Analyzing Talent Strategies for Attraction and Retention: Wilko Case

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Added on  2023/06/18

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This report investigates talent management strategies for attracting and retaining employees, focusing on a case study of Wilko. It begins with a project management plan that outlines the aim, objectives, cost, scope, timeline, and resource allocation for the research. The research incorporates both primary and secondary data collection methods to analyze talent management practices within Wilko and other organizations. Key themes explored include the helpfulness of talent management, best practices, the role of human resources and line managers, and employee satisfaction. The report presents findings from surveys and explores talent management initiatives used by Wilko and Burberry. It concludes with a performance review of the project, reflecting on achievements, challenges, and lessons learned, emphasizing the importance of talent management for employee retention and attraction.
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Managing Successful Business
Project
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
STEP 1.............................................................................................................................................3
Aim..............................................................................................................................................3
Objective......................................................................................................................................3
Project management plan.............................................................................................................3
Scheduling for project management............................................................................................5
Work breakdown structure..........................................................................................................6
Gantt chart...................................................................................................................................6
STEP 2.............................................................................................................................................7
Conduct primary and secondary research....................................................................................7
STEP 3...........................................................................................................................................10
Present Findings.........................................................................................................................10
STEP 4...........................................................................................................................................11
Performance review towards project.........................................................................................11
CONCLUSION..............................................................................................................................13
REFERENCES................................................................................................................................1
APPENDIX......................................................................................................................................2
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INTRODUCTION
Managing successful business project is the management which could take more internal
business projects undertaken for having the knowledge about further company strategy or
objective. As talent management is the process for keeping the attraction, retention, selection of
the employees. This report will explain about project management plan with having various
resource plan and activities. Along with this also examined about primary and secondary
research about the various organization related to talent management. Moreover, explain about
evaluation of gathering information and also justification for implementing about the talent
management initiatives. While evaluate about the reflective practice which could led for
managing the work and effective better outcomes for having the completion over the project.
MAIN BODY
STEP 1
Aim
To understand ''What talent strategies do the best companies use to attract and retain
people?'' : A case study on Wilko.
Objective
To analyse the concepts of talent management
To develop the importance of the talent management used for attract and retain people in
organization.
To evaluate the various methods for the tm in Wilko.
To recommend strategies for the talent management that could used for attract and retain the
workforce at Wilko.
Project management plan
Cost:-
The expense for conveying about research that could reliant upon many variables and
different elements that could help the undertaking for thinking about dispense financial plan
(Catalano, 2020). To have their some better and this could needed to stick for the undertaking
extension and complete all assignment inside given the improvement choices.
Project task Cost (in pounds)
Data collection tasks 750
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Project controlling 1150
Research and development 1254
Other miscellaneous 1800
Research procurement 7544
Total 12498
Scope:-
It very well may be needed for change in any case this make their expanding about cost.
The degree for a worker is wide for having draw in and hold individuals. An essential
examination that have been led for assortment of information or social occasion that could be
founded on research, proposal will be given.
Time:-
Time for dealing with a venture for the point of view and time period that could be
required so exercises in be effectively worked and this could require 15 weeks (Brokman-
Meltzer, Perez and Gelbard, 2021).
Quality:-
The representative starts with improve nature of work all together for accomplishing the
development and given target in association. The work have been taken with quantitative and
subjective way and this could create the great nature of result in project.
Communication:-
The venture the executives helps for plan about formal and casual correspondence which
could help for other undertaking part. While this could drove them for going data through
messages, notice board, etc.
Risk :-
Information insurance act, culture obstructions, ascent of struggles at working
environment, principally hazard for the representative with having worker at joint endeavor of
association (Dobie, 2020).
Resources:-
The undertaking assets that can be utilized for overseeing work like material, innovation,
capital, human asset and numerous other helpful assets. These needed for the compelling things
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and opportune the venture. While fruition for this record required, for example, Gantt diagram,
correspondence plan, WBs, scope, hazard register and time period.
Scheduling for project management
Activity name Duration Initial date Ending date
Project initiation 14 days 22/12/2019 4/01/2019
Market investigation 6 days 22/12/2018 27/01/2019
Portfolio 5 days 27/01/2019 31/01/2019
Idea generation 2 days 31/01/2019 1/01/2019
Project planning 9 days 02/01/2019 10/01/2019
Scheming for project
towards employee
3 days 2/01/2019 4/01/2019
Risk preparation 2 days 4/01/2019 5/01/2019
Budget 4 days 5/01/2019 8/01/2019
Development 21 days 9/01/2019 30/01/2019
Training 14 days 9/01/2019 23/01/2019
Strategies for
employee
8 days 23/018/2019 30/01/2019
Project closure 21 days 30/01/2019 20/02/2019
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Work breakdown structure
Gantt chart
Activities
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Introduction
Aims and objective
Milestones and
activities
Primary and secondary
research
Implementation talent
management
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Reflective practice
Project Logbook
Name:
Project title: To understand ''What talent strategies do the best companies use to attract and retain
people?'' : A case study on Wilko.
Date:
Update on period of development
Points to consider: What have you completed in this period? Did you complete the work that you had
planned? Are you on track and within deadlines set? Did you need to make any changes to your project
plan?
While in this project this have been seems about the talent management which could be important for the
organization. the work have been completed on given time and no required for changes must be essential
for the project.
Risks and/or issues identified
Points to consider: Did you identify risks/issues related to a lack of knowledge or skill required to
undertake the work you had planned? Did you identify any additional risks/issues that have an impact on
your project plan?
This have been identified about for having the lack of communication. decision making and time
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management. while such type of skills must be required for knowing about what issues and how does this
will help in managing the work. yes, due to having the risk somewhat that have been impacted on projects.
Problems encountered
Points to consider: What challenges did you face? How did you overcome them?
The challenges I have faced about for managing the time and that could be overcome while by having the
Gantt chart and work break down structure which help me for taking some right decisions.
New ideas and change of project direction
Points to consider: In developing work, addressing risks/issues, has the direction of your work changed?
How does your work justify the change of direction? Is this clear? Do you feel this change of direction has
enhanced your work? How?
No, the work direction for the project that have been not changes and while this more help me for taking
some more and better research about the given topics.
What have you learned about yourself through your work?
Points to consider: What are the most important things that your work has revealed to you? How might
this learning apply in the future? How did you feel when you had to deal with challenges/problems? How
well do you feel you have you performed? What can you improve?
While I have learnt about the how to make the communication, positive thinking and managing the
work. while how this help me for taking some measure steps in completion over the research.
Next steps for your work
Points to consider: What aspects of your work should you prioritise? Have you allowed sufficient time
for completion?
I will make sure for having the proper time management so that could help me for making the future work.
Project plan status to date
Points to consider: Do you feel you are on track to complete your work on time? If not, how will you
address this? Do you feel your work shows your achievement of the Learning Outcomes? If not, what do
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you need to do?
Yes, the work have been completed on given time and this could led me for having the achievement about
the better learning outcome and which could also required for me in developing the better estimation about
the given projects.
Tutor Feedback
3 – Performance Review
Performance Review
What did you aim to achieve through your work?
For understanding about the talent management retain and attract towards the workforce.
Did your work succeed in achieving your aims? How do you know? Specifically, please
outline any evaluation and assessment undertaken.
Yes, this have been successes and that could also help me for taking some high measure steps and keeping
the work for being high evaluation for completion on given time period.
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.
The project developed with having well process for which the initial research and many other presentation
which could help me for taking some more better decision and that also help me in completion for the
projects.
What problems emerged during the project and how were they tackled? Was there timely identification of
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issues and resolution during the project process?
The problem was about for making the communication between the employee about what questionnaire
must be asked and this was most of the important concepts for which the online interview have been taken.
What did you learn from undertaking the project?
I learn about how to keep the motivation rewards for the employee and how should in future this could
help me for taking some high terms.
What are the strengths and weaknesses of your process that you have identified?
Strength: reporting writing, searching about new facts and weaknesses: communication, time management
and decision making.
How could your process improve for the future?
While this could be improve by having some proper action plan for which I can easily improve the future
projects.
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Notes : This have been also said that TM must be important for the organization for which the
employee can easily keep their retention and attraction towards the work and make sure of
having their more possible things. While having such things this could also led them for keeping
the high attention and keeping their employee for long term.
Notes : Ethical consideration have been taken place while at time of finding some more ethics
issues and that have been taken place within the work. This could also help for having the better
estimation and make the concepts for working with some more better and relevant data.
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STEP 2
Conduct primary and secondary research
Theme 1
How talent management is helpful for
company?
Respondents
Attracting employees 7
selecting employees 18
retention 2
all 3
Total 30
From the above graph it had been seems that, high of the employee think about that
selecting employee with having the more talent management is helpful for company (Picciotto,
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