Role of Human Resource Management in Reducing Employee Turnover: A Study on Boots UK Limited
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This research focuses on the role of human resource management in reducing employee turnover within UK retail industry with a study on Boots UK Limited. It covers the objectives, research questions, literature review, research methodology and data analysis.
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INTRODUCTION Background of research Human resource management is one of the important function of business as they focuses onrecruiting,selecting,offeringtraininganddevelopmentopportunity,appraisingthe performance of employees, motivating staff, deciding compensation and many other activities. They generally deal with procurement of human resources, maintaining of human resources and training and development. Human resource management generally helps in achieving the individual, societal and organisational objectives(Santhanam and et. al., 2017). The main role of human resource management within workplace is to manage the employees within workplace so that they can achieve the organisational mission and reinforce the culture. Human resource manager generally use skills and abilities of employees and also they build positive working environment for their staff so that they can contribute their productive outcomes. There are different roles and responsibilities of human resource management within an organisation such as human resource planning, job analysis and design, hiring candidate, training and development, designing workplace policies, monitoring performance and maintaining work culture. These roles and responsibilities helps in making business successful and competitive(De Clercq and et. al., 2020). In order to gain competitive advantage, it is important for human resource management to focus on improving the engagement level of employees due to which they work with dedication and contributes their best performance in achieving the goals and objective of business.Therearevariousstrategieswhichcanbeimplementedbyhumanresource management in order to reduce the turnover rate of employees are hiring right employees, constant training and team building activities, offering attractive benefits and incentive, open communication on career development, facilitating collaboration and many others. It is the responsibility of human resource management to boost the engagement level of employees so thattheyfeelhappyandvaluablewhileworkinginanorganisation.Humanresource management focuses on hiring talented employees within workplace who have an ability to give their full potential in achieving the task in effective and efficient manner(Kang, Gatling and Kim, 2015). The chosen organisation for this research is Boots UK Limited, it is a brand which deals in different industries such as pharmaceuticals, healthcare, beauty and photography.
Organisation was founded in 1849 by John Boot. The brand also have its retail website which helps in providing varieties of products and services to its customer. Aim To determine the role of human resource management in reducing employee turnover within UK retail industry: A study on Boots UK Limited Objectives To determine the role of human resource management within Boots UK Limited To identify the contributions of HRM in reducing the rate of employee turnover in Boots UK Limited To examine the ways that would be used by Boots UK Limited for retaining skilled and knowledgeable worker at workplace To evaluate the benefits of skilled and knowledgeable within Boots UK Limited Research Questions What are the roles played by human resource management within Boots UK Limited? How human resource management helps Boots UK Limited in reducing the rate of employee turnover within a workplace? What are the effective ways that Boots UK Limited would be used for retaining skilled and knowledgeable worker at workplace? What are the advantages of retaining skilled and knowledgeable employees within Boots UK Limited?
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LITERATURE REVIEW Literature review is a tool which helps in providing relevant information related to specific topic. It is generally demonstrate the knowledge and understanding of academic sources n order to avail accurate information. What are the roles played by human resource management within Boots UK Limited? As per the viewpoint ofGunkel and et. al., (2015),human resource management plays a vital role within an organisation as they manage the people efficiently and effectively in order to gain competitive advantage. Human resource management helps in maximising the performance of employees and also deal with the issues related to the performance management, safety, employee motivation, organisation development, compensation, etc. There are various benefits of human resource management within an organisation as they secure top talent, improve employee retention, helps in saving time and energy, conduct stronger on-boarding, etc. The motive of human resource management is to define organisational structure, build coordination between organisational departments, offer employee satisfaction and achieve organisational goals. Human resource management plays different roles within Boots UK Limited such as recruitment and employee screening, company benefits and compensation, employee relations, employee records, provide training and development, developing rewarding company culture and many others(Frolova and Lapina, 2015). Therefore, human resource department performs various duties and also they are responsible for helping staff to feel safe, properly supported and valued. Recruitment and employee screening: Recruitment and employee screening is one of the role of human resource management within Boots UK limited. In order to run business in smooth and effective manner, it is important for human resource management to acquire new talent. Human resource department focuses on hiring right talent who can give their productive outcomes in accomplishing the business goals and objective.They generally use wide range of tools for identifying the suitable candidate for the vacant job position such as background checks, interviews, digital assessments and checking references. By using these technique, human resource management focuses on protecting company culture and also reduces the risk of poor hiring. Performance evaluation:
