Impact of staff motivation schemes to employee retention: A case study Marks & Spencer organisation
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This research paper analyses the impact of staff motivation schemes on employee retention in Marks & Spencer organisation. It includes literature review, research methodology, findings, and recommendations.
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Table of Contents Research Title - Impact of staff motivation schemes to employee retention: A case study Marks & Spencer organisation....................................................................................................................3 Chapter 1: introduction....................................................................................................................3 . Chapter 2: literature review...........................................................................................................5 Chapter 3: Research Methodology..................................................................................................7 Chapter 4: Findings (data analysis &presentation)........................................................................10 Data Presentation.......................................................................................................................10 Chapter 5: Discussion (data interpretation)...................................................................................17 Chapter 6: Conclusion and Recommendations..............................................................................19 Conclusion.................................................................................................................................19 Recommendation.......................................................................................................................20 References......................................................................................................................................22 Appendix........................................................................................................................................24 2
Research Title - Impact of staff motivation schemes to employee retention: A case study Marks & Spencer organisation. Chapter 1: introduction Staff motivation is described as an individual's capacity to increase their amount of motivation, excitement, &devotion to their work. Employees who are motivated are the firm's most valuable assets since they assist the company improve its quality &reliability. Having a motivated workforce also helps to increase the company's job satisfaction & organizational commitment. Employee retention refers to an organization's capacity to keep its company for a longer period of time. Staff retention aids in lowering the turnover rate of employees. It is critical for the firm to enhance the morale of its skilled employees since this will help them recruit &engage numerous new employees(Anitha and Kumar, 2016).It is analysed that developing &keeping a staffallowsacompanytoobtainanedgeoveritscompetitors&expanditsoperations. Throughout today's environment, an organisation places a great importance on keeping their employees as they're the ones that assist them move their business forward. Talented employees are handled in just such a style that they save money by decreasing the high cost of transforming the existing person. Michael Marks &Thomas Spencer are the founders of this enterprise, which was created in 1884. The world headquarters are in London, England, United Kingdom. This company offers a variety of products &services, including clothing, footwear, &accessories, among others. The techniques of talent management are discussed in this paper. This will aid in the identification of employee retention and also motivating staff. Aim “To analyse the impact of staff motivation scheme for managing employee’s retention for longer period of time. A study on Morrison's.” Research objectives To understand the concept of staff motivation. 3
To determine different staff motivation practices that will lead to have influence over employee retention practices. To analyse the significance of staff motivation schemes in order to increase Marks and Spencer performance and productivity. Research Questions What is the concept of staff motivation? What are different staff motivation practices that will lead to have influence over employee retention practices? What is the significance of staff motivation schemes in order to increase Marks &Spencer performance & productivity. Research rational The primary objective for picking this study subject is to get practical knowledge about employee motivation &also to learn about ways for enhancing employee motivation so that they may advance in the market. It is critical for businesses to establish a strong correlation between staff retention. In light of the foregoing, this investigation will also assist me in achieving two primary goals: personally &professionally. In terms of my own goal like to improve my abilities &experience in the field of staff retention so which I can efficiently explain, recognise, & analyze problems(Fang, Gao and Hu, 2021).It is determined that this research will also assist me in favourable attitudes &behaviour that will aid in increasing my motivation to complete the tasks at hand. On the other side, in context of the professional goal, this will assist in understanding the many caregiver possibilities accessible so that competent caregivers may be established in an efficient and appropriate manner. I'd also acquire specialist skills that might be applied in the workplace to increase employee passion &enthusiasm. This inquiry will also aid in gaining a thorough comprehension of the subject in a methodical manner. 4
