Evaluating Talent Management Strategies at H&M: A Comprehensive Report

This report provides a detailed analysis of talent management strategies implemented at H&M, a leading multinational fashion retailer. It begins with an introduction to talent management and an overview of H&M's operations. The report then outlines the project's aims, objectives, and a project management plan, including cost, time, quality, risk, communication, scope, and resource considerations. A work breakdown structure and Gantt chart are presented to visualize project organization and timelines. The study incorporates both qualitative and quantitative research methods to gather data. Data analysis and interpretation are performed to evaluate H&M's strategies for employee retention and attraction. The report concludes with recommendations based on the research findings and includes appendices with a log book and performance review materials.

Managing a successful business
project

Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1. Aims and objectives of the project........................................................................................1
P2. Project management plan......................................................................................................2
P3. Work breakdown structure and Gantt chart...........................................................................4
TASK 2............................................................................................................................................5
P4. Small scale research by using qualitative and quantitative methods.....................................5
TASK 3............................................................................................................................................7
P5. Research and data using appropriate tools and techniques...................................................7
P6. Data analysis and recommendation.......................................................................................7
TASK 4............................................................................................................................................8
P7. Reflection..............................................................................................................................8
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10
Appendix 1 Log Book...............................................................................................................12
Appendix 2 Performance Review..............................................................................................14

INTRODUCTION
Talent management is regarded as managing the whole personnel within entity in order to
maximise their values in respect of performing their operations. Moreover, this not only
undertaken to be one time activity but a ongoing procedures which incorporates retaining as well
as attracting higher competent staff by developing skills and continuous encouragement. The key
intent oftalent management is to develop a encouraged staff which may aids firm into longer run.
For this report teh undertaken company is H&M stands for Hennes & Mauritz AB, this is a
leading Swedish multinational fashion clothing organisation for women, teenagers, men and
children. It operates in more that 62 countries and having approx 4500 stores. The topics which
are going to be discussed in this report are project aim, objectives, company overview, project
management laan, work break down structure and gantt chart. Moreover, research methods, data
analysis and interpretation along with this some recommendations are also provided in this
report.
TASK 1
P1. Aims and objectives of the project
Company overview
H&M stands for Hennes & Mauritz AB, this is a leading Swedish multinational fashion
clothing organisation for women, teenagers, men and children. It operates in more that 62
countries and having approx 4500 stores. Moreover, it is also called the parent firm of Zara and
having its online presence with online shopping available in about 33 countries. It have more
than 1,50,000 employees for facilitating products or services to customers (About H&M. 2019).
Project aim:
“To determine various strategies of talent management implemented to retain and attract
competent employees. A case study on H & M”.
Project objectives
 To evaluate the basic concept of talent management strategies.
 To determine several strategies implemented to retain and attract personnel in H&M.
 To analyse various challenges faced by H&M during implementation of talent
management strategies.
Questions:
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 What is the basic concept of talent management strategies.
 What are the several strategies implemented to retain and attract personnel in H&M.
 What are the various challenges faced by H&M during implementation of talent
management strategies.
P2. Project management plan
Project management plan is depicted because of the reality of the standard, formal model
and is the reason around how the venture is carried out, observed, and controlled. in addition,
that is the report is used for clarifying the method that group of the endeavor takes for turning
inside the deliberate extent of errand oversee (Chaffey, Hemphill and Edmundson-hen, 2015).
The arrangement of the endeavor is figured through task administrator with the assistance of
group capacity notwithstanding key partners. uniquely, it's miles acknowledged through the
undertaking director, support or viable manager who helps assets without a doubt adventure. that
is incorporated of a few added substances which have affected task plan like value, hazard and a
lot of additives which may be referenced under:
Cost: it's far the essential variables for authorizing the endeavor plan with the asset of which
typical games exercises notwithstanding project are executed using the trough. it's far the amount
which is required for reasonably completing examinations. additionally, this performs a solid
element in endeavor plan working. The value range is better for seeming research farther than
doing the test. The business and specialist ought to decide charge for mission artistic creations
achievement. From the viewpoint of the specialist, the charge needed for separate investigations
is £100 and H&M required £one hundred fifty for the achievement of this undertaking.
