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Managerial Research INTRODUCTION 1 Background and Objectives of the Study

   

Added on  2020-06-06

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Managerial Research

Table of ContentsINTRODUCTION...........................................................................................................................1Background of the study..............................................................................................................1Research aims and objectives......................................................................................................1Research question........................................................................................................................1Rationale of the study..................................................................................................................2Significance of the study.............................................................................................................2LITERATURE REVIEW................................................................................................................2Theme 1: Factors that may cause of high employee turnover....................................................2Theme 2: Impact of employee turnover on the effectiveness and performance of anorganization.................................................................................................................................4RESEARCH DESIGN AND METHODS.......................................................................................4Research design or type...............................................................................................................4Research approach.......................................................................................................................5Research philosophy....................................................................................................................5Data collection.............................................................................................................................5Sampling......................................................................................................................................6Data analysis................................................................................................................................6Reliability and validity................................................................................................................7Ethical considerations..................................................................................................................7Research limitations.....................................................................................................................8Timeline.......................................................................................................................................8Budget formulation....................................................................................................................10REFERENCES..............................................................................................................................11

Topic: To analyze the impact of high employee turnover on organizational performanceand success: A study on Rockpool restaurant INTRODUCTIONBackground of the study In the strategic business environment, firm can attain success only when it has highlyskilled and talented workforce. Further, in the service industry such as restaurant satisfactionlevel of customers are highly influenced from the type and quality of services offered bypersonnel. Thus, it is highly required for the business organizations to retain skilled and talentedpersonnel for long time frame. Australian Bureau of Statistics show that in restaurant, cafe andcatering industry turnover has increased by 9% which is not a good indicator of firm. Further,due to high turnover sales revenue of restaurant also declines by 8.6% respectively. It shows thatemployee turnover situation has high level of impact on the productivity and profitability aspectof firm (Turnover in the restaurant, cafe and catering industry rises amid growing costpressures, 2017). Thus, for getting the desired level of outcome or success it is highly requiredfor the firm to undertake effectual measure for making control on the situation of high employeeturnover. This proposal is based in Rockpool which is one of the leading restaurant chains ofAustralia (Rockpool dinning group, 2017). In this, proposal will shed light on the effect thatemployee turnover has on the effectiveness, growth as well as performance of Rockpool’s. Research aims and objectives Aim of the present study is to analyze the reasons due to which employee turnoverincreases and thereby affects the performance of Rockpool restaurant. By taking into accountsuch aim following objectives have been drafted which in turn helps in conducting study in theright direction. To determine the effects of employee turnover on organizational effectivenessTo identify the factors influencing employee turnover in the organizationTo find out the measures that would help retain the employees in the organization. Research question Does employee turnover affect the performance of the organization?1

Rationale of the study The rationale behind the conducting such investigation is to assess the influenceemployee turnover on firms performance. It is considered as major issue because it directlyaffects cost, productivity and profitability of firm. In addition to this, employee turnoverbecomes the major issue now because now large number of personnel in Australia is leavingorganization operated in restaurant sector including Rockpool. In this regard, such research studywill clearly present the causes due to which employee turnover increases. Besides this, it willalso depict the extent to which organizational effectiveness is affected from the aspect ofemployee turnover. Thus, such study will helps in assessing the ways through which situation ofemployee turnover can be controlled to the large extent. Significance of the study The present study and its outcome will offer benefit top several authorities such as suchas scholars, firms that are operated in retail sector etc. Moreover, now high employee turnover inrestaurant sector is the major issue that affects profit margin of firm and thereby growth ofeconomy. Due to this, scholars show their interest toward such topic to a great extent and layemphasis on conducting study on same. Thus, study on employee turnover and its related impacton firm’s performance will help other scholars in understanding research topic or area. Further,study will also helps Rockpool and other restaurants of Australia in taking suitable action forreducing employee turnover. LITERATURE REVIEW Literature review may be defined as a process in which researcher makes evaluation ofbooks and journals for getting deeper understanding about topic. By doing this, scholar preparesbrief thesis which in turn helps in developing better understanding about research topic or area. Theme 1: Factors that may cause of high employee turnoverAccording to the views of Huang and et.al., (2016) employee turnover implies for thenumber of workers who are leaving organization. In the business unit, it is highly required for theemployer to assess the reasons due to which situation of employee turnover arises. Moreover,without having information about such aspect it is not possible for the firm or manager toundertake strategic action for improvement. Wong and et.al., (2016) stated that culture of2

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