Employees of XYZ Ltd are leaving their jobs due to poor management practices. It results in increasing costs and reducing the talent, present in a business. It is mandatory that business owners should understand the importance of management through personal research or formal education, by which they can improve employees' productivity, eliminate redundancy in processes and increase profits
What steps should be taken by top level management to retain the interest of employees?

Explanation

Following steps should be taken
(i) Encourage feedback from employees
(ii) Conduct qualitative measurement of employees
(Iii) Administer financial and non-financial techniques to motivate employees