Time: that is known as the time length this is needed for the achievement of examination and
accomplishment of objectives (Cleden, 2017). For completing the examinations on schedule, the
examiner objectives approx 5 to about a month and a half wherein as a particular organization
needs two months to accomplish the errand plan destinations. It drives them to play out the
outcomes that are set for designated work.
Quality: that alludes to the normal, worn out this is set for completing crafted by examines. it is
fundamental factors this is needed to be considered ahead of time than starting investigations.
Thus, the auxiliary correspondingly to number one measurements are used for amassing records
for working with current realities fit as a fiddle. The records are gathered through every
enterprise notwithstanding analyst for a project the assigned craftsmanship of exploration and
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venture as well. in this, the examiner gathers records from genuine resources which will achieve
outcomes through saving venture phenomenal. Moreover, partnerships may ready to hold their
craftsmanship palatable using getting sorted out benchmark notwithstanding with the helpful
asset of essential extraordinary administration approach at the hour of doing the undertaking.
Benchmarking is gainful to set the guidelines of the data for studies and undertaking in which as
normal staggering administration will help scientist to keep remarkable of the information and
assignment.
Risk: this is portrayed as the parts which create skeptical results of exploration. while acting the
endeavor task, several hazards come to pass for just as that must be investigated ahead of time
than that licenses you to complete task fittingly. through getting data around the possibility,
successful plans further to procedures are planned to win over from that (DeMarco and Lister,
2013). The analyst faces severe chances like deficiencies of spending plan, time, and heaps of
others. For leading examination, the examiner develops methods notwithstanding the entire
endeavor on the profitatermsterm. The undertaking boss should confront various danger which
incorporates irrelevant investment of staff, monetary misfortunes, and others.
Communication: that is indispensable for an agent to talk with the gathering members who help
in doing an investigation. With the guides of discussion, data are collected effectively and
effectively. It helps to motivate the group which will supply the examination technique. for the
right discussion, the examiner needs to used various strategies like online mode, messages, and a
lot of others. all together that records of adventure are disconnected for social occasion realities
concerning the business sector to present the items accurately. In like manner, from project see
factor, there are various systems which may be used for correspondence comprehensive of
foundation get together, messages, etc. the right methodology for this is setting up get together
by utilizing the utilization of disconnected and on-line mode correspondingly to empowers hints
for completing the works of art of undertaking. By using online mode, the analyst can fit for
supply any message to their group individuals impacts so you can achieve the craftsmanship
effectively. in which endeavor chief can utilize team meeting discussion procedures so every one
of the subjects is to be noted in a hit way if any issues happen can be settled as fast as suitable.
Scope: that is characterized because the basic part of the test oversees the plan. Thus, the extent
of adjusting procedures including number one and optional exploration is, through the way of
this specialist can fit for accumulate legitimate and verify information that drives nearer to
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getting appropriate examination results (Du, Leten and Vanhaverbeke, 2014). In like manner,
firms see the part it'll help them to adjust expected alterations concerning the improvement of the
late item for upgrading their chances of increment.
Resources: The various kinds of sources which may be needed through specialist which
incorporates human resources, venture, fitting diaries, and books for collection of records
effectively to achieve destinations. Moreover, in respect of task perspective numerous resources
which are wanted for acting the examination fine art like a skilled group of laborers, amazing
time and a lot of others. so last cravings can be accomplished accurately. through having suitable
funds, a human advantageous valuable asset, and numerous others. undertaking and studies can
be executed without issues like any time the assets required which may be to be had on the
schedule.
