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Impact of Employee Retention on Organisational Performance of Tesco

   

Added on  2023-06-05

14 Pages3767 Words139 Views
Research Proposal
Impact of Employee Retention on Organisational Performance of Tesco_1
Table of Contents
1.0 Introduction................................................................................................................................4
1.1. Introduction..........................................................................................................................4
1.2 Study background..................................................................................................................4
1.3 Problem statement.................................................................................................................4
1.4 Benefit of undertaking this research.....................................................................................5
1.5 Motivation.............................................................................................................................5
1.6 Research aim.........................................................................................................................5
1.7 Research questions................................................................................................................5
1.8. Research objectives..............................................................................................................6
2.0 Literature Review.......................................................................................................................6
2.1 Introduction...........................................................................................................................6
Concept of employee retention...................................................................................................6
Impact of employee retention on organisational performance of Tesco.....................................7
Determine the challenges faced by Tesco for retaining their employees....................................8
Recommend the employee retention strategies...........................................................................8
3.0 Research Methodology..............................................................................................................9
3.1 Introduction...........................................................................................................................9
3.2 Research philosophy.............................................................................................................9
3.3. Research approach...............................................................................................................9
3.4 Research strategy................................................................................................................10
3.5 Research choices.................................................................................................................10
3.6 Time-horizon.......................................................................................................................10
3.7 Data collection and analysis................................................................................................10
3.8 Sampling method and target group.....................................................................................10
3. 9 Ethical considerations........................................................................................................11
3.10 Research limitation............................................................................................................11
3.11 Time scale.........................................................................................................................11
REFERENCES..............................................................................................................................13
Impact of Employee Retention on Organisational Performance of Tesco_2
Impact of Employee Retention on Organisational Performance of Tesco_3
Research topic- Impact of employee retention on organisational performance.
1.0 Introduction
1.1. Introduction
Employee retention is one of the key goals of an organisation where they want to keep
productive and talented employees and workers in their business. It refers to the ability to reduce
employees' turnover or the number of individuals who leave the company over a particular
period of time (Mamorsky, 2022). It can be voluntarily and non-voluntarily in the organisation.
Therefore, the following research will analyse the impact of employee retention on the
performance of business. It will cover different challenges that can be faced by the organisation
when dealing the issue of employee retention.
1.2 Study background
Tesco is one of the largest retailers of consumer products from food to fashion. It offers
products such as bakery grocery, fresh food, bakery, baby products, entertainment products,
household appliances, clothing and many other consumer products. It also covers insurance,
consultancy as well as retail banking services. It indulges those goods and services which are
affordable, sustainable and healthy to the consumers. The company founded in 1919 by Jack
Cohen. The headquarter of this organisation established in Welwyn Garden City, Greater
London, United Kingdom (Tesco Plc: Overview, 2022).
1.3 Problem statement
Till present, Tesco has employed over 4,00,000 employees all around the world who
work in their office, stores customer engagement centres, distribution centres in the Europe, UK
along with Asia. The company is facing issue in retaining their talented and productive
employees who leave their job and work. Many challenges have been facing by the company
such as issues in hiring new employees, low employee productivity, suffer from lower morale,
additional expenses, miss out many sales opportunities and much more. It is important for the
organisation to retain their workforce so that all such challenges can be minimised (Taylor,
2022).
On the other hand, it is found that employees leave the organisation due to many reasons
such as they found lack of opportunities to improve their skills or abilities to do their work, toxic
work culture, high work pressure, no appreciation on hard work and many more. Thus, it is
Impact of Employee Retention on Organisational Performance of Tesco_4

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