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.Chapter 2: literature review To understand the concept of staff motivation According to theFang, (2021), revealed that staff motivation is defined as a set of corporate activities aimed at inspiring &motivating staff. With the goal of growing &enhancing company's operations, it is critical that company adopt effective employee incentive strategies. Employee motivation encompasses passion, power, devotion, &the amount of innovation that people contribute to the workplace.Company has been decided to require to techniques have beensuggestedemployeemotivatingstrategiesinordertoimprove&expandbusiness operations. Passion is the driving factor that allows employee feel aligned with the organization's goals while also feeling empowered. There are primarily two sorts of motivations likeintrinsic motivation & extrinsic drive, as per this study. Internal motivation may be defined as motivation that comes from inside a person. This sort of inspiration comes from inside, &it helps to encourage &increase a person's talents(Jordan and Lloyd, 2017).It is determined that intrinsic motivation is defined as a desire to do well at work, which includes results that are consistent with one's belief system. Motivation can be defined as a specific parameter that is fuelled by external stimuli. This consists of a human's incentives & acknowledgment for outstanding work & achievement in the company.Staff motivation is defined as the effective &efficient use of enthusiasm, enhanced energy production, effective goals, & creativity. Employee productivity is used to approach a rather more intelligent plan, as well as to encounter better effective & tolerable advancement in the organization's strategy. Furthermore, motivation is an important aspect of a person's experience. A motivated employee must make sure that the company has a nice atmosphere, that teammates are wanted &encouraged, &that everyone feels safe. In terms of retainingemployeemotivation&attainingsignificantprogress,alltheseareproductive &valuable to the organisation (Why Motivation is important in an organization, 2021).Staff motivation is defined as an individual's own potential to enhance their degree of enthusiasm, enthusiasm, &work effort. Committed workers are the company's most important asset because they help the company increase its performance &consistency. 5
To determine different staff motivation practices that will lead to have influence over employee retention practices According to the Juneja (2021), defined that Staff employee engagement is mainly concerned with talent retention &generating major productivity gains. The effect of top executives has a beneficial &bad impact on the motivation, as it aids in the effective &efficient administration of data. Employees will advance in their careers if the company's manager employs positive motivational techniques. But at the other hand, negative motivation reduces productivity, generates chaos, & produces a variety of challenges between team members. It is vital for the company to finish its inspiring elements &boost performance management. It is vital for the company to have a complete understanding of the data &to be able to manage it more efficiently. It has been discovered that hiring &retaining employees helps a firm to gain a competitive advantage &grow its activities. In today's politics, businesses place a high value on retaining their workers because they're the ones who help them drive their firm ahead. Qualified persons are treated in just such a way that all those who preserve revenue by lowering the high cost of changing a current employee are treated in the same way (Role of Motivation in Employee Retention, 2021). To analyse the significance of staff motivation schemes in order to increase Marks &Spencer performance &productivity According to the Molony (2021) revealed thatmotivating programmes are critical for improving corporatequality&profitability.Companyneedtoexamineseveralemployeeincentive programmes in order to inspire all workers to use their full potential & abilities to carry out company activities. The importance of employee engagement in improving company work performance is discussed and demonstrates in length like staff turnover is reduced in which one of the most important benefits of employee incentive programmes is that it reduces turnover of employees. Employee of the relevant firm will be more inspired to work within the organisation as a result of effective &efficient motivating activities, & there will be less staff turnover(Lim and Ahmad, 2021).Improve company connections in which employee motivator programs are 6
