Business and Management Assignment (Project)
Added on 2020-11-12
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BUSINESS ANDMANAGEMENT PROJECT
Table of ContentsRESEARCH PROPOSAL...............................................................................................................1Background.................................................................................................................................1Research Questions and Objectives............................................................................................1Preliminary Literature Review....................................................................................................2Method........................................................................................................................................5Timescale....................................................................................................................................7Resources....................................................................................................................................7REFERENCES................................................................................................................................9
RESEARCH PROPOSALTopic- Impact of reward system over employee (lorry drivers) productivity at MaritimeTransportBackgroundEmployees performance is one of the important factor with the help of whichorganisation becomes able to attain desired objectives in a better manner. Individuals' contributesto overall team performance and aggregation is made is the firm performance particularly inrelation to productivity in effective manner. Reward system is a crucial factor to makeemployee's work for the company's benefits by rewarding, motivating and encouraging them bymonitoring performance in a better way (The Best Ways to Reward Employees. 2018). Throughan appropriate reward system, organisation can easily attract new candidates and also retainexisting employees. The allocation of duties and responsibilities to employees are made toaccomplish firm's objectives quite effectually.Rewards should be based on differing demands and needs of workers. Some posses needof cash rewards while some have incentives such as house, car and paid holidays etc. Seeking tothis, proper monetary and non-monetary benefits may be implemented and as a result, adequatereward system prevails. Maritime Transport which is UK's leading container transport firm willbe taken for the research project. On the other hand, due to increased competition prevailing inthe market, various challenges occur which needs to resolve by company (Landy, Zedeck andCleveland, 2017). Employee productivity can serve as main competitive advantage over rivalsand this study aims to explore reward system in Maritime Transport and its impact on employee'sperformance.The company must be able to attain efficiency in effective manner as when employeesare highly productive then they make their best contribution. This effectively increasescompany's performance as workers become happy and they contribute quite effectually regardingthe performance of company (Kellner, Townsend and Wilkinson, 2017). Thus, MaritimeTransport will be provided with recommendations so as to enhance its reward system in effectivemanner.Research Questions and ObjectivesResearch Objectives1
To analyse influence of reward system over productivity of lorry drivers in MaritimeTransportTo assess the importance of fair reward system for increasing productivity of employeesin Maritime TransportTo recommend how fairly reward system can be implemented in Maritime Transport forincreasing employee's productivityResearch QuestionsQ1. What are the factors of reward system which influences employee's productivity at MaritimeTransport?Q2. What is the impact of rewards on performance of lorry drivers at Maritime Transport?Q3. How can reward system at Maritime Transport be improved to maximise performance?Preliminary Literature ReviewAccording to Howard, Turban and Hurley (2016), one of more perplexing challengefaced the HR mangers of an organization is related with how a team and its team members mustbe compensated in a fair and efficient manner while providing them incentive to enhance theperformance and productivity this study reflects the fact that the best strategy for giving therewards depends on the level of task and experiences they gained and both of them areinterdependent. The incentive given to the employee are related with either personable output orcollective output and might be associated with the overall productivity and performance of theorganisation. The study also stated that the compensation manager of the business must includedrewards for the human capital attribute of the firm in increasing interdependence scenario(Howard, Turban and Hurley, 2016). A firm depends highly on its human resource for attainingthe organizational goals and objectives. The reward system is an effective way to increase theproductivity and level of performance of employees and team members. This can be articulatedfrom present article that both business and its workers are interdependent, performancedepends on the incentives strategies are formed on the basis of personal and collectives outputgiven by employees or team as a whole. As per Deepa, Palaniswamy and Kuppusamy, (2014) the motivation of the employee isconsidered as a driving force for the employees for achieving the goals and objectives of theorganisation. In the present time each and every business want to use and explore its humanresource to the in the best possible manner. This article defines the way and factors through2
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