Impact of Staff Motivation Schemes on Employee's Retention: A Case Study of Unilever
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This research aims to identify the impact of employee’s motivation schemes to employee’s retention: A case study on Unilever company. The study explores the importance of talent management, types of staff motivation, challenges faced by talent managers, and effective TM strategies for the retention of productive & talented candidates in Unilever.
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RESEARCH PROJECT
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 TITLE..........................................................................................................................................3 Background..................................................................................................................................3 Aim..............................................................................................................................................3 Objectives....................................................................................................................................3 Research questions.......................................................................................................................3 Rationale......................................................................................................................................4 Significance of the research.........................................................................................................4 Literature review..............................................................................................................................1 RESEARCH METHODOLOGY................................................................................................2 DATA ANALYSIS AND INTERPRETATION.............................................................................4 Theme: 1 Talent management is significant for retain employees..............................................4 Theme: 2 Importance of motivation for employee’s retention....................................................5 Theme: 3 Employees motivation helps in improve retention rate of employees........................6 Theme: 4 Recommend strategies for company talent management...........................................7 Theme: 5 Talent management effective strategies for retain employees.....................................8 Theme: 6 Important roles of talent management in retain employees and motivated them........9 Theme 7: Staff motivation types helps in retain employees......................................................10 RECOMMENDATION.................................................................................................................11 CONCLUSION..............................................................................................................................12 REFERENCES................................................................................................................................1 APPENDIX......................................................................................................................................2 Questionnaires..............................................................................................................................2
INTRODUCTION TITLE To analyse the impact of staff motivation schemes to employee’s retention: A case study Unilever organization. Background The staff motivation is most important for the business to increase the retention rate of customers and also helps in retain the talented employees within the organization. It plays an important role in the staff satisfaction and enhance its retention rate. The employee’s retention also assists in improved morale of employees, company culture, increase productivity, less time spent in the training and recruitments of employees and reduced the cost as well as retain employees helps in increase the customers experience. Talent management have to focus on the staff retention rate and provide them training which helps in improve the retention rate of employees. Aim To identify the impact of employee’s motivation schemes to employee’s retention: A case study on Unilever company. Objectives To develop the understanding & importance of talent management. To assess the types of staff motivation in retention of employees within Unilever plc. To determine the challenges faced by talent manager in retaining talented candidate within Unilever plc. To suggest effectual TM strategies for the retention of productive & talented candidates in Unilever. Research questions What is the concept of talent management and significance of talent management? What are the types of staff motivation to retain the employees? what are the challenges face by the talent manager of Unilever to retain the talented employees? Rationale The research is conducted on the talent management that how to recruit the employees and motivate them for retain the rate of employees within the business organization and also develop
the motivation schemes which are most important for employee’s retention. To retain the talented employees helps in improve the performance and productivity of organization and also helps in reduce the cost of training and developments of employees (Baharin and Hanafi, 2018). The staff motivation helps in improve the morale of employees within the Unilever company so, the talent management need to focus on motivate employees for retain more employees. Significance of the research Through the comprehensive exploration of this study on Unilever talent management, the impact of staff motivation on employee's retention. This research has been provided the awareness to talent management that how to motivate employees and how to retain the talented employees within the business organization. The scholar has been identified that the talent management of company also determined the challenges to retain talented candidate within the organization. Literature review Theme 1: understanding talent management and its importance. According toAnsar and Baloch,2018talent management is refers to how employee recruit and develop a workforce that is as productive as possible in order to stay with organization for long term goal. Talent management are always work with the clients in order to manage day to day aspect of their career that is also including fielding, scheduling and making sure about the deadline in order to fulfil promised deliverables. In addition to this talent management help to attract, select and retention of employee in orders focusing on combination of human resource process. By considering the process this is related to employee engagement, workforce planning, performance development, learning and development etc. That is why talent management is one of the most rewarding specialism career routes for HR professional. Also, talent management is important for employees in order to focus on how employee can recruit and develop workforce which is related to productive as possible and then this is related to how long employee want to stay in company.Atrizka, Simanjuntak and Pratama, 2020 This is also helped to improve the performance of organization of business in order to focus on how to become competitive. Talent management also help to improve employee experience which has direct impact on client satisfaction and higher ROI. This is also helped to provide guideline in order to focus on business strategic goals that help to increase client satisfaction and performance of business. Also, this is necessary for creating warm environment to work and it
