Talent Management Strategies: A Study on Morrisons' Approach

This report analyzes the talent management strategies employed by companies, with a specific focus on Morrisons' approach to attracting and retaining top talent. The research aims to understand the concept and importance of talent management, determine the talent strategies used by Morrisons, and ascertain the benefits of these strategies in improving employee and business performance. The project management plan outlines the scope, resources, time, and risk considerations. The methodology involves both primary data collection through questionnaires and secondary data from books, articles, and publications, utilizing a quantitative research approach. Data analysis reveals insights into talent management definitions, strategies for retention, and suggestions for improvement at Morrisons. Recommendations emphasize the importance of learning sessions and competitive compensation. The report concludes with a personal performance review and references to relevant literature.

Managing a successful
business project
What talent strategies do the best
companies use to attract and retain
people

Content
 Introduction
 Aim and objectives
 Project Management Plan
 Gantt chart
 Methodology
 Data analysis
 Conclusion
 Recommendations
 Personal professional review
 References
 Appendix

Introduction
• Talent management is defined as one of the significant
components for arranging, organising and managing
employees in the workplace.
• Nowadays, companies are giving priority to talent
management so that best talent could be attracted and
recruited in the organisation.

Aim and Objectives
Research Aim:
“To analyse the different kinds of talent strategies adopted by companies for
attaining and retaining best talents in the workplace. A study on Morrisons”
Research Objectives:
• To understand the concept and importance of talent management within an
organisation
• To determine the different types of talent strategies adopted by Morrisons to
retain and attract best talents in the workplace
• To ascertain the benefits of talent strategies in improving the performance of
employees as well as business within Morrisons

Project management plan
 Scope: According to the project aim and objectives there are many
activities and tasks that need to be attained.
 Resources: In the current research project, there are different types of
resources are required like secondary and primary.
 Time: Time is one of the most important elements in doing anything
so it holds great significance in the present research project.
 Risk: The risk element is always present in every type of situation so
that it becomes necessary to manage risk and come up with preventive
measure or back up plan.

Work break down structure

Gantt Chart

Secondary data collection
Comparison of talent management initiatives of Morrisons and Tesco
Morrisons TESCO
Morrisons is one of the greatest
supermarkets operating in the United
Kingdom. Morrisons has formed initiative
of training and development as talent
strategy to attract and retain best talents in
the workplace. It is believed that
Morrisons want their employees to learn
and upgrade their knowledge and skill so
that they could get developmental
opportunities in the same organisation.
TESCO also focuses on organising and
maintaining workforce in the workplace.
TESCO believes in providing flexible
times to employees so that they could
make balance in their personal and
professional lives. This also attracts
employees to stay in the TESCO for
longer time duration.

Methodology
• The current research project has used primary as well as secondary sources.
• Questionnaire is used to collect numeric information from employees of
Morrisons. Books, articles, newspapers, publications etc. have used to
gather secondary data.
• The whole research project is dependent upon quantitative research because
it more relevant, reliable and valid.

Data analysis
Define talent management
Q1) According to your knowledge, how do you define
talent management?
Frequency
a) Process of attracting best candidate 5
b) Process to retain best talents 10
c) Process of encouraging and motivating employees 10
a) Process of attracting best candidate
c) Process of encouraging and motivating employees
0
1
2
3
4
5
6
7
8
9
10
5
10 10

Talent strategies used by Morrisons to retain employees in the
organisation
Q2) What are the talent strategies used by Morrisons to
retain employees in the organisation?
Frequency
a) Training and development 5
b) Rewards and recognition 5
c) Promotion 5
d) Job rotation 10
a) Training and development
b) Rewards and recognition
c) Promotion
d) Job rotation
0
1
2
3
4
5
6
7
8
9
10
5 5 5
10
a) Training and development
b) Rewards and recognition
c) Promotion
d) Job rotation
0
1
2
3
4
5
6
7
8
9
10
5 5 5
10

Suggestions for Morrisons for
improving their talent management
strategies
Q3) If you get chance, what would you suggest to
Morrisons for improving their talent management
strategies?
Frequency
a) More financial benefits 9
b) Learning sessions 5
c) Flexible timings 7
d) Positive environment 4
a) More financial benefits
b) Learning sessions
c) Flexible timings
d) Positive environment
0
1
2
3
4
5
6
7
8
9
9
5
7
4