Impacts of Staff Motivation Schemes on Employee Retention in Mark & Spencer
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This report analyzes the impacts of staff motivation schemes on employee retention in Mark & Spencer. It covers aims and objectives, research methodology, literature review, and recommendations for M&S to improve employee retention and motivation.
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Contents Contents...........................................................................................................................................2 INTRODUCTION...........................................................................................................................3 LITERATURE REVIEW................................................................................................................4 Chapter Three: RESEARCH METHODOLOGY.........................................................................10 Research Approach....................................................................................................................11 Research Strategy......................................................................................................................11 Research methodology...............................................................................................................11 Research Tools...........................................................................................................................12 Sampling....................................................................................................................................14 Identify population and research site.........................................................................................14 Sampling strategy......................................................................................................................14 CHAPTER FOUR: DATA ANALYSIS.......................................................................................14 DATA INTERPRETATION.........................................................................................................16 Chapter Five: Conclusion, Recommendations, Implication for further research..........................23 Conclusion.................................................................................................................................23 Recommendations......................................................................................................................23 Implications for further research...............................................................................................24 REFERENCES..............................................................................................................................25
INTRODUCTION Research is the creative and systematic work undertaken to increase the stock of knowledge and managing all functions. To conduct a research there is need to understand the topic clearly and develop thoughts to attain positive outcomes. In other words, research is the creation of new knowledge and use of existing knowledge in a new and creative way which can help to generating new concepts, and methodology. The present report is based on impacts of staff motivation schemes which is used to to employee retention that supports to improve business productivity and profitability. Employee motivation is the level of energy, commitment, and creativity where organization's employees brings to their jobs. Employees are the assets of organization who understand the goals and give their contribution to complete the goals and objectives. The present report covers case study of M&S that is large retailing organization, selling different types and design of clothes and home products which supports to develop organizational productivity. This involves aims and objectives, research methodology, literature review, and others by conducting research properly. Research Aims and Objectives Aims The aim of this research is the analysation of employee retention in Mark & Spencer and how it is impacted by staff motivation. Objectives To develop understanding about the concept of employee retention and motivation. To understand the importance of employee retention within Mark & Spencer To analyse how staff motivation impacts employee retention in the context of M&S. TorecommendstrategiestoM&Swhichcontributesinemployeeretentionand motivation. Research questions Q1. Does staff motivation concept help in employee retention for M&S? Q2. What are the ways in which employee retention effective for M&S? Q3. How staff motivation impacts on employee retention in context of M&S? Q4. What strategies to M&S could be used to contribute in employee retention and motivation?
Rationale Employee motivation is the main practice which is used by organization to satisfy their staff and develop business performance. This is most important for company to understand employee's demand and put efforts to resolve all issues. If employees are not motivated and satisfied then it will be challenging for company to operate their business. The reason of conducting present research is to know importance of employee motivation schemes and strategies which can be used by management to motivate and retain their staff for long period of time. This report will help to develop understandings and knowledge about staff motivation in context to personal and professional aspects. To develop personal knowledge, researcher will develop their communication, management, and interpersonal skills which can help to improve performance. In context to professional, it helps to improve knowledge about motivation and retention which is used to complete business activities and functions at the workplace. LITERATURE REVIEW To develop understanding about the concept of employee retention and motivation. As per view point ofEisend(2019), Employee retention is the activity of people attraction and retaining people at the workplace which supports to develop the organizational performance. This is important for an organization to understand what is happening around and how to get people work in an organization. If employees are enough motivated and satisfied then would be an opportunity to retain people in organization and gets work done. Motivation is the continuous process that used to initiate, guide, and maintain goal oriented behaviours which can help to develop business activities. This reflect something is unique that allows people to gain valued outcomes by improving organizational performance. In relation to M&S, management mainly focuses on the employee retention level and strategies which are used to operate a business effectively. This is the part of business planning formulated by management for the purpose of arranging people and get work done effectively. This is the part of strategy which is used by management to bring changes by reducing risk and putting efforts. Employee retention is the key of meeting to organizational success by engaging people in survey and managing all functions effectively. The management states that an organization should be focus on theory and factor of motivation which uses to creating satisfaction level and attain higher productivity. The motivation theories are used by chosen organization to create job satisfaction between people
