The Impact of Reward Management on Employee Retention at Sainsbury

Verified

Added on  2020/07/23

|10
|2652
|131
Report
AI Summary
This report evaluates the effect of reward management on employee retention, focusing on a case study of Sainsbury. The introduction establishes the importance of employee retention for profitability and customer satisfaction, emphasizing the role of effective reward systems. The report outlines research objectives, including understanding employee retention, innovation processes, brand image maintenance, and Sainsbury's business activities. It identifies a research problem related to innovation and customer attraction, and defines the research purpose as maximizing profit through improved employee performance. The report poses research questions concerning business motives, innovative technology, and the impact of modern technology. The literature review explores the effect of employee retention, innovation, brand image maintenance, and Sainsbury's business activities. The research methodology outlines research philosophy, design, and approach, while limitations and a project schedule are also provided. The conclusion reiterates the significance of employee retention and reward management for business success and market promotion.
Document Page
Evaluating the impact of
reward management on
employee retention ( A
case study of Sainsbury)
topic
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Table of Contents
INTRODUCTION...........................................................................................................................1
Aim..............................................................................................................................................1
Research Objectives ...................................................................................................................1
Research background..................................................................................................................1
Research problem........................................................................................................................2
Research purpose- ......................................................................................................................2
Research questions......................................................................................................................2
Literature review-........................................................................................................................2
Research Methodology...............................................................................................................4
Limitation....................................................................................................................................4
Project schedule..........................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
Document Page
TOPIC-To have Evaluation on the effect of the reward management on the employee
retention ;(A case study of sainsbury)
INTRODUCTION
The employee retention is main reason in order to haveproductivity and profitability of
firm can be enhanced. This reward management is the system with the help of which the firm can
able to expand their business activities. The good services and effective wage rate the firm is
able to maintain the customer momentum in the market. The Sainsbury need to make effective
strategies so that the customer can satisfied with the product and services. The various measures
is need to be taken with the help of which firm is able to deliver good and effective services to
the customers. The present filer is focusing on the activities of the Sainsbury. It is the world
largest global chain market. This firm is having large amount of market share. The main motive
of this firm is maintained the brand image so that firm can able to deliver good services to
customers.
Aim
The main aim is to have effective evaluation on the effect of the reward management on
the employee retention :(A case study of sainsbury)
Research Objectives
1. To understand the effect of employee retention.
2. To understand the process of innovation so that firm is able to enlarge its operation.
3. To maintain the brand image of the business enterprise so that customers are able to
deliver the good services.
4. To study the business activities of the Sainsbury.
Research background
Main motive of the firm is to earn large amount of profitability so that firm is able to
cope up with the oppression of business effectively. With the help of some kind of modification
the firm is able improve performance level of firm. In order to provide high quality service to
customer business enterprise need to provide good salaries to employees with attractive reward
system so that they can Abel to deliver the good services in firm for long time. This kind of
activities are helpful in relation to maintain customer momentum in market. This kind of
1
Document Page
activities can be done with the help of understanding the various number of customer in the
market so that firm is able to attract the customers in the large manner. In order to carry out the
research in effective manner, The various kind of measure and effective policies need to be
formulated so that market can enlarge the business oppression effectively. The employees are the
backbone to the business enterprise in this manner they need to maintain the brand image in the
market.
Research problem
The research problem is the clear expression of anything in the statement of the projects.
In this the various kind of the things is to be eliminated so that proper conclusion is to be made.
The problem in this relation is to having less innovation problem due to this customer are getting
attracted towards the other thing this kind of the situation is occurring many kinds of issues. The
main of the research project is to identified the specific problem so that proper conclusion can be
drawn in the effective manner.
Research purpose-
The main of this research is to gain maximum level of profit so in this manner they need
to bring improvement in the performance level of the people this thing can be done with the help
of providing effective training facilities to the person who are engaged there. It is very essential
for the firm like Sainsbury to understand the need of upgraded technology so that person can use
this thing in the effective manner. The good technology is always helpful in relation to bring the
wide variety of the innovation in the business enterprise. In order to carry out the research in the
effective manner it is very essential to understand the need of the customer. With the help of this
firm is capable to take effective step in order to provide good services to them. By delivering the
better and effective services the organizations able to earn the large amount of profitability and
productivity.
