PRC-3 · Chapter 8 · Question 9 of