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and attaining higher performance. This is a pathway which is used to change way of thoughts, feeling, and behaving in order to complete the work and develop business activities. To understand the importance of employee retention within Mark & Spencer. According toDaniel(2018), Employee retention refers to ability of an industry to retain its employees and managing work properly. The organization should have proper understanding and knowledge about happenings and needs of people who ready to work collectively. This is important for an organization to understand what their staff wants and how they could be satisfied by organising and managing work properly. If there is lack of motivation and retaining power then would be challenging to operate their business. In relation to M&S, importance of employee retentions is defined below: Cost reduction –The profitability and productivity of an organization mainly depends on cost and its related activities which is used by business management for the purpose of developing business. An organization needs many people who have good knowledge and skills to perform their functions and activities. Employee motivation and retention is the main activity that uses by organization for the purpose of arranging and managing people at the workplace that leads to cost reduction. In relation to M&S, having good employees and motivation is used by management which can help to retain people for long period and reduce the cost in selecting and recruitingnewemployeesthatcreateshighercost.Moreover,toprovidetrainingand development programme to staff is another cause of increasing cost which could be control by managers by retaining people for long period. Morale Improvement –Employee morale is defined as practices to satisfaction, outlook, and feelings of well-being where people ready to work continuously. Employees are those people who gets ready to work and manage the functions properly. This is important for each organization to understand what their staff wants and how they could be satisfied so that employees could improve their morale and satisfaction level. In relation to M&S, management is having major role as it understand needs of their employees and fulfil them effectively which can help to develop business activities by improving morale. Recruitment and training efficacy –Whenever there is vacancy in the organization management are responsible to recruit the skilled and talented people who could understand the work and contributes to complete the business activities. This is important for management to understand how people would be satisfied and manage their functions in changing environment.
This can help to bring changes in existing activity and attain the higher performance. In relation to M&S, management identify the vacant position and uses retention and motivation practices to develop business performance by filling vacant position and recruiting skilled people who participatesto organizationalgoalsthrough bringingchangesand accomplishingbusiness performance. Employee motivation is used to influence and attract the applicants and give them opportunity to work continuously that supports to develop business performance. Better customer experience –For an organisation customer experience matters a lot which is used by managers to attain higher performance and productivity. This is important for organization to focus on motivation and retention as number of people visit the stores and make buying decision that leads to good customer experience and maintain good performance. In relation to M&S, better quality of customer experience is being provided by management which can help to accomplish and attain their goals. The manager of company is those people who identify requirements and put their efforts to complete the business activities. The person should have proper knowledge and skills which uses by managers of make feel comfortable and develop organizational productivity. Improved corporate culture –The culture of organization is needed for people who works collectively and manage the performance. It has been seen that culture of employees is different as they belongs to other country and place that could create challenge for organization to arrange and manage the work properly. This is important for a business industry to create a corporatecultureand mannersat theworkplacethatcan helpto developorganizational performance by retaining people for long period. In relation to M&S, having different culture and values could be challenging for management to operate their business regularly so that training and development programme provided to people which leads to higher employee retentionandmotivationeffectively.Thiscanhelptodevelopbusinessactivitiesand performance by managing all functions and satisfying people. Increased revenues –Employee motivation and retention is the process of satisfying people and retaining for long period that supports to develop organizational performance. An individual should have proper information and knowledge to understand what their employees and customer wants and how they could be satisfied so that products and services are provided accordingly. It can be said that company can improve their performance by bringing changes and
calculating the cost of employee replacement. In relation to M&S, all functions and activities are managed by following motivation and retention practices that help to increase business revenues. Improve employee engagement and satisfaction –A positive employee experience can boost employee engagement as it create level of connection and dedication by managing all functions as well as activities. This is important for an organization that their staff should be engage in each task and function as it supports to develop business productivity. In relation to M&S, employee retention is needed as it used to retain people for long period of time and developorganizationalperformance.InrelationtoM&S,employeeengagementand commitment is needed between people as it bring changes and get ready to work well. Employee feels good and comfortable if all functions and activities are properly managed which supports to develop organizational productivity. From the above it can be explained as employees retention is the key of improving business performance and manage the activities. The people who ready to work continuously have focused on motivation and retention power which is used to bring changes and higher productivity. To analyse how staff motivation impacts employee retention in the context of M&S. As per opinion ofDaniel(2018), Employee motivation is explained as enthusiasm, energy level, commitment, and amount of creativity that an employee bring to the organization on daily basis. In an organization number of people works collectively by sharing their information and data as it supports to develop business activities. The meaning of employee motivation is all about how engaged an employee feels in tandem to company's goals and how empowered they feels. This is important for an organization to understand how their employees will be satisfied and manage the work properly so that decisions are taken accordingly. The impact of employee motivation on retention within M&S is defined below: Organise different activities and events at the workplace –Employee motivation is most important for an organization as it suggest how different business activity are going on and manage the performance. In relation to M&S, human resource management is having major role as it understand needs of employees and manage all functions properly. The company needs to organisedifferentactivitiesandeventsattheworkplacewhichsupportstodevelop organizational performance.
