HND in Business Unit 6: Tesco's Strategies for Talent Management

This report, submitted as part of an HND in Business program at Icon College, examines Tesco's talent management strategies. The report begins with an introduction outlining the project's aims and objectives, focusing on the analysis of strategies used by businesses to attract and retain employees, using Tesco plc as a case study. The main body of the report includes a project management plan, a work breakdown structure, and a Gantt chart to illustrate the project's timeline and organization. Small-scale research is conducted using both qualitative and quantitative methods, including questionnaires to gather data on employee perceptions of talent management within the organization. The findings are presented through graphs and interpretations, followed by recommendations based on the research data. The report concludes with a reflection on the value of undertaking the project and includes references and appendices such as a performance review template. The research explores the importance of talent management, the strategies employed by Tesco, and the impact of these strategies on employee attraction and retention, offering insights into effective talent management practices.

Managing a Successful
Business Project

Table of Contents
Title..................................................................................................................................................1
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
TASK 1............................................................................................................................................1
P1) Project aims and objectives..................................................................................................1
P2) A project management plan..................................................................................................3
P3) Produce work breakdown structure and Gantt chart............................................................4
TASK 2............................................................................................................................................7
P4) Small-scale research to meet project aim and objectives.....................................................7
TASK 3............................................................................................................................................9
P5) Present findings and data......................................................................................................9
P6) Communicate appropriate recommendation.......................................................................17
TASK 4..........................................................................................................................................18
P7) Reflect value of undertaking project..................................................................................18
CONCLUSION .............................................................................................................................18
REFERNCES ................................................................................................................................19
APPENDICES 2............................................................................................................................21
Performance Review Template.................................................................................................24

