Managing Successful Business Project: Tesco Talent Management

This report provides an analysis of Tesco's talent management strategies, examining its approach to employee retention and development within the context of a multinational grocery retailer. The report begins with an introduction highlighting the importance of talent management, followed by a company overview of Tesco. It then explores the significance of talent management strategies, emphasizing the need for attracting top talent, employee motivation, and continuous coverage of critical roles. The core of the report details the strategies used by Tesco, including analyzing company values, building an employee-focused culture, involving employees in recruiting, and utilizing online platforms. The conclusion summarizes key findings and emphasizes the critical role of effective talent management in organizational success, including the cost of poor hiring decisions and the importance of attractiveness management. The report references various sources to support its analysis.

MANAGING SUCCESSFUL
BUSINESS PROJECT
CASE OF TESCO

TABLE OF CONTENT
• Introduction
• Company overview
• Talent management importance
• Strategies for talent management
• Conclusion
• References

INTRODUCTION
• Talent management and retention are two most important strategies that are used within organisations for
maintaining talented employees within the company.
• There is need for appointing right management in order to function portfolio companies. There are some
decision makers within industry who hesitate for exchanging the leadership of new acquired companies.
• There are other decisions related to new executives hired and investors who are provided challenge in
recruitment process.

RESEARCH AIM
• The objective of this project is to analyse the talent management strategies used within Tesco.

COMPANY OVERVIEW
• Tesco is known as a British multinational
grocery retailer. it was established in the year
1919.This company so it's focusing upon
managing talented employees so that it can
achieve organisational goals and objectives in
less time.

IMPORTANCE OF TALENT MANAGEMENT
STRATEGIES
• Tesco requires to have effective talent management
strategies in order to make employees stay in the
company. If this company is having talented
employees then it will be easy to make business
operations work in flexible manner.

IMPORTANT OF TALENT MANAGEMENT AND WHY
TESCO SHOULD INVEST IN IT
• Talent management is a human resource key term for
managing the hiring, managing, developing and
retaining most talented and excellent employees.
Talent management plays an essential role within
business strategy for managing important assets of
company.

THERE ARE FEW REASONS WHY TESCO IS INVESTING
IN TALENT MANAGEMENT:
• Attract top talent
• When Tesco is having strategic talent management then there are opportunities for attracting
more skilled workers which are available. It also creates employer brand for attracting potential
talents and contributing to improvement of organisation business performance.
• Employee motivation
• It helps in keeping the employees always motivated and encouraged for doing their task.
According to statisticss, it is analysed that 91% of employees are sharing their money for feeling
engaged and motivated.

CONTINUE…
• Continuous coverage of critical roles: talent management is involved in managing tasks which require
critical skills for planning and addressing the important as well as specialised roles within workforce.
• Increasing employee performance: it is involved that use of talent management helps it easy for
companies in identifying whether employees are suitable for the job or not. Performance management
issues in greviances are solved effectively.

STRATEGIES USED BY TESCO FOR TALENT
MANAGEMENT
• Analysing companies values and vision
• Build an employee focused culture
• Involve employees in recruiting
• Connect on line

STRATEGIES FOR TALENT MANAGEMENT
• Analysing companies mission and values: this
includes identification of the most essential skills as
well as values required for the company.
• Building an employee focused culture: It includes
considering of the offers which are provided to
employees. Value work life balance of employees is
important for managing the work. It is involved in
flexible working schedules and providing candidates
or proper opportunity for job training and promotions.

CONTINUE…
• Involve employees in recruiting human when employees are happy and satisfied they will stay in
organisation for longer period.
• Getting new people hired: when meeting a potential people who can working the company properly is
the best way for establishing a good relation. It is also important to manage hiring of skills software
developers and accountants in order to accurately manage the financial as well as operational activities.
• Connect on line: social media is one of the best approach that can be used by business professionals to
manage the employ relation.