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Ownership of work only comes through motivation –It has been seen that motivation is the important activity and function which is provided by employer to their employees by understanding their needs and satisfying the people. This can help to bring changes and higher performance at the workplace. In relation to M&S, motivation is needed between people as it supports to bring ownership at the workplace and increase business performance. This also helps to maintain higher productivity and profitability in business industry. Appraisals are important to motivate the employees –Whenever employees are able to perform well and accept challenges then it is important that appraisals should be provided to staff so that they feel good and gets ready to work continuously. For each employees motivation is important which is provided by employer by analysing their existing performance. This can help to improve business performance and productivity by giving appraisals to employees for their well performance. In relation to M&S, human resource management is having major role who used KPI tool to measure employee's performance and supports to retain skilled and talented people at the workplace. Make feel comfortable to staff– Employee motivation is the practice which is used by company to retain their existing staff and engaged in all activities. This is important for an industry to analysis the employee's activities and give their opinions to develop business performance. In relation to M&S, staff motivation impacts positively on retention as it brings changes in existing work and make feel comfortable to people which supports to improve business performance. Incentives, perks, cash prizes are a good way to motivate the employees –To motivate employees, management needs to focus on incentives, perks, and cash prizes which is the good way to motivate and retain staff. This is important for M&S, to understand needs of employees and provide them incentives, cash prizes, and perks that boost their morale to work and supports to develop organizational productivity. This also helps to manage the business activities by managing changes and accomplish business goals. From the above it can be explained employee motivation is essential task for each organization which is used by managers to increase morale and develop business performance. The employees are main assets of organization as they understand organizational goals and contributes to business productivity and profitability. M&S is the large size cloth retailing organization where number of people works collectively by bringing changes and managing
business performance. The human resource management is responsible to influence and attract employees as they understand needs and put efforts to satisfy them which can help to increase retention activity and supports to attain business goals. The management requires to bring changes in their existing performance and manage the overall activities, which supports to develop organizational productivity and profitability. To recommend strategies to M&S which contributes in employee retention and motivation. As per opinion of ….. employee retention and motivation is the important activity which is used by management for the purpose of motivating and retaining people at the workplace. If all functions and activities are properly managed then it will be opportunity to grow their business and attain higher performance. The strategies to motivation is kind of planning which formulates by management for the purpose of motivating and retaining people at the workplace. Without motivation it could be difficult for company to attracts and retain their staff for long duration asit affectedbusinessperformance.In relationto M&S, schemesto employee motivation and retention are used by management to improve business performance that are as explained below: Providing positive forms of feedback –This is important strategy which is used by organization to influence and motivate their employees at the workplace. To improve the business performance and activities, there is need to focus on feedback which can help to bring changes and maintain higher performance. In relation to M&S, HR management should follow this strategy by providing feedback forms and accomplishing business goals which supports to develop organizational performance. Create strong relation of the business with the employees –While working in an organization it is important for management to create good relations with the employees as it helps to manage all functions and attain competitive advantages. If there is good relations between business and employees then it will be opportunity for organization to grow their business and attain competitive advantages. In relation to M&S, management make the use of motivation strategy by creating strong relation between business and employees which supports to accomplish business goals and productivity. Creating a positive working environment –The working environment is the main factor which is used by organization to make feel comfortable to their staff and develop business performance. If there is good and creative working environment then would be great opportunity
to grow their business and maintain higher performance. In relation to M&S, management should create positive working environment by following positive working environment which support to make feel good to people and develop organizational productivity. Training and development –Due to culture difference and accepting changes at the workplace could be challenging for organization to operate their business where it became important to provide training and development program to their staff which can help to manage allbusinessactivitiesclearly.InrelationtoM&S,managementshouldunderstandthe requirement of training and put efforts to provide training program which can help to develop organizational performance and productivity. The person should have proper knowledge and skills which can help to manage all activities andfunctions as it supports to build employee's confidence and retain people for long period. Fulfilment of employee's needs and wants –For an organization it is important to increase the level