Project proposal1 BUSN20016 RESEARCH IN BUSINESS, T2, 2017 ASSESSMENT 3 Project Title:...

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Project proposal1    BUSN20016 RESEARCH IN BUSINESS, T2, 2017  ASSESSMENT 3  Project Title: Comparative analysis on impact of adopting design  thinking on four chosen Australian banks  NAME OF THE STUDENT:  Student ID:  Tutor’s name:  Campus:   ASSESSMENT SHEET  Criteria Total  marks  Marks  obtained  Overall comments  A statement of the problem, research aim, objectives  and research questions  10    Justification and potential output of the research 10   Conceptual framework  10   Methodology, organisation of the study, project  budget and schedule  10   Accurate referencing, use of correct English and  logical sequences between  sentences and paragraphs and a good introduction  10   Total = 50   Mark reduction for Turnitin similarity (It's up to the  markers and unit coordinator's judgement) Mark reduction for late submission(5% mark  reduction for each day of late submission) Grand Total= 50    Key to grading and corresponding marking scale:  HD (42.5 and above out of 50 marks): Student demonstrates outstanding understanding and interpretation  of all aspects of the criteria.  D (37.25 to 42.24 out of 50 marks): Student demonstrates excellence in understanding and interpretation of  almost all aspects of the criteria with some minor corrections or additions needed.  C (32.25 to 37.24 marks out of 50 marks): Student demonstrates very good understanding and  interpretation of most aspects of the criteria with some need for additional work, additions or improvement.  P (24.75% to 32.24% marks): Student demonstrates good understanding and interpretation of the criteria to  warrant the award of a Pass but requires considerable additional work, additions or improvement.  F (below 24.7%): Student demonstrates an unsatisfactory understanding and interpretation of the criteria and  requires major additional work, additions or improvement to achieve a passing grade. (Month), (Year) 2    Table of Contents  1.0. Introduction ..................................................................................................................................... 3  2.0. Problem statement ............................................................................................................................... 3  3.0. Aim and objectives/research questions .............................................................................................. 3  4.0. Justification and potential output of the research ............................................................................ 4  5.0. Conceptual framework and hypothesis development ....................................................................... 4  5.1. Design thinking definition and use ................................................................................................ 4  5.2. Impact of design thinking .............................................................................................................. 4  5.3. Design thinking in the banking sector ............................................................................................ 5  5.4. Hypothesis development ................................................................................................................ 5  6.0. Methodology ......................................................................................................................................... 6  6.1. Research Approach and sources of data ............................................................................................ 6  6.2. Proposed data collection and analysis techniques .............................................................................. 6  6.3 Organisation of the study .................................................................................................................... 6  6.4. Budget, Project Activities and Gantt chart ......................................................................................... 7  7. References ..........................................................................