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helps to increase productivity and profitability in order to increased level of staff engagement on the basis of lower recruitment cost. Theme 2: Types of staff motivation strategies in retention of employees within Unilever plc. There are different types of motivation strategies are used by Unilever in order to focus on employee retention. According toNasiri and Bageriy,2020mentorship programsare held by company by pairing new employee on the basis of great component. In this process mentor are responsible for welcoming new comers as well as it help to offer guidance by sounding board andthennewteammembercanlearnfromexperiencedemployees.Also,employee compensationis another strategy which help to evaluate their salaries in order to focus on right pay and then providing bonus to them so that it help to provide them benefit of workings hard for getting bonus and other benefit such as job satisfaction, benefit and retirement plan. Then, on the basis ofwellness programit helps to keep the employee fit by mentally, physically and finanacially in order to leading employees by expanded and improved their wellness by offering during the pandemic and help employees accordingly.Claus, 2019suggested thatcontinuous feedback on performancehelp employee by reviewing performance in such way where employee cans get honest review regarding their performance as well as it is necessary to improve the professional goals. When employee get honest feedback they are trying to explore more in their life by focusing more on career advancement and work in better terms. Theme 3: To determine the challenges faced by talent manager in retaining talented candidate within Unilever plc As per the view ofRotolo and et.al., (2018)talent management has various opportunity and challenges while retaining the employees. Along with this, one of the major issues is related to monetary dissatisfaction as employee keep looking for change and each company has salary budget for the workers on the basis of their skills and abilities. However, retention become the challenge when the worker raise their expectation of salary compare to set budget of the company and not willing to compromise.Rotolo and et.al., (2018) has stated that company needs to take care of the interest of the worker so that dispute amongst employees can be
avoided. Another challenge is training and development for part time or temporary workers as they work on contractual basis and increase in the stake of the people in their work is bigger issues.Furthermore, some individual speak lies during the interview to get a job and it might delay the brand profanely of the company.Rotolo and et.al., (2018) stated that problem arise when there is wrong person for the right job and employee may lose a job when it has done the work under compulsion. So human resource need to be careful while recruiting new workers and check their reference in order to get right candidate and to avoid confusion later. Although most of the employees have unrealistic expectation form job may not be avoided as it may lead to misunderstanding and create issues within organization. RESEARCH METHODOLOGY Research type: It is consisting of two types such as qualitative and quantitative. In the present research qualitative method has been used in order to find the theoretical approach regarding the topic and it will have collecting the data and make the research more authentic. Moreover, motive behind making use of this method is to make the study look more authentic and appropriative. Along with this, quantitative method has not been adopted as it deals with facts and figures which is not useful for this topic (Jimoh and et.al.,2020). Research Approach:It is also consisting of two type inductive and deductive. In the current method scholar will adopt for inductive method as it will help in analysing qualitative data and help in finding relevant information. Along with this, the motive behind adopting this method as it helped in achieving the aim of the research effectively. However, deductive method has not been adopted as it is more related to quantitative method. Research philosophy:It is also one of the most crucial part of research as it allows in finding the right strategy for analyzing, collecting and processing the data. Along with this, it is consisting of two type such as interpretivism and positivism. In the present research investigator has adopted for interpretivism approach as it will make the qualitative method more reliable and authentic. Moreover, it has helped in analyzing the data which reflect different issues related to talent management. Data collection:It is known as method of collecting data from various source in order to complete the research on time. Along with this, it also important part of the research process as it helps in making the study look more reliable. In the current study the researcher has adopted for
both the method of collecting the data such as primary and secondary (Thamag and Motshegwa, 2021). For the primary method survey has been selected as way of collecting the data through questionnaire format.On other hand for secondary information books and journals, articles, blogs related to talent management has been adopted so that viewpoints of various author can be presented. Sampling:This method is known as evaluating the observation collected through survey of large population. In the present study, scholar has adopted for simple random method has been used under probabilistic method. In this 30 HR personal has been selected of Unilever in order to collect their raw opinion regarding talent management and its impact on retaining the employees. Data Analysis:This is known as method of analyzing the collected data in effective manner so to meet the key findings. Along with this, it is a practice of working with the data in order to meet the aims and objective of the research. There are two type of analysis such as SPSS and thematic for collecting the data. In the present report thematic method has been adopted in which various graphs and chart will be used to depict the data in presentable manner. Reliability and Validity:It is also one of the most important aspect in research in which scholar make use of authentic source for collecting the information. Furthermore, in the current study for improving the credibility of the research investigator has collected information form sources that has been published after 2019 (Priya, 2021). Along with this, articles related to talent management so that relevant information can be find out in effective manner. Moreover, for maintaining the validity of the study scholar has adopted for making use of the data from the copyright website so to achieve the aim of research efficiently. Research Limitation:In the current research the key limitation was lack of time and unavailability of the resources due to which thematic method has been used for finding the key elements and to wider the scope of research. Ethical consideration:It is one of the crucial part of the research that allow to get relevant information from the participant. Along with this, in the present report scholar has made the participant singed consent form that represent their willingness for participating. In addition to this, Data Protection Act has been used for protecting the personal information of the candidates.
