ECONOMICS
COST BENEFIT ANALYSIS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
increased profits
|
|
|
boosted morale
|
|
|
reduced employee turnover
|
|
|
spending money in the hiring process
|
Detailed explanation-1: -It means if any employees are experiencing any issues or concerns, you’ll catch them early and can make the changes necessary to improve their time at work. Happy employees are more likely to stay so ultimately, this will work to reduce staff turnover.
Detailed explanation-2: -Cost Reduction. Morale Improvement. Experienced Employees. Recruitment and Training Efficiency. Increased Productivity. Better Customer Experience. Improved Corporate Culture. Better Employee Experience. More items •22-Feb-2021
Detailed explanation-3: -Improves Talent Potential. Employee turnover can sometimes be an indicator of moving towards success at an organization. Incentivizes Productivity and Avoids Complacent Work. Turnover Can Create Talent Success. Cracks are Exposed. Turn Employee Turnover Into Opportunity. Millennial Changes. 26-Jun-2018
Detailed explanation-4: -Find the Right Talent. Every company has a different hiring process. Encourage Retention Early On. Recognize and Reward Employees. Identify a Clear Career Path. Encourage a Healthy Work-Life Balance. Create Learning and Development Programs.