GROWTH DEVELOPMENT CHILD
DEVELOPMENT AND LEARNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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False
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True
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Either A or B
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None of the above
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Detailed explanation-1: -The downsides to high employee retention are disengaged employees who remain in their roles, hurt productivity, create toxic work environments, and drive good employees away. High retention can also lead to difficulty implementing change, less innovation, and a lack of diversity and inclusion.
Detailed explanation-2: -For some companies the cost of a bad hire can be as high as $240, 000. The average cost to hire an employee is $4, 425. It generally takes at least six months for companies to break even on new hires.
Detailed explanation-3: -Employee satisfaction is directly correlated to employee retention. If your team is happy, engaged, and motivated, they’re more likely to stick around, which benefits both your company and customers. If employee engagement suffers, so does your productivity.