Impact of Staff Motivation Schemes on Employee Retention and Talent Management at Sainsbury
Verified
Added on 2023/06/14
|33
|6506
|290
AI Summary
This research project investigates the impact of staff motivation schemes on employee satisfaction and retention at Sainsbury. The study uses quantitative research methods and provides recommendations for further projects.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
11 – Research Project
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Abstract The current selected project tends to be based on the subject of Effect of the staff motivation schemes on the employee retention as well as the talentmanagement for which aninvestigation and research is conducted on Sainsbury. The main purpose of current project is to analyse the influence ofthe staff motivation set of schemes on the satisfaction and the retentionof employees within an organisation. Further use of quantitative research method has been made within current project for which data has been collected with the help of questionnaire. Finally, valid recommendation as well as implication for further project has been also provided in current project.
Table of Contents
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Chapter One: Introduction Topic: Impact of staff motivation schemes to employee retention and talent management Talent management tend to includes of the effective strategies and ways that are adopted by the human resource management of a firm to have better identification and meeting of the needs of employees to support higher motivation level (Narayanan, Rajithakumar and Menon, 2019). Along with this, the talent management also tend to includes of the process that aim at identifying, attracting as well as retaining the talented and skilled employees to have higher success and growth of a firm. Staff motivation schemes tend to make a vital part of talent management strategy that comprises of the motivation schemes which aim at boosting the productivity of employees along with leading higher employee engagement. Current study is being conducted on the Sainsbury which is a well-known British retailer and among the largest retailer of UK the main headquarter of which is located in London. The main aim and rationale for undertaking of the current project has been provided below. 1.1 Research Aim and Rationale Rationale The undertaking of current project on the topic of the Impact of staff motivation strategies to enhance retention of organisational employees and talent management is seemed to be rationale as it supports mitigation of the risk of high employee turnover within a firm. It has been seen that the outbreak of the global pandemic of covid-19 has created a huge risk of high employee turnover as well as reduction in employee motivation (Kumar, 2022). Therefore, current project is rationale to analysis about the effective motivation sachems as well as talent management that supports higher employee retention and motivation. Along with this, the execution of current project is also significant from the personal view point of researcher as it supportshigherknowledgeimprovementaswellasimprovementinthekeyskilland competency level. Research aim: To investigate the impact of reinforcing staff motivation schemes on employee satisfaction and employee retention within an organisation. A study on Sainsbury’s 1.2 Research Questions What are the primary and peripheral elements and concept of talent management? 1
Which are the prominent staff motivation practices reinforced by Sainsbury’s to retain and satisfy their working employees? What are the issues arising within workplace of Sainsbury’s during reinforcing staff motivation practices for retaining and satisfying employees? 1.3 Research Objectives To understand the primary and peripheral elements and concepts of talent management To examine the prominent staff motivation practices reinforced by Sainsbury’s to retain and satisfy their working employees To discern the issues arising within workplace of Sainsbury’s during reinforcing staff motivation practices for retaining and satisfying employees 1.4 Significance of the Research The significance of current project comprises of the fact that it supports better review of the staff motivation strategy that helps the business organisation to have higher retention of skilled employees along with mitigate risk of employee turnover. Beside this, the current study is also significant in analysis the changes that could be faced while implementing staff motivation strategies for employee retention and satisfaction thus supports better review of the ways that can be adopted by the organisation to overcome these challenge (Latukha and et. al., 2022). Further, theselection of current topic isbased on talent management is also suitable and effective to ensure a higher level of motivationas well as improved satisfactionthat lead to better performance level as well as retention of skilled employees to have improved business success. Chapter Two: Literature Review 2.1 Introduction of Literature Review This part of the researchtends to includes of the systematic analysis and review of pre- exiting set of data that provides and caret a base and blue print for further knowledge creation (Lee and et. al., 2022). The current literature review is based on the topic of the implementing staff motivation strategies for employee retention and satisfaction along with its key objectives for which a set of online articles, books and journals are being analysed and review a discussion of which is provided as under: 2.2 Main Body Primary and peripheral elements and concepts of talent management 2
