Impact of Employee Motivation on Profit of Tesco UK
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This research proposal aims to analyze the impact of employee motivation on the profitability of Tesco UK. It includes a literature review, research methodology, and proposed timescale.
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Contents TOPIC: Impact of employee motivation on the profit of Tesco UK...............................................3 INTRODUCTION...........................................................................................................................3 Rationale for the research............................................................................................................3 Research Questions......................................................................................................................3 Research aim and Objectives.......................................................................................................4 LITERATURE REVIEW................................................................................................................4 Research Methodology....................................................................................................................5 Research Philosophy:...................................................................................................................5 Research choice:..........................................................................................................................5 Data collection:............................................................................................................................5 Research instruments:..................................................................................................................5 Sampling:.....................................................................................................................................6 Data analysis:...............................................................................................................................6 Ethical considerations......................................................................................................................6 Proposed Timescale.........................................................................................................................6 REFERENCES................................................................................................................................7
TOPIC: Impact of employee motivation on the profit of Tesco UK INTRODUCTION Employee motivation is defined as organisational efforts to encourage, motivate and influence staff members so that objectives can be attained within given time period. Employee motivation is an important factor for an organisational success and growth at marketplace. For the present report, Tesco is taken into consideration. It is a British multinational general merchandise retailer which was founded in year 1919 and headquartered in England, United Kingdom. The main objective of study is to analyse the impact of employee motivation on the profitability of retail industry in UK. Rationale for the research The main reason of conducting the study is to analyse the impact of employee motivation on the profit of Tesco. The present study will be beneficial for various stakeholders that is organisation, researcher and students as well. In context to organisation, it help them to develop effective strategies in order to enhance employee motivation which further leads to increase in performance, high profit, attainment of competitive advantage and so on. On the other side, it helps researcher to know about retail industry and how the employees get motivated which will further assist investigator in professional context. In the previous studies, there is a discussion about concept of employee motivation along with its importance. Along with this, it also consists of information regarding strategies used by companies for motivation employees but it lacks data about the impact of employee motivation on the profitability of retail industry. In order to fulfil this gap, some research questions were developed which are as follows: Research Questions What is the influence of employee motivation on the profitability of Tesco? What are the strategies adopted by Tesco for enhancing employee motivation within the organisation? The given research topic is important as it help researcher to improve and learn various skills such as data analysis, data collection, communication skills, time management and so on. In
addition to this, it will also help researcher to conduct future studies in more effective and systematic manner. Research aim and Objectives “To analyse the impact of employee motivation on the profitability of retail industry in UK”A study on Tesco Research Objectives:To identify the concept and significance of employee motivation within an organisation.To identify the influence of employee motivation on the profitability of Tesco.To examine the strategies adopted by Tesco for enhancing employee motivation within the organisation. The two key aspects of research are given below: Employee: Employees are the asset of an organisation and is one of the main reason for organisational growth and success. It help company to execute activities an enhance productivity in an effective manner. Employee motivation: It is basically the level of commitment, energy and creativity which an organisation’s employees brings to jobs so that they can meet with the targets within a set time period. LITERATURE REVIEW Concept and significance of employee motivation within an organisation. As per the viewpoint of Rina (2019) Employee motivation is defined as a strategy that is used by an organisation with the objective to influence and motivate staff members to work with full potential and attain objectives. Along with this, it plays and important role as it help company to enhance productivity and efficiency, maintain performance level, improve brand image, execute activities effectively and many more (Employee motivation,2019). Furthermore, it also allow an organisation to satisfy and retain employees for longer time period that is important for growth and success of company at marketplace.
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Influence of employee motivation on the profitability of Tesco According to the view of Claire Woodbridge, 2020 employee motivation is important for inducing enthusiasm for employees in order to improve their working and work towards the directionoforganisationalobjectives.Anorganisationperformsbetterifhavemotivated employeesintheworkplace.Appropriatetechniquesofmotivationisimportantforthe satisfaction of employees and to ensure employee retention in long run. Employee engagement and continuous motivation is highly crucial to develop effectiveness and ensure efficiency in the working of their job roles (The importance of motivation in the workplace, 2020). Tesco highly focus on maintaining interaction with its employee and ensure employee engagement on a regular basis. It keeps their employees motivated through methods of monetary and non- monetary benefits which ensures their efficient and improved performance. Strategies adopted by Tesco for enhancing employee motivation within the organisation As per the view of Lauren Dellarocco, employee motivation strategies are tactics which are adopted by an organisation to attain efficient engagement of employees. Tesco aims to achieve maximum satisfaction and retention of its skilled and competent employees through adopting both monetary or non-monetary techniques. The non-monetary techniques that it adopts includes the factors of effective communication which states that it considers their opinions and provide constructive solutions to their grievances (Top Employee Motivation Strategies, 2021). Also, it lays emphasis on inducing participation of employees in decision making and considers their concerns and suggestions. The monetary techniques that it adopts includes timely appraisals based on performance as well as offering promotion accordingly. Moreover, it also ensures providing relevant perks in its salary structure of employees. Research Methodology It is defined as one of the significant part of research methodology that includes all the techniques as well as tools that is used by researcher in order to conduct study. The research methods that will be used to conduct present study is given below: Research Philosophy: It is basically referred as the set of beliefs and assumption which is adopted by investigator to collect data regarding the topic. It is mainly of two parts that is positivism and interpretivism.
