MSBP Report: Analyzing Talent Strategies at Marks & Spencer

This report provides an analysis of talent strategies that can be adopted to attract and retain employees at Marks and Spencer. The project scope includes forming a Gantt chart, interpreting data through questionnaires, and formulating aims and objectives. Milestones are identified as major events within the project, such as graph creation and Gantt chart development. The project plan encompasses initiation, planning, and execution, with a focus on deliverables like objectives, scope, milestones, and thematic analysis. The report evaluates the importance of talent management in HRM, analyzes various talent management strategies, identifies challenges in implementation, and recommends strategies for Marks and Spencer. Present findings discuss talent management initiatives at Zara and H&M, highlighting employee development and work culture. Recommendations include clear expectations, promoting social connections, revitalizing work culture, and definitive performance reviews. The reflection section details the learning experience, challenges faced, and skills developed during the project, emphasizing time management and analytical abilities.

MSBP
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Table of contents
PROJECT PLANNING...................................................................................................................3
Project Logbook...............................................................................................................................9
Performance Review......................................................................................................................11
Business Case Presentation............................................................................................................13
REFERENCES..............................................................................................................................27
Appendix........................................................................................................................................28
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PROJECT PLANNING
Scope – The tasks and activities which are defined in the project in order to make project a
success helps in knowing that all the project requirements are fulfilled in significant manner in
relation to the topic which is to analyze the talent strategies that can be adopted to attract and
retain people of Marks and Spencer. The activities which are done within the project are forming
of Gantt chart, interpretation and analysis of the topic through the questionnaire being framed
(Komal and et.al., 2020). Aims and objectives are framed which helps in making the topic more
clear and precise of what project is to be done for the topic and what are the details which are to
be mentioned accurate and providing the precise information. The scope of the project also
includes the research questions which are framed and formulated with help of the objective being
made. Evaluation of the basic aspects of what the project includes is main thing which is
necessary and important for the project which is being done and to result effectively and
efficiently. Therefore, the scope creates the value for the project which helps in knowing the
importance of retaining and attracting the talent from the organization for the topic being taken.
Milestones – Milestones are the major events which are framed in the project for knowing what
are the important and essential aspects which are to be known in the whole project that is being
done. The major events in the project are – forming of the graphs and interpretation and analysis
with the help of themes. Development of the Gantt chart is also the major event which will take
place in this project. Both the factors and aspects which are framed and formulated for the
project will help in knowing the scale through which the milestones can be achieved and this will
incur to how effectively and efficiently the project is being completed at large scale (Miranda,
2019). Milestones are formed in the project to know the exact information and the data which
can be collected through it. This will help in analyzing the scale through which all the aspects of
having and incurring the basis of the project for the topic – to analyze the talent strategies that
can be adopted to attract and retain people of Marks and Spencer is developed with all the
essential information and is developed for the scale to be achieved in significant manner.
Therefore, milestones are essential part of the project.
Project plan: Initiation, planning and execution
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Aim – To analyze talent strategies that can be adopted to retain and attract people of Marks and
Spencer.
Deliverables – The project will deliver the objectives which are being framed, scope, milestones,
Gantt chart, themes along with interpretation of the graphs and along with this present finding
will be analyzed and business case is being framed and reflection will also be evaluated.
Time – The time in which the project will be completed is 30 days (Reeves and et.al., 2020).
Quality – The quality of the project depends upon how all the activities are taken place and
worked upon to achieve the aim and objectives of the project. Therefore, the quality of the
project is highly significant.
Communication – With the help of communication and questionnaire was framed which helped
in knowing the perspectives of individuals and their viewpoints regarding the company’s
information.
Risk – The risk in the project planning is which is been observed is that the exact information
may not be available for the aim to be accomplished, delivery of the project may take time than
mentioned, data for the project planning can be copied for some other sources (Wu and et.al.,
2018).
Resources – The resources which are taken in the project planning are concerned with how the
project is to be framed and this helps in analyzing the main aim of the project, some MSBP tools
will be required for the Gantt chart preparation for the project.
Objectives –
 To evaluate importance of talent management in HRM for company.
 To analyse various talent management strategies used by organizations.
