In this example, which one is the premise and which one is the conclusion?:

"Some managers claim that the best way to incentivize employees to work harder is to intimidate them. But, employees who are intimidated cannot concentrate on their work. Therefore, there is probably a better way to incentivize employees to work harder."

I know the first sentence is context, but am unsure which sentence is the conclusion. It is written that "she wants us to believe that employees who are intimidated cannot concentrate on their work" which makes it sound that that is the conclusion. However I feel it makes more sense if "there is probably a better way to incentivize employees to work harder" is the conclusion.