important for improving employee connections. In the Marks & Spencer business, there are effective &high teamwork techniques that would lead to increased corporate efficiency &results. Enhanced work quality, in which It’s been determined that staff motivating techniques will greatly increase employee work performance. This is beneficial for motivating people to expand their talents &abilities in order to accomplish the essential set of company operations effectively &efficiently. Chapter 3: Research Methodology The research methodology is an essential component of every research endeavour since it describes how to collect data & analyse this using various approaches. The positivist research philosophy has been investigated because it will assist the researcher in collecting information &data in a measured manner & communicating data in statistical form. The research paradigm philosophy is a great tool for proving the importance of a research on its own. A descriptive research strategy was also considered, as it gives comprehensive but also technical information about a certain issue(Mamycheva and et. al., 2016). Research strategies In order to accomplish research successfully, a number of strategies are applied &evaluated. Many of the strategiesincludesurveys, questionnaires,literaturereview, actionresearch, experiments, &other procedures. As per to obtain appropriate outcome the survey strategy was chosen based on the following philosophy & also techniques. The researcher is considering the questionnaire approach in order to conduct this study just so the research may obtain relevant, valid, & information and data can be transmitted from the sample population. Research approaches This is the second half of the exercise, which includes both deductive &inductive thinking. Most investigators are capable of effectively conducting research &aiding in information management 7
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when it is necessary to complete a major review &gain a better understanding of resources. The researchers had to employ a deductive methodology in this inquiry since it allows researchers to handlepressurewhilecollectingallquantitativeresearchmethodologiesinaneffective &productive manner. The researcher considers a deductive technical report in order to finish this technical report so that the investigator may successfully identify the research results(Murmura and et. al., 2018). Data collection Methods The researchers investigate & examine the two methods for acquiring data from secondary sources in this section. Direct & also indirect data collecting methods are both effective in obtaining useful information about the target audience. This present study is entirely focused on employee retention; hence the following approaches were examined in order to obtain relevant &enough evidence from staff members: Primary data collection– Basically, Primary data is new &fresh information collected by researchers for the purpose of analysing the present study. Researchers may efficiently obtain original knowledge analysis from personnel through collecting the primary data, allowing them to gain specific details. In terms of primary research, there are a variety of data gathering methods available like questionnaire, surveys, interviews, & telephone. The researcher is considering using the questionnaire method to conduct this study. Secondary data collection –It is analysed that secondary data refers to information received from a variety of sources, including online publications, periodicals, journals, &some other relevant company websites. It is determined that researchers employed both strategies for data processing all throughout study & mainly efficiently integrated the research methods. The researcher opted to employ the questionnaire form to conduct a questionnaire in order to collect primary data. Investigators, but in the other hand, collect data from the internet, magazines, & other secondary material in order to have a deeper knowledge of talent acquisition & company's driving strategy. 8
Sampling Sampling is a statistical technique that may be used to collect data from a specific demographic within a statistical sample. This is regarded as the most efficient technique for carrying out primary research, &it is necessary to provide knowledge via demographics & data management employing probability & non-probability techniques. Well-structured questionnaire are provided in an effective & efficient manner to finish this inquiry. For purposes such as reviewing primary research, Marks &Spencer staff members were asked to provide 40 responses. The main reason for choosing them as participants is that they will have learnt about the corporation's strategies &techniques for resource selection &data management. 9