As per the view point of the Fernando, A.G.N.K. and Sutha, J., 2022, it has been analysed thatthetalentmanagementtendtocomprisesoftheprocessofacquiring,maintaining, developing as well as retaining and effectively utilising the human resources in order to have a higher competitive strength and better achievement of objectives. Further, the concept of talent management tends to includes of a dynamic approach to effectively identify, develop as well as supports the individual with the higher level of potential to achieve improved performance and growth level. Along with this, the conceptual framework of the talent management tends to incudes of the identification of the vacant set of position within a firm along with leading regular hiring of the suitable candidates (Kafetzopoulos and Gotzamani, 2022). Beside this, the main concept and aspect of the talent management tend to includes and comprises of the ensuring the development of the skill and competency level of the employees in a manner that best match and situated their job position along with retaining these skilled employees for a longer period in order to ensure better achievement of organisational goals. Further, it has been seen and identified that talent management forms a vital part of every organisation as it supports a hiker level of motivation as well as improved satisfaction in employees by the way of ensuring regular improvement in the skill and knowledge level along with boosting their self confidence level. Apart from this, talent management is also forms an integral part of human resource management as it ensures a continuous development of employees to ensure higher success as well as performance level of a firm (Gerhardt and Karsan, 2022). Prominent staff motivation practices reinforced by Sainsbury’s to retain and satisfy their working employees With respect to the view point of the Donkor, F., Appienti, W.A. and Achiaah, E., 2022, it has been seen that the implication of various set of the staff motivation strategies are being made by a form to effective identify and meet the needs of employees that render and supports the higher employee retention as well as improved satisfaction level at workplace. The key set of the staff motivationtechniques and strategies that are used by Sainsbury’s to ensure the higher employee retention and improved level of thesatisfaction at workplace are listed and discussed below:Regular training and development opportunities- The Sainsbury tend to have a staff motivation strategy of providing regular training to its employees which supports development of key skill and competency. The providing of regular training tends to 3
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
boost the satisfaction and confidence level of employees by the way of enhancing their ability to perform their job role in effective and improve manner which supports higher employee motivation and retention level within Sainsbury (Islam and et. al., 2022).Staff incentives and reward schemes- The managers of the Sainsbury also tend to make use of the staff incentives as well as regular reward and perk schemes to ensure higher motivation and satisfaction in its employees. The providing of regular incentives and rewards schemes tend to boost motivation level of employees and directs them towards better performance by the way of meeting their monetary needs which supports higher satisfaction and longer retention level to gain higher benefits in future.Positive company culture-The Sainsbury also tend to provides and supports a positive company culture where all employees are treated on equality basis along with having higher level of transparency that supports improve job satisfaction. Beside this, ensuring a healthy and safe workplace as well as focusing on better wellbeing and comfort of employees also tend to supports staff motivation strategies which brings out the higher employee retention and satisfaction at workplace (Hunter and Hunter, 2022). Issues arising within workplace of Sainsbury’s during reinforcing staff motivation practices for retaining and satisfying employees According to the opinion of the Panova, E.A., Oparina, N.N. and Bondareva, L.V., 2022, it has been reviewed that the many challenges related with the lack of resources and ineffective communication could be faced by an organisation while implementing thestaff motivation ways as well as the strategies for higer employee retention and satisfaction. It has been seen and analysed that many challengesfaced by the Sainsbury in having and leading of the effective of the staff motivation strategies for the support of higheremployee retention and satisfaction which consists of lack of sufficient resources as providing continuous training as well as extra perks and rewards is tend to be expensive in nature. Along with this, ensuring selection and use of appropriate training method that meets the learning needs of all employees is also quite difficultandcomplexinnature(Masenya,2022).Besidethis,havingineffectivesetof communication channel is also beingfaced by the Sainsbury in having and leading of the effective of the staff motivation strategies for the support of higheremployee retention and satisfaction that lead to higher chance of workplace chaos and conflicts and negative impact on themotivationlevelofemployees.Besidethis,identifyingandmeetingtheunrealistic 4
