The effect of financial incentives on employees motivation. A study on Marks and Spencer
9 Pages1413 Words85 Views
Added on 2020-10-05
About This Document
| |Business Context: | |Employees are important part for every organisation, thus Marks and | |Spencer is focusing on rewarding and compensating employees in order to| |improve their overall performance and in making its workforce| |effective and efficient. In order to attain suitable outcome for research, | |investigator have used secondary sources for gathering relevant| |information in less period of time over the chosen topic.| |What Strategy do you intend to propose or focus on?| |For the purpose
The effect of financial incentives on employees motivation. A study on Marks and Spencer
Added on 2020-10-05
BookmarkShareRelated Documents
Business ReportProposal
Report Title:“To examine the effect of financial incentives on workers motivation. A study on Marksand Spencer”.Business Context:Employees are important part for every organisation, thus Marks and Spencer isfocusing on rewarding and compensating employees in order to improve their overallperformance and in making its workforce effective and efficient. It will also helps in changingtheir work structure according to the dynamic business environment. . Management team ofMarks and Spencer is adopting various kinds of strategies in order to satisfy its workforce athighest level (Halpern, and et. al., 2015). It has been analysed that mainly this company isgiving importance to monetary sources for retaining motivating employees to work harder forreceiving more financial incentives. Project Questions:What do you want to identify in literature? Marks and Spencer is focusing on improving sales of its products by influencingemployees with monetary benefits. This research is conducted for the purpose of analysingimpact of financial incentives over workers motivation. In order to attain suitable outcome forresearch, investigator have used secondary sources for gathering relevant information in lessperiod of time over the chosen topic. What Strategy do you intend to propose or focus on? For the purpose of analysing impact of financial incentive over workers motivation,manager of Marks and Spencer have adopted strategy of communicating with its existingworkforce so that employees can easily understand about financial incentives. This will helpunderstanding their actual point of view as they are the only one who could express theirthoughts over the same things (Garbers and Konradt, 2014). Along with this, it can be said thatstrategy of collecting information of secondary sources is also beneficial as it directly providesinformation of some other researcher too.Which organisation demonstrates effective use of specific strategy that you intend topropose?It has been analysed that TESCO is also adopting these similar strategies of detailscollection from employees as well as gathering information from secondary sources with deep
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Concept of Reward System - PDFlg...
|9
|2388
|231
Impact of Staff Motivation Schemes on Employee Retentionlg...
|12
|2464
|467
Reducing Absenteeism through Employee Engagement Programmeslg...
|6
|1323
|157
Assessing Workplace Discrimination: Research Findings and Recommendationslg...
|15
|847
|86
Talent Strategies in Marks and Spencerlg...
|33
|5707
|464
Internal and External Analysis of Business Environment : Reportlg...