of motivation and retention by fulfilling employee's needs and make feel them important part of organization. In business organization number of people works collectively where it became important for organization to understand needs and fill it. In relation to M&S, management are recommended to follow such strategy by filling employee's needs and wants which supports to develop business productivity and profitability. Recognitions and rewards –This is another strategy and planning used to create awareness and giving rewards to their employees by managing all functions and activities. This is important for business organization to recognise their staff and give rewards for their well performance which can help to develop organizational performance and productivity. In relation to M&S, management should follow this strategy by recognising ability of their staff and give rewards that can help to improve business productivity and retain people for long period. Chapter Three: RESEARCH METHODOLOGY Research methodology refers to collection and analysis of data so that the investigator can reach at meaningful results. It is a step by step process wherein data is collected, analyzed and interpreted in an efficient manner.To conduct a meaningful study, appropriate research methodology is highly important. Ample of points are covered in research methodology in terms of research approach, strategy, methods of data collection and more(Eisend and Kuss, 2019). To collect data, there are various sources can be used. Apart from this, it is also vital to use ethical
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practices in order to accomplish the research in significant manner. In this context, the various steps of collecting and analyzing the data are mentioned below: Research Approach It is an essential part of research methodology so that the researcher can collect significant amount of data on a specific topic. It is regarded as a systematic procedure where ample of steps are included from assumptions to data collection, interpretation and analysis. Research approach is a philosophy or belief on a particular phenomenon. Selection of an appropriate research approach is important to complete the project work in timely manner. Inductive and deductive are the two research approaches. Inductive approach is based on development of a new rather than continuing with the existing approach. On other side, deductive approach is related to using numerical information to analyze the existing theory in an efficient manner(Daniel, Kumar and Omar, 2018). Out of the two approaches, deductive approach has been select in current context as it will help in evaluating the existing theory by numerical approaches so that appropriate research outcome can be gathered in an efficient manner. With this, it is possible to analyze large amount of data by using quantitative & numerical tools significantly. Research Strategy Plans are prepared during the research strategy so that adequate amount of data can be collected. A step by step plan is prepared with an aim to provide proper guidance to the investigator to attain the research goals. In this regard, different type of research strategies like case study, survey, observation and more can be used(Worthington and Bodie, 2017). In current context, survey research strategy has been selected as it is helpful in collecting wide amount of informationfromrespondents.Surveymakesitpossibletopersonallyinteractwiththe participants so that the investigator can develop significant knowledge on the given topic. Research methodology A procedure that is applied to collect, analyze and interpret the information is known as the research methodology. This is one of the crucial sections of research study through which, it is possible to check the reliability and authenticity of research study. Two widely used methods of research are given below: Quantitativemethodology:Thisresearchmethodologyreferstothecollectionof numerical data and information.Statistical techniques are used here to analyze and make
interpretation out of available data & information. Due to the application of statistical tools, it is possible to get authentic results in an efficient manner(Ndlovu-Gatsheni, 2017). It enhances the overall reliability & validity of research study and further help in drawing meaningful outcomes. Here, main focus is on measurement of numeric data through questionnaire, case study etc. Qualitative methodology:In-depth and detailed information is gathered here to complete the research study successfully. While collecting the information, researcher and participants both c can interact with each-other. This method is significant in order to develop significant knowledge on a particular topic(Clandinin, Cave and Berendonk, 2017). Apart from the relevant information, it is possible to collect some additional data through body language and response of the participants. Case study, group discussion , focus group are some major sources of qualitative data collection & analysis. Out of the two methodologies,quantitative methodshave been chosen in current context. It is because of high reliability and authenticity due to the use of statistical & numerical techniques. Here, quantitative method has been implemented so that the data gathered through questionnaire can be analyzed appropriately. Research Tools In research, tools are the instruments which are applied for data collection & interpretation. Using appropriate tools is important in order to explore the existing field of study in an efficient manner. Through research tools, it is possible to collect both primary as well as secondary information.Forthispurpose,differentresearchtoolsarecasestudies,questionnaires, interviews, survey etc(Coombes and Ryder, 2019). For completion of present research work, a questionnaire has been developed so that vast amount of information can be collected from respondents on the given topic. Questionnaire is one of the significant tools to get reliable & authentic primary information by recording response of various participant. Questionnaires Q1: As per you point of view, Do you have any knowledge regarding staff motivation and retention? YES NO Q2. What are the ways in which employee retention effective for M&S?
