Structure: Coursework A (20%) Introduction to RMBM Word Limit: 600 words

Researc Met ods !or Business " Mana#ement M$%00&&0'

(ame: IM)IA* A+M,% SI%: IA-0. LSM I%: /'&0ua1i!ication )it1e: Master in Business Administration (MBA) )it1e: Using Financial Incentives as a technique of retaining talent from Employees O !" #esco Conte2t o! 3our stud3 (a44ro25 200 words):

#his technique is $eing used $y all the $ig companies to offer incentives to their employees %ho increase their capa$ility and efficiency& It's also providing () per cent discount on privilege card %hich is provided $y #esco to employees only %ith plus points as %ell& *ust li+e #esco al%ays come up %ith ne% innovative products& ,lu$ card %as introduced $y #esco in -../ and it is a %ay of than+ing their customer $y offering additional incentives& #esco have al%ays $een careful a$out the ha0ards and safety of their employees& #hey provide their employees %ith $est equipment's i&e& safety shoes1 high vests and machinery& 2ith the help of these equipment's1 they are quite successful in preventing the accidents from happening& #esco have made one team %hich focuses only on the health and safety of their employees& #here is a separate agency in every %arehouse called 3ervest %ho are responsi$le for cleaning1 slip and trip ha0ards& From the first day #esco is focusing on pest control& #hat's %hy they have made so many pest control teams all around U4& All the stores and %arehouses are properly secured from any +ind of pest& #esco provide ama0ing deals for customers& #esco pay ama0ing pay rate as compared to other companies and competitive to minimum rate& ecently #esco have launched a charity partnership %ith 5ia$etes U4 to create healthier communities $y supporting those affected $y1 or at ris+ of dia$etes&

Aims and $67ecti8es (t is is not a 4art o! t e word count9 6ut inc1ude as an a44endi2): #o give +no%ledge a$out the $enefits that result in offering your employees %ith e6tra -:7age

incentives& Rationa1e !or t is stud3 (a44ro25: ;00 words) 2hat is the research issue8 #his research %ill help us in telling that the +ey factor of motivation for an employee is incentives& 2ith the help of these incentives you can retain the talent out of them& Incentives could $e in a shape of raise in salary1 $onus and encouraging your employees to $uy companies shares& Being a sta+eholder in your company gives you a $oost that if you %or+ hard then the company %ill have a surplus and in the end you %ill get 7rofit& #he more incentives you give to your employees1 the $etter they perform&

2hy is it an issue8 Motivation can $e in any %ay $y empo%ering your employees %hen delegating& 2ell it is a %ay of getting the $est out of your employees $y offering them different incentives& #he minimum %age rate for #esco employees is much greater than all the other retailers %hich are a $ig motivational factor for them& #hey %or+ very hard to get more incentives and $enefit their organi0ation&

2hy is it an issue no%8 It is necessary to +no% it no% so that incentive program is introduced in almost all organi0ations& It not only $enefits employees $ut actually company's get the real $enefit $y retaining the talent from their employees& Although this technique has $een %idely used $y all the $ig companies $ut small companies don't use it& #his is the reason that all these companies are quite productive and efficient in their %or+&

9o% this research can $enefit future developments8 2ith the help of this research1 Organi0ation %ill realise that ho% much $eneficial it is to give you employee's incentives and in return they put their hard %or+ for the company& #he Organi0ations can use this technique and lead their company to success& It %ill help the manager that ho% to deal %ith their su$ordinates& A financial incentive is %ay of inspiring employee loyalty to%ards company and increases its productivity& It %ould help all the organi0ations in determining the effective team player and they have the right person %ith right technical s+ills for the %or+ to $e done&

Re!erences: (:7age

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