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Unformatted text preview: has organized his workforce into three teams. Each team is given a $100 monthly budget to use in recruiting, interviewing, and training new employees. If the teams staff level is maintained at 10 throughout a quarter, each member of the team receives a $100 bonus. Retaining Employees Another industry problem is employee retention. Annual turnover at Carls store has decreased 151 percent since implementing his program. Four incentives have helped improve employee retention: Monthly free-food days 30-day wage evaluation for new employees, quarterly for all employees Monthly performance reviews for all employees Buddies and other programs to ensure employee satisfaction. Because of Carls success, I strongly recommend that you consider implementing one or more of these approaches as appropriate in your store. Please send me an e-mail response to this memo by the first of next month to let me know your specific plans....
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This note was uploaded on 03/27/2012 for the course MGMT 3315 taught by Professor Myers during the Fall '11 term at Texas A&M University, Corpus Christi.
- Fall '11