 To identify challenges in implementation of talent management strategies faced by the
company (Tian and et.al., 2019).
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 To recommend talent management strategies that can be adopted by organization’s for
attracting and retaining people within Marks and Spencer.
Research Question –
 What is the importance of talent management in HRM for organization?
 What are the strategies of talent management used by the company?
 What are the challenges in implementation of the strategies that are faced by the
company?
GANTT Chart :
Task Name Duration Start Finish Predecessors
Initiation 5 days Wed 15-09-21 Tue 21-09-21
Developing aims 2 days Wed 15-09-21 Thu 16-09-21
Preparing proposal 3 days Fri 17-09-21 Tue 21-09-21 2
Planning 13 days Wed 22-09-21 Fri 08-10-21
Evaluation of sources 2 days Wed 22-09-21 Thu 23-09-21 3
Framing methodology 4 days Fri 24-09-21 Wed 29-09-21 5
Gathering of data 7 days Thu 30-09-21 Fri 08-10-21 6
Implementing 5 days Mon 11-10-21 Fri 15-10-21
Analysis of data 5 days Mon 11-10-21 Fri 15-10-21 7
Monitoring 5 days Mon 18-10-21 Fri 22-10-21
Review 3 days Mon 18-10-21 Wed 20-10-21 9
Evaluating success 2 days Thu 21-10-21 Fri 22-10-21 11
Closure 2 days Mon 25-10-21 Tue 26-10-21
Writing findings 2 days Mon 25-10-21 Tue 26-10-21 12
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Present finding:
Talent management initiatives of Zara are towards enhancing the employee development
and their performances which helps the organization in placing right employee at right place and
this creates the value through which the organization is concerned with having the scale of
providing the employees of the organization better working environment so that they are
encouraged to work more and this helps in developing the business scale through the aspects of
growth and development (Duoyan, 2021). Zara focuses on the employee development which
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initiates to provide the work culture and this helps in providing the scale through which all the
perspectives of how the organization is taking concern of delivering the best of their performance
within and outside the organization. Thus, Zara proves to be best in following the strategy which
concerns the employees of the organization.
Talent management initiatives by H&M concerns the activities which are taken place at
the very core of the organization formation and this helps the employees of organization to
follow the scale through which all the perspectives of knowing what is the base through which
all the factors play an important role in initiating basis of the operations and the strategies which
are framed for the activities at large scale (Huaranga, 2020). This is major cause through which
all the major cause of how the organization functions is taken into consideration are known at
large scale. This helps in knowing the growth and development of how effectively the
organization is taking concern towards the changes that are been taken for benefits of H&M.
Therefore, this is the major cause through which all the perspectives of development are known.
3. Benefits and value of talent management addressing wellbeing for improving employee
retention and motivation is known as how Marks and Spencer works and this helps in knowing
the basis through which the organization seeks growth and development. Talent management
helps in improving employee motivation and they are encouraged to work and perform better by
delivering effective performances at large scale within the organization.
It is found that the project is framed under the thematic analysis in which the qualitative aspect
was being analyzed and evaluated which helped in knowing the basis through which all the
perspectives of what changes are taken within organization. All the information and data is
known which provides the present findings to be more on the scale of how effectively and
efficiently the basis of all the information is known and this helps in evaluating and framing of
the project in more detailed manner (Unt and et.al., 2018). The topic which is taken as talent
strategies which can be adopted for retaining and attracting the people of Marks and Spencer are
known at large scale and this helps in analyzing and evaluating the processes and procedures
which are being followed by the organization effectively.
Recommendations - There are some recommendations for implementing talent management
initiatives which are described as follows –
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 Clear and attainable expectations should be framed while implementing talent
management initiatives within organization.
 Promoting of social connections between management and staff should be known
between employees and staff members (Idler and et.al., 2019).
 Revitalizing of the work culture should be implemented for talent management initiatives
to be taken into action for the growth and development of the employees.
 Definitive performance reviews should be framed so that the employees are known with
what and how they are performing the work at large and small scale.
Thus, these are the recommendations which are justified for talent management initiatives which
are taken into frame and this helps in analyzing how effectively and in precise manner the best of
the practices are concerned.
