A CASE STUDY OF ICELAND
UNITED KINGDOM, ENGLAND, LONDON
(STORES: LAYTONSTONE & GANTS HILL).
By
MBA STUDENT
ADNAN USMAN
STUDENT NUMBER: 109811
A DISSERTATION PRESENTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE DEGREE
MASTER OF BUSINESS ADMINISTRATION (MBA)
UNIVERSITY OF SUNDERLAND
SEPTEMBER 2011
-------------------------------------------------
Declaration
The work I have submitted is my own effort. I certify that all the material in this Dissertation, which is not my own work, has been identified and acknowledged. No materials are included for which a degree has been previously conferred upon me.
MBA STUDENT
ADNAN USMAN
Date: 18/01/2012
-------------------------------------------------
Abstract
The retention of human resources has been shown to be momentous to the development and the accomplishment of the organization’s goals and objectives. The primary aim of this study is to explore the main factors that affect workforce retention in the United Kingdom based company known as ICELAND. 35 surveys distributed to two stores of Iceland located at Leytonstone and Gants hill workforce. The survey questions designed to determine three elements of retention Training and Development, Challenging work assignments and opportunities and Remuneration and Recognition
The result of the study shows that benefit factor such as Training and career development opportunities were rated as most important to the Company workforce, to arrange the training program of the better results for the employees.
The primary data were collected by internet, questionnaire, survey and personal interviews. The pilot test was carried out to corroborate the questionnaire with the observed result. Once all the data were collected, they were analyzed in order to determine the different factors impacting employees’ retention. All of the tests were satisfying which helped me conclude that Employee’s
References: Abassi SM, Hollman KW (2000). "Turnover: the real bottom line", Public Personnel Management, 2 (3) :333-342. Barney, J.B. and Wright, P.M. (1998) ‘On Becoming a Strategic Partner: The Role of Human Resources in Gaining Competitive Advantage’, Human Resource Management, 37: 31–46. Barney, J. (1991) Firms Resources and Sustained Competitive Advantage. Journal of Management, Vol. 17, No. 1, pp: 99-120 Basit, T Beck, S.(2001). Why Associates Leave, and Strategies To Keep Them. American Lawyer Media, 5(2), 23-27. Broadbridge (2003). ‘The Appeal of Retail as a Career 20 Years On’, Journal of Retailing and Consumer Services, 10,5: 287-296. Burke, R. and Ng, E. (2006) “the changing nature of organizations: implication for human resource management”, Human Resource Management Review, Vol. 16. No. 2, p. 86-94. Catherine M Gustafson (2002). “staff turnover: Retention”. International j. contemp. Hosp. manage. 14 (3) : 106-110. Cavouras, C.A. (2000). ‘Retention Factors.’ Lawrence Consulting Workshop. Las Vegas, NV. Chew, J. (2003). Defining Core Employees: An Exploration of Human Resource Architecture. Paper presented at ANZAM conference, Fremantle, Western Australia. Chew, J., & Entrekin, L. (2004). Retention Management of Critical (core) Employees: A challenging issue confronting organisations in the 21st century. International Business and Economic Research Journal. Clarke, K.F. (2001) What businesses are doing to attract and retain employee -becoming an employer of choice. Employee Benefits Journal, 3, 34-37. Corporate Leadership Council (2004) “Driving Performance and Retention Through Employee Engagement, Corporate Executive Board. Corporate social responsibility report (2011). [online] Available at http://www.iceland.co.uk/about-iceland/corporate-responsibility/ [Accessed at 01/01/2012] Corporate social responsibility report (2011) Costello, D. (2006). Leveraging the Employee Life Cycle. CRM Magazine, 10(12), 48-48. [online] Available at http://www.destinationcrm.com/ accessed at 20/11/11 Cronbach, L.H Davis, D. (1996) Business Research for Decision Making. 