University of California Workplace Enhancement Proposal Memorandum

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Writing

University of California Irvine

Description

Writing Assignment:

Workplace Enhancement Proposal Choose a company of which you are familiar with the culture and workplace policies. Perhaps this is a company that you have worked in or currently work in. The chief people office (CPO) at this company is aware that you are learning concepts of behavioral economics. She is concerned about trends in a tight labor market and would like to increase employee retention. She is asking you to outline one company policy/practice/benefit recommendation that relies on a tenet(s) of behavioral economics and will be reasonably cost-effective to implement. In other words, the savings in employee turnover reduction should more than pay for your recommended policy/practice/benefit. The CPO is a busy person and wants your recommendation to be fewer than 500 words. Addressed to the CPO as an internal memo, your paper should include the following components:

• Name of company, number of employees, industry (for the instructor’s benefit)

• Identify the relevant current policy/practice/benefit (if you are recommending a policy/practice/benefit change)

• The tenet(s) of behavioral economics that you are relying upon

• Link between your proposal and expected increase in employee retention

Please pick a famous company so that I can understand the content

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Explanation & Answer

Attached.

Workplace Enhancement Proposal
Thesis statement: One of the tenets applied in employee retention enhancement in the
workplace is loss aversion. The principle is based on the idea that individuals are highly
motivated by the threat of loss instead of rewards.
I.

Google is a multinational technology corporation that operates on the internet, computer,
artificial intelligence, and cloud computing industries.

II.

The cash or monetary rewards that most Human Resource managers use to retain workers are
merely extrinsic motivators.

III.

One of the tenets applied in employee retention enhancement in the workplace is loss
aversion.

IV.

The concept of loss aversion is that individuals thrive on intrinsic motivators, which is
crucial for staff engagement


Running head: MEMO

1
Memo

To:

The chief people office (CPO)

From:

Administration department

Date:
Subject:

Workplace Enhancement Proposal

Google is a multinational technology corporation that operates on the internet,
computer, artificial intelligence, and cloud computing industries. The current number of
employees in this company is 114 096. You are concerned about the tight labor market
trends and intend to increase employee retention. One of the central policies offered by
this company to retain its staff is raising employee salaries and benefits. However, this
practice may be ineffective in enhancing staff retention in the workplace. It is because
Google is faced with multiple rivalry firms that may lure top talent and offer better terms.
As the Chief Person Officer, you should focus on more effective employee-engagement
practices that will facilitate re...


Anonymous
This is great! Exactly what I wanted.

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