Talent Management Project: Strategies to Attract and Retain People

This report explores talent management strategies for attracting and retaining employees, focusing on a case study of Tesco. The project aims to identify various talent management schemes used to retain employees for a longer duration within an organization. The objectives include understanding talent management schemes, determining their benefits in retaining employees at Tesco, and analyzing the challenges faced by Tesco's managers during employee retention activities. The research uses both primary data collected through questionnaire surveys and secondary data from books and journals. The data analysis highlights the benefits of talent management, such as reduced employee turnover, increased productivity, and enhanced employee engagement. Key talent management schemes used effectively at Tesco include training and development, rewards and recognition, and growth opportunities. Recommendations for improving talent management at Tesco include providing flexible timings, rewards and appreciation, and a healthy working environment. The report concludes that companies should effectively use talent management strategies to retain employees for a longer duration, utilizing employee engagement programs and performance management programs to analyze employee performance effectively.

Managing Successful Business
Project
“What talent strategies do the best companies use to attract
and retain people?”

● Introduction
Talent management is regarded as a process of attracting, developing and
holding employees within a working environment.
Company now a days focusing more on providing talent management schemes to
retain employees for longer duration.
This results in reducing employees turnover ratio of company

● Project aim and objectives
Aim : “To identify various talent management schemes used to retain employees
for long time in an organization”. A study on Tesco.
Objectives :
● To understand about the concept of talent management schemes used in
company.
● To determine benefits of talent management schemes used to retain
employees within working environment of Tesco.
● To analyze the challenges faced by managers of Tesco at a time of
employee retention activities.

● Project planning
● Scope : The first aims and objective are made which consist of various
activities that are to be attained by researcher.
● Resources: In this present study, researcher is using resources like books
and journals to collect secondary information.
● Time : For time schedule, investigator is using WBS and Gantt chart to
complete a research on given time period
● Initiation, planning and execution: This research is started with forming
project aims and objectives.

● Work breakdown structure

● Gantt chart

● Literature review
From the views of Rana, and Allen, (2021) Talent management is a process of
attracting top talents towards organisational processes. It is to keep employee for
long time within working environment. It helps in impacting company positively.
In relation with Tesco, their managers are providing effective talent management
strategies such as employees engagement programmes and performance
management etc. this helps the employees in developing and analysing their
performance.

Data analysis
Q1. According to you, what benefits a
talent management strategy is providing to
an organization?
Frequency
a. Reduction in employee turnover ratio 10
b. Increasing productivity and profitability 12
c. Enhancing employee engagement 8
a. Reduction in
employee turnover
ratio
b. Increasing
productivity and
profitability
c. Enhancing
employee engagement

Continue
Q2. According to you, which talent
management schemes is used effectively
in Tesco?
a. Training and development 8
b. Rewards and recognition 12
c. Growth opportunity 10
a. Training and
development
b. Rewards and
recognition
c. Growth opportunity

Continue
Q3. According to you, what
recommendation can you give to Tesco in
improving talent management schemes?
a. Provide flexible timings 10
b. Provide rewards and appreciation 15
c. Healthy working environment 5
a. Provide flexible timings
b. Provide rewards and
appreciation
c. Healthy working
environment

● Research methodology
Data collection method : Data is collected through primary and secondary
sources. Primary data is collected through questionnaire survey which includes
close ended questions as well as it includes graphs and charts to analyze the
information.
Sampling : In this research, probabilistic sampling is used because it includes
random sampling and which results in providing equal opportunity to every
respondents of being selected in samples. The sample size is 30.

● Recommendation
From the above it can be recommended that Tesco should focus on providing
learning sessions which enhance employee skills and knowledge of a particular
task which they have to perform. They must also provide rewards and
recognition to the employees so that employee get motivate and results in
enhancing their productivity. This will helps them in reducing employees
turnover ratio.