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DATA ANALYSIS AND INTERPRETATION Theme: 1 Talent management is significant for retain employees 1.Doyouthinktalentmanagementis necessary for retaining employees? Frequency Yes10 not sure15 no5 Total30 Interpretation:out of 30 participants more that 10 % participants stated that talent management is important for retaining employees because they hire the employees, and they know that how to satisfy employees within the organization. However, there were 15% candidates not sure about that and 5% candidate stated that talent management are not important for retain employees. Theme: 2 Importance of motivation for employee’s retention 2. Do you think motivation is important for employee’s retention? Frequency
Yes15 No10 Not sure5 Total30 Interpretation:From the above table, 15 candidates said that the motivation are most important for the business to retain the employees within the organization. However, 10 candidates stated that the motivation are most important for employees and 5 candidates are not sure that it is important or not. Theme: 3 Employees motivation helps in improve retention rate of employees 3. Do you feel that staff motivation helps in enhancing employee retention rate? Frequency Yes20 No5 Not decided5 Total30
Interpretation:from the above analysis, the 20 candidate are feel that employee motivation helps in enhance the employee retention rate as well as that participants recommend that the company should use theories of motivation which helps in motivate employee effectively and improve the performance of employees rapidly. 5 candidates are said that it helps in increase the employee retention rate and 5 participants are not decided yet that motivation helps in enhance the employee's retention rate. Theme: 4 Recommend strategies for company talent management 4.whatstrategiescouldyourecommend Unilever talent management to retain talented employees? Frequency Training and developments10 Increase turnover10 Creativity5 Reward system5 Total30
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Interpretation:Out of 30 participants, 10 participants stated that the training and developments strategies must used for retain talented employees, 10 participants stated that increase turnover of employee helps in retain employees because turnover are first priorities of every employee, that they want to maintain their income statements, 5 participants stated that creativity are most important for retain the employee because it helps in attract them within the organization and 5 stated that reward systems also helps in attract the more employees and increase the retention rate. Theme: 5 Talent management effective strategies for retain employees 5. Does the organization have effective talent managementstrategiesfortheretentionof talented employees? Frequency Yes15 no5 not decided5 Total30
Interpretation:out of 30 participants, 15 participants stated that the organization have the effective talent management strategies for the employees retention and 5 candidates stated that Unilever company not have effective strategies to retain employees and also 5 candidates not decided yet that the organization have effective strategies to retain employees or not in within the organization. Theme: 6 Important roles of talent management in retain employees and motivated them. 6. Do you believe talent management plays a significantroleinmotivating&retaining talented employees with the company? Frequency Strongly agree10 Agree10 Neutral agree5 Disagree2 Strongly disagree3 Total30
Interpretation:from the above table and chart. Out of 30 employees, 10 candidates stated that they are strongly agreedabout that talent management play an important role in motivate and retain employees in Unilever company. The 10 participants agreed that talent management are important for employee motivation and 5 employees indicated that they are neutral agree with talent management are significant role in retain employees and 2 disagree and 3 participants strongly disagree that the talent management are significant for motivate and retain talented employees. Theme 7: Staff motivation types helps in retain employees. 7. What type of staff motivation helps in retain employees effectively? Frequency Extrinsic motivation10 Introjected motivation5 Identified motivation5 Intrinsic motivation10 Total30
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Interpretation:From the above table, out of 30 candidates, 10 said that extrinsic motivation is helps in retain the employees and 5 participants stated that introjected motivation types of staff helps in retain employees and 5 stated that identified motivation is most helpful in retain employees and 10 said that intrinsic motivation are wonderful to motivate and retain employees within organization. There are participants are review about the perception that which types of motivation helps in motivate employees. RECOMMENDATION Recommend to Unilever talent management to use some theories of motivation to motivate employees and it helps in motivate employee and also increase the retention rate of employees which are most important for company. The company should use the maslow hierarchy theory and the company should also pay salaries above and average to employees, and they must show appreciation towards the employees with respects (Modau, 2018). The company should provide feedback to employees with the helps of talent management and it helps in encourage to morale of employees as well as it helps in increase the retention rate of employees within the organization. scholar should recommend to organization that they have to motivate employees with the helps of providing training and developments and recruit the right employees which helps in accomplish the goals of business as well as that types of employees helps in build the morale of others employees. The retention of employees are most beneficial for employees, so
they should focus on employees and provide them positive working environments that helps in retain employees. CONCLUSION As per the conclusion, the research report discussed the talent management which are most important for the business and it is the role management and develop the competencies for the employees. The talent management is the tools for the employees engagement and also helps in retain employees which are most essential for the business because employees are the biggest assets of company. Unilever company provide the consumer services and retaining talented employees are most important to attract the employees. The research project elaborated the employee's retention rate in organization with the helps of motivation regards as according to authors andused the qualitative research in the report. Research has been elaborated with the data analysis and interpretation on the data base on employees participants. This report also discussed that the employees recommend the types of motivation which helps in retain the talented employees within the organization.