Reflection – From the above project report I learned many things. This helped me in knowing
the various aspects of how the project is framed and developed. The main reason which I came
across through this project is that how effectively and in significant manner I was able to perform
all the scales and the aspects which are mentioned in the project. The main difficulty which I
faced during the formation of this project is framing the objectives and questionnaire which also
later on helped me in inventing my thinking ability. With the help of this aspect, I learned to
manage time which helped me in knowing that all the factors which are essential in promoting
the scale of how the projects are framed are known at large scale. The objectives were also
framed by me who created value for the project and on that basis the topic was described in
detail (Turner, 2018). I also framed the themes which included the graphs and described the
interpretation for that graph. The project also helped me in developing the Gantt chart which
included the activities and tasks including the basis of how effective the topic is known. Making
the Gantt chart made difficulties but eventually it was framed and developed in appropriate
manner which included all the activities and the topics which are in key considerations.
Therefore, while making this project I realized that I learned many things and this helped in
knowing and evaluating the essential aspects of project (Hamilton and et.al., 2019). And this
made the initiative of developing the project in effective and efficient manner and this helped in
overall framing the project.
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Project Logbook
Project Logbook
Name:
Project title:
Date:
Update on period of development
I had completed majority of the project proportion till collecting the data. Yes as per my plan I
had completed my work regarding data collection. Yes I’m on track and set deadlines. No
changes are yet to be required by me with regard to project.
Risks and/or issues identified
Yes, with the existence of low knowledge regarding accessing data I found certain issues
regarding the completion of data collection. An additional risk including lack of time will have
chance that it will impact my project.
Problems encountered
Cost and time was the major challenge I faced. I make it overcome with the aspect of project
management where I make plan with respect to performance of activities.
New ideas and change of project direction
No it has not make any major changes because I was already on track and my activities are
being performed in a defined manner. My work with respect to project management and its
concerned activities has make justification towards change management like change in costing.
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Yes with the occurrence of changes my work instead of being affected got enhanced i.e. now I
am able to manage work within the given time and resources.
What have you learned about yourself through your work?
I learned many aspect including time and resource management. With the help of this learning I
would be able to handle future project adequately and within the given resources. When I deal
with challenges and problems I feel somewhat different that make me to learn different things. I
feel good with my performance. I can make improvement with respect to making of plans and
management.
Next steps for your work
The aspect that is being prioritize is data analysis. Yes I have sufficient time for that.
Project plan status to date
Yes I’m on track with respect to my work. Yes my work with respect to project management plan,
data collection truly signifies learning outcome.
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Tutor Feedback
Performance Review
Performance Review
What did you aim to achieve through your work?
I aim to achieve the objectives of my project. This means with the performance of work I want to
analyse that whether the objectives and research is moving in the right direction or not.
Did your work succeed in achieving your aims? How do you know? Specifically, please
outline any evaluation and assessment undertaken.
Yes, my work succeed in the aim achievement. I come to know because my all the activities in
the context of the project are moving performing in the desired direction. This is being evidenced
with the aspect of data collection aspect of my work which is truly dated and depicting the
attainment of the objective and aims.
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What aspects of your development process do you think worked well and why? Evaluate
all aspects of the project (e.g. initial research, concept development, development
process, presentation, etc.) from a range of perspectives.
Almost every aspect including initiation, development worked well with respect to development
process. This is justified and evidenced with the concerned activity and its performance in terms
of making of aims and objectives and accordingly development of project management plan. In
addition of this it is further evidenced with the aspect of data collection and analysis where the
aspect of development process worked well. Also all the activities and efforts are directed
towards the attainment of the goal of the project.
What problems emerged during the project and how were they tackled? Was there
timely identification of issues and resolution during the project process?
The major problem including time and cost emerge with the pursuing of project. They were
tackled with the adoption of adequate steps including project management and time
management practices which assist the problem tackling.
Yes, the issues were identified on timely manner and its resolution was also taken at an
adequate time in terms of taking of suitable steps that may include adequate division of work and
resources.
What did you learn from undertaking the project?
I learned various aspect and gained broad knowledge with regard to project management. I also
learned various skills including communication, presentation, time-management and various
other. Likewise, my research knowledge also enhanced with this project.
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