Which strategy can the management team use to figure out how to retain employees and increase employee satisfaction?

Prepare for the HRM/324T Total Compensation Test with engaging flashcards and multiple-choice questions. Boost your understanding with explanations for each question and get exam-ready!

The chosen strategy of conducting a survey to ask employees what benefits they want is effective because it directly engages employees in the decision-making process regarding their compensation and benefits. This approach not only shows that management values the input and needs of their employees, but it also provides crucial insights into what factors contribute to employee satisfaction and retention. By understanding employee preferences, management can tailor their benefits offerings to better meet the needs of their workforce, which can lead to higher levels of engagement and commitment to the organization.

Surveys can cover a variety of topics, including benefits such as health insurance, retirement plans, flexible work hours, professional development opportunities, and other perks. By pinpointing the specific desires and expectations of employees, management can implement targeted strategies that enhance job satisfaction, reduce turnover, and ultimately contribute to a positive work culture. This data-driven approach makes it more likely that any changes made will resonate with employees, thereby improving overall retention rates.

In contrast, the other strategies do not effectively focus on understanding or enhancing employee satisfaction. Implementing a strict attendance policy may create stress and resentment among employees, while offering immediate promotions could lead to perceptions of favoritism or inequity. Increasing mandatory overtime hours can contribute to burnout and dissatisfaction rather than foster a positive work environment. Therefore

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