Benefits of Reward and Recognition in Retaining Employees in Retail Sector: A Study on Tesco

Business Research
(The benefits of reward and recognition
in retaining employees within retail
sector)

Contents
INTRODUCTION...........................................................................................................................1
Research Aim...............................................................................................................................1
Research Objectives.....................................................................................................................1
Background of the research.........................................................................................................1
Research Questions......................................................................................................................2
Rationale of the research..............................................................................................................2
INITIAL LITERATURE REVIEW.................................................................................................3
The concept of employee retention and reward and recognition in context of the UK retail
sector............................................................................................................................................3
Types of reward and recognition provided by the Tesco for motivating their employees..........4
Benefits gain by Tesco by providing reward and recognition for retaining their employees......4
The challenges that may faced by the Tesco due to inappropriate rewards and recognition at
workplace.....................................................................................................................................5
METHODOLOGY..........................................................................................................................7
FEASIBILITY.................................................................................................................................9
REFERENCES..............................................................................................................................10
APPENDIX ...................................................................................................................................12
Research Ethics Checklist – Undergraduate Students.....................................................................1

INTRODUCTION
Research Aim
To determine the benefits of reward and recognition in retaining employees within the
UK retail industry. “A study on Tesco”.
Research Objectives
 To understand the concept of employee retention and reward and recognition in context
of the UK retail sector.
 To identify the types of reward and recognition provided by the Tesco for motivating
their employees.
 To determine the benefits gain by Tesco by providing reward and recognition for
retaining their employees.
 To identify the challenges that may faced by the Tesco due to inappropriate rewards and
recognition at workplace.
Background of the research
Employee retention is described the one of the primary goal of the company in order to
keep their talented employees as well as reduce turnover by providing a positive working
environment, competitive salary and other benefits, healthy work-life balance as well as showing
appreciation to employees for promoting engagement within their workplace (Antony, 2018).
Rewards and Recognition is described the system where the people are acknowledged or
recognised for their effective performance within the intrinsic or extrinsic ways. There are many
types of rewards and recognition that an organisation provide to their workers for making them
feel motivated to work efficiently and effectively in the company. Rewards and recognition plays
a very important role in an organisation as it create greater employee engagement that increases
retention as well as help in creating more positive working environment in the organisation. It is
important for every organisation to provide effective rewards and recognition to their employees
so, they feel motivated and encouraged in order to give their best efforts in their performance
(Pandita and Ray, 2018). It also help them to retain their highly skilled employees for achieving
their organisational goals and objectives in better manner. Thus, the following research proposal
is conducted for determining the benefits that the company gain by offering effective rewards
and recognition for retaining their skilled employees. In the current research proposal, chosen
1

company is Tesco, an international merchandise organisation of United Kingdom. The stores of
the company consist wide range of products in order to fulfil the daily needs and wants of their
potential customers. The research proposal covers research aim and objectives, literature review,
methodology as well as feasibility use in this research.
Research Questions
 What is the concept of employee retention and reward and recognition in context of the
UK retail sector?
 What types of reward and recognition provided by the Tesco for motivating their
employees?
 What are the benefits gain by Tesco by providing reward and recognition for retaining
their employees?
 What are the challenges that may faced by the Tesco due to inappropriate rewards and
recognition at workplace?
Rationale of the research
The primary reason for the chosen of this research topic is to gain knowledge regarding
the rewards and recognition as well as employee retention in the organisation. This research
provides the knowledge regarding the benefits that an organisation gain while providing the
effective rewards and recognition to their employees (Younies and Na, 2020). There are two
main purpose of the investigator for selecting this research topic and that are defined as personal
and professional. The personal objective of the investigator is to acquire broad knowledge
regarding the research topic. On the other side, the professional purpose of the investigator is to
use this knowledge in their professional career in order to conduct their job in better manner.
Employees are most valuable assets for the company that helps in achieving the organisational
goals and objectives. Employees expect effective rewards and recognition from their employers
so, they perform their job in better manner. The following research provide knowledge about the
different types of rewards and recognition that a company can provide their employees so, they
perform their in better manner. The following research helps company to retain their skilled
employees in the organisation by providing effective rewards and recognition to them.
2