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ECM 592 Cost Effective Organizational Practice Workplace Enhancement Proposal Paper

ECM 592 Cost Effective Organizational Practice Workplace Enhancement Proposal Paper

Question Description

Help me study for my Economics class. I’m stuck and don’t understand.

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

Attached is a example of the paper.

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