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Impact of Gender Pay Gap on Performance: A Study on Marks and Spencer

   

Added on  2023-01-12

26 Pages5667 Words84 Views
UNIT 6- MANAGING A
SUCCESSFUL BUSINESS
PROJECT

Table of Contents
INTRODUCTION...........................................................................................................................1
Aims and objectives....................................................................................................................1
Project management plan............................................................................................................2
Work breakdown and Gantt chart...............................................................................................4
Primary and secondary research..................................................................................................6
Data analysis and interpretation..................................................................................................8
Conclusion and recommendation..............................................................................................15
Reflection..................................................................................................................................16
REFERENCES..............................................................................................................................18
APPENDIX....................................................................................................................................19
Questionnaire............................................................................................................................19

INTRODUCTION
Background
Management of equality and diversity is very helpful for the business in managing the
business and for the success of the business. Equality is a concept which states that every person
within the company must be provided with equal opportunities for growth and development
(Fortin, Bell and Böhm, 2017). This refers to as the equal opportunities given to employees
irrespective of the act that which gender they belong to, their age, income level, cultural and
religious background, level of knowledge and experience and many other different
discriminating factors. On the other side, diversity is referred to as the fact that the employees
within the company are recruited from different countries and different cultural backgrounds. It
is very important for the company to manage both the equality and diversity within the
company.
Hence, the current research will focus on gender pay gap which is defined as the fact that
difference in the pay of employee on basis of gender. This need to be decreased if the company
wants to grow and develop because if the gap in pay will be high then employees will not be
comfortable working there. Hence, the current report will discuss the impact of high gender pay
gap on the working of Marks and Spencer. The current project will outline the working in
company and what will be the impact over the productivity and performance of the company if
they will have high gender gap in the pay of employees.
Aims and objectives
Aim
“To investigate the impact of high gender pay gap over the performance of employees with
respect to managing equality and diversity in workplace. A study on Marks and Spencer.”
Objective
To articulate the meaning of gender pay gap.
To examine the various impact which high gap in pay has on performance and
productivity of employees with respect to Marks and Spencer.
To evaluate the challenges which are faced by M & S in reducing high gender pay gap.
Rationale
The major reason behind the selection of gender pay gap is that this is the current
problem being faced by almost many of the companies. Thus, the research on this will help the
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companies in getting knowledge of ways of dealing with the gender pay gap. Also, another
major reason for the selection of this gender pay gap is the personal and academic interest of the
researcher. This is majorly because of the fact that the researcher wants to gain more knowledge
relating to the measures which can be used in order to manage the high gender pay gap within
the company.
Project management plan
Scope: In respect of attaining the projects, the scope is set for the project regarding maintaining
its quality and also choosing right path to gather relevant information (Chen, Kang and Lee,
2017). In this scope is ascertained by the companies who grab the information to bring changes
in their working style. It also helps the other authors to gather information which are conducting
research relevant to this topic.
Cost: To complete the project, the cost which is incurred is relating to £150 and the division of
cost is undertaken on the bases of stationary cost or electronic system. In major aspects, the cost
are needed in traveling allowances and thus it is necessary to manage the cost in better way.
Time: It is one of the necessary aspects to manage the time as the success of the projects is
undertaken through submitting the project within the particular time set. In this project, the time
is managed by preparing the Gantt chart in which the accurate time is set for the project
initiation to the project completion.
Quality: To manage the quality of the projects in right manner, it is necessary to reach to tutor
once the aim and objectives is prepared (Kusters, 2016). So, that through their guidance and
instruction, the changes are made within the stipulated time period. Quality is also maintained in
respect of collecting the data from secondary sources.
Communication: To present the research in different manner, original information are gathered
and thus the data is collected from the participants by raising questionnaire (Graf, Brown and
Patten, 2018). Through this manner, communication is being undertaken regarding collecting the
information which is different from the previous authors views.
Risk: The risk in these projects is undertaken in respect of time boundation. As limited time if
given for particular activity which result in not carrying the deep research for searching
particular things. The another risk which is associated in this research is relevant to lack of
managing resources. As to conduct research, higher resources are required so that information is
collected in right way and also useful information is to be interpreted. Thus, in respect of
2

completing the project the risk arise regarding facing government restriction in searching the
particular place.
Resources: The resources which are used in respect of completing the projects is related to
stationary, pen drive, laptops, traveling allowance and electricity which helps in completing the
research within the set time period (Harding, Nelson and Glover, 2016). It is necessary to
manage the resources for future perspective also, so that more accurate information are to be
collected and secured in better manner.
Milestone table:
Particulars Due date Justification
Aim and objectives 24/03/2020 2 days, so that after preparing
aim and objectives, it further
refers it to tutor for the
feedback. Through their
guidance and instruction the
changes are made.
Data analysis 13/05/2020 5 days, as changes occurs in
the environment which
resulting in bringing changes
in the company. Thus, 5 day
period is set for making
changes in the company
strategies or the reviews stated
by any authors in their
research.
Recommendation 19/05/2020 3 days, so that accurate
interpretation is done and then
recommended to the company
for better improvement.
3

Work breakdown and Gantt chart
Task Mode Task Name Duration Start Finish Predecessors
Auto
Scheduled
identifying the aim and objec-
tive for research 5 days Fri 3/20/20 Thu
3/26/20
Auto
Scheduled
planning for project manage-
ment 6 days Fri 3/27/20 Fri 4/3/20 1
Auto
Scheduled selecting research methods 8 days Mon 4/6/20 Wed
4/15/20 2
Auto
Scheduled making of the questionnaire 3 days Thu 4/16/20 Mon
4/20/20 3
Auto
Scheduled
distributing questionnaire for
collection of data 4 days Tue 4/21/20 Fri 4/24/20 2,4
Auto
Scheduled data collection 6 days Mon 4/27/20 Mon 5/4/20 5
Auto
Scheduled interpreting the collected data 10 days Tue 5/5/20 Mon
5/18/20 6
Auto
Scheduled
concluding and recommending
for improvement 4 days Tue 5/19/20 Fri 5/22/20 7
Auto
Scheduled Formatting 2 days Mon 5/25/20 Tue 5/26/20 8
Auto
Scheduled Taking feedback 4 days Wed 5/27/20 Mon 6/1/20 9
Auto
Scheduled
Doing changes as per the feed-
back provided 6 days Tue 6/2/20 Tue 6/9/20 10
Auto
Scheduled Final submission 1 day Wed 6/10/20 Wed
6/10/20 11
4

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