Podcast
Questions and Answers
What is one strategy mentioned that can improve employee retention?
What is one strategy mentioned that can improve employee retention?
- Empowerment strategies (correct)
- High salaries
- Strict hierarchy
- Reducing benefits
Richer Sounds has a high labor turnover issue based on the employee tenure data.
Richer Sounds has a high labor turnover issue based on the employee tenure data.
False (B)
Name one disadvantage of offering flexible working hours.
Name one disadvantage of offering flexible working hours.
Reduced availability for team collaboration
Employees are likely to feel _____ for being consulted before big decisions are made.
Employees are likely to feel _____ for being consulted before big decisions are made.
Match the following employee motivation strategies with their descriptions:
Match the following employee motivation strategies with their descriptions:
What percentage of Richer Sounds is owned by the employee ownership trust?
What percentage of Richer Sounds is owned by the employee ownership trust?
Employee ownership reduces the incentive for employees to work harder.
Employee ownership reduces the incentive for employees to work harder.
What was the profit per employee at Richer Sounds in 2018?
What was the profit per employee at Richer Sounds in 2018?
By owning shares, employees at Richer Sounds can directly benefit from the company's __________.
By owning shares, employees at Richer Sounds can directly benefit from the company's __________.
Match the following financial metrics to their respective years:
Match the following financial metrics to their respective years:
What can happen if the share price decreases for employees at Richer Sounds?
What can happen if the share price decreases for employees at Richer Sounds?
Owning shares in Richer Sounds allows employees greater participation in decision making.
Owning shares in Richer Sounds allows employees greater participation in decision making.
What effect may employee ownership have on company performance?
What effect may employee ownership have on company performance?
