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A new CEO has come into the company and learned from his management team that the...

A new CEO has come into the company and learned from his management team that the firm has a very high employee turnover rate. Because of the turnover, the firm seems always to be hiring new people, and it takes them a while to get up to speed, reducing productivity. He asks for suggestions on how to reduce the turnover rate, and one manager pitches the idea of giving everyone a $20,000 bonus on their 10th year anniversary, no matter their job in the company.

What type of job design would this be considered?__________

business   Operations-Management   
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Answer #1

The correct answer to this is motivation and incentive system job design.

Giving cash/stock options to employees is a part of bonuses which is covered by the motivation and incentive systems.

Bonuses are single time rewards that are provided to the employees after accomplishing certain parameters. For example, an employee exceeding his monthly being rewarded with a lump sum bonus.

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