Cost reduction Morale Improvement Recruitment and training efficacy Better customer experience Q3. How staff motivation impacts on employee retention in context of M&S? Organise different activities and events at the workplace Ownership of work only comes through motivation Appraisals are important to motivate the employees Make feel comfortable to staff Q4. What strategies to M&S could be used to contribute in employee retention and motivation? Providing positive forms of feedback Create strong relation of the business with the employees Creating a positive working environment Q5. Does staff motivation concept help in employee retention for M&S? True False Q6.Baseduponyouviewpoint,whatarethedifferentadvantagesofimplementing motivational techniques within workplace? Minimise staff retentions Low down staff absenteeism Developed staff performance Q7. What are the various difficulties tackled through organisation in absence of staff motivation strategies? Lower expectations for success Reduce work productivity Minimise task performance Q8. Any Suggestion?
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Sampling During sampling, the appropriate units are selected to make an analysis regarding the entire population. The main rational behind sampling is to divide the entire population in order to get certainunitstorepresenttheentirepopulationofresearchstudy.Appropriatesampling minimizes the efforts of researcher as they are require to collect the information from the entire population. Through statistical methods, appropriate number is selected to create sample. While creating the sample, it is required to give fair chance to each and every unit to become a part of sampling(Ratnam, 2019). Probability and non-probability sampling are two major approaches of sampling. Out of these two methods, probability sampling is used here to make fair selection. This will help in attainment of research goals and objectives in an efficient manner. Identify population and research site Population refers to the group of various people from whom data will be gathered to conduct future research. During the project, it is quite difficult to consider the entire population as it will require huge time & cost(Vodenko and et. al., 2018). For this purpose, researcher collects data using samples so that meaningful inferences can be made. Sampling strategy To attain the research goals, it is important to select an appropriate sampling strategy. Effective sampling strategy helps in including appropriate units in the sample so that the investigator can make valuable inferences. There are ample of sampling strategies can be used by the researcher. The present study is based on probability sampling strategy where equal and fair chance has been given to each and every unit(Knottnerus and Tugwell, 2018). This sampling technique is helpful in terms of getting fair and authentic results for future betterment. In current context, 30 employees have been chosen from random sampling technique in order to gather appropriate set of information. CHAPTER FOUR: DATA ANALYSIS Frequency Distribution table Q1: As per you point of view, Do you have any knowledge regarding staff motivation and retention? Frequency YES28 NO2
Q2. What are the ways in which employee retention effective for M&S?Frequency Cost reduction5 Morale Improvement10 Recruitment and training efficacy8 Better customer experience7 Q3. How staff motivation impacts on employee retention in context of M&S? Frequency Organise different activities and events at the workplace6 Ownership of work only comes through motivation5 Appraisals are important to motivate the employees15 Make feel comfortable to staff4 Q4. What strategies to M&S could be used to contribute in employee retention and motivation? Frequency Providing positive forms of feedback16 Create strong relation of the business with the employees4 Creating a positive working environment10 Q5. Does staff motivation concept help in employee retention for M&S?Frequency True26 False4 Q6. Based upon you viewpoint, what are the different advantages of implementing motivational techniques within workplace? Frequency Minimise staff retentions8 Low down staff absenteeism18 Developed staff performance4 Q7. What are the various difficulties tackled through organisation in absence of staff motivation strategies? Frequency Lower expectations for success10 Reduce work productivity15 Minimise task performance5 Q8. Any Suggestion?