Akansha · Accepted Answer

2
Topic:  A Study on Determining the reasons for Employee Turnover in McDonalds 
Student Name:
Student Id:
Date:
Contents
SECTION 1:	3
INTRODUCTION	3
PROBLEM STATEMENT	4
RESEARCH AIM AND OBEJECTIVES:	4
JUSTIFICATION OF THE PROJECT	5
EXPECTED RESEARCH OUTCOME	5
SECTON 2:	5
CONCEPTUAL FRAMEWORK AND RESEARCH HYPOTHESIS	5
METHODOLOGY	8
SECTION 3:	9
ORGANIZATION OF THE STUDY	9
GANNT CHART	10
PROJECT BUDGET AND BUDGET JUSTIFICATION	11
REFERENCES:	12
SECTION 1:
INTRODUCTION
Each and every organization will always love to have employees who are happy as well as satisfied with their work, packages of compensation, as well as are very enthusiastic to work effectively and efficiently for the organization and don’t have any intention to leave the organization. However, in real world scenario there are various reasons such as culture at work, relationship problems with managers or co-workers, packages or pay, etc due to which employees are leaving the organizations. Mostly all the business organizations regardless of specific industry are challenged as well as affected by the problem of high employee attrition or turnover. According to the AHRI’s recent research and survey, the average rate of employee attrition in the entire region of Australia is approximately 20% regardless of any industry (Blachford, 2014). The major reasons included for this employee attrition or turnover are dissatisfaction with job and the poor relationship with managers, leaders or supervisors. The damage is being faced by the line managers involving the issues related to proper functioning of operations due to this increasing rate of turnover. The HR personnel of an organization is always under pressure for recruiting and providing training to new employees. However, the employees that are recruited are not aware about the procedures and have less experience as compared to that of previous employees which ultimately affects the organization performance as well as organizational expenses are increased. So, it is quite important for the organization to focus on keeping regular track over the turnover rate of employees and take effective measures as soon as possible in order to reduce its impact over achievement of organizational objectives (Blachford, 2014).
There has been observed growth in the fast food sector such as Burger king, KFC, McDonalds, etc due to globalization. Most of the customers look for various outlets that provide food which is of good quality as well as at affordable and good cost.  McDonalds is offering hygienic food according to customer demands and at affordable cost. According to the study conducted recently,  McDonalds has been suffering from the challenge of increasing rate of turnover amongst employees that is about 45% annually which has great impact over the productivity as well as profit of this huge brand in the market (Dr. C. SWARNALATHA & T. S. PRASANNA, 2011). Hence,  this research paper focuses over the understanding of various reasons due to which employees are leaving the company i.e. McDonalds (Mcdonalds, 2019) The research aim and its objectives have been mentioned.  The conceptual framework is also done for having proper understanding by referring various materials. Additionally, Gannt chart is prepared along with the justification of budget and organization study.
PROBLEM STATEMENT
Employee turnover can be referred as the ratio/percentage of employees who are leaving the company or an organization in the predefined specific frame of time. There have been described various causes leading to the increasing rate of turnover among employees. Whereas in this world competitive business, employee turnover is one of the major problems being faced by the businesses.  Employees are considered as an asset to the company. However, it becomes significant to investigate and analyse issues related to turnover amongst employees and its rate at McDonalds in Australia.  Additionally, the employee turnover rate contributes to the productivity and profitability of an enterprise. The literature highlights certain reasons due to which this ratio of employee turnover has been increasing and it is important for the organization to keep the track of the same.  McDonalds has around 900 restaurants in the entire region of Australia and approximately 90,000 employees are working with the organization. The target of the organization is to focus on providing the best quality food to their customers at affordable price and this target is achieved by the employees of the organization.  In order to maintain the efficiency as well as profitability of the enterprise, efficient management of employee turnover rate is important. In this research, the focus has been made on identifying the reasons due to which employees are leaving the organization (Mcdonalds, 2019).
RESEARCH AIM AND OBEJECTIVES:
Research Aim:
The main objective of the proposed paper is to focus on examining the main causes of increasing rate of employee turnover  at McDonalds in the entire region of Australia.
Research Objectives:
The research objectives  are as described below:
· To analyse impact of positive work culture over the employee turnover ratio.
· To analyse the reasons for job dissatisfaction among employees.
· To analyse the challenges that organization faces due to high employee turnover rate.
· To determine the effect of employee development as well as its policies related to career growth with that of employee turnover.
· To analyse the effect of relationships with managers or co-workers with the high employee turnover rate.
JUSTIFICATION OF THE PROJECT
In this project, the focus has been made on having clear knowledge and understanding about the different reasons due to which employee of the McDonalds are leaving the organization. The efficiency , productivity as well as profitability of the organization is greatly affected due to high rate of employee turnover. This research is focused on strategizing and analysing the impact of positive work environment, good pay packages , etc over the rate of employee turnover. 
EXPECTED RESEARCH OUTCOME
From this research, following outcome can be expected:
· Firstly, it will provide help in understanding to the organization about various reasons due to which employee turnover rate is increasing in the organization.
· Secondly, the relationship with the positive work environment and employee turnover rate will be analysed due to which effective measures can be undertaken by organizations.
· Lastly, it will help in providing effect of relationships with co-workers and managers over the increasing employee turnover rate in the organization.
SECTON 2:
CONCEPTUAL FRAMEWORK AND RESEARCH HYPOTHESIS
Employee turnover as well as its cause affects the business organization to a great extent.

1 BUSN20016 RESEARCH IN BUSINESS, T2, 2017 ASSESSMENT 3 Project Title: Comparative analysis on impact of adopting design thinking on four chosen Australian banks NAME OF THE STUDENT: Student ID:...

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