Research questions
What are the main motive of the business in relation to get the maximum amount of
profitability.
Why there is the need of using innovative technology.
What are the effect of modern technology on the business activities of the sainsbury.
Literature review-
To understand the effect of employee retention-
2
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
According to has been said that it is very essential to understand the effect of the
employee retention to make this process effective the people need to work in the most effective
and appropriate manner. The employees need to provide good salary and wages benefit so that
they can be able to survive in the firm for the longer period. According the view of has been
said that positive workforce is the main motive with the help of which the workers care able to
work in the organization in the effective manner. The employees whoa re engaged in the
hazardous process they need to provide safety for their health. In this manner the firm need to
pass the effective laws and legislation so they are able to perform the activities in effectual and
expert manner. As per the view it has been stated that the benefits to the employees are they
point in order to maintain the employee retention in the firm.
To understand the process of innovation so that firm is able to enlarge its operation-
According to the view of has been said that the innovation is the major issue which is
need to be taken by the organization during the various intervals. With the help of the innovative
approaches the firm is able to do its operation in the effective and efficient manner. To work in
this manner the organization need to take effective steps so that they are able to hire the skilled
workforce with the help of them they are able to do all the activities in the innovative manner.
The saisbury need to produce those produce which is able to gather the attraction of various
number of customers. According to the view of it has been stated that this kind of facility are
very helpful in relation to maximum amount of profitability and productivity. The innovations
the wonderful technique with the help of which firm is able to maintain its brand image in the
market for the longer period.
To maintain the brand image of the business enterprise so that customers are able to
deliver the good services-
According to the view of it has been stated it is very essential to maintain the brand
image of the firm in market with the help of this kind of activities the firm is bale to attract the
various number of customers. The customer retention is the key element which is need to be
focused. The employees will towards it if they are providing good monetary benefits. This kind
of the activities are very helpful in relation to maintain the large amount of profitability and the
productivity. As per the view of it has been stated that the good and effective product in the
organization is the result of hardworking of the employees. The good technology is always
helpful in relation to bring the wide variety of the innovation in the business enterprise. In order
3
Document Page
to carry out the research in the effective manner it is very essential to understand the need of the
customer. With the help of effective facility to the employees the firm is able to maintain the
employees' retention rate. This kind of the activities are very helpful in order to enhance the
brand image of the business enterprise.
To study the business activities of the Sainsbury-
According to the view of it has been stated that it is very essential to understand that the
organization need to be understand from the each concept so that the effective and efficient
business activities can be run to make it more successful. With the help of the good approach and
best strategy the firm is able to maintain the employee retention. This kind of the activities are
very helpful in order to earn large amount of profitability in the business. The employee retention
is the important advantage with the help of this they are able to attract the large number of
customers in the market. This kind of activities are very essential in order to facilitate the and
promote the market. The firm need to provide various kind of the benefit to the employees sio
that they re able to survive in the firm for the longer period.
Research Methodology
To conduct the appropriate research it is very essential to undertake the each activity in the
proper manner. With the help of this kind of activity the firm is able to run its operation in the
effective manner. This is inclusive of the following things are as-
Research philosophy- In this it is very essential to gather the proper and appropriate result so
the important information can be gather easily. This is inclusive of two kinds of method are as
positivism and interpretative.
Research design- This are divided into three type such are as descriptive, experimental and
exploratory. With the help of this kind of the technique the firm is able to carry out the operation
in the expert manner.
Research approach- This kind of the function can be divided into the two parts are as inductive
and deductive approach. The main aim of this research is to be focused on information this can
be done with the help of the inductive approach. On the other hand the deductive approach work
in relation to testing the theory with the help of the various kind of the experiments.
Limitation
These are defined in the following manner are as-
4
Document Page
In this the research is to be taken in the effective manner so that the impressive conclusion can be
made. In this it is very essential to provide various things which is bale to maintain the rate of
employee retention.
Project schedule
Activit
y
1th
Week
2nd
Wee
k
3rd
Week
4th
Wee
k
5th
Week
6th
Week
7th
Week
8th
Wee
k
9th
Wee
k
10th
Week
resear
ch
Topic
Litera
ture
Revie
w
Drafti
ng of
metho
dology
Finish
Propos
al
Design
questi
on and
pilot
resear
ch
Carry
out &
Recor
5
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
d
Resear
ch
Discus
sion
and
Concl
usion
Final
Report
Editin
g &
Compl
etion
CONCLUSION
Hereby it has been concluded that The employee retention is main reason in order to have
productivity and profitability of firm can be enhanced. This reward management is the system
with the help of which the firm can able to expand their business activities. The employee
retention is the important advantage with the help of this they are able to attract the large number
of customers in the market. This kind of activities are very essential in order to facilitate the and
promote the market. The various kind of measure and effective policies need to be formulated so
that market can enlarge the business oppression effectively. The employees are the backbone to
the business enterprise in this manner they need to maintain the brand image in the market. The
present report is covering of the following activities such are as research, proposal, define and
various things which is helpful in relation to identified the important elements. The good
technology is always helpful in relation to bring the wide variety of the innovation in the
business enterprise. In order to carry out the research in the effective manner it is very essential
to understand the need of the customer.
6
Document Page
REFERENCES
Journal & Book
Andriole, S. J., 2012. Managing technology in a 2.0 world. IT Professional, 14(1), pp.50-57.
Bucolo, S. and Matthews, J.H., 2011. Design led innovation: Exploring the synthesis of needs,
technologies and business models. In Proceedings of Participatory Interaction
Conference 2011.
Davidson, E. and Vaast, E., 2010, January. Digital entrepreneurship and its sociomaterial
enactment. In System Sciences (HICSS), 2010 43rd Hawaii International Conference
on(pp. 1-10). IEEE.
Flick, U., 2011. Introducing Research Methodology: A Beginner's Guide to Doing a Research
Project. SAGE.
Andriole, S. J., 2012. Managing technology in a 2.0 world. IT Professional, 14(1), pp.50-57.
Bucolo, S. and Matthews, J.H., 2011. Design led innovation: Exploring the synthesis of needs,
technologies and business models. In Proceedings of Participatory Interaction
Conference 2011.
Davidson, E. and Vaast, E., 2010, January. Digital entrepreneurship and its sociomaterial
enactment. In System Sciences (HICSS), 2010 43rd Hawaii International Conference
on(pp. 1-10). IEEE.
Flick, U., 2011. Introducing Research Methodology: A Beginner's Guide to Doing a Research
Project. SAGE.
Franklin, M., 2012. Understanding Research: Coping with the Quantitative - Qualitative Divide.
Routledge.
Grafton, J., Lillis, M. A. and Mahama, H., 2011. Mixed methods research in accounting.
Qualitative Research in Accounting & Management. 8(1). pp.5–21.
Harrison, L. R. and Reilly, M. T., 2011. Mixed methods designs in marketing research.
Qualitative Market Research: An International Journal. 14(1). pp.7-26.
Ihantola, E. and Kihn, L., 2011. Threats to validity and reliability in mixed methods accounting
research. Qualitative Research in Accounting & Management. 8(1). pp.39–58.
Mackey, A. and Gass, S. M., 2015. Second language research: Methodology and design.
Routledge.
7
Document Page
McGrath, H. and O'Toole, T., 2012. Critical issues in research design in action research in an
SME development context. European Journal of Training and Development. 36(5).
pp.508–526.
Obeidat, R. and Abu-Shanab, E., 2010. Drivers of E-government and E-business in
Jordan. Journal of emerging technologies in web Intelligence, 2(3), pp.204-211.
Peppard, J. and Ward, J., 2016. The strategic management of information systems: Building a
digital strategy. John Wiley & Sons.
8
chevron_up_icon
1 out of 10
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]