expectation of the employees is also a vital challengefaced by the Sainsbury in having and leading of the effective of the staff motivation strategies for the support of higheremployee retention as well as improved satisfaction. Thus, having effectively identifythe need of employees along with fulfilling and meeting these needs are tending to a complex task during which many issues related with lack of sufficient resources as well as ineffective communication is being faced (Franco-Santos, Stull and Bourne, 2022). 2.3 Conclusion of Literature Review In accordance to the above givenliterature review a conclusion can be made that the conceptual framework of the talent management is related with applying and coming with the effective approaches and strategy that supports attracting, hiring, developing as well as higher retention of talented employees to effective meet set organisational goals. Further, it has been also summarized that the providing of the regular training along with making use of the rewards and perks and offering sportive workplace culture tend to supports effective staff motivation schemes to have higher retention of employees. Beside this, it has been also concluded that the lack of effective communication together with higher expenses of motivation schemes are the key challenges faced in implementing staff motivation strategies. Chapter Three: Methodology Research methodology forms tend to forms out an important section of every investigation that tend to present and reflects about the approaches and method applied by the researcher to carryoutandundertakeaninvestigationinsystematicandeffectivemanner.Research methodology provides a blueprint and framework about the techniques used for effective collection, analysis and personation of data to achieve the set objectives. Further, the selection of appropriate research methodology is vital for effective undertaking of project that is based on conviction and beliefs of the researcher (Alaimo, 2022). The research methodology that has been sued and applied by the researcher to undertake current study in the topic of the staff motivation schemes and talent management are listed as below: Research philosophy- It presents a broad topic of study that helps in leading better knowledge development that isbifurcated into the twomain typeswhich includesof the positivism and interpretivisim approach. As per the nature and conviction of current project, making use and application of the positivism philosophy is seemed moresuitable as well as 5
seemed moreappropriate as it supports a practical as well as moresystematic set of theway of investigation to effectively meet the set objective (Stokes, 2022). 3.1 Research Approach It forms a significant part of a project that provides a process to make the researcher able to draw and implicate a specific conclusion based on specific instances and observation that is mainlydividedintothetwokeyformsincludingofdeductiveandinductiveapproach. Application of the deductive approach is made within current project as it tends to be more suitable and effective to meet the set objective through leading better scanning and testing of collected data. Along with this, the use of the deductive approach is also tending to be in line with the positivistic set of philosophy as it also supports specific and measurable set of results to effectively the meet objective. 3.2 Research Strategy This tend to present and provide a sequential set of plan that lead to render direction for the thoughts of the researcher toeffectively meet as well as effectivelyachieve the set objective. The variousforms as well as the typesof the research strategy tend to comprises and includes of the literature review, action research, quantitative survey, interview, observation, experiments, etc. Out of these set of research strategymaking of the useof survey strategy is tending to be most appropriate and suitable for current project (Narayanan, Rajithakumar and Menon, 2019). The application of the survey strategy tends to provide that most form of thecost as well as time set of efficient way of the datacollection with the help of questionnaire from a larger number of population thus ensures better meeting of set objectives. 3.3 Research Methodology (choice of method) There are two main setas well as the type of researchmethodology that tend to includes of the qualitative and quantitative researchmethod out of which the making use of thequalitative are tend to in-depth and detailed in nature while quantitative includes objective nature of investigation. With respect to current investigationmaking use and application of thequalitative nature of method is not appropriate and suitable as it tends to time cnsunimg and complex in nature based on theoretical information. Thus, application and selection of the quantitative set of researchmethod tend to be made in thiscurrent project that supported easy way of data collection in numeric form (Kumar, 2022). Along with this, the use of the quantitative nature of 6
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
