HR Simulation Annual Report
The annual report for our human resources simulation was just completed last week. It provided a chance to reflect on our team’s performance in the first fiscal year and redefine our goals and strategies. We immediately learned the importance of the programs in the simulation after failing to implement any of them in the first quarter. We did not realize that increased wages was not the highest concern of the employees. In fact, morale decreased after the first quarter despite the fact that we significantly raised wages and benefits. Morale only increased after we dedicated significant amounts of money to improve safety and training procedures. While wages are certainly an important factor in selecting a job, they clearly are not the most important.
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