4th Edition, Belmont, CA: Wadsworth Publishing. Davies, R. (2001). ‘How to boost staff retention’. In People Management, Vol.7, pp. 54-56. Dockel, A., Basson, J.S. & Coetzee, M. (2006). The effect of retention factors on organizational commitment: An investigation of high technology employees. SA Journal of Human Resource Management, 4 (2), 20-28. Easterby-Smith, M. & Throp, R. & Jackson, P.R. (2008) Management Research. 3rd edn London: Sage Publication. Euromointor Firth L, David J Mellor, Kathleen A Moore, Claude Loquet (2007). How can managers reduce employee intention to quit?, J. manage. Psychol. 19 (2): 170-187. Frank, F. D., Finnegan, R. P., & Taylor, C. R. (2004). “The Race for Talent: Retaining and Engaging Workers in the 21st Century. ” Human Resource Planning, Volume 27:3. Furnham, A. (2002). Work in 2020 Prognostications about the world of work 20 years into the millennium. Journal of Managerial Psychology, 15 (3), 242-50. George, D., & Mallery, P. (2003). SPSS for Windows step by step: A simple guide and reference Gopinath, C. and Becker, T.E. (2000) ‘Communication, Procedural Justice and Employee Attitudes: relationships under conditions of divestiture.’ Journal of Management, Vol.26, pp. 63-83. Gunz, H. and Gunz, S. (2007) “Hired professionals to hired gun: an identity theory approach to understanding the ethical behavior of professionals in non-professional organizations”, Human Relations, Vol. 60, no. 6 p. 851-87. Gumbus, F.L., & Johnson, C.R. (2003). Employee Friendly Initiatives at Futura. Leadership Survey, certification and a Training Matrix, and an Annual Performance and Personal Development Review. Guthrie, J.P. (2001) High-Involvement Work Practices, Turnover, and Productivity: Evidence from New Zealand, The Academy of Management Journal Vol Hays, S.W and Kearney, R.C. (2001). ‘Anticipated changes in human resource management: views from the field.’ In Public Administrative Review, Vol.6, i15, pp. 585-92. Hackman, J. R. (1990). Groups that work (and those that don 't). San Francisco: Jossey-Bass. IGD, R. A. (2010, 05 18). Analysis. Retrieved 04 16, 2011, from IGD: http://www.igd.com/analysis/Hub.aspx?id=4&tid=3 Jamrog, J Lesperance, M.A. (2001). ‘Multi-level HRM strategy key to flexible staffing success.’ In Research Forum, HR Professionals, Oct/Nov. pp. 35-39. Maslow, A.H (1954) “Motivation and Personality.” New York: Harper and Row. Morgan, H. J. (2008) “Keeping your talent Identifying and retaining your star keys.”, Strategic Direction, Vol. 24, no.9, p.6-8. Oakland, S., & Oakland, J.S. (2001, September). Current people management activities in world-class organisations. Total Quality Management, 12(6), 773-779. Ostroff, C., & Bowen, D. E. (2000). Moving HR to a Higher Level. In K. J. Klein & S. W. Parker, O., & Wright, L. (2001, January). Pay and employee commitment: the missing link. Ivey Business Journal, 65(3), 70-79. Porter, M. (1980) Competitive Strategy, New York: Free Press Porter, M Punch, K.F. (2003). ‘Survey Research: the basics. Thousand Oaks: Sage Publication. Raudenbush, S.W. and Bryk, A.S. (2002). Hierarchical Linear Models (Second Edition). Thousand Oaks: Sage Publications. Raikes Lucille and Vernier Jean-François, (2004), “Rewarding and retaining key talent: Rodger W. Griffeth, Peter W. Hom (2004) Innovative theory and empirical research on employee turnover, Information age publishing, USA. Ruby, Allen M. (January 2002). Internal Teacher Turnover in Urban Middle School Reform. Journal of Education for Students Placed at Risk 7 (4): 379–406. Rynes, S.L. Gerhart, B., and Minette, K.A. (2004) The importance of pay in employee motivation: discrepancies between what people say and what they do.’ Human Resource Management, Vol.43. no. 4, pp.381-394 Saunders, M Seymour, W. S. (2001). In the flesh or online? Exploring qualitative research methodologies. Qualitative Research, 1(2), 147–168. Silbert, L.T. (2005). The effect of Tangible Rewards on Perceived Organizational Support. Management Sciences. Website: uwspace.uwaterloo.ca/bitstream/10012/872/1/lsilbert2005.pdf Steel, R Stein, N. (2000) ‘ Winning the war to keep top talent: Yes you can make your work place invincible!’ In Fortune, May, Vol.141, i.11, pp.132-38.