research method also tend to lead to better presentation of facts through making use of statistical tools and charts that ensures better achievement of set objective. Data collection- The collection of data within current project would be made through making use of theboth primary along with the use of the secondary sources of data has been made within current project. The use of the primary set of research method is suitable to provide first-hand set of data that present first time collectedinformation that is more authentic in nature while secondary data tend to supports a better base as well as effective set of the framework for theproper undertaking of the study based on review and analysisof pre-exiting data. 3.4 Research Tools Use of the questionnaire has been made as the research tool for the collection of the primary set of data. Questionnaire tend to comprises of a written set of document that have a set of question based on the selected topic to supports easy data collection from a larger set of participants (Latukha and et. al., 2022). Further, the analysis of secondary set of data would be made with the help of online set of books, article, journals and other available literature. 3.5 Sampling 3.5.1 Identifying Population and Research Site The population that has been identified for collection of the primary set of the data tend to comprises of the employees of the Sainsbury which are taken and selected as population for current project. Further, the workplace of the Sainsbury tends to be the research site from where the employees tend to work as employees are the one who have most authentic investigation about the schemes and strategy of a firm. 3.5.2 Sampling Strategy Use of the random sampling strategy has been made within current project for the selection of a sample size of 40participants from the total set of theemployees of Sainsbury. Questionnaire Q1) Do you know regarding primary and peripheral elements of talent management? a) Yes 7
b) No c) Neutral Q2)Do you find talent management strategies as integral business practice for staff motivation? a) Yes b) No c) Neutral Q3) As per your analysis, doestalent management play crucial role for employee retention and satisfaction? a) Yes b) No c) Neutral Q4) As per your conviction,staff motivation schemeshelp inupgrading workplace productivity? a) Yes b) No c) Neutral Q5) What kind of impression is drawn by staff motivation schemes on the dimension of employee satisfaction and employee retention within Sainsbury’s? a) Positive b) Negative c) Neutral Q6) According to you,what are the main staff motivation strategies reinforced by Sainsbury’s for the purpose to increase employee retention and satisfaction at workplace? a) Positive work environment 8
b) Recognition c) Praise for accomplishment d) Career advancements e) Trust Q7) According to your viewpoint, what isneedofstaff motivationstrategiesfor Sainsbury? a) Higher competitiveness b) Increase in growth c) Increase in profitability d) Retain workers for long time Q8) In what way employee motivation strategies can be used by Sainsbury’swithin talent management? b) For optimised training sessions c) Constant recognition c) Job satisfaction d) On-the-job training Q9)WhataretheobjectionswhicharefacedbySainsbury’sinreinforcingstaff motivation strategies for retaining and satisfying employees? a) Low self confidence b) Lack of leadership c) Constant conflicts d) Fear of failure e) Poor communication Q10) According to you, what are the potentialstaff motivation strategies that will help 9
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Sainsbury to retain employees? a) Employee incentive programme b) Improve work culture c) Virtual training d) Rewards Q11) What is the most appropriate benefit ofstaff motivation strategiesfor employees in Sainsbury? a) Increase in performance b) Increase in productivity c) Personal and professional development Q12) Provide some recommendation,Sainsbury to implementstaff motivation strategies in enhancing employees productivity and retaining them for long period of time. Ethical consideration Whileundertakingacurrentprojectitisvitalandessentialtomeettheethical consideration that consist of undertaking of project in authentic and trustworthy manner. Therefore, current study is based on implication of the BERA code of ethics to undertake current project in authentic manner. Further, application of data protection at has been also made to ensure the privacy and confidentiality of collected facts to meet the ethical consideration (Lee and et. al., 2022). 10
Chapter Four: Findings (Data Analysis and Presentation) Analysis of collected facts Q1) Do you know regarding primary and peripheral elements of talent management? Frequency a) Yes27 b) No6 c) Neutral7 Q2)Doyoufindtalentmanagementstrategiesasintegralbusiness practice for staff motivation? Frequency a) Yes26 b) No7 c) Neutral7 Q3) As per your analysis, doestalent management play crucial role for employee retention and satisfaction? Frequency a) Yes28 b) No7 c) Neutral5 Q4) As per your conviction,staff motivation schemeshelp inupgrading workplace productivity? Frequency a) Yes28 b) No6 c) Neutral6 Q5) What kind of impression is drawn by staff motivation schemes on the dimensionofemployeesatisfactionandemployeeretentionwithin Sainsbury’s? Frequency a) Positive32 11
