Salaries and Productivity Assignment

12/21/2017
Student Name
EFFECT OF RAISING SALARIES TO
THE PRODUCTIVITY OF THE
WORKERS

Salaries and Productivity
Contents
Brief Introduction............................................................................................................ 1
Background and Statement of the Problem.............................................................................. 2
Research question or hypothesis, aim, and objectives.................................................................2
Study design................................................................................................................... 3
Study population and sampling............................................................................................ 3
Research methods and instruments....................................................................................... 4
Qualitative Data collection.............................................................................................. 4
Quantitative Data collection............................................................................................ 4
Data analysis methods.................................................................................................... 5
Mechanisms to assure the quality of the study..........................................................................5
Research Study Period...................................................................................................... 5
Data collection – 3 Weeks............................................................................................... 6
Data analysis – 2 Weeks................................................................................................. 6
Research report and Finding - 2 Weeks............................................................................... 6
Participants in the study..................................................................................................... 6
Ethical considerations....................................................................................................... 7
Resources required for the study, including budget if applicable...................................................7
Conclusion..................................................................................................................... 8
References:.................................................................................................................... 8
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Salaries and Productivity
Brief Introduction
Globalization has resulted in increasing the demand for professional and skilled employees. This
has resulted in effectively turning the tables in favour of the skilled professional who has a wider
verity of opportunities to search for employment. On the other hand, this has resulted in placing
considerable pressure on businesses and organisations to adopt friendly Human resource
management strategies so as to remain employee confidence and reduce employee turnover rates
(Rao, 2004). Skilled and experienced professional retention has become an important area of
focus for many organizations and businesses today resulting in many organisations revising their
HRM policies to favour employee needs and expectations.
Background and Statement of the Problem
Globalization has seeing more companies move from one country to the other. The most recent
surge of brand and business migration has been observed in Asia. This is due to the low cost of
manufacturing and the abundance of skilled professionals which allows brands to manufacture
and deliver their products at the lowest cost possible which makes them more competitive on the
global markets. This has resulted in a sudden increase in demand for skilled labour in all
industries which has also resulted in companies offering more salaries and facilities to their staff
so as to retain them (Rao, 2016). The research paper shall explore raising salaries is the sole
factor which influences productivity or whether there are other elements which contribute to the
business productivity and employee retention rates. Currently it is known that salaries and pay
hikes do influence performance but it has been limited to short term bursts. This report intends
on exploring other factors which can be used to boost performance over long term perspectives
thus ensuring organisation register the lowest turn over. Performance cannot be limited to
financial increment only and the skilled professionals also need to consider other aspects such as
facilities and policies which contribute to comfort and security at the workplace. This research
will investigate and highlight areas and aspects which can be used to promote performance with
the sole objective of increasing employee retention rates.
To secure a clear understanding regarding this we shall be analysing
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Salaries and Productivity
Becker, B. and Gerhart, B., 1996. The impact of human resource management on organizational
performance: Progress and prospects. Academy of management journal, 39(4), pp.779-801.
Brian and Barry provided an in-depth discussion on the influence of human resource
management on organisational performance in a rapidly changings environment. The research
paper focuses on how human resource and skilled professionals are using their skills to mould
organisation policy which has a direct effect on organisation performance. As more organisations
are established the demand for qualified skilled professionals is increasing thus delivering a
better opportunity for skilled professionals to depend for better facilities and policies.
Delaney, J.T. and Huselid, M.A., 1996. The impact of human resource management practices on
perceptions of organizational performance. Academy of Management journal, 39(4), pp.949-969.
Delaney and Huselid have used data collected from the 590 profit non-profit national
organisation survey to develop design a research paper highlighting important guidelines linked
to human resource management on employee performance. A collection of data from the US
department of Labour and Peters and Waterman’s (1982) the duo are able to design a report
touching important factors influencing performance among employees.
Both the studies will deliver a different perspective related to boosting employee performance
thus allowing for a well research and constructed research paper to be developed touching on all
important topics.
Research question or hypothesis, aim, and objectives
The research paper aims to answer whether raising Employee salary improves productivity and
Retention rates among workers?
Companies are today hiding employee salaries as a strategy to increase their productivity and
employee retention. Maybe this strategy ought to theoretically correct but there are other factors
which also influence and contribute towards employee productivity and retention. The research
paper shall explore the effects of salary increments on productivity and also propose other areas
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