This report analyzes the work-related management of Wesfarmers, including strategies, practices, and outcomes in relation to motivation, learning, and diversity and people management. Recommendations are provided.
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Running head: WORK BUSINESS IN WESFARMERS WORK BUSINESS IN WESFARMERS Name of the Student Name of the University Author Note
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1WORK BUSINESS IN WESFARMERS Executive Summary The aim of this report is to analyse Wesfarmers, an Australian company, by using the concepts,theoriesandframeworksofmotivation,learninganddiversityandpeople management, and identifying the major issues or problems faced by the company and to solve by using the relevant application of the theories. Recommendations are also provided at the end of this report.
2WORK BUSINESS IN WESFARMERS Table of Contents Introduction................................................................................................................................3 Background................................................................................................................................3 Major Strategies and Practices...................................................................................................3 Analysis of the Applications......................................................................................................6 Recommendations......................................................................................................................8 Conclusion..................................................................................................................................8
3WORK BUSINESS IN WESFARMERS Introduction In this report, the aim will be to discuss about the work-related management of Wesfarmers, including strategies, practices, processes and the outcomes and analyzing and assessing all these relations in relation with the motivation, learning and diversity and people management. Background Wesfarmers Limited is a conglomerate company based in the city of Perth, Australia, and founded in 1914, as farmers’ cooperative of Western Australia. It has its presence in New Zealand, Ireland, India and United Kingdom, apart from Australia. They are present in office supplies, clothing and general commodity, home improvement and outdoor living, industrial and safety products, chemicals, coal mining and fertilizers. The revenue earning of the company is approximately AUD 70 billion. Wesfarmers is the largest Australian company in relation with revenue earning, and largest private employer, with near about 223,000 employees working there and a shareholder base of 490,000 approximately. They provide a healthy and satisfied working environment for the employees. They motivate enough their employees to learn fresh things and implement them in their own area and manages the diversified employees tactfully present globally. Major Strategies and Practices Wesfarmers takes the help of a number of blueprints to motivate their employees to effort hard, such as valuing their employees, offering accolades, providing scopes to learn and upgrade themselves, and caring the civil causes. In order to realise the strategies, it is important to realise the meaning of motivation. Motivation is the logic for the action of the people, eagerness and their goals.Motivation happens from the communication between
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4WORK BUSINESS IN WESFARMERS awake and unconscious factors like the passion or force of desire or want or need, reward and recognition value of the aim, and the beliefs of the individual and of their associates. Most of the employees require motivation to have a feeling of betterness about their jobs and perform excellently.AgoodcapacityofthestrategiesusedbyWesfarmerstomotivatetheir employees are based on making employees feel valued.Wesfarmers believes in the statement of delivering the value today and tomorrow. Like valuing their shareholders, Wesfarmers performs many task to motivate their employees to give their best, as motivation the level of motivationhasa directimpactontheproductivityof theemployees.Themotivated employees feel excited about their jobs and perform their responsibilities to the best of their capability and thus, increases the production of Wesfarmers.They offer their employees flexible working hours and a decent andambitious salary, to bolster the feelings of their employees of being valued. By using these strategies, Wesfarmers has been able to establish an organisational culture of acceptance, involvement and variety, which helps to increase the feelings of valuing the employees. Research has been done on the employees of Wesfarmers. The aim of the research is to find the impacts of motivation on the employees on the issue of labour turnover. The aim of the study was to know about the applications of the models of human resource, and the survey was done among the present as well as past employees of Wesfarmers, in order to judge the causes and subsequent consequences of motivation on the employees. Through the research, it was found that motivational factors related to the motivation of the employees by the help of diversity as well as basic job satisfactions. There are also hygiene factors which included monetary and non-monetary privileges given to the employees. In addition of using these strategies, Wesfarmers uses accolades to encourage their employees. Employees who work for more than 40 hours per week, and on holidays, get incentives and other perks which includes health coverage, 40% percent in store discount as well
5WORK BUSINESS IN WESFARMERS as bonuses, time off programs. They also use recognition programs, to recognise outstanding achievement on service and sales. Wesfarmers also help picnic once in a year for each of their division and refreshment programs twice for their divisions. Another action plan that Wesfarmers uses to encourage their employees, is providing their employees the scope to learn both officially and naturally. Official learning at Wesfarmers includes the training programs for the employees, coal miners and managers. Apart from these, employees have the opportunity to learn from naturalprocesseslikecontinuouslearningthroughon-sitehands-ontrainingandtraining materials provided by the company. Training and health related classes are taken to the miners and people engaged with chemical and fertilization division as well as industrial and safety products. In addition to providing scopes to learn, Wesfarmerspresent themselves as an organization that values civil causes, to motivate employees. They also motivate the employees by increasing the variety of skills, identification of tasks, autonomy and feedback. Wesfarmers are successful to make understand their employees that motivation is the key to improve the performance. They try their best to solve the queries of the employees and to satisfy their basic needs, setting the work related goals and restructuring the jobs accordingly to the requirements by discussing with the senior level management and providing rewards on each and every level of the performance, in cash or kind. All the divisions of Wesfarmers provide many job-specific and career improvement learning and training opportunities that includes improvement of technical skills, providing customer service, leadership skills, performing team work, and many more. These programs are available to permanent, temporary employees, whether part-time or part-time. From the group level, Wesfarmers provides opportunities for personal learning and preparing new skills, to help each and every employee feel motivated and taste the success. Wesfarmers invests a good amount of money in personal training for the employees with the help of education, training and scope for continuous growth. Personal learning has resulted the company to have more satisfies and flexible employees, a developed corporate environment for modernization and more opportunity