b) Negative4 c) Neutral4 Q6) According to you,what are the main staff motivation strategies reinforced by Sainsbury’s for the purpose to increase employee retention and satisfaction at workplace? Frequency a) Positive work environment30 b) Recognition4 c) Praise for accomplishment2 d) Career advancements1 e) Trust3 Q7) According to your view point, what isneed ofstaff motivation strategiesfor Sainsbury? Frequency a) Higher competitiveness6 b) Increase in growth4 c) Increase in profitability19 d) Retain workers for long time11 Q8)Inwhatwayemployeemotivationstrategiescanbeusedby Sainsbury’swithin talent management? Frequency b) For optimised training sessions7 c) Constant recognition10 c) Job satisfaction8 d) On-the-job training15 Q9)WhataretheobjectionswhicharefacedbySainsbury’sin reinforcingstaffmotivationstrategiesforretainingandsatisfying Frequency 12
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
employees? a) Low self confidence12 b) Lack of leadership7 c) Constant conflicts4 d) Fear of failure6 e) Poor communication11 Q10) According to you, what are the potentialstaff motivation strategies that will help Sainsbury to retain employees? Frequency a) Employee incentive programme12 b) Improve work culture9 c) Virtual training12 d) Rewards7 Q11) What is the most appropriate benefit ofstaff motivation strategies for employees in Sainsbury? Frequency a) Increase in performance32 b) Increase in productivity3 c) Personal and professional development5 Q12)Providesomerecommendation,Sainsburytoimplementstaff motivation strategiesin enhancing employees productivity and retaining them for long period of time. 13
14
Chapter Five: Discussion (Data Interpretation) Interpretation of data Table1: Primary and peripheral elements of talent management? Q1) Do you know regarding primary and peripheral elements of talent management? Frequency a) Yes27 b) No6 c) Neutral7 Illustration1: Primary and peripheral elements of talent management? Interpretation According to the stated graph it has been analysed that 27 out of 40 respondents are aware regarding primary and peripheral elements of talent management. While 6 are not aware regarding these concepts which means that organisations are needed to implement such measures so their employee may get such knowledge. Table2: Talent management strategies as integral business practice for staff motivation Q2) Do you find talent management strategies as integral businessFrequency 15
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
practice for staff motivation? a) Yes26 b) No7 c) Neutral7 Illustration2: Talent management strategies as integral business practice for staff motivation Interpretation As per the path graph from the overall sample size of 40, 26 said that talent management is important for staff motivation. While remaining was not aligned with the fact that talent management strategies are considered as integral part of the business. Table3: Talent management play crucial role for employee retention and satisfaction Q3) As per your analysis, doestalent management play crucial role for employee retention and satisfaction? Frequency a) Yes28 b) No7 c) Neutral5 16
Illustration3: Talent management play crucial role for employee retention and satisfaction Interpretation The graph demonstrated above states that out of the sample population of 40 respondents, 28 are agreed that with the help of talent management employees can be retained and satisfied. While remaining 7 have said that only talent management is not helpful forthe organisation to retain and satisfy employees. Table4: Staff motivation schemes help in upgrading workplace productivity Q4)Asperyourconviction,staffmotivationschemeshelpin upgrading workplace productivity? Frequency a) Yes28 b) No6 c) Neutral6 17
Illustration4: Staff motivation schemes help in upgrading workplace productivity Interpretation The above mentioned graph states that out of the whole population of 40, 28 have conviction that staff motivation schemes are helpful in upgrading workplace productivity. Whereas 6 have answered that staff motivation cannot be the sole business strategy which is helpful in upgrading workplace productivity. Table5: Staff motivation schemes on the dimension of employee satisfaction and employee retention within Sainsbury’s Q5) What kind of impression is drawn by staff motivation schemes on the dimension of employee satisfaction and employee retention within Sainsbury’s? Frequency a) Positive32 b) Negative4 c) Neutral4 18
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Illustration5: staff motivation schemes on the dimension of employee satisfaction and employee retention within Sainsbury’s Interpretation The above demonstrated graph elaborated that 32 out of 40 respondents said that staff motivation scheme have positive impression on employees retention in satisfaction at workplace in Sainsbury. While remaining 4 there will be a negative impression as it increases company budget and other 4 were neutral. Table6: Main staff motivation strategies reinforced by Sainsbury’s for the purpose to increase employee retention and satisfaction at workplace Q6) According to you, what are the main staff motivation strategies reinforcedbySainsbury’sforthepurposetoincreaseemployee retention and satisfaction at workplace? Frequency a) Positive work environment30 b) Recognition4 c) Praise for accomplishment2 d) Career advancements1 e) Trust3 19
