- Published: September 5, 2022
- Updated: September 5, 2022
- University / College: Rensselaer Polytechnic Institute
- Level: Bachelor's Degree
- Language: English
- Downloads: 30
For the company to counter the effect of unreliable profits, it should start introducing some other products. For example, USB drives, this because a wide range of products will increase the company’s sales (Milkovich et al., 2013). In addition, the company can build more companies in different continents. This will reduce the risks associated with currency exchange rates.
The type of reward system that the company
should give this group of employees should be based on money (Milkovich et al., 2013). This is because according to recent studies, some of the best-performing companies reward their employees well. Employees who are rewarded very well are motivated and tend to be more creative and work with minimum supervision (Milkovich et al., 2013).
In summary, there should be a component of large incentive, if the company wishes to retain the employees. One of the human needs is to live a good life, and most psychologists have argued that employers who invest in their employees’ wellbeing always tend to have very productive employees.
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