REFERENCES Books and journals Ansar, N. and Baloch, A., 2018. Talent and talent management: definition and issues.IBT Journal of Business Studies,14(2), pp.213-230. Atrizka, D., Simanjuntak, C.W. and Pratama, I., 2020. Ensuring Better Affective Commitment and Organizational Citizenship Behavior through Talent Management and Psychological ContractFulfillment:AnEmpiricalStudyofIndonesiaPharmaceutical Sector.Systematic Reviews in Pharmacy,11(1). Baharin, N.L. and Hanafi, W.N.W., 2018. Effects of talent management on employee retention: A case study of hospitality industry.Global Business and Management Research.10(3). p.697. Claus, L., 2019. HR disruption—Time already to reinvent talent management.BRQ Business Research Quarterly,22(3), pp.207-215. Jimoh, A. L. and et.al.,2020. Does Talent Management Practices Impact Service Quality in Nigeria?.Journal of Southwest Jiaotong University55(5). Modau, F.D., and et.al., 2018. Exploring employee retention and intention to leave within a call centre.SA Journal of Human Resource Management.16(1). pp.1-13. Mohammed,S.A.,2020.Theimpactoftalentmanagementstrategiesonenhancing organisational renewal capabilities.International Journal of Innovation, Creativity and Change.12(5). pp.1-13. Nasiri, F. and Bageriy, M., 2020. The Relationship among Talent Management, Organizational IntelligenceandEntrepreneurshipTendency.TheJournalofProductivity Management,13(4 (51) Winter), pp.173-193. Praise, A. S., Kah, J. M. and Raimi, L., 2020. Talent Management Practices and Gender Imbalance in Institutions: Impact on Institutional Performance.Dinasti International Journal of Education Management And Social Science.1(5). pp.796-810. Priya, G. S., 2021. A Study on Strategy of Employer Branding and its impact on Talent management in IT industries.Elementary Education Online.20(5). pp.3441-3441. Rotolo, C. T. and et.al., 2018. Putting an end to bad talent management: A call to action for the fieldofindustrialandorganizationalpsychology.IndustrialandOrganizational Psychology.11(2). pp.176-219. Thamage,M.A.andMotshegwa,B.,2021.TheRelationshipsofOrganisationalTalent Management, Professional Experience, Promotion Policy and Competitive Advantage in theDebswanaJwanengMine,Botswana.JournalofPublicAdministrationand Development Alternatives (JPADA).6(2). pp.32-47. 1
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APPENDIX Questionnaires 1. Do you think talent management is necessary for retaining employees? Yes no not sure 2. Do you think motivation is important for employee’s retention? Yes No Not sure 3. Do you feel that staff motivation helps in enhancing employee retention rate? Yes No Not decided 4.whatstrategiescouldyourecommendUnilevertalentmanagementtoretaintalented employees? Training and developments Increase turnover Creativity Reward system 5. Does the organization have effective talent management strategies for the retention of talented employees? Yes no not decided 6. Do you believe talent management plays a significant role in motivating & retaining talented employees with the company? Strongly agree Agree Neutral agree Disagree 2
ï‚·Strongly disagree 7. What type of staff motivation helps in retain employees effectively? ï‚·Extrinsic motivation ï‚·Introjected motivation ï‚·Identified motivation ï‚·Intrinsic motivation 3