Chapter 4: Findings (data analysis &presentation) The researcher uses frequency distribution data analysis to examine & examine the numerical information acquired in a more systematic way. MS-Excel is also used by the investigators to create a graphic description of the data acquired.There are few questions are asked by the researcher and the explanation about the questionnaire are given below- Data Presentation Q1) According to you, do you aware about the importance of talent management techniques for the development of organisation? Frequency a)Yes30 b)No10 30 10 Frequency a)Yes b)No 10
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Q2) According to you, Is staff motivation consider one of the effectiveapproachesforretainthetopcandidateinMarks &Spencer? Frequency a)Yes25 b)No15 25 15 Frequency a)Yes b)No 11
Q3) According to you, What are effective motivational techniques mainly developed by Marks &Spencer to retain the top talents at the workplace? Frequency a)Rewards & perks12 b)Smooth working environment8 c)Providing innovative training sessions7 d)More employee interaction13 12 87 13 Frequency a)Rewards&perks b)Smoothworking environment c)Providinginnovative trainingsessions d)Moreemployee interaction 12
Q4) According to you, what is the job satisfaction level of staff with the motivational techniques implemented by Marks &Spencer’s? a)Very satisfied b)Satisfied c)Neutral d)Dissatisfied 255 73 Frequency a)Verysatisfied b)Satisfied c)Neutral d)Dissatisfied 13
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Q5) On the basis of your point of view, what is the most effective affect of staff motivation on the retain the top best talent in Marks &Spencer? a)Enhancing skills & knowledge b)Retain top talents c)High organisational performance d)More competitive advantage 14 87 11 Frequency a)Enhancingskills& knowledge b)Retaintoptalents c)Highorganisational performance d)Morecompetitive advantage 14
Q6) According to you, what are the challenges that can be experienced by Marks &Spencer due to lack of staff motivation? a)More employee turnover b)disputes & conflicts between employees c)Lack of productivity & performance d)Reduced brand image 12 13 7 8 Frequency a)Moreemployee turnover b)disputes&conflicts betweenemployees c)Lackofproductivity& performance d)Reducedbrandimage 15
Q7) On the basis of your point of view, what will be the main advantages which can be gained by company in order to boosting the satisfaction &morale of their staff? a)High employee engagement b)Encourage continuous learning, c)Positive working environment d)Time management 10 19 5 6 Frequency a)Highemployee engagement b)Encouragecontinuous learning, c)Positiveworking environment d)Timemanagement 16
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Chapter 5: Discussion (data interpretation) Question 1: The importance of talent management practices within an organisation: Interpretation: It has been determined that there have been 40 responders based on the above-mentioned facts. Thirty percent of those polled said they understand the value of talent management practises in recruiting, acquiring, growing, & keeping the finest candidates inside an organisation. The remaining ten candidates replied no, claiming that they are unaware of the relevance of the techniques that the business has gained to maintain talent personnel & they believe that the Human resources is also looking for other managers inside the firm. Question 2: Staff motivation is one of the significant approaches towards retaining best candidate in Marks and Spencer. Interpretation: On the basis of this study , it is analysed that out of 40 people only 25 people strongly confirmed that staff motivation was among the most important approaches to keeping the best candidates in Marks and Spencer since it assists them raise their morale &fulfil their goals in a timely manner. One of the most crucial concepts for increasing employee engagement is incentive. The remaining 15 have stated that it is not a significant component in employee retention since they believe that employee engagement is determined by a variety of many other variables. Question3: Type of motivation acquired by the mangers of Marks and Spencerto retain their talent Interpretation: Based on the evidence presented above, it can be concluded that Marks and Spencer employs two types of incentive to raise employee morale. Intrinsic motivation is the two sorts of motivation they employ. Intrinsic motivation is said to be the driving force behind 20 of the 40 participants. It indicates they are able to increase their enthusiasm even without assistance of the 17