P3. Work breakdown structure and Gantt chart
Work Breakdown structure:
that is portrayed as the significant thing adventure expectations which mastermind the
artworks of association inside reachable divisions. with regards to task control casing of skill,
this offers a clarification for work of art reprieve down frameworks as a piece of deliverable
situated progressive disintegration are to be executed through a group of the test (Frankenberger
and et.al, 2013). also, this outwardly portrays scope inside controllable pieces which adventure
bunch should perceive. besides, it has the amount of gain which incorporates disclosing
comparatively to masterminding mission compositions. the financial plan of the endeavor is
allowed to the better degrees of work breakdown structure and it is used for sorting out practical
danger in outfitted mission. further to this, it partitions undertaking work of art into more modest
segments or factors for the achievement of objectives. The reason is to make troublesome just as
colossal test into appropriate system. the principal aim of this is to help in approximating time
and rate, etc. it creates extends extra incredible notwithstanding simple for viable outcomes
accomplishment. also, it makes it simple to group the basic and not a great deal fundamental task
across organizations and play out the fine art along these lines. Along these lines, the for wearing
out the undertaking in regard of presenting new late spring footwear in London style week the
errand administrator partition the artworks into more modest gadgets all together that it very well
may be controlled effectively and gain effectually.
Gantt Chart:
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Gannt diagram becomes advanced using Henry Gantt in the year 1917. that is
characterized as the graphical show of errand time table which offers various games exercises
comparably to the achievement of the time. This shows in bar outlines which may be utilizations
for challenge arranging comparatively to clarifying of work fro leading this. It helps to oversee,
screen, time work area work and sources that address mission timetable (Galloway and Haniff,
2015). Thus, there are vertical further to level hub wherein work of art are to appear at vertical
and timing of all diversion are addressed at the flat pivot. the essential expectation of its miles to
follow adventure plans for expansion to working with models for this. it's far detailed as in sync
with the endeavor wherein sports just as time are partitioned in sync with its significance as an
approach to get wants. It helps into suitable control of all undertaking this is addressed by the use
of even and vertical hub. This assistance particular business task manager to control, show, set
up task and resources adequately.
TASK 2
P4. Small scale research by using qualitative and quantitative methods.
 Quantitative Research: Quantitative investigations can be characterized as orderly
assessment and gathering quantifiable insights or data that might be changed over into
helpful realities. This examination is utilized to assemble information from several clients
that can be every current or capacity customer (García-Peñalvo and et.al., 2013).
Quantitative investigations might be done with the valuable asset of different examining
methods along with polls, online studies and surveys, etc. to gather mathematical realities
from respondents. these realities are utilized to examine and comprehend
predetermination of any item or administrations in the commercial center. it's miles an
observational exploration which targets to offer careful and complete data of any event,
administrations, or items in the factual structure. the goal of the quantitative examination
is to increment numerical models and hypotheses which are applied in financial aspects,
publicizing and promoting demography, and in stand-out fields.
 Qualitative Research: Qualitative examination is described as implications, definitions,
attributes, images, and diagrams of components, it doesn't contain numbers and
measurements. this is a deliberate strategy of comment it truly is utilized to develop non-
mathematical realities. It particularly claims to fame of 'why' individuals accept so in the
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district of 'what' people expect. Subjective exploration works in getting data through
open-finished discussion. This exploration is utilized to find and break down in-force
realities about human conduct. on this specialists utilize their faculties and knowledge to
assemble discernments and frameworks of focused populaces, spots, and occasions.
various systems used in subjective investigations are comprehensive of direct perception,
acknowledgment organization, open-finished overviews, content material assessment,
member explanation, and heaps of others.
 Primary Research: Primary investigations is characterized as a way where specialists
gather realities straight away or direct data is utilized (Heinonen and et.al., 2013). It
shows that analysts' individual realities it genuinely is assembled via them. This
exploration assists with seeing and procure realities that might be applied in optional
resources. The various methods utilized in number one investigations are overviews, up
close and personal meetings, perceptions and so on The realities accumulated on this
examination are exact this implies that data isn't weakened. number one examinations
characterize how measurements are amassed and utilized further. be that as it may, this
state of exploration is time-ingesting which includes doing meetings and acting
overviews. through essential exploration, firms gather information and inspect it to infer
astounding outcomes.
 Secondary Research: Secondary examinations allude to that reviews wherein existing
insights are utilized. This investigation is in like manner known as work area research. It
utilizes out entryways data gathered through specialist associations, enterprises, and
foundations, media assets, etc. Auxiliary data assembled from this exploration isn't in
every case direct realities. All data and data utilized on this are accumulated from
essential sources and comparably utilized. This examination is considerably less time
eating than essential, as information is now to be had on this.