Performance evaluation is another role which is played by human resource management within company. Through performance evaluation, human resource management focuses on meeting the management and employee needs. For human resource management, assessing the performance is one of the important task(Memon and et. al., 2018). They generally focus on implementing the techniques in order to collect the data for analysing and reporting back to employees. Human resource management ensures that the performance of employees must be remain on track in order to meet the standards of Boots. Provide training and development: Provide training and development is also a role which is played by human resource management within workplace. They generally provide training and development opportunity to their employees in order to enhance their skills and knowledge so that they can achieve competitive edge. By investing in employees, Boots can build loyalty and also reduce turnover rate of employees. Training and development programs helps in increasing the performance and productivity of employees due to which they can contribute in making business successful. Designing workplace policies: It is another essential role which is played by human resource management within an organisation. Human resource department generally focus on designing the workplace policies in order to reduce legal issues, reduce conflicts and and improve employee productivity. Thus, they design policies for protecting the interest of both employers and employees. The workplace policies mainly includes standard operating procedures, anti-harassment and non-discrimination, paid leaves, time tracking, employee attendance and meal & break periods. How human resource management helps Boots UK Limited in reducing the rate of employee turnover within a workplace? As per the opinion ofHuang and Su (2016),there are various strategies through which human resource management can reduce the rate of employee turnover within workplace. Through implementing these strategies, human resource management can make their employee feel happy and satisfied. The effective strategies through which human resource management can reduce the turnover rate of employees are as follows: Hiring right resources: Hiring right resources is one of the strategy which is implemented by human resource manager in order to reduce the turnover rate of employees. For hiring the right resources, human
resource management requires meticulous planning and preparation so that they can accomplish business project in effective and efficient manner(Ohunakin and et. al., 2019). It also helps in eliminating last minute hiring cost and maintain quality resource pool for avoiding future project bottlenecks. Reward and recognise employees: It is important for human resource management to reward and recognise the employees as it helps in reducing the turnover rate of employees. Human resource management of Boots Limited must focus on rewarding their staff according to their performance and efficiency so that they feel valued and appreciated within workplace. Reward and recognition helps in increasing the motivation and morale level of employees due to which they can contribute in making business successful. This strategy also increases the chances of employees to stay with company for long run. Boost employee engagement level: Boost employee engagement level is another strategy which is used by human resource management for reducing the turnover rate of employees. The higher engagement level of employees helps in lowering the turnover rate of staff. In order boost the engagement level, human resource management focuses on encouraging workers to participate in business activities and also they conduct social gatherings for building employee relations. What are the effective ways that Boots UK Limited would be used for retaining skilled and knowledgeable worker at workplace? According toCarlson and et. al., (2017),there are effective ways that Boots UK Limited can use for retaining skilled and knowledgeable worker at workplace. Through these ways, company can retain skilled and knowledgable employees who have potential to contribute better output. The effective ways through which Boots can retain highly skilled employees are regular training and team building activities, open communication on career development, facilitate collaboration, improving on-boarding experience, prioritising recognition, driving employee growth and facilitate collaboration. Regular training and team building activities: It is one of the strategy which is implemented by human resource management of Boots in order to retain expertise and knowledgable employees within workplace. Human resource department is responsible for providing constant training and conducting team building activities
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as it helps in facilitating learning and also strengthen the relationship within team.Through these activities, human resource manager ensures that their employees must remain up-to-date on latest trends and committed with entire company. Open communication on career development: Open communication on career development is another strategy which is implemented by human resource management for retaining highly skilled workers within workplace. It is the responsibility of human resource management to schedule open discussion related to the performance of employees in job, tools require for performing better, how staff can enhance their efficiency and productivity and also how they can achieve their goals by aligning with the plans for advancement within an organisation. Facilitate collaboration: Facilitatecollaborationisalsoastrategywhichcanbeusedbyhumanresource management in order to retain top performers within workplace. Human resource department generally encourages collaboration between the employees so that they can collectively work together for achieving the business goals and objective(Kampkötter and Marggraf, 2015). Through collaboration, Boots can increase the engagement level of employees and also make them satisfied while working. What are the advantages of retaining skilled and knowledgeable employees within Boots UK Limited? As per the perspective ofvan Den Heuvel and et. al., (2017),it is important for human resource management to highly skilled employees within workplace as it helps in improving the performance and growth of business. There are various advantages of retaining skilled and knowledgeable employees within Boots UK limited such as reduce cost, improved company culture, higher employee engagement, improved revenue and ROI, increase productivity and also improve customer experience. These are the advantages which can be gained by company while retaining skilled and knowledgable employees within workplace. Reduce cost: Reduce cost is one of the benefit which can availed by Boots while retaining skilled and knowledgable employees within workplace. Employee turnover is expensive, it is necessary for HR professionals to make their employees feel happy and engaged while working. For recruiting and on-boarding new employees, company requires lots of time and huge investment. When the
employees are inexperienced they can reduce the quality of customer experience due to which Boots can face severe loss. Improved culture of organisation: Improve culture of organisation is another benefit which can be gained by company in order to retain highly skilled employees. The culture of the company generally affects when staff leaves. The high retention rate can influence the performance and productivity of business. Thus, it is important for human resource management to engage and retain top performers so that they feel connected to their team, work and company culture. The positive company culture helps in celebrating employees, prioritise inclusivity and also leverage great benefits. Increase customer experiences: Increase customer experience is also a benefit which is gained by Boots while retaining top performers and knowledgeable employees within workplace. When company focuses on retaining highly skilled employees they makes them feel happy and dedicated towards the work (Karatepe and Kilic, 2015). The happy customer generally correlates with high engagement which leads to better customer service. Thus, the employees who stay with organisation for long run can also helps in solving the complicated problems which boost customer satisfaction.