6WORK BUSINESS IN WESFARMERS for organizational cross-functional learning. Mission of every company is to satisfy the customers according to their needs and wants to achieve the business objectives. This can be achieved if the employees are modern and very educated, which is possible by paying attention to organizational learning. Wesfarmers continuously train and develop their employees so that they can achieve the basic ability needed for gaining the competitive advantage over others. Proper learning helps the employees to deliver innovative ideas, which helps the growth of the employees as well as the company.E-learningas well as classroombasedtrainingareconductedandsurveys are performedthroughdistributingquestionnairesamongtheemployeestoknowabouttheir requirements, queries and ideas for further improvements. Wesfarmers, a company that has diverse employees, enjoys a better understanding of the global marketplace. Diverse companies help in higher productivity and profit. The human resource department faces a lot of challenges to meet the diversity goals of the company. Wesfarmers focuses on reflecting their customers, which means the demand to manage the internal workforce diversity to timely meet the requirements of externally diversified customers. Analysis of the Applications There are many theories applicable to motivation, learning and diversity and people management.WesfarmersfollowedHertzberg’sTwo-FactorTheoryofMotivatorand Hygiene factors. The company held a competition within each and every division and stores twice in a year. The winner from each division are again faced to challenge each other and the ultimate winner is handed either with a promotion within the division or to some other division. He or she may also get a chance to relocate to other countries. In another case, many workers were performing strike in front of the factories and coal mines, due to the non- payment of salary and not following the company policies. Wesfarmers had no option but to satisfy them by increasing the wages and other terms and conditions.This theory indicates that for the happiest and most fruitful workforce, the company need to work on improving
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7WORK BUSINESS IN WESFARMERS both motivator and hygiene factors.To motivate the employees of Wesfarmers, the company guaranteed they feel appreciated and supported when they are appreciated. The company make sure that the employees accept the way to grow and advance through the company.To avoid job dissatisfaction, the employees of the company feel that they are conducted rightly by offering them the best possible working conditions and fair pay, and they also paying concentration to the team and arrange supportive relationships with them. Wesfarmers also follow the Hawthorne Effect. This effect suggests that employees will work harder if they know they’re being observed. If you show your employees that you think about them and their working conditions, it may also encourage them to work harder. Wesfarmers encourages the entire group of workers and employees to give feedbacks and suggestions about the workspaceandimprovement.ThecompanyalsofollowstheAttributiontheory.Itis concerned about the way a learner explains the concept of successes and failures. Wesfarmers measures the attributes from the performances of the employees of the organization and reward them accordingly. Vroom’s Expectancy Theory is also followed by the company. It separates the effort, achievements and the consequences. Vroom's expectancy theory believes that behaviour results from certain or attentive choices among options available whose intention it is to inflate pleasure and to decrease pain. Vroom executed that an employee's performance is based on exclusive factors such as identity, abilities, education, experience and skills. It was stated that effort, achievement and encouragement are linked in a person's motivation. The theory is based on three elements: 1.Expectancy– the faith that the effort will result in the desired goal. Based on the past experiences of Wesfarmers, the company measures the self-confidence of the employees and let them understand the difficulty to achieve the career as well as company objectives. 2.Instrumentality– this is the faith that the employees will receive a reward if they meet achievement expectations. This helps the employees to work harder to be felicitated by
8WORK BUSINESS IN WESFARMERS Wesfarmers,who praisestherightemployeeattherighttimeandtherightplace. 3.Valence– the worth of the place on theaccolades. The key here is to set doable goals for the employees and provide accolades that they really want.Accolades don’t have to come in the form of hike in pay, bonuses or all-expenses paid nights out. Acclaims, scopes for advancement and “employee of the month” style accolades can go for a long way in motivating your employees. For example, PWC recently offered total flexibility to all the employees of the organization, the second positioned organization in the list of top employers of Australia. In another case, KPMG, the number one Australian employer, commenced a campaign to motivate their employees, which started ona historical video showing the involvement of the company in historic events. Recommendations Based on the above analysis, it is obvious that Wesfarmers uses a number of effective plan of actions to encourage their employees to work hard. Still, in order for the company to keep their employees encouraged at the maximum level in modern day’s ever-changing business environment, they not only need to carry on the use their current encouragement strategies, but also need to guarantee that they are following the approaches in research on the danger to employees’ motivation, such as a lack of participative decision making. To address the concern of decreased motivation due to a lack of involved decision making, Wesfarmers have to increase involved decision making by listening and considering employees’ ideas when making business decisions, which is the way for the employees to be motivated to work hard.
9WORK BUSINESS IN WESFARMERS Conclusion From the above report, it can be concluded that Wesfarmers realizes business results by continuously developing and training their employees, as well as motivating them enough to give their best in their respective fields. The above discussed approaches provide ways and means of making learning and development programs effective. The methods and approaches followed by the Wesfarmers helps the employees to remain committed to the organization and also makes them productive and successful.
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