Title
“To analysis of various strategies to be utilized within a business as to retain and
attract employees”. A case study on Tesco plc.
INTRODUCTION
Managing business strategies and policies are required to be applied for making
productivity upon amount that has helped in attaining long term success that development done
in appropriate manner possible. In an business it is required to achieve both short and long term
goals with objectives. Talent management has important role to play in making productivity and
perform in appropriate manner. This is an continuous process within which quality and
development with skills, knowledge enhancement of productivity. Also talent management
makes efficient utilization of resources possible by forming systematic process. Organization
taken in this report is Tsco plc. It is an British organization that was formed in the year 1912
having headquarters in London, UK. Things to be covered in the report is project aims, objective
and time-frame. Also small scale research with appropriate recommendation through reflection is
gained upon project creation.
MAIN BODY
TASK 1
P1) Project aims and objectives
Overview of the Research: The research is based upon talent management which is
required in order to make completion of goals and objectives in better manner. In relation to
Tesco plc management has made emphasis upon managing talent skills to introduce workforce
with more efficient skills. This makes working capabilities for increasing potential through
motivation of employees with connections in business. Tesco plc is one of the best known
retailer and has is tie-up with various organization. It holds importance in order to make
development within a business possible through different strategies in efficient manner.
Aim: “ Analysis of various strategies that is used by a business to make attraction and
retention to its employees. A case study over Tesco plc.
Objectives:
 To make better understanding of talent management in an organization.
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 To examine importance of talent-management for retention and attraction of employees. To analyse principals by business to perform talent-management.
Research questions:
 Defining understanding over talent management in an organization.
 Make better understanding upon talent management to make retaining and attarcting
employees possible.
 Explain principles that is induce by business in order to perform talent-management.
Literature Review
Explain the better understanding of talent management within an organisation.
As per view point of (Tarhini, 2018) , talent management are those kind of practices
which involve various specific trends that makes working aspect to be developed. Strategic
management involves necessary change within working environment. This leads to managing of
renaissance through strong work relation which balances equation. In it identification of talent is
done to select candidates that helps in making growth of organization possible.
What are the importance of talent-management in order to retain and attract potential employee's.
According to the point of view of(Tarhini, Yunis and El-Kassar, 2018), talent
management is not limited to human resource but balances level of commitments regarding
managing, hiring and retention of employees persisting higher talent. This is important over
different strategies that makes business assets to be managed in adequate way. Also motivation
is there to make level of encouragement to be induced with more perfection. It mainly brings
flexibility and enhancement of employee's performance.
Explain principles that is induce by business in order to perform talent-management.
In view of (Stjepić and Vugec, 2019), talent management has been befitting practices to
be performed within business which makes consistency to be involved over cultural strategies.
Different challenges is been faced to make sustainability developed in gaining talent
management in more effective manner. This helps in making business do much investment to
generate funds through technological advancement upon working operations with more effective
manner. Also different principals is followed through alignment of strategies, internal constancy
for making balance between local and global need by making branding over differentiation
possible.
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P2) A project management plan
Project management plan is that document which makes examination over how project is
to be done. This make goals, scopes, budget, timeline of plan is been prepared that makes project
path to be developed. Various targets and objectives is required to be achieved is done through
this plan. Promotion of effective develops learning towards overall project. This helps a
researcher in understanding all information related to project is been executed. For such purpose
various elements are there and they are as follows:
 Cost: It is considered to be one of the most important element that is necessary for
conducting research in more efficient manner. This is helps in identifying of budget with
cost to be applied while doing projects and tasks related to it. Manager of an organization
is required to makes budget which has been given as follows:
 Time: This is another important element which makes division of time upon the aspects
of research to be done regarding project. So, managers of an organization should decide
time limit for an project which should not be more than 3 months. This makes project
completion within time period specified (Rahimian, 2020). Scope: This elements makes defining of time taken in long term strength to be done in
effective way. In it strategies should be checked that is applied over attainment of
objective and goals to be done in perfect manner.
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 Quality: It is defined as a framework within which researcher have to confirm as each
action and task is completed in definite period of time. It actually inspire as proper
collection of data and statistics which leads to appropriate outcome is appear in adequate
time. When outcome of research is implemented in business so it is important as research
is processed in proper acceptance. Communication: It is considered to be most important element which makes information
in relation to an particular project conveyed with smoothness. This promotes clarity
regarding information upon project. Also makes appropriate result attained for research. Risk : In this element researcher needs to make sure that every task is done with
efficiency and proper analysis to attain suitability at given time period.
 Resources : This element requires to be developed in order to makes resources available
for project. Such element make sure that resources needed in particular task is been
arranged in time for attaining better outcomes.
P3) Produce work breakdown structure and Gantt chart
Gantt chart: This is related to making project planning and establishment possible
through providing technical support. This is an mechanism helpful in assisting advancement of
Gantt required to build project dependency. Under it project dependency is developed to identify
path for task accomplishment. It views dates and other specification regarding project
management. This is makes task to be completed with sub-tasks within time limit specified for it
(Panova and Hilletofth, 2018).
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Work Breakdown structure: This makes identification of techniques upon project
representation of administration. In it adjusted sequence decomposition of work is done by
dividing within sections. WDS is more focused over product through alternatives requirement of
work to make goods. It makes estimation of price, hazard and period of time over work done on
small basis with substitution of level of whole project (Müller, 2018).
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TASK 2
P4) Small-scale research to meet project aim and objectives
The research makes performance enhancement possible by making proper knowledge to
be gained in relation to project. As per this two basic method of research been used over
accomplishing task. Further method has been explained as follows:
Qualitative method: In this method comparative data has to be collected through
methods like interviews, forming questionnaire, doing observation. Also participating
observation over facts and records is been done. Further analysis is done for collecting data as
per which different concepts and experiences are considered. As per this relevant ideas is
presented.
Quantitative method: The method consists of measurement related to mathematical,
statistical, numerical analysis. Data collection is done by providing support through
questionnaire, polls, survey and manipulation of statistical data into computational technique
(Kuznetsov and Sabel, 2017).
Sources of data collection: Primary sources: In this kind of sources researcher is there to make collection and
gathering of appropriate data is done simplified way. It time taking process which
provides accuracy over collecting information that is relevant as per survey done.
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 Secondary sources: As per it data is been collected through secondary sources like
records financial sheets, articles, journals, magazines, books etc. Also time taken is less
and makes balance to be formed when data is collected (Kris Bailey, 2016).
In this research accurate usage of both primary and secondary research is done with
literature review for making better understanding over the topic.
Sampling: This process is related in order to make data analyzed in statistical manner which
makes predetermination about observation calculated. Under it large population is been used
covered. The methodology makes effectiveness developed in understating solution in respective
respondent. Sample size taken is 40.
Questionnaire
Quantitative questions
Q1) What does talent management means in an organization?
a) Yes
b) No
Q2) Does talent management require for growth and success within an organization?
a) Yes
b) No
Q3) Has Tesco plc worked to retain ad attract employees regarding talent management?
a)Yes
b) No
Q4) Strategies used by Tesco plc is applicable for talent management?
a) Providing job description
b) Success is attained continuously.
Q5) Affect of talent-management in Tesco plc ?
a) Attracting and retaining of skilled employees
b) Improving performance
c) Human resource advancing
Q6) Does Tesco plc advances regarding talent-management?
a) Motivation is higher
b) Job satisfaction
c)Improving of interpersonal abilities.
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Advancement of interpersonal abilities
Q7) What initiative is taken by Tesco plc to induce talent-management in employee's?
a) Rotation of job
b) Training and development
Qualitative questions
Q8) What kind of strategy is used by Tesco plc for enhancing working performance with
productivity?
 Recognizing of skilled employees
 Guiding towards path of success.
Q9) Does Tesco plc took steps in order to retain employees?
a) Training sessions
b) Individualism
c) High motivation and moral.
Q11) Recommendation
TASK 3
P5) Present findings and data
Q1) What does talent management means in an organization? Frequency
Yes 25
No 15
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Interpretation: From the above graph it can be concluded that 40 respondents are there out of
which 25 knows about talent management and rest 15 is not aware about the concept at all. This
shows that Tseco plc has good knowledge about talent management which means high level of
skills and knowledge is there within employees which makes work more efficient (Fehlmann,
and Kranich, 2017).
Q2) Does talent management require for growth and success within an
organization?
Frequency
Yes 24
No 11
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Yes No
0
5
10
15
20
25
30
25
15