RESEARCH METHODOLOGY Research methodology is a technique which is used by researcher in order to analyse the information and achieve the aims and objective of research. Through these tool, researcher can collect the relevant data as per their needs and requirements. The different tools of research methodologies are as follows: Research Philosophy: Research philosophy is one of the tool of research methodology gives certain set of beliefs and principles for gathering and analysing the data. There are mainly two types of research philosophy such as positivism and interpretivism. In this research, researcher will choose positivism philosophy as it helps in gathering numerical data which can be measured easily. The reason behind choosing positivism philosophy is that it focuses on evaluating quantitative information which can be easily compared and measured. It also helps in giving in- depth knowledge related to the particular topic. Research Approach: Research approach is another tool of research methodology which includes procedure and plans for connecting with investigation. Through using this tool, researcher can conduct testing on hypothesis and theories of particular research topic. Research approach helps researcher to make effective decision and also investigator can achieve the goals and objective in efficient manner. There are two forms of research approach such as inductive and deductive approach. Within this research, researcher will choose deductive approach as it used to evaluate and test the existing hypothesis and theories which are based on statistical data (VanKooten,2019). The motive behind choosing deductive approach is that it helps in using existing theories for analysing quantitative piece of data. Research Strategy: Research strategy is a technique through which relevant data is collected on specific topic. There are different kinds of research strategy such as case study, experimental, action research, observation, systematic literature review, etc. Under this research, the researcher will choose survey strategy as it helps in collecting the data according to the requirements of research. The reason behind choosing survey technique is that researcher can collect numerical and primary information and analyse the data in significant time period. A questionnaire will be designed in which close ended questions will be asked in order to carry out apt findings.
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Research Choice: Research choice is other tool which is used by researcher to determine the type of data required for completing the research. It is categorised into two parts such as qualitative and quantitative research choice. In this research, researcher will choose quantitative research choice as it helps in availing numerical and statistical information (Park, 2017). The motive behind choosing quantitative data is that it helps in collecting statistical information in less time. Thus, through choosing this research choice, investigator can assemble the numerical data in short period of time. Time Horizon: Time Horizon is a technique through which researcher can chive research aims and objective in shorter span of time. It is generally classified into two types such as longitudinal and cross sectional time horizon. In this research, researcher will choose cross sectional time horizon as it helps in accomplishing the aims and objective in effective and efficient manner. Therefore, time horizon tool helps in completing the research in real time situation. Sampling: Sampling is a tool in which few number of respondents are selected on the basis of random sampling method. There are mainly two types of sampling such as probability sampling and non-probability sampling (Rodrigues and Rosa, 2019). Under this research, the chosen sampling method is probability sampling as it helps in choosing right number of participant as per the needs and requirements of research. 30 participants will be selected from Boots Limited in order to collect the information. Data collection method: Data collection is another tool of research methodology that helps in facilitating the information according to the requirement of research. There are two types of data collection method such as primary data and secondary data. In this research, researcher will choose both the data collectionmethod. Primary method will be choose by researcher for gathering raw information related to specific topic. Secondary data collection method is used for collecting secondhandinformation.Inprimarydatacollectionmethod,researcherwillchoose questionnaire for collecting the information whereas for gathering secondary data information, researcher will use newspapers, publications, books, articles, journals, etc. Data analysis:
Data analysis is a technique through which researcher can evaluate and analyse the information in significant manner. It is mainly divided into two types such as thematic analysis and frequency distribution method. Under this research, researcher will choose frequency distributionanalysisinordertocollectnumericaldata.Throughchoosingthisanalysis, researcher can identify relevancy and accuracy of numerical and statistical data. Ethical consideration: While conducting research, ethics plays an important role as it helps in accomplishing the aims and objective of research in ethical manner. There are various ethical principles which must be followed by researcher such as not harming any selected respondent, confidentiality of personal information, informed consent and giving equal chance to each respondent (Flick, 2020). Validity and reliability: In order to conduct research in significant manner, it is important to maintain validity and reliability. For maintaining reliability and validity, researcher is conducting questionnaire in systematic manner. It helps in maintaining validity of the research by including various questions that helps in gathering numerical information. Reliability is maintained by the researcher by making participants aware about the benefits of conducting this research and determining the importance of each questions. Limitation: While conducting this research, researcher has faced various issues such as they face difficulty in formulating research aims and objective, implementing data collection method and also a difficulty is faced by researcher while collecting data related to previous studies in research area.
TIMESCALE Gantt Chart:It is a tool through which researcher can plan work so that they can meet deadlines and allocate the resources properly. For the current research, the Gantt chart is shown below:
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