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You are required to submit a substantial response analysis to the question(s) asked. A substantial response is one that stays on topic and fully addresses the assignment in a clear, concise, and meaningful manner.
Case Study Summary
Case Study: Retention – MoneyDesktop
MoneyDesktop is a technology company in Utah that enables financial institutions to work with customers. Michael Moulton, the creative director, describes the type of people who work at MoneyDesktop as individuals who want to feel challenged and want to develop their skills. Retaining people who fit into the company culture is critical to the company’s success. Michael says that several employees have come in as interns and now run departments. KC Jorgensen says losing people loses money for the company. A programmer for the company states that high-performers must be given autonomy and challenging work. Performance reviews are aimed at ensuring the company is making the employee happy rather than rating the employee’s performance. The most important things that help retain employees are the company’s authenticity, encouragement to perform well, and team atmosphere.
Question 1: KC Jorgensen says MoneyDesktop has trouble finding entrepreneurs to work at a startup company because entrepreneurs want to start their own companies. How would you suggest MoneyDesktop recruit and retain this type of employee?
Question 2: Why do you think according to the case study “the most important things that help retain employees are the company’s authenticity, encouragement to perform well, and team atmosphere”. Explain in detail.
Question 3: Why does MoneyDesktop want to retain its employees? Why isn’t it better to have a steady stream of new employees with new ideas?
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