Illustration6: Main staff motivation strategies reinforced by Sainsbury’s forthepurposetoincreaseemployeeretentionandsatisfactionat workplace Interpretation From the above figure it has been stated that 30 out of 40respondents conveyed that positive work environment is the best of motivation strategy through with Sainsbury can retain employee satisfaction and retention. While other 4 respondents goes with recognition and other 2 respondents out of 40 said that praise for accomplishment is the best of motivation strategy, while 1 goes with career advancement another 3 were in the favour of trust. Table7: Need of staff motivation strategies for Sainsbury Q7) According to your view point, what isneed ofstaff motivation strategiesfor Sainsbury? Frequency a) Higher competitiveness6 b) Increase in growth4 c) Increase in profitability19 d) Retain workers for long time11 20
Illustration7: Need of staff motivation strategies for Sainsbury Interpretation As per the above graph 6 out of 40 respondents said that in order to have higher competitiveness there is a need of staff motivation training strategy for Sainsbury. While remaining 4 goes with increase in growth, other 19 respondents said that increasing profitability is the major factor of staff motivation strategy is needed and another 11 goes with retain workers for long time. Table8: Employee motivation strategies can be used by Sainsbury’s within talent management Q8) In what way employee motivation strategies can be used by Sainsbury’s within talent management? Frequency a) For optimised training sessions7 b) Constant recognition10 c) Job satisfaction8 d) On-the-job training15 21
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Illustration8: Employee motivation strategies can be used by Sainsbury’s within talent management Interpretation From the above bar figure it has been stated that 7 out of 40 respondents said that by providing regular training Sainsbury's is using staff motivation strategy to retain workers and satisfy them. While remaining 10 respondents goes with constant recognition. Other 8 employees said that sceneries taking use of job satisfaction another 15 goes with on-the-job training. Table9: Objections which are faced by Sainsbury’s in reinforcing staff motivation strategies for retaining and satisfying employees Q9) What are the objections which are faced by Sainsbury’s in reinforcing staff motivation strategies for retaining and satisfying employees? Frequency a) Low self confidence12 b) Lack of leadership7 c) Constant conflicts4 d) Fear of failure6 e) Poor communication11 22
Illustration9: Objections which are faced by Sainsbury’s in reinforcing staff motivation strategies for retaining and satisfying employees Interpretation From the above graph 11 out of 40 respondents said that look self confidence is the major challenge face by Sainsbury in implementing staff motivation strategy. While remaining 7 goes with lack of leadership. Other 4 respondents said that constant conflicts is the major challenge. While other 6 goes with fear of failure. Other 11 respondents said that poor communication which is the major challenge that Sainsbury is facing. Table10: Potential staff motivation strategies that will help Sainsbury to retain employees Q10)Accordingtoyou,whatarethepotentialstaffmotivation strategies that will help Sainsbury to retain employees? Frequency a) Employee incentive programme12 b) Improve work culture9 c) Virtual training12 d) Rewards7 23
Illustration10:Potentialstaffmotivationstrategiesthatwillhelp Sainsbury to retain employees Interpretation From the above chart 12 out of 40 respondents said that employee incentive program is the potential staff motivation strategy which will help Sainsbury to retain employees. While other 9 goes with improve work culture. Other 12 respondents at that virtual training is the best of motivation strategy. While at last 7 respondents goes with rewards. Table11: Most appropriate benefit of staff motivation strategies for employees in Sainsbury Q11)Whatisthemostappropriatebenefitofstaffmotivation strategies for employees in Sainsbury? Frequency a) Increase in performance32 b) Increase in productivity3 c) Personal and professional development5 24
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Illustration11: Most appropriate benefit of staff motivation strategies for employees in Sainsbury Interpretation The figure mentioned above graph states that 32 out of 40 respondents said thatbenefit of staffmotivationstrategiesforemployeesinSainsburyisincreaseinperformancewhile remaining 3 goes withIncrease in productivity. At last remaining 5 respondents goes with personal and professional development. 25
Chapter Six: Conclusion, Recommendations and Implications for Further project Conclusion Thisisconcludedthatinordertostaycompetitiveinthismodernworkplace environment in retain employees and enhances satisfaction. It is important for organisations in retail industrial sector to emphasise on increasing their performance and productivity with the help of various strategies like virtual training, incentive program and rewards. This research also states that with the help of various staff motivation strategies for example strong communication, virtual training and competitive rewards company can assure long term growth and satisfied workplace which helps in maximising company profitability and productivity. Recommendation On the basis of the findings of current investigation, it has been seen that adopting and implementing effective staff motivation strategies are vital for an organisation to support employee retention and satisfaction. Thus, it has been recommended for the Sainsbury to have adoptionof suitablestaff motivationstrategiessuch asensuring continuoustrainingand development