Reference no: EM132624626

As the Provincial Manager for a financial services firm, you are well regarded within your company and especially by many of the 82 employees who work within your division.

Due to a downturn in business revenues, created in large part by the slowing economy, you have been advised by the Chief Operating Officer that employee layoffs may be forthcoming. Also, employee perks such as athletic membership subsidies and the holiday party will potentially be eliminated in the near future.

A recent article in a national business newspaper highlighted that the departing CEO is rumoured to be receiving a $30 million dollar financial package.

Your goal is to keep morale high as your division consistently leads all others in profitability and revenue growth.

Develop a document that answers the following:

Question 1: What strategies would you use to keep morale high?

Question 2: · What theory(ies) of motivation would you utilize to achieve this?

Question 3: How would you deal with the newspaper article's content if questioned by employees?

Question 4: Whom would you consult with in dealing with this matter? What information/advice would you seek?