DATA INTERPRETATION Theme 1:Any knowledge regarding staff motivation and retention. Q1: As per you point of view, Do you have any knowledge regarding staff motivation and retention? Frequency YES28 NO2 Interpretation: According to the above pie chart, it has been analysed that among 30 participants, 28 of them are in favour of yes and rest 2 of them are with the option no. AsEmployee motivation is the main practice which is used by organization to satisfy their staff and develop business performance. This is most important for company to understand employee's demand and put efforts to resolve all issues. Additionally, Employee retention is the activity of people attraction and retaining people at the workplace which supports to develop the organizational performance. This is important for an organization to understand what is happening around and how to get people work in an organization. Theme 2:The ways in which employee retention are effective for M&S. Q2. What are the ways in which employee retention effective for M&S?Frequency Cost reduction5
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Morale Improvement10 Recruitment and training efficacy8 Better customer experience7 Interpretation: There are variousthe ways in which employee retention are effective for M&S. Some of them arecost reduction, morale improvement, recruitment and training efficacy, better customer experience and others. So,According to the above pie chart, it has been analysed that among30participants,5arerespondingtowardscostreduction,10aresayingmorale improvement, 8 are in favour of recruitment and training efficacy, 7 are with better customer experience. Theme 3:Staff motivation impacts on employee retention in context of M&S. Q3. How staff motivation impacts on employee retention in context of M&S? Frequency Organise different activities and events at the workplace6 Ownership of work only comes through motivation5 Appraisals are important to motivate the employees15 Make feel comfortable to staff4
Theme 4: Thestrategies to M&S could be used to contribute in employee retention and motivation. Q4. What strategies to M&S could be used to contribute in employee retention and motivation? Frequency Providing positive forms of feedback16 Create strong relation of the business with the employees4 Creating a positive working environment10
Interpretation: There are various strategies that m&s could be used to contribute in employee retention and motivation. some of them areproviding positive forms of feedback, create strong relation of the business with the employees, creating a positive working environment and others. According to the above pie chart, it has been analysed that among 30 participants,16 are in favour of the providing positive forms of feedback, 4 of the with create strong relation of the business with the employees, and rest 10 are saying creating a positive working environment Theme 5:Staff motivation concept help in employee retention for M&S. Q5. Does staff motivation concept help in employee retention for M&S?Frequency True26 False4 Interpretation: According to the above pie chart, it has been analysed that among 30 participants, 26 arein favour of true and rest 4 of them are saying false. So, this states thatStaff motivation concept help in employee retention for M&S. As Motivation is the continuous process that used to initiate, guide, and maintain goal oriented behaviours which can help to develop business
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activities. This reflect something is unique that allows people to gain valued outcomes by improving organizational performance. In relation to M&S, management mainly focuses on the employee retention level and strategies which are used to operate a business effectively. This is the part of business planning formulated by management for the purpose of arranging people and get work done effectively. Theme6:Thedifferentadvantagesofimplementingmotivationaltechniqueswithin workplace. Q6. Based upon you viewpoint, what are the different advantages of implementing motivational techniques within workplace? Frequency Minimise staff retentions8 Low down staff absenteeism18 Developed staff performance4 Interpretation:Thedifferentadvantagesofimplementingmotivationaltechniqueswithin workplace. some of them areMinimise staff retentions, Low down staff absenteeism, Developed staff performance and so on.So,According to the above pie chart, it has been analysed that
among 30 participants, 8 are syingMinimise staff retentions, 18 are in favour of Low down staff absenteeism, rest 4 of them are with Developed staff performance Theme7:Thevariousdifficultiestackledthroughorganisationinabsenceofstaff motivation strategies. Q7. What are the various difficulties tackled through organisation in absence of staff motivation strategies? Frequency Lower expectations for success10 Reduce work productivity15 Minimise task performance5 Interpretation: There are various difficulties that organisations have to face in absence of staff motivationstrategies.Someofthemarelowerexpectationsforsuccess,reducework productivity, minimise task performance and so on.So,According to the above pie chart, it has been analysed that among 30 participants, 10 are saying lower expectations for success, 15 of them are with option reduce work productivity, rest 5 are minimise task performance Theme 8: Any Suggestions. Q8. Any Suggestion? As per the above analysis, it has been suggested to M&S to opt effective motivation strategies such as:
Providingpositiveformsoffeedback–Thisisimportantstrategywhichisusedby organization to influence and motivate their employees at the workplace. To improve the business performance and activities, there is need to focus on feedback which can help to bring changes and maintain higher performance. In relation to M&S, HR management should follow this strategy by providing feedback forms and accomplishing business goals which supports to develop organizational performance Training and development –Due to culture difference and accepting changes at the workplace could be challenging for organization to operate their business where it became important to provide training and development program to their staff which can help to manage all business activities clearly. In relation to M&S, management should understand the requirement of training andputeffortstoprovidetrainingprogramwhichcanhelptodeveloporganizational performance and productivity. The person should have proper knowledge and skills which can help to manage all activities andfunctions as it supports to build employee's confidence and retain people for long period.