organisation. The remaining 20 said they utilise extrinsic incentive to increase their energy since best practises are implemented upon them by these organisations to raise their morale. Question 4: Best motivational strategy developed by Marks and Spencer top retain their talents within the workplace Interpretation: As per this study, it is being analysed that out of 40 participants, 25 is highly satisfied by the strategies that are adopted by the Marks and Spencer to motivate their employee &manage their talents. They say said the approaches boost their morale in higher manner which help them to work positively. The other 5 are satisfied &7 applicants have neutral feeling. The rest of 3 are dissatisfied by the strategies used by them as they think that by these their enthusiasm &commitment towards the work doesn’t increase. Question 6:Challenges that could be faced by Marks and Spencer due to the absence of staff motivation Interpretation With the above collected data it is understood that 12 participants have answered that the biggest challenge that they will face would be high employee turnover as their motivational level will be low towards their work. The other 13 respondent said that there will be more conflicts &dispute arose between employees. The other 7 applicants said that the problem that will be encounter by them will be lower productivity & performance &the rest 8 answered that it will impact their brand image in negative way. 18
Question7: On the basis of your point of view, what will be the main advantages which can be gained by company in order to boosting the satisfaction &morale of their staff? Interpretation From the above assembled data, it is analysed that 10 respondents have said that deeper employee engagement will be the greatest benefit. 19 applicants said that there will be positive work surrounding. The other5 said that there will be more training &learning surrounding. The remaining 6 said that goals will be achieved in timely manner with high motivation within the organisation. Chapter 6: Conclusion and Recommendations Conclusion The major goal of this research, according to this report, is to gain a full understanding of employee motivation &techniques that can be utilised to improve staff enthusiasm in order for them to succeed in the marketplace. Establishing a solid link between staff motivation &retention is crucial for firms. Given the aforementioned, this research can also help with two key objectives, staff motivation &employee retention(Ni, 2021).It has been established that improving staff talents & knowledge in the area of job satisfaction is required so that the organisation can effectively explain, identify, & assess the situation. This report focuses on a few specific factors, such as the effect of employee inspiration on preservation, the significance of motivating employee’s schemes, the different motivation factors used among staff members, & the strategic approach that employees believe in boosting employee recruitment & retention. Motivation has been proven to be critical for keeping skilled employees & is a key aspect of employee pleasure(Rahman and et. al.,2021). 19
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Recommendation Employee engagement is a key emphasis for Morrison's management since it is thoughtthatemployeeengagementhelpstoincreaseinteractionbetweenthe company&itsemployees.Employeesthatareprimarilyfocusedontheir employment are shown to invest in the task at hand, resulting in good performance. In order to maximise efficiency, encourage better performance, & retain talent, the company invests in staff change &progress. The steps to manage in internal email initiatives to motivate employees while also analysing their level of work satisfaction (Sleiman and A Sayah, 2018). Marks and Spencer managers must focus on their employees &increase employee relationships so that employees may focus on their jobs, be committed to their teammates, &just be enthusiastic about the company where they work. It is vital for the Marks and Spencer management to keep its employees interested in the job in order to boost their level of motivation; it employs a variety of appealing remuneration schemes. Giving adequate feedback to employees in the organization to inspire them is one of the tactics(Tella and Ibinaiye, 2020). Empower others to use their talents in interesting &important ways. Furthermore, the organisationiscapableofmaintainingcontrolover&providingmethodical advancement to its employees, as well as addressing them without dignity &respect. Almost all of these tactics are sound &related to completing tasks &better allocate resources. Job satisfaction has been found to be a simple way for a company to increase employee retention(Vorobeva and et. al., 2017). 20
The effective motivate type must be used by company managers in order for them to successfully enhance their workforces' staff turnover. Companies should maintain openness between their workers, hold reward sessions, offer regular feedback, implement a communication network, conduct performance appraisals, monitor performance, as well as provide economic &non advantages to boost employee engagement(Yunus and et. al., 2020). 21
