Evaluating the Effectiveness of Reward Strategy at Tesco: Evidence from Selected Stores in UK
Published: 2019
Author(s) Name: Shafiqul Alam and Udayan Raut-Roy |
Author(s) Affiliation: Lecturer, Department of HRM, School of Business, Independent University, Bangladesh
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Abstract
Nowadays adopting effective reward
strategy is one of the most prominent
and frequently discussed issues in
many organizations.If the reward is
managed and distributed effectively
it can benefit many organizations
including Tesco. This paper seeks to
analyze the effectiveness of reward
strategy at Tesco based on the selected
stores in UK. It has adopted
a mixed approach of analyzing reward
effectiveness at Tesco. Data
collection technique focused on both
primary and secondary sources. A
total of 40 interviews were conducted
of which 10 were in-depth
interviews that combine both structured
and open ended questions. The
study found that the employees at
Tesco were satisfied with existing
reward system, and also felt that current
reward strategy is meaningful
and effective.
Keywords: N.A.
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