Proposal Essay Example | Topics and Well Written Essays - 2500 words - 1

Proposal - Essay Example These retention strategies make them be retained in the firm and perform their jobs at optimum levels. Retention of employees is a complex and a multi-faceted challenge, which can negatively impact on an organization’s profit margins and productivity if it is not addressed effectively. An improved incentive system raises the performance orientation and retention of an employee. Retention is used by many firms so as to reduce the turnover costs. Employee retention is also very crucial since it prevents talented staff from being poached. Therefore, for the long-term success of a company it is a must that the firm develops and retains talented, satisfied and performance-oriented. Employee retention is very crucial to any organization, and it is very demanding for the employees. In the current world, attracting and retaining young and skilled employees is often difficult but equally important. Many employers are faced with the problem of searching for a younger workforce that has different attitudes concerning work, coupled with an increasing population of older workers who are heading towards retirement. Majority of organizations have resolved to retain their good managers and employees. In that perspective, retention of employees needs to be examined in the most comprehensive manner since it impacts both negatively and positively on the business. That is the research paper will examine the impact of retention strategies on employee motivation. Sandya and Kumar (2011:1778) defined employee retention as a process by which workers are encouraged to stay with their current employers for the maximum possible time. Although it is a difficult job, it is beneficial to both the employer and employee. On the other hand, Sandya and Kumar (2011) added that employee retention is the process by which employee are encouraged to remain with the organization they are working with currently for a long time. Employees

Tesla Motors - Evaluating a Growth Company Case Study

Tesla Motors - Evaluating a Growth Company - Case Study Example However, it has the advantage over its competitors as it had developed the first electric car, Model S, which no other company has developed. If the market welcomes it, then the cash inflow in terms of income will rise and depict active growth. The major disadvantage of the Model used by Tesla is that it faces stiff competition from big companies like GM, Ford, Nissan, Toyota, and BMW which offers prestigious cars at relatively lower prices. As the market stands, the sales volume of its new model is relatively small, and this is a disadvantage considering its substantial investment in the production. The financial position of Tesla will improve in the future. The projection of Tesla fiscal standing will depict positive deviations. The sales volume will be over US $20,105 Million. The operating profit will double to US $ 2000 up from the current US $940 million. The net income will hit US $ 960 with a net margin of 4.43%. However, the operating margin will be 15% up from the current 8.46%. Additionally, its cost of production per unit will drop significantly, and the overall expenditure in production will decrease. The primary assumption made when making these assumptions is that the market for the electric car unveiled by Tesla will stabilize by 2025. As such, the sales volume of the company will rise and stabilize. Its market coverage will increase, and this will increase its customer base. It is assumed that by 2025, organization that campaign for environmental conservation will advocate for the use of vehicles that do not pollute the atmosphere. Therefore, Tesla’s brand will get a boost from the organizations that will want to become socially responsible. The increased operating margin and net income margin will be due to the uncertainty in the market and the rising market rivalry in competition. Most importantly, Tesla will out-compete its competitors as it will have efficient production machines and systems to produce its cars