A Report on Talent Management Strategies in Tesco Company

This report analyzes the talent management strategies employed by Tesco, a multinational retail company, to attract and retain employees. It evaluates the benefits of talent management strategies, the importance of attracting and retaining employees, and identifies talent management initiatives. The project management plan outlines deliverables, timelines, quality control, communication methods, risk assessment, resource allocation, and project scope. Primary research, including a questionnaire, provides insights into employee perspectives. The report includes a literature review discussing various talent management strategies such as employee training and development. A reflective analysis is also provided, discussing the project's challenges and learning experiences. The goal is to analyze talent strategies that can be adopted to retain and attract people of Tesco.

MANAGING SUCCESSFUL
BUSINESS PROJECT

Table of Contents
INTRODUCTION...........................................................................................................................4
Aim..............................................................................................................................................4
Objectives –.................................................................................................................................4
Project Management plan................................................................................................................4
Literature review..............................................................................................................................7
Research Methodology –.................................................................................................................8
Primary Research...........................................................................................................................10
Reflective analysis.....................................................................................................................17
REFERENCES................................................................................................................................1
APPENDIX......................................................................................................................................3
Questionnaire...............................................................................................................................3
Reflective logbook.......................................................................................................................4

INTRODUCTION
Talent management plays strong role within recent working time among companies to
enhance workforce strengthened vision for untapped efficacy benchmarks in working horizons.
The present report will bring on analysis within Tesco company which is one of the biggest retail
company having high scale talent management operations, and extended business scale services.
Research will further evolve focus on extended primary research, getting in depth analysis
towards extended paradigms for strengthened rise within corporate scenarios.
P1: Aim and objectives
Aim
To analyse what talent strategies do the best companies use for attracting and retaining people.
A study on Tesco
Objectives –
 To evaluate the benefits of talent management strategies that can be provided to
organizations.
 To analyse the importance of attracting and retaining the employees.
 To adopt talent management strategies for retaining employees within Tesco.
 To identify different types of talent management initiatives taken by competitors of
Tesco.
P2: Project Management plan
Deliverables – The project will deliver the objectives which are being framed along with the
milestones being set and the scope known. Different types of themes will be formed which will
be interpreted through the graphs and through this present findings for the research will be
analyzed in the project (Kiradoo, 2020). Reflection will also be described for project being
undertaken at large scale. This will help in making the project more in the delivering accurate
information along with facts and figures which are required in the project which is undertaken at
large scale.

Time – The time in which the project will be completed is 30 days and this will ensure what is
the essential information which the project is delivering at large scale.
Quality – The quality of project is identified and analyzed by how all the activities and the
information are appropriately taking place within the project so that the project is completed on
time and according to this the main thing which is being evaluated is the quality of the project is
not distorted with any false information.
Communication – With the help of communication as the basic tool, questionnaire will be
framed which will help in knowing the answers and viewpoints of the respondents for the project
which is being undertaken (Oliveira and et.al., 2020). Effective communication will also help in
delivering the best of all knowledge and company’s information which will help in delivering
effective results through the questionnaire.
Risk – The risk which is observed in the project management planning is that there may not be
exact information available for the project to be completely ridden from false information.
Delivery of the project may take time than the usual and along with the major risk which is being
observed is that the data can be copied for any other project along with some same resources.
Resources – The resources which are undertaken in the project planning are concerned with
what are the essential elements which are required in the project that are being framed at large
scale which also helps in analyzing the main aim of the project (Roberts-Holmes, 2018). Apart
from this, some MSBP tools are also used for making the Gantt Chart as per requirements.
Scope – The activities and tasks which are defined in the project are being undertaken which
helps in knowing that all the project essentials and the requirements are being fulfilled at large
scale which are in relation to the topic to analyze talent strategies that can be adopted to retain
and attract people of Tesco. The activities such as framing of Gantt Chart, analysis and
interpretation of the topic through the questionnaire which is being framed within the scale of

