The Management of an Organization Realized That Their Employees' Performance

question 2

Multiple Choice

The management of an organization realized that their employees' performance kept deteriorating and many employees decided to quit due to unknown reasons.After probing,they realized that their competitors were offering a better compensation which attracted most of the employees.Therefore,the management made reasonable changes to the compensation system that enabled good performers to get more incentives and recognition.Identify the change that has been implemented.

• A) Organic change
• B) Reactive change
• C) Transformative change
• D) Incremental change

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Definitions:

Gross Saving

Gross Saving is the total amount of savings made within an economy before any deductions for depreciation or consumption.

Business Saving

Business Saving involves the retention of profits by a business after paying taxes and dividends, meant for future investment or to cover future expenses.

Productivity Growth

An increase in the efficiency of production, measured by the amount of goods and services produced per unit of labor, capital, or other inputs.

1970s and 1980s

A historical period characterized by major economic and political changes worldwide, including inflation and the end of the Cold War.