References Anitha, R. and Kumar, M.A., 2016. A study on the impact of training on employee performance in private insurance sector, Coimbatore district.International Journal of Management Research and Reviews,6(8), p.1079. Fang, R., Gao, B. and Hu, N., 2021. Intangible asset value of employee satisfaction in high- contact services.International Journal of Hospitality Management,94, p.102810. Haddon,J.,2018.Theimpactofemployees’well-beingonperformanceinthe workplace.Strategic HR Review. Jordan, P. and Lloyd, C., 2017.Staff management in library and information work. Routledge. Jordan, P. and Lloyd, C., 2017.Staff management in library and information work. Routledge. Kryscynski, D., 2021. Firm-specific worker incentives, employee retention, and wage–tenure slopes.Organization Science, 32(2), pp.352-375. Lim, C.T. and Ahmad, N., 2021. The Relationship Between Human Resource Management Practices and Employee Performance.Research in Management of Technology and Business, 2(1), pp.123-136. Mamycheva, D.I., Melnichuk, A.V., Taranova, I.V., Chernykh, A.I., Gadzhieva, E.Y. and Ratiev, V.V., 2016. Instrumentation organizational and economic support of labor motivation of employees.International Review of Management and Marketing,6(1S). Murmura, F., Liberatore, L., Bravi, L. and Casolani, N., 2018. Evaluation of Italian companies' perception about ISO 14001 and eco management and audit scheme III: Motivations, benefits and barriers.Journal of Cleaner Production,174, pp.691-700. Ni, J., 2021.Impact of motivation factors on employee retention in China: mediating role of work engagement(Doctoral dissertation). Rahman,M.S., Mannan, M., Hossain, M.A., Zaman,M.H. andHassan, H., 2018. Tacit knowledge-sharing behavior among the academic staff: Trust, self-efficacy, motivation and Big Five personality traits embedded model.International Journal of Educational Management. Reynolds, D. and Dacre, N., 2021. Interdisciplinary Research Methodologies in Engineering Education Research.arXiv preprint arXiv:2104.04062. Sleiman, F. and A Sayah, S., 2018. The Impact of Employees’ Motivation On Employees’ Productivity.Available at SSRN 3793840. Tella,A.andIbinaiye,O.A.,2020.Correlatesofstaffmotivation,satisfaction,andjob performance of library staff in selected Nigerian University libraries.International Information & Library Review,52(1), pp.32-49. Thoneick, R., Malchow, M., Breckner, I. and Noennig, J., 2021. Complex arrival procedures as a challenge in migration studies: a comparative analysis of quantitative and qualitative methodologies within migration research.Co-creation in Migration Studies: The Use of Co-creative Methods to Study Migrant Integration Across European Societies, p.85. Vorobeva, E.A., Mukhoryanova, O.A., Savchenko, I.P., Taranova, I.V. and Shidakova, E.E., 2017, December. Evaluation of managerial staff as an effective tool of motivation. InPerspectives on the use of New Information and Communication Technology (ICT) in the Modern Economy(pp. 173-181). Springer, Cham. 22
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Yunus, M., Iis, E.Y., Adam, M. and Sofyan, H., 2020. Does motivation mediate the effects of employee staff empowerment, talent, working environment, and career development on staff performance?.Calitatea,21(175), pp.91-96. Online Employee motivation: Definition, types, importance, and ways to improve it, 2021. [Online]. Available through: <https://www.questionpro.com/blog/employee-motivation/>. EmployeeRetentionStrategies,2021.[Online].Availablethrough: <https://www.zoomshift.com/blog/employee-retention-strategies/> RoleofMotivationinEmployeeRetention,2021.[Online].Availablethrough: <https://www.managementstudyguide.com/motivation-for-employee-retention.htm>. WhyMotivationisimportantinanorganization,2021.[Online].Availablethrough: <https://www.linkedin.com/pulse/why-motivation-important-organization-hemavathi- s>. 23
Appendix Questionnaire Name - Age - Gender - Q1) According to you, do you aware about the importance of talent management techniques for the development of organisation? a)Yes b)No Q2) According to you, Is staff motivation consider one of the effective approaches for retain the top candidate in Marks &Spencer? a)Yes b)No Q3) According to you, What are effective motivational techniques mainly developed by Marks &Spencer to retain the top talents at the workplace? a)Rewards & perks b)Smooth working environment c)Providing innovative training sessions d)More employee interaction 24
Q4) According to you, what is the job satisfaction level of staff with the motivational techniques implemented by Marks &Spencer’s? a)Very satisfied b)Satisfied c)Neutral d)Dissatisfied Q5) On the basis of your point of view, what is the most effective affect of staff motivation on the retain the top best talent in Marks &Spencer? a)Enhancing skills & knowledge b)Retain top talents c)High organisational performance d)More competitive advantage Q6) According to you, what are the challenges that can be experienced by Marks &Spencer due to lack of staff motivation? a)More employee turnover b)disputes & conflicts between employees c)Lack of productivity & performance d)Reduced br&image Q7) On the basis of your point of view, what will be the main advantages which can be gained by company in order to boosting the satisfaction &morale of their staff? a)High employee engagement b)Encourage continuous learning, c)Positive working environment d)Time management 25
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