Producing creative solutions to business problems Assignment

Producing creative solutions to business problems - Assignment ExampleIt depose be observed that majority of the problems stellar(a) to high turnover stem from lack of motivation. Repetitive tasks, low wages, lack of appraisal and low opportunity for growth reduce employee motivation. Staff therefore free their jobs and move to other organizations that pay and reward them well. High turnover indicates that the organization is facing challenges with human resource management, more specifically, with employee retention. Therefore the solution to the problem exit focus on designing new rewards and compensation schemes, training and development programs, and task design, which will aim at improving motivation and enhancing job satisfaction.It is suggested that managers displace their staff by encouraging them, understanding their social needs, and acknowledging their efforts (Stoner, Robbins, Chaturvedi, Coulter, Hitt, and Manjunath, 2011). A rewards system is a great way to acknowl edge an employees efforts. A pay for mental process model of compensation should be implemented based on which employees with higher performance will get higher rewards. The staff will be incite to work more productively and this will increase the overall performance of the organization. At the same time, annual performance evaluation should be carried out to each one year. The evaluation will help in the identification of high performing employees as well as those whose performance has been below satisfactory. This way the organization can reduce its low performing staff and save its cost which can be invested back in the company.The performance evaluation will be followed by bonuses that will reward high performing staff for their efforts and performance. The distribution of bonuses will occur according to a pre-planned tier system that will highlight heterogeneous performance levels with a certain bonus reward. Additionally, employees who perform very well will have chances