COPY: Employee Incentives at Richer Sounds
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COPY: Employee Incentives at Richer Sounds

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Questions and Answers

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.

    False

    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.

    <p>grateful</p> Signup and view all the answers

    Match the following employee motivation strategies with their descriptions:

    <p>Empowerment = Valuing employee input and decision-making Consultation = Seeking employee opinions before major changes Flexible working hours = Providing employees with options for work schedules Shorter working week = Reducing the number of days employees work each week</p> Signup and view all the answers

    What percentage of Richer Sounds is owned by the employee ownership trust?

    <p>60%</p> Signup and view all the answers

    Employee ownership reduces the incentive for employees to work harder.

    <p>False</p> Signup and view all the answers

    What was the profit per employee at Richer Sounds in 2018?

    <p>£19,690</p> Signup and view all the answers

    By owning shares, employees at Richer Sounds can directly benefit from the company's __________.

    <p>profits</p> Signup and view all the answers

    Match the following financial metrics to their respective years:

    <p>ROCE in 2016 = 52.1% ROCE in 2018 = 33.6% Earnings per share in 2018 = Decreased compared to 2017</p> Signup and view all the answers

    What can happen if the share price decreases for employees at Richer Sounds?

    <p>Their incentive to increase productivity may reduce.</p> Signup and view all the answers

    Owning shares in Richer Sounds allows employees greater participation in decision making.

    <p>True</p> Signup and view all the answers

    What effect may employee ownership have on company performance?

    <p>Improve it</p> Signup and view all the answers

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