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HRM- end of modul project

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Teams will be more efficient in terms of leading employees to work according to organisational values and predetermined targets (Armstrong and Armstrong, 2011).Employee Retention: Employees can be motivated with the strategy of retention. Such appraisal strategies help firms in reducing their cost. Training cost of new employees will be reduced as well as skills or talents can be retained. Firms will be developing products and service with quality. In the end, firms will be able to get more sustainability and growth. If the experienced employees are provided with economic benefit like salary hike or nonfinancial benefit like promotion, they will get motivated and remain loyal to the organisation.Self-Motivation: Langley (2011) argued that self-motivational strategies are related to the welfare of the employees or their families. In many organisations, employees are offered with recreational tours, children education, compensatory allowances, perquisites, pass for travelling and other compensatory factors. Such policies are helping different firms in rewarding and motivating employees. In addition, such motivation does not require any third parties. Employees find out the motivational factors in the job role self actuated manner.Tesco is the largest UK based retailer and is having global presence in nearly 26 different European, American and Asian countries. They are having more than 75000 employees who are working in different country outlets. Such employees are seeking for constant development and reward policy in order to work efficiently. Tesco considers their employees as their major assets. Performance of the employees is highly counted as one of the major attribute for the overall organisational success. The firm is using appreciation strategies for their employees (Tesco plc, 2015).Recognise- Tesco will be admitting employee’s input and performance individually. This policy helps the management in improvising development strategies for the low efficient employees (Tesco plc, 2015).Annual bonus: The firm is providing annual bonuses for each employee related to their global business. Management is also planning to assess performance of the employees according to the yearly target sets. Employees and other top-level management are provided with an annual bonus along with their salary. It will increase the yearly income of Tesco employees (Tesco plc, 2015).Share incentives: Performance Share Plan
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