Introduction
This study paper discusses the topic of employee retention and the turnovers in the business areas of United Kingdom. The researcher gives a thorough description of all the findings in this study topic in order to provide a solid base of the subject. This study mainly deals with every small or big or even medium business in the United Kingdom.
Background
The United Kingdom is one of the largest countries in the world. As well as being the most significant country there are so many companies which are getting developed or established in the whole process of market management. According to the English law and regulations in legal justifications based, the company means a body corporate which comes under the Companies Act. According to this law, the private companies are limited by the guarantee, companies without the share capitals often known as the nonprofit organization. All the company defines all the private companies oriented shares.
Aims
The main aim of this research study describes the importance of employee retention in the companies located in the United Kingdom; also analyze the overall turnover by the companies in the market of United Kingdom. It also describes the importance and impact of employee retention and turnover of companies in the global market.
Objectives
Objectives of the study topic describe the following things, such as,
To analyze the total number of employee retention which is happening in the companies based in the United Kingdom.
To calculate the overall findings of the turnover ratio in the United Kingdom market of companies.
Further, analyzing the full findings of the research topic and on the collected data.
Research questions
What are the key findings of employee retention in the United Kingdom?
What are the impacts of employee retention in the United Kingdom?
How to collect turnover data regarding the companies in the United Kingdom?
What are the strategies and weakness of this method?
Rationale
The United Kingdom-based companies are very much influenced by the individualism theory in their section of work. The companies in order to adjust with the changes are facing various challenges such as communication, low rates of the employee, etc. It is essential to maintain good contact between the companies and the employees in order to achieve all the data and the information about employee retention and turnover in the United Kingdom.
Problem statement
Challenges faced by the United Kingdom-based companies in order to get the data and information about employee retention and turnovers.
The direction of research and expected findings
Philosophy: Positivism
This research topic deals with the philosophical aspect of the positivism. The research philosophy mainly discusses all the source of the data and checks its authentification in the study contrast. Analyzing questions from the data which is collected from the various sources deals with a strong sense of realism. This philosophical aspect of the information is divided between three parts, such as right, false and meaningless. Further, there are more mathematical proofs, logical proofs and various observations, which help the researcher to achieve accurate and correct data. Also, it positively discusses the data and information in order to provide a precise analysis.
Approach: Deductive
This study is further developed a proper hypothesis on the base of a particular theory that helps to get a clear idea about the deductive method in the study research. As per this research approach, it demands to fulfill all the answers in a proper way which needs to justify all the questions as it proposed in the study theory. There are many disadvantages while using this deductive approach method in the study theory. As it generalizes all the data which is founded in the study theory. Deductive approach is prissily used in this study discussion as it involves short time and avoids risk.
Design: Descriptive
A descriptive way is a method of the methodology where the data and information go under a sizeable scientific description in the whole. In this method, all the data which is collected time to time presented without any influence from any sources. Observation of these study methods is entirely natural and most importantly unchanged in the prospect of the study. The researcher uses this design in order to prove data which is more compact and accurate.
Data type and collection method: Primary
In the primary data collection method, the data and information regarding the topic are collected. The researcher interviewed various employee and managers in order to get a full concept of the problem. Further, all the outcomes found in the primary data collection method helped a lot to compact the research.
Structure of the report
Study structure which is found from the following study is,
Headings
Proposed outcomes
1.Introduction
In this part, the topic of employee retention and turnover of United Kingdom companies are discussed briefly, with its background aim of the studies, objectives, etc.
- Literature review
The theories related to the topic from various scholars like Griffith etc. are discussed in this section about the employee retention and turnover in the companies situated in the united kingdom.
- Methodology
In this part the data collection method is briefly discussed, the use of primary data collection method and how this method helped the research is also mentioned.
- Data analysis
In this part, the process of analyzing all the collected data are discussed as in this research the researcher uses the philosophy of positivism in the way to serve the design of descriptiveness.
- conclusion
This part described the collected data and analyzed data are summarized in order to present a short idea in the end.
Table 1: Structure of the report
Conclusion
In this part of the study I have gathered different knowledge about the findings and information; related to the employee retention in the United Kingdom. The study also helped me to get a clear concept on the calculated turn over happening in the United Kingdom based companies. It also helped to get new information related to the topic, which helped me to make my study more accurate.