Question

11-19 how would you retain employees who are sitting on lucrative stock options and could walk out the door tomorrow knowing that they would never have to work another day in their life ?use various motivation theories to support your answer

Answer 1

To retain employee we have to focus on basic things

Future growth - All the employee focus toward future growth. If the company have aspirational ideas and future prospect then all the employee retain with that company.

Work environment - There should good work environment between the worker. All employee understand the problem of each employee from owner to wage worker.

Revenue sharing and bonus - Bonus is act as boost for employees. Because by getting bonus they feel that with growth of company the growth of employees also done.

Weekly off and fixed working is also important for the employees. Most of the time we see that people generally switch their because of lack of time or irregular working hours.

The most point is that all people act as employee never be act as superior or boss to their juinor.

There are lots of company which follow all these points and it helps lot. Examples are Amazon, Facebook, Wipro, reliance etc all these companies started with less number of employees but these employees see company dedication and future growth. That's why they are successful.