BUSN20016 Research Project: HR Strategies for Pay Hikes in Crisis

This research project investigates the role of Human Resources in managing employee expectations for pay hikes during periods of business downturn. It identifies factors contributing to high attrition rates and examines the impact of employee attrition on companies. The study employs a mixed methodology, including a literature review of theories and research on employee attrition, secondary data collection from government sources and academic journals, and interviews with employees and management. The analysis focuses on HR strategies to maintain wage hikes despite low profit margins, addressing the challenges posed by globalization and increased competition. The research aims to provide insights into effective HR practices for employee retention during economic hardship, emphasizing the importance of employer branding and conflict resolution.

Running head: RESEARCH IN BUSINESS
Research in Business
Name of the Student:
Name of the University:
Author note:

1RESEARCH IN BUSINESS
Topic: Role and strategies of HR to cope up with the expectations of pay hike when the
business is not going good.
1. Problem Statement
The last decade undergone a immense growth in the world economy that has
escorted by revolution in technological front and radical changes in the way the
businesses were done in the earlier. The tremendous increase in globalisation in the
current business world has not only influenced the net result of the business but has
also made the job of Human Resource department tougher than ever (Aslam & Azhar,
2013). The rate of attrition is greatly increasing as well as the profit margin is going
down because of increase in competition (Candido, 2017). Hence, in this research
study, the role of HR team will be identified and discussed further to cope up with this
problem of employee retention.
2. Aim and objectives
This research aims to investigate about the role of HR department on the issue of
employee retention. It shall concentrate on the various HR strategies to maintain wage
hike in the low profit margin of the company. The objectives are to:
 Examine the factors that are responsible for the high rate of attrition of the
employees
 Determine the impact of employee attrition on the companies
 Determine the role of HR team behind the increase in employee attrition rates
within the company.
 Examine the factors that influence employees to quit their job
3. A brief methodology

2RESEARCH IN BUSINESS
In order to accurately assess the factors influencing the employee attraction
towards other companies, this study has chosen a mixed methodology to conduct the
same.
 Literature Review- The literature review shall include the theories, sources
and researches on the issues of employee attrition rates in the organisation. It
shall discuss on published information in relation to this subject or this chosen
topic area. It may also include the performance of the employees in the
workplace, their expectations from the workplace, the current economic
situation in different countries and organisation. The sources for the literature
review shall include government data and statistics, academic reports and
journals and other relevant reports available. They shall survey the literature in
the chosen area of study.
 Data collection methods- This data collection method is regarded to be the
process of collecting and measuring the data for the directed variables in a
systematic way. This method includes primary and secondary data collection
method (Palinkas et al., 2015). In order to conduct this study, secondary data
collection method shall be taken into consideration. It shall collect data and
information from industry or organisation sources, government, BPO and
other advocacy groups.
 Interviews- This study shall conduct interviews of the employees, other staff
and the higher management. It will take their reviews. Employees will be
asked about their perceptions and expectations towards their workplace. The
officers will be asked about what they think is influencing their staff to leave
their job and join other companies.
4. Secondary data and data analysis methods

3RESEARCH IN BUSINESS
This study will primarily depend on the secondary data collection methods in
order to gain a deeper understanding of the phenomenon of increased rate of attrition.
It will assess data and information from government sources and academic journals
and statistics present in the publicly available reports (Figurska & Matuska, 2013). It
will conduct several surveys, interviews and questionnaires with small group of
employees and officers individually. The primary causal factors for the high issue of
high attrition in the industries will be based on the qualitative research method by
using the secondary data. After collecting the data, all the variables and statistics shall
be structured in an Excel sheet for conducting a correlation analysis.

4RESEARCH IN BUSINESS
References:
Aslam, M. H., & Azhar, S. M. (2013). Globalisation and development: challenges for
developing countries. International Journal of Economic Policy in Emerging
Economies, 6(2), 158-167.
Candido, J., (2017). How businesses can handle the hikes in minimum wage. [Online]
Available at: https://www.theglobeandmail.com/report-on-business/small-business/sb-
money/how-businesses-can-handle-the-hikes-in-minimum-wage/article35166792/
[Accessed 20 March 2018].
Figurska, I. & Matuska, E., (2013). Employer Branding as a Human Resources Management
Strategy. Human Resources Management & Ergonomics, 7(2), pp. 35-51.
Palinkas, L. A., Horwitz, S. M., Green, C. A., Wisdom, J. P., Duan, N., & Hoagwood, K.
(2015). Purposeful sampling for qualitative data collection and analysis in mixed
method implementation research. Administration and Policy in Mental Health and
Mental Health Services Research, 42(5), 533-544.