INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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One of the advantages to businesses of training staff is that it tends to increase
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Employee satisfaction
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Operating expense
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Compensation
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Feedback
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Explanation:
Detailed explanation-1: -Investing in employees by offering training, up-skilling, mentoring or coaching is proven to enhance their satisfaction and engagement with the business. As an employer, you not only benefit from happier employees, but the additional skills and expertise they are subsequently able to offer.
Detailed explanation-2: -According to Villanova University, studies show that “employees who report high job satisfaction tend to achieve higher productivity.” It makes sense that satisfied employees would feel more invested in a company’s success and therefore work harder to help achieve it.
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