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In the question below, a statement is given, followed by two courses of action numbered I and II. A course of action is a practicable and feasible step or administrative decision for follow-up, improvement or further action concerning the problem, policy, etc. Based on the information in the statement, you have to assume everything in the statement to be true and decide which of the suggested courses of action logically follow(s).
Situation: A multinational corporation is experiencing low employee engagement and high turnover rates among its senior executives.
Option 1: Offer financial incentives and salary raises to senior executives to improve job satisfaction and retention.
Option 2: Implement a comprehensive leadership development program to nurture and enhance the skills of senior executives.
While financial incentives may provide short-term motivation, they are not always effective in addressing deeper employee engagement and turnover issues. Relying solely on financial incentives may create a culture of short-term motivation rather than long-term commitment. It is essential to focus on developing leadership skills and creating a supportive work environment to address the underlying causes of low engagement and high turnover.
By implementing a leadership development program, the organization invests in its senior executives' growth and professional development. This program can include training, mentoring, and coaching sessions to strengthen their leadership abilities, enhance engagement, and improve job satisfaction. Developing effective leaders can positively impact employee engagement and reduce turnover rates.
By choosing Option 2, the organization recognizes the importance of investing in leadership development as a long-term solution to enhance employee engagement and reduce turnover rates among senior executives.
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