With reference to present study, Positivism as a research philosophy is effective and valuable (Ghosh and Guchhait, 2020). One of the main advantage of using this is it help in collecting quantitative data within less time and cost. On the other side, it is associated with some disadvantage which is it search for ideal standards and includes analysis which is too unrealistic. Research choice: It is one of the important part of an investigation that is mainly of two types that is qualitative and quantitative. For the present study, quantitative research choice is appropriate and effective. One of the main advantage of using this is it help in collecting that is based on facts and figures and is in numerical form. On the other hand, it is limited to statistical relationships that can lead investigator to overlook broader themes. Data collection: The procedure which is adopted by investigator with the objective to collect and using information is referred as data collection. It is divided into two types that is primary and secondary. In relation to present study, primary data collection method will be applied as it help in gaining in-depth knowledge about topic and is include collection of information directly from the source which is one of its advantages(Mruck and Mey, 2019). On the other hand, it include high time and cost to researcher that has negative impact on research outcome. Research instruments: It is referred as the techniques which is adopted and applied by researcher to gather information. The different research instruments are questionnaire, observation, interview, focus group etc. With reference to present study, questionnaire will be used as it help in collecting primary data directly from the source that further leads to development of valid and reliable conclusion. Sampling: The process which is applied by research worker for selecting the appropriate sample size from the total population in order to conduct study. The two types of sampling are probability and non-probability sampling(Messineo et. al., 2021). In context to present investigation, random sampling which is a part of probability sampling is taken into consideration. The 30 employees of Tesco is chosen on random basis and the main reason to select employees is they
have knowledge about ground workings of company and can provide appropriate knowledge to researcher. Data analysis: It is defined as analysis of collected information with the objective to develop effective findings. It is mainly of two types that is frequency distribution analysis, thematic analysis and so on. With reference to present investigation, frequency distribution analysis is appropriate. One of the main advantage of using this is it help in analysing primary data and also assist to develop meaningful findings. On the other side, it does not include the individual data because of which researcher need to rearrange data properly. Ethical considerations It is important for researcher to follow all the ethical principles as it assist to conduct study withoutanyissuesanddelays.Thevariousethicalprinciplesareinformedconsent, confidentiality, anonymity and so on(Teo, 2021). In context to the present study, a consent sheet will be signed by respondents and an appropriate knowledge is given to them about the research objectives. Moreover, the collected data is only access by researcher that ensure the information collected from respondents is secured. Proposed Timescale Gantt chart is defined as a project management tool which illustrates each and every activity related to investigation against time period. Along with this, it include starting and ending activity of every activity that help researcher to attain set objectives timely and effectively, which are as follows:
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REFERENCES Books & Journal De Sousa Sabbagha, M., Ledimo, O. and Martins, N., 2018. Predicting staff retention from employeemotivationandjobsatisfaction.JournalofPsychologyinAfrica,28(2), pp.136-140. Hanaysha, J.R. and Majid, M., 2018. Employee motivation and its role in improving the productivity and organizational commitment at higher education institutions.Journal of Entrepreneurship and Business,6(1), pp.17-28. Ochola, G.O., 2018. Employee motivation, An organizational performance improvement strategy (A review on influence of employee motivation on organizational performance).JOJ Sciences,1(5), pp.120-125. Ghosh, S. and Guchhait, S.K., 2020. Literature Review and Research Methodology. Laterites of the Bengal Basin, pp.17-31. Mruck, K. and Mey, G., 2019. Grounded theory methodology and self-reflexivity in the qualitative research process. The Sage handbook of current developments in grounded theory, pp.470-496. Messineo, P.G., Dubois, C.M.F., Politis, G.G. and Vitale, P., 2021. Site formation process and megamammalboneradiocarbondatesinCampoLaborde(PampasofArgentina): Contribution towards a research methodology. Quaternary International, 586, pp.53-65. Teo, T., 2021. “Doing justice” in psychological methodology: from science and experiments to anecdotes. New Ideas in Psychology, 61, p.100854. Husain, H.S., 2019. Philosophical Reflections on Research Methodology for Social Sciences. Beytulhikme: An International Journal of Philosophy, 9(3). Online Employeemotivation,2019[Online]Availablethrough; https://www.economicsdiscussion.net/human-resource-management/employee- motivation/employee-motivation/32360 Theimportanceofmotivationintheworkplace,2020.[Online].Availablethrough: <https://www.penguins.co.uk/incentive-travel-blog/the-importance-of-motivation-in-the- workplace>