After examining both the methods of data collection, this is analysed that primary method
have been appropriate for this research report as this facilitate relevant information.
 Sampling: Sampling is known as an assessment in which foreordained assortment of
perceptions are taken from a bigger populace. An example is a more modest arrangement
of measurements that is chosen from that populace through unmistakable examining
procedures (Kohlborn and et.al., 2014). The examining approach is portrayed as a way or
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way to deal with choosing an exact wide kind of individuals, cases, or perceptions from a
specific piece of people for examination. vital explanation of examining is to obtain
records and records irregularly or efficiently which arise as mindful of needs and needs of
the centered populace.
 Sample Size: that is depicted because the number of people chose for comment used
inside the review. it's miles in everyday introduced through factor 'n'. this sister regularly
depends upon task charge, time, etc. for collecting insights. For this examination, the
example length taken is 40. The respondents are from the staff of the association.
 Questionnaire: it is portrayed in the light of the fact that the investigations approach that
is used for gathering realities from people involves a set of inquiries or some other
necessities. the one's questions propose cause just as the intention of exploration in each
the way quantitative and subjective. The polls are depicted underneath:
Q1. Do you have basic knownledge of talent management strategies in
H&M?
Frequency
a) Yes 35
b) No 5
Q2. According to you, what are few effectual talent management strategies
for H & M for attarcting and retaining employees?
Frequency
a) Offering of higher salary 7
b) Perks and allowances 6
c) higher level of commitment from top management 7
d) constant training and development opportunities 20
Q3. As per your view point, effective talen management strategies would
aids company to gain competitive benefits in longer term?
Frequency
a) Yes 34
b) No 6
Q4 What are few benefits of adopting effective talent management
procedures for H&M?
Frequency
a) Having an effective competitive situation. 4
b) Managing the satisfaction level of customers 16
c) Managing present market image 9
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d) Effectiveness in cost management. 11
Q5 Is there exists a direct relatios into talent management process and
staff satisfaction level?
Frequency
a) Positive relationship 25
b) Negative relationship 10
c) Neutral 5
Q6 What are the various challenges which are faced by H&M
management in respect of talent management process?
Frequency
a) Dissatisfied base of customers 12
b) Higher turnover of employees 10
c) Negative mind set of employees 18
Q7. What are teh several strategies of talent management that are needed
for dealing with problem in H&M?
Frequency
a) Improving TQM 20
b) Participative decision making style 10
c) Collecting timely feedbacks from the employees 10
Q8What are few key ideology to manage talent management in H&M? Frequency
a) Effective communication channels 13
b) Faster process of decision making 10
c) Enhancing employee commitment level 17
TASK 3
P5. Research and data using appropriate tools and techniques.
Q1. Do you have basic knownledge of talent management strategies in
H&M?
Frequency
a) Yes 35
b) No 5
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Interpretation: It's miles deciphered from the above-offered diagram that even as it ends up being
inquiry to forty respondents around insights the fundamental thought of abilities control in
H&M. 35 respondents had a decent view factor while 5 others talked back in a horrible answer
Q2. According to you, what are few effectual talent management strategies
for H & M for attarcting and retaining employees?
Frequency
a) Offering of higher salary 7
b) Perks and allowances 6
c) higher level of commitment from top management 7
d) constant training and development opportunities 20
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Interpretation: it is deciphered from the above-expressed diagram that while it adjusted into
question to respondents around compelling capacities control strategies for drawing in and
looking after people. 7 representatives felt that there can be conferring of better aggressive pay
rates 6 workers felt that there can be higher advantages and recompenses remarkable 7 workers
felt that there can be rent assurance from top administration and extreme 20 felt that there want
to be customary preparing and advancement prospects which are to be given the guide of the
business venture association.
Q3. As per your view point, effective talen management strategies would
aids company to gain competitive benefits in longer term?
Frequency
a) Yes 34
b) No 6
10