opportunity of employees along with use of reads and perks to attract and retain talent candidates (Kafetzopoulos and Gotzamani, 2022). It has been seen that higher expenses and lack of resources is being faced while implementation of staff motivation schemes thus having effective budgeting as well as proper financial management has been recommended for Sainsbury to mitigate the challenge faced in implementing staff motivation schemes. Further, implicationandmakinguseofasuitableleadershipstyleisalsobeingsuggestedand recommended for Sainsbury to mitigate risk of lack of communication along with ensuring higher motivation in employees. Adoption of participative leadership style is suggested for Sainsbury as it ensure equal involvement of all employees which brings a sense of quality and unity at workplace that improve the overall satisfaction and retention level of employees (Gerhardt and Karsan, 2022). Implication for further project The undertaking of current project is highly informative and knowledgeable for me which has enhanced by undertaking about the staff motivation sachems along with leading higher knowledge about talent management. Beside this, a better understanding about the use of 26
appropriate reach methods has been also gained and learned by me while undertaking current protect. Within current protect, use of the quantitative set of research method is being made by me that is appropriate and suitable in meeting the set objectives by the way of supporting an easy way of data collection with the help of questionnaire. Along with this, the use of quantitative research method are also effective in ensuring better analysis and personation of facts that ensures effective meeting of set objectives based on specific research results. The only pitfall ad drawback of quantitative research method comprises of the fact that it lacks theoretical and detailed data collection and analysis. Thus, implication and suggestion for further project in future tend to comprises and includes of the use of qualitative mature of research method. Implicationof qualitativemethodasalternativemethodsfor furtherprojectsupportsthe collections of in-depth and theoretical data that supports detailed research result to have better analysis and achievement of set objective. 27
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
REFERENCES Books and journal Alaimo, C.J., 2022. Creating an Effective Employee Retention Plan. InHR Leadership During Bankruptcy and Organizational Change(pp. 23-32). Springer, Cham. Donkor, F., Appienti, W.A. and Achiaah, E., 2022. The Impact of Transformational Leadership Style on Employee Turnover Intention in State-Owned Enterprises in Ghana. The MediatingRoleofOrganisationalCommitment.PublicOrganizationReview,22(1), pp.1-17. Fernando, A.G.N.K. and Sutha, J., 2022. Influence of internal corporate social responsibility on employeeretentionwithspecialreferencetotheapparelindustryinSriLanka. InResearch Anthology on Developing Socially Responsible Businesses(pp. 2090-2106). IGI Global. Franco-Santos, M., Stull, D. and Bourne, M., 2022. Performance Management and Wellbeing at the Workplace.Handbook on Management and Employment Practices, p.503. Gerhardt, T. and Karsan, S., 2022. Talent management in private universities: the case of a privateuniversityintheUnitedKingdom.InternationalJournalofEducational Management. Hunter, S.T. and Hunter, M.D., 2022. Performance Management and Career Development for Employees with Autism: Uncovering Hidden Requirements. InNeurodiversity in the Workplace(pp. 211-240). Routledge. Islam, M.A. and et. al., 2022. Moderating role of psychological empowerment on the relationship between green HRM practices and millennial employee retention in the hotel industry of Bangladesh.Business Strategy & Development,5(1), pp.17-29. Kafetzopoulos, D. and Gotzamani, K., 2022. The effect of talent management and leadership styles on firms’ sustainable performance.European Business Review, (ahead-of-print). Kumar, S., 2022. The impact of talent management practices on employee turnover and retention intentions.Global Business and Organizational Excellence,41(2), pp.21-34. Latukha, M. and et. al., 2022. Talent management, organizational ambidexterity, and firm performance: Evidence from Russian firms.Thunderbird International Business Review. Lee, C.C. and et. al., 2022, April. Examining employee retention and motivation: the moderating effect of employee generation. InEvidence-based HRM: a Global Forum for Empirical Scholarship(No. ahead-of-print). Emerald Publishing Limited. Masenya, T.M., 2022. Integrating Talent and Knowledge Management Practices in the New NormalBusinessEnvironment:DevelopingFutureLeadersinPublicSector Organizations.InNavigatingtheNew Normalof BusinessWithEnhancedHuman Resource Management Strategies(pp. 113-144). IGI Global. Narayanan, A., Rajithakumar, S. and Menon, M., 2019. Talent management and employee retention:Anintegrativeresearchframework.HumanResourceDevelopment Review,18(2), pp.228-247. Panova, E.A., Oparina, N.N. and Bondareva, L.V., 2022. Talent Management: Tasks and ChallengesforaDigitalTomorrow.InProceedingsoftheInternationalScientific Conference “Smart Nations: Global Trends In The Digital Economy”(pp. 288-294). Springer, Cham. 28
Stokes,E.S.,2022.AQualitativeStudyoftheEmployeePerceptionofPerformance Benchmarking in Relation to Pay-For-Performance Compensation(Doctoral dissertation, South University). 29