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Addressing Employee Attrition And Enhancing Motivation At Vibgyor Creation: Strategic Solutions For Improving Workforce Retention And Productivity

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Addressing Employee Attrition andEnhancing Motivation at Vibgyor Creation:Strategic Solutions for Improving WorkforceRetention and ProductivityVibgyorCreation, a software development company, has experienced a significantrise in employee attrition and a decline in project delivery and revenue over thepast six months. As the manager of the unit, you are tasked with addressing thesechallenges by presenting a report to senior management. Based on the dataprovided, you are required to analyze the problem and propose solutions that couldimprove employee motivation and retention.In your response, include the following:1.A detailed analysis of the current business problem at Vibgyor Creation,including the impact on employee attrition, project delivery, and revenue.2.A discussion of at least four solutions offered to senior management toaddress the problem, including:oRevising employee salaries to be more competitive with industrystandards.oImplementing training programs to enhance employee skills andexpertise.oModifying the organizational hierarchy to foster greater employeemotivation.oImproving communication and workload management to reduce stressand improve job satisfaction.3.Evaluate how each solution could potentially improve employee motivationand retention, providing supporting arguments and examples.

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Human Resource Management

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