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Impact of staff motivation schemes to employee retention

   

Added on  2023-06-10

19 Pages3710 Words258 Views
PROJECT PROPOSAL FORM
Student Name
ID Number
Centre Name
Tutor
Proposed Title
Impact of staff motivation schemes to employee retention
Impact of staff motivation schemes to employee retention_1
Section One: Title, aims, objectives
Talent management is defined as constant
procedure which include retaining, attracting
high quality staff members, developing skills
and continuously encouraging them to
enhance the performance level. In addition to
this, it is the process to attract skilful staff
members with the objective to increase
performance of company and meet with the
targets of company. It is important for an
organisation to focus managing and
encouraging talent so that the performance
and productivity of both employees and
company is improved in an effective manner
(Anlesinya and Amponsah-Tawiah, 2020). For the
present report, Marks and Spencer is taken
into consideration. It is a British multinational
retailer which as founded in year 1884 and
headquartered in UK. In addition to this, the
company specialise in home products,
clothing, food products and so on. The
company has around 78,000 staff members
and to motivate them is important in order to
retain them for longer time period. The main
objective to conduct the study is to analyse the
Impact of staff motivation schemes to
employee retention and satisfaction.
Title or working title of project (in the form
of a question, objective or hypothesis)
Impact of staff motivation schemes to
employee retention
Project aims and objectives (e.g. what do you
wish to achieve? What do you want to learn to
do? What do you want to find out?)
Impact of staff motivation schemes to employee retention_2
Research aim:
"To analyse the Impact of staff motivation
schemes to employee retention and
satisfaction". A study on Marks and Spencer.
Research Objectives
To know the concept and significance of
talent management in context to
organization.
To identify the influence of staff
motivation schemes to employee
retention and satisfaction of Marks and
Spencer.
To examine the staff motivation
strategies used by Marks and Spencer
to employee retention and satisfaction
within the organization.
To determine the challenges faced by
Marks and Spencer while implementing
the staff motivation strategies at
workplace.
Research Questions:
What is the concept and significance of
talent management in context to
organization
What is the influence of staff motivation
schemes to employee retention and
satisfaction of Marks and Spencer
What are the staff motivation strategies
used by Marks and Spencer to
employee retention and satisfaction
within the organization
What are the challenges faced by Marks
and Spencer while implementing the
Impact of staff motivation schemes to employee retention_3
staff motivation strategies at workplace
Scope of research:
The present study has wide scope as it help
organisation to analyse the impact of staff
motivation schemes to employee retention and
satisfaction at workplace. In addition to this, it
will also help company to develop effective
strategies to deal with the issue of staff
motivation which further assist to improve
performance and productivity of organisation
(Crane, and Hartwell, 2019). Moreover, it will also
assist company to develop positive mind-set of
staff members towards working because of
which employees put their full potential to meet
with the targets. Furthermore, it will also help
respective organisation to increase its
productivity and profitability level effectively
and properly.
Section Two: Reasons for choosing this
project
Reasons for choosing the project (e.g. links to
other subjects you are studying, personal
interest, future plans, knowledge/skills you
want to improve, why you feel the topic is
important)
One of the main reason to conduct this study is
to analyse the influence of staff motivation on
retention and satisfaction of employees. In
addition to this, it assist researcher to know
about significance of staff motivation and the
strategies used by companies for retention of
staff members. Along with this, it also help
investigator to know the challenges faced by
companies while they execute such strategies.
Moreover, this research will assist in various
stakeholders that is organisation, researcher
Impact of staff motivation schemes to employee retention_4

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