose of
communicating the outcomes of the research work. There is use of both verbal and non verbal
communication methods.
Resources: It includes the resources that are essentially required for completion of
activities. Such as human resources, financial resources for attainment of laid objectives.
Risk: It is evaluated that there are some risk factors such as wastage of resources, lack of
communication, financial resources that have to be ascertained in advance to minimize its
negative impact.

Work Breakdown Structure and Gantt
Chart
Work Breakdown structure: It is defined as the tool in which the different aspects of
project are break down in smaller segments, it will help researcher in dividing the whole project
in manageable activities.

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Gantt chart: It is the bar chart that is
used for illustrating the project schedule in
which all the activities have to be
completed in effective manner. It is a
graphical representation of scheduling of
project.

Research Methods
Quantitative research method: In this method the data is collected in the numerical form
that can be based on figure's or facts. It helps researcher in getting in depth information related
to respective issue of research.
Primary method: It is defined method of collecting data where researcher is willing to
collect first hand or original information. The main aim is to collect in depth information that is
reliable and valid conclusions.
Secondary method: in secondary method there is collection of information that is already
existing. In present research there will be use of information from articles, journals, books and
other such sources.

Presentation of the data and findings
Interpretation: From the above graph, it is analysed
that out of total 30 respondents 24 participants have
knowledge about talent management concept whereas the
remaining 4 respondents are not aware about it. Thus, it is
vital for company to make its employees aware regarding
such concept as it has direct impact on the performance and
efficiency of staff members.
Q1. Are you aware with the concept of
talent management?
Frequency
a) Yes 26
b) No 4
Theme 1: Awareness about talent management
26
4
a) Yes
b) No

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Interpretation: By analysing the above graph,
it is analysed that providing training and
development session to employees is one of the
talent management strategy used by respective
organisation to acquire and retain employees,
which is perceived by 10 participants out total
30 respondents.
Q3. As per your view point, what are the benefits gained by
Asda due to talent management and acquisition?
Frequency
a) Increase in employee performance and efficiency 6
b) Employee retention and satisfaction 11
c) Better succession planning 7
d) Enhancement of brand image 6
Theme 3: Talent management strategies used to attract and retain employees
6
11
7
6 a) Increase in
employee
performance and
efficiency
b) Employee
retention and
satisfaction
c) Better
succession
planning
d) Enhancement of
brand image