Effect of Minimum Wage on Employees' Wealth in Retail Companies: Case Study on Tesco

Minimum wage

Executive summary
This study is carried out through qualitative data analysis to identify an effect of minimum level
of wage on employees’ wealth in context of retail companies. It is very vital to have right
balance of the wage rate for smooth running of an economy.

Executive summary.........................................................................................................................2
INTRODUCTION...........................................................................................................................4
Background..................................................................................................................................4
Aim & objectives.........................................................................................................................4
Rationale......................................................................................................................................4
Literature review..............................................................................................................................4
RESEARCH METHODOLOGY....................................................................................................6
DATA ANALYSIS.........................................................................................................................7
FINDINGS.....................................................................................................................................11
Recommendations..........................................................................................................................11
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13
APPENDIX....................................................................................................................................14

INTRODUCTION
Title- To identify an effect of minimum level of wage on employees’ wealth in context
of retail companies: Case on Tesco
Background
In the rent years around 3 million people or workers in the Britain are been receiving pay
rise of 4 times higher than the inflation rate from the month of April, after government said that
it will increase an official minimum amount of wage. The present report is based on Tesco,
largest retailer of UK with big superstores and the grocery shops. Furthermore, the report
highlights in depth review of the research problems along with applied methodologies.
Aim & objectives
Aim
To investigate influence of the system of minimum wage on the workers particularly in retail
segment organization: Case study on Tesco
Objectives
 To understand concept of the minimum wage
 To review the significance of minimum wages at the workplace
 To determine potential effect of wage rate system on the working of employees
 To recommend the ways in which the firm can improve its minimum wage system
Rationale
The reason behind this study is to assess effect of the minimum wage on the financial
state and living of workers as this has been seen as critical issue that is been faced by majority of
retail companies in UK.
Literature review
As per Cengiz and et.al. (2019) system of minimum wage referred as the lowest amount
of wage provided to the workers per hour in accordance to mandate by the federal law. It seems
as the legally set price floor which is required to be paid to employees based on the hourly basis