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You are a senior executive in a large pharmaceutical firm and have just hired a chemist who is recognized as a 'rising star' in the industry. Your organization has spent a lot of money recruiting this person and hopes that the chemist will stay with this firm for many years. However, as with many scientists, the new hire seems to have very little loyalty to or identification with any firm. Explain in detail (with action plan examples pertaining to this incident) four (4) strategies that would try to increase this employee's loyalty to this organization.
Overhead
The ongoing administrative, general, and maintenance expenses incurred during the production process, not including direct labor or materials costs.
Profit Centers
Parts of an organization that are responsible for generating revenue and evaluated based on their profitability.
Return on Investment
A performance measure used to evaluate the efficiency or profitability of an investment, calculated as net profit divided by the cost of the investment.
Average Total Assets
A financial metric that represents the average value of all the assets owned by a company over a specific time period.
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