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ChapterFive:Conclusion,Recommendations,Implicationforfurther research Conclusion Toconclude the above-mentioned information, it can be said that employee retention is about retaining talented people within organization for longer period of time. In current competitive environment, retention of employees helps in avoiding additional cost in terms of recruitment, on boarding of the new employees. If company is able to retain their talented workforce, it createsa positive brand image. As a result more and more qualified and efficient individuals submit application to get associated with such company. Through the research, it is evident that organizations have to face ample of challenges while retaining the workforce in terms of lack of motivation, communication and more. It is analyzed that motivation and staff retention are associated with each other. Motivated employees are likely to stay within the company for longer period of time. In addition, they put significant efforts so that the business entity can attain pre-defined goals and objectives. Through the research, it is found that the respective organization adopt various strategies in order to deal with the issue of employee retention. For this purpose, they are likely to provide necessary monetary and non-monetary incentives to staff members. Further, the research study is based on primary and secondary data. In this context, the primary information has been gathered from employees of the respective entity whereas secondary data has drawn from authentic and reliable secondary sources. Moreover, the company is required to implement certain crucial recommendations in order to ensure future growth and enhancement. Recommendations As per the above analysis, it has been recommended to M&S to opt effective motivation strategies such as: Providing positive forms of feedback –This is important strategy which is used by organization to influence and motivate their employees at the workplace. To improve the business performance and activities, there is need to focus on feedback which can help to bring changes and maintain higher performance. In relation to M&S, HR management should follow this strategy by providing feedback forms and accomplishing business goals which supports to develop organizational performance
Training and development –Due to culture difference and accepting changes at the workplace could be challenging for organization to operate their business where it became important to provide training and development program to their staff which can help to manage allbusinessactivitiesclearly.InrelationtoM&S,managementshouldunderstandthe requirement of training and put efforts to provide training program which can help to develop organizational performance and productivity. The person should have proper knowledge and skills which can help to manage all activities andfunctions as it supports to build employee's confidence and retain people for long period. Implications for further research The existing project has been created basis for further research in related area so that the organization can improve its functioning efficiently. The outcomes of the present study can be used to ensure future betterment and enhancement. In this regard, the information has been gatheredfrom both sources, primary & secondary that will help in creating a basis for future research. Through the outcomes, it is possible to create a base to stimulate a proper and effective motivation system. Further, it will make possible to boost the morale of employees so that they will stay within the company for longer period of time. In context of the future research work, there willbe development of positive work environment with sound & effective motivation policies. Reflection During the project, I got to know several aspects of talent management. This knowledge will assist me in performing the role of HR manger efficiently in the future period of time. I also develop significant knowledge on other subjects such as employee engagement and satisfaction. In addition to this, I used to communicate with several people during the project that enhanced my overall communication skills. Through this, I can easily grow in my career as now, I am able to interact with different people. Apart from this, I learned how to manage the time as well as cost to complete a project successfully. While undertaking the project, I worked on both primary as well as secondary data. As a result, now, I am able to collect, analyze as well as interpret both primary and secondary information appropriately. Further, the project taught me to work with team members, analyze the data using statistical techniques and make valuable inferences to get valid outcomes in an efficient manner.
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