project to be formed in effective and efficient manner (Gupta and et.al., 2019). Aim and
objectives are framed along with the research questions which help in knowing and evaluating
what is to be done in the project. The scope of project also inculcates the all the essential
information along with facts and graphs so that the precise information is made available for the
project and this helps in knowing what are the requirements apart from this which is needed to be
fulfilled within the project. Therefore, scope in this project helps in knowing what are the major
changes and the information which is required by the project significantly.
Milestones – Milestones are the major events which take place during the project which is being
undertaken. This helps in knowing that all the important information is analyzed and evaluated at
large scale and this also eradicates the errors which are creating the risk of being at failure. The
major events in the project are – Interpretation and analysis of the graphs being formed from the
themes (Edgar and et.al., 2018). Along with this, development of the Gantt Chart is also seen and
observed at large scale which helps the project to take place in appropriate manner. Milestones
are formed for the project in knowing and evaluating the aspects and basis through which all the
boundaries of the project are achieved at large scale and in successful manner. This also helps in
knowing what are the aspects through which various types of information can be collected at
large scale and this also evaluates in creating the value which helps the project to be framed in
effective and significant manner. Therefore, the milestones in project are achieved by the
activities and the tasks which are being undertaken for the project.
1. A project PLAN (TEMPLATE) OF …………….COMPANY NAME , DATE: 2021-
22
1.CHOSEN ORG NAME – Tesco
2.BACKGRD OF YOUR BUSINESS – Tesco is the British multinational groceries and
general merchandise retailer which provided the services and products to the customers at
large scale and fulfils their needs and requirements.
3.VISION,MISSION,OBJV,GOAL – Vision is – To analyze talent strategies that can be adopted
to retain and attract people of Tesco

Objectives –
 To evaluate the benefits of talent management strategies that can be provided to
organizations
 To analyze the importance of attracting and retaining the employees.
 To adopt talent management strategies for retaining employees within Tesco.
 To identify different types of talent management initiatives taken by competitors of
Tesco.
4.NATURE PRODUCT /SERVICES – The products and services which are promoted
and sold in the market to the customers are – daily groceries products which are required
by the customers in the market.
5.CAPITAL RAISED – The capital raised is 20 pounds. The funds will be raised by
taking loan from the bank.
6.COMMUNICATION TO THE STAKEHOLDERS - With the help of communication as the
basic tool, questionnaire will be framed which will help in knowing the answers and viewpoints
of the respondents for the project which is being undertaken (Oliveira and et.al., 2020). Effective
communication will also help in delivering the best of all knowledge and company’s information
which will help in delivering effective results through the questionnaire.
7. OPERTIONAL PLANS – There are some major operational plans which are addressed
in the research and this helps in knowing that how the operations of the company are
undertaken in an effective and efficient manner.
8. MARKETING PLANS – The marketing plans are framed according to the products,
price, promotion and place which help the business to grow and develop at large scale so
that the customers are engaged in buying the products.
9. RESOURCES (RM,EMPLOYEES, TECHNOLOGY) – The resources in the company
are employees which are the asset of the company and this helps in creating value for the

customers at large scale. Employees of Tesco are the important individuals of the
organization. Apart from this, technology is also the resource which helps in creating
value for the work through which the products and services are produced and promoted.
10. SWOT PLANS – The strengths of Tesco is that it helps in providing the services and
products to the customers as per their demand and needs.
Weaknesses of the Tesco is that the company is not taking any initiative towards the
changes which are framed for large scale within the workplace culture.
Opportunities of the Tesco is that the company can expand its market at large scale in the
market with different products and services in the market.
Threat to the company is from the competitors which are there in the market.
11.RISK FACTORS - The risk which is observed in the project management planning is that
there may not be exact information available for the project to be completely ridden from false
information. Delivery of the project may take time than the usual and along with the major risk
which is being observed is that the data can be copied for any other project along with some
same resources.
12. scope of the project - The activities and tasks which are defined in the project are being
undertaken which helps in knowing that all the project essentials and the requirements are being
fulfilled at large scale which are in relation to the topic to analyze talent strategies that can be
adopted to retain and attract people of Tesco. The activities such as framing of Gantt Chart,
analysis and interpretation of the topic through the questionnaire which is being framed within
the scale of project to be formed in effective and efficient manner (Gupta and et.al., 2019). Aim
and objectives are framed along with the research questions which help in knowing and
evaluating what is to be done in the project. The scope of project also inculcates the all the
essential information along with facts and graphs so that the precise information is made
available for the project and this helps in knowing what are the requirements apart from this
which is needed to be fulfilled within the project. Therefore, scope in this project helps in
knowing what are the major changes and the information which is required by the project

significantly.
13. PROJECT COSTS: The cost of the project is 100 pounds.
RM COSTS 10 pounds
EMP HIRING COSTS 5 pounds
TRAINING AND DEV COSTS 20 pounds
TECH AND SOFT WARE SUPPORT COSTS 10 pounds
OTHER INFRASTRUCTURE COSTS FOR THE PROJECT 10 pounds.
Activities Week
1
Week
2
Week
3
Week
4
Week
5
Week
6
Week
7
Week
8
Week
9
Finalising
the research
topic
Setting aim
and
objectives
Research
methodology
Forming
literature
review
Primary data
analysis
Discussion
on results
Reflective

writing
analysis
Submission
of research
project
Getting
feedback
from
supervisors
ACTIVITIES DETAILS
Task
Mode Task Name Duration Start Finish Predecessors
Auto
Scheduled
Finalising
the research
topic
1 day Tue
1/18/22 Tue 1/18/22
Auto
Scheduled
Setting aim
and
objectives
2 days Wed
1/19/22 Thu 1/20/22 1
Auto
Scheduled
Research
methodolog
y
4 days Fri
1/21/22 Wed 1/26/22 2
Auto
Scheduled
Forming
literature
review
7 days Thu
1/27/22 Fri 2/4/22 3
Auto
Scheduled
Primary
data
analysis
10 days Mon
2/7/22 Fri 2/18/22 4
Auto
Scheduled
Discussion
on results 15 days Mon
2/21/22 Fri 3/11/22 5
Auto
Scheduled
Reflective
writing
analysis
4 days Mon
3/14/22 Thu 3/17/22 6
Auto
Scheduled
Submission
of research
project
3 days Fri
3/18/22 Tue 3/22/22 7
Auto
Scheduled
Getting
feedback
2 days Wed
3/23/22
Thu 3/24/22 8

from
supervisors
GANTT CHART
Literature review
As per the view of Mahfoozi and et. al., (2018), Talent management strategies play a vital
and important role in retaining and attracting employees. These strategies can directly help
organizations in retaining their highly skilled employees and attracting highly knowledgeable
and skilled employees. Erasmus, Naidoo and Joubert, (2017) Not doing so can result in reduced
employee retention rate, increased employee turnover rate and reduced motivation of employees.
There are many different kinds of talent management strategies that can be adopted by
organizations for retaining their talented employees as well as attracting right skilled people.
Some of the main types of strategies of talent management that can be adopted by organization
are: Employee training, Providing feedback and reviews, Measuring and tracking performance,
Recognize and reward top performance, Increasing employee motivation, Providing career
development path opportunities, Promoting mentoring, Rewarding top performance and many
other kinds of techniques.
However as explained by (), it can be elaborated that, it is extremely important for
organizations for identifying an appropriate strategy that can be applicable in a particular
situation because there are many different kinds of situations that require adoption of different

type of strategy of talent management Erasmus, Naidoo and Joubert, (2017). Not adopting
appropriate strategy can directly reduce in reduced retention rate of employees and increased
turnover rate of employees which can eventually affect overall performance of employees in an
appropriate manner Erasmus, Naidoo and Joubert, (2017). Talent management can also help an
organization in retaining competitive in the market as motivated employees take initiative of
competing all the activities or task in an appropriate manner. Not only this, it can further help in
gaining competitive advantage and retaining competitive in the market.
Research Onion –
Research Onion is defined as strategies which include experimental research, surveys,
interviews, case study researches, action research or a systematic literature review. This is the
strategy which is chosen by the providence of data which is required in the research and this also
defines the purpose of study at large scale while conducting the research. Research onion is done
with the help of research philosophy and research approach.
Figure 1Research Onion for Smart IoT-Enabled Mobile Applications, 2022