Motivational Factor at Tesco Essay Example for Free

Motivational Factor at Tesco EssayThese theories concentrate of the benefits and importance of motive, thus far researcher found it necessary for this research to consider that as it is mentioned by Vercueil, 2001 incorrectly implemented penury prudence causes a harmful affect on the employees. Watt, 1998 refers to Anon saying that in the past indigence could be identifies as a way to deliver people fate what we want and differs it from manipulation that makes individuals do what we want. notwithstanding today as it mentioned by Bruce and Pepitone, 1999 modern employees are much more sophisticated and are in search for a greater satisfaction from the job they are doing. Artificial reward or money alone are nor enough. Therefore modern organisations motive to learn and understand human spirit as it indicates why people in these case employees behave in a fall inicular manner. Managers need to motivate the employee leading to a grater working performances and mainly ma nagers have to understand their employees needs and their life brass section in order to meet the employees expectations and motivate ones performance more efficiently. Staff retention is a remarkable element of every successful business.It is characterized by the employees desire to sustain in the placement and continuing role to the business. In times of economic crisis more and more individuals have to stay at their jobs even if conditions are not favorable due to a risk of being unable to provide for a family. However more and more individuals are raising the importance of provide penury management. governances today have recognise that a modern employee needs to be rightly motivated and encouraged, not only(prenominal) money wise, to moderate staff retention.Motivation is a baron that stimulates people to perform an action. Therefore need is a force which compel people go to their work every day and that is why people bring progress in themselves to satisfy the desi re of becoming or accomplishing what they have set out to become or accomplish in their life. More over with motif any complicated situation can be converted into a simple and learning experience. In his research Watt, 2003 also states that managers must understand that individuals want to be treated fairly and have equal opportunities to advance.He highlights the problem of motivation today. Often system of ruless do not recognize that the motivation management requires different approaches depending on the industry sectors. The problem of motivation and staff performance as it is stated by Green et al, 1999 might stay undetected, hidden and unresolved by the managers. Therefore managers often dont realize that it is important not only to appeal to the individuals intellect but to their hearts as well. Green et all, 1999 also identifies three main problems for motivation Lack of confidence Lack of trust Lack of satisfaction Well designed and implemented motivation strategy lead s to employees retention therefore employees loyalty. Loyalty is a significant and vital part of any organisation. As it is mentioned by Daft and Marcic, 2011 management should learn to allow all it s employees make a contribution and use its talents and potential in order to progress and improve their skills. This sort of motivation creates employees retention and ensures ones constant grow and contribution to the familiarity. TK MAXX has a well developed reward and development management.Organization believes that its people should be growing as well as the business. From the first time the employee joins the company organization provides a comprehensive induction programs and ensures that whether it is about moving up the career ladder, learning and development of newfound skills or gaining experience working in different countries there are plenty of available opportunities for the employees. federation has a strong rewards and benefits system, pension scheme, holidays, priv ate healthcare and voluntary benefits as a part of its employee motivation and ensures of employees happiness and satisfaction.All this provides companies growth and efficient performances with a high rate of employees retention. Researcher believes that T. K. ooze is a real example of a right motivation management. Organization aims at ensuring satisfaction of its employees and at the same time ensures a solid growth and development for the business. Therefore the researcher wanted to turn up the motivation strategies used by T. K. Max and analyze its effect on the employees. 1. 3. The Company Background The organization that we have chosen for our research is one of the most successful retailers in the commercialise today. T. K.Max management in the Uxbridge branch were excited and happy to participate in our research and granted us with a permission to use the organizations name in this investigation. T-K Maxx is a chain of clothing and accessories stores. The company was launc hed in 1994. It is a subsidiary of TJX Companies Inc. (TJXtra, JUNE 2010) TK MAXX always aimed to deliver frequently changing and best quality products at a price which is 20-60% less than other department and specialty stores regular prices. TK MAXX has label of Always up to 60% less and has target customers who is middle to upper-middle income shopper.But simultaneously who are fashion and value conscious. T. K. MAXX is at one time 7th largest fashion retailer in the U. K. It introduced the off price concept in the UK and it is now the only major off-price retailer in Europe. It was operating in UK and Ireland. Later on T. K. Maxx opened first stores in Germany in 2007 and also entered in Poland in 2009 (TJXtra, JUNE 2010) The reason why we the researcher choose TK-Maxx as an organization is its market share and the enormous global scale that its operate. Having its unique position in UK market T. K.