Please do not give solution in image format thanku Based on the Sodexo example, discuss the importance of widespread incentives in improving both the culture and employee retention efforts in a firm.   • Having widespread incentives is extremely important because it can benefit both company culture and employee retention by offering well-deserved recognition to individuals and groups of employees, as well as offering monetary or non-monetary rewards. "According to the experts at Sodexo, the best employee incentive plans make workers feel they are valued. Not only that, widespread incentives improve employee retention efforts and company cultures. Companies can create programs to encourage the kinds of behaviors they'll reward while helping colleagues and management acknowledge everyone's hard work" (Smyth, 2021, para. 2). These incentives show that the company cares about its employees, and that it appreciates and celebrates great performance, accomplishments, and dedication. This works to build a company culture that is all about rewarding hard work and striving to be the best you can be, which will also aid to keep employees happy, and less likely to leave the company How might having employees receive recognition and incentives at a national level impact the performance of their coworkers and colleagues?   • In most cases, when employees see their coworkers receiving recognition or incentive rewards, it gives them a reason to strive for their own performance to improve and get to that level. Therefore, if employees received recognition and incentives at a national level, it would positively impact the performance of other employees even more so. It pushes everyone to reach their full potential and gives them something to work towards. what are your thoughts on this

Management, Loose-Leaf Version
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ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter12: Managing Human Talent
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Based on the Sodexo example, discuss the importance of widespread incentives in improving both the culture and employee retention efforts in a firm.

 

• Having widespread incentives is extremely important because it can benefit both company culture and employee retention by offering well-deserved recognition to individuals and groups of employees, as well as offering monetary or non-monetary rewards. "According to the experts at Sodexo, the best employee incentive plans make workers feel they are valued. Not only that, widespread incentives improve employee retention efforts and company cultures. Companies can create programs to encourage the kinds of behaviors they'll reward while helping colleagues and management acknowledge everyone's hard work" (Smyth, 2021, para. 2). These incentives show that the company cares about its employees, and that it appreciates and celebrates great performance, accomplishments, and dedication. This works to build a company culture that is all about rewarding hard work and striving to be the best you can be, which will also aid to keep employees happy, and less likely to leave the company

How might having employees receive recognition and incentives at a national level impact the performance of their coworkers and colleagues?

 

• In most cases, when employees see their coworkers receiving recognition or incentive rewards, it gives them a reason to strive for their own performance to improve and get to that level. Therefore, if employees received recognition and incentives at a national level, it would positively impact the performance of other employees even more so. It pushes everyone to reach their full potential and gives them something to work towards.

what are your thoughts on this

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