Qualitative Research Methods
Added on 2020-01-28
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Dissertation- Methodology1
TABLE OF CONTENTSLITERATURE REVIEW................................................................................................................3Explore the concept of reward system and its importance .........................................................3Different types of reward system.................................................................................................5Analysis of the impact of reward on employee's performance ...................................................6Factor influencing the employee compensation..........................................................................8RESEARCH METHODOLOGY...................................................................................................10Research philosophy..................................................................................................................10Research approach.....................................................................................................................10Research design ........................................................................................................................11Research method .......................................................................................................................11Data collection ..........................................................................................................................12Sampling....................................................................................................................................13Data analysis .............................................................................................................................13Ethical consideration .................................................................................................................13REFERENCES..............................................................................................................................152
Title: To analyze impact of reward system on the performance of employees: Case study ofAsdaLITERATURE REVIEWThe particular section is most important part of the thesis. This is referred to as literaturereview. It is considered as the most crucial section. In this part the opinions as well as views ofanalysts with respect to specific investigation are demonstrated. The data in the particular sectionis being collected by means of secondary sources which acts as basis with which furtherinvestigation is being conducted. Thus through the assistance of literature review gap is theresearches by authors is past is being assessed. Apart from this the chapter critically makesevaluation of the views of researcher in brief manner. Therefore such acts as an aid in buildingstronger theoretical base for the subject matter in the investigation. In the present thesis review ofliterature would involves analysis of impact of reward system on the employee's performance.Further it involves the factors that affects the compensation of the employees. This furtheraffects the productivity as well as efficiency of the business to a greater extent. Explore the concept of reward system and its importance Reward is regarded as the thing which is being given to any individual as he has madecontribution to the business. In accordance with the views of Allen and Kilmann, (2001) rewardsand incentives assist in contributing towards towards the implementation of the strategy throughshaping of individual behavior within the business. It has been assessed that well designedsystem of reward is consistent with goals of the business, its vision and job performance. Rewardthat is being gained by the person is in form of pay. In managerial term reward is regarded as thetotal return that is being given by the employee to the personnel in order to render the servicestowards the objectives of the business. It is considered as the return from the work. As per theviews of Armstrong and Stephens, (2005) it has been assessed that every individual desirestowards gaining the return from the business before getting involved in any kind of activity thatis related with the business. This is referred to as reward. It acts as an aid in attracting theattention of the worker and also inspires them in performing the task in an effective manner.Further a reward is pay off for the performance that is directly related with the motivation levelas well as job satisfaction. 3
It has been assessed that reward management within the firm assist in motivating andretaining the personnel at workplace. It is important aspect of HRM as well designed rewardsystem would result in increasing the productivity as well as satisfaction among the personnel.Further reward management is the procedure of creation, implementation as well as controllingan effective system of reward within the organization that assisting in maintaining as well asbringing improvement in the performance of the firm. In accordance with the views of Buller andMcEvoy, (2012) it has been gained that reward management is considered critical aspect ofhuman resource management that is revolving around designing as well as execution of suitablepay system. This system acts as an aid in enhancing the performance of business and increase themotivation level of the employees at work. Rewards management is regarded as the motivationalpractice which the organization use for rewarding the personnel in order attain success. The firmis engaged in setting goals as well as make establishment of the rules for its personnel in order tocomply with so as to attain those targets. It ensure that personnel have clearly understanding ofthe goals, rules as well as rewards so that they can get higher performance. All the personnelcomplies with similar type of reward system. In the present era people have the tendency that they do not remain in the job for longerperiod of time. Every time a new employee is being recruited the firm is spending greateramount in recruitment as well as training which can have spent in any other activity. Bypossessing good reward system assist in keeping the personnel happy, as well as loyal towardsthe organization. This has greater role in increasing the trust of the employees towards thebusiness to a greater extent (Chang, 2016). The reward such as public recognition as well asadditional pay provides greater motivation to the personnel in working harder. There is greaterimportance of reward system. This is comprised of retaining the personnel. Along with this itoffers greater attraction for the new employees. Further the reward management has importancein avoiding the cost of hiring as well as training to the personnel. In addition to this it haseffectiveness in creation healthy working environment. Moreover it assist in encouragingpositive attitude as well as behavior. Thus the work performance can be carried in an effectivemanner. In accordance with the views of Rees and Smith, (2014) it has been assessed that rewardmakes the personnel more likely to seek for the advancement. This has greater effectiveness inincreasing the strength of the image of the organization. An important part of the procedure of4
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