ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An example of a non-financial goal would be:
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Making $50, 000 in the first year of operation.
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Paying off all of the business debt within 5 years.
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Have an employee turnover rate of less than 10%
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All of these are non-financial goals.
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Explanation:
Detailed explanation-1: -Organizations should aim for 10% for an employee turnover rate, but most fall into the range of 12% to 20%. Certain industries report higher employee turnover rates due to the nature of the job.
Detailed explanation-2: -A low turnover rate implies that your employees are engaged, satisfied and motivated enough to be with you for a long time. It also means that your HR policies are good and the HR department is performing according to expectations. So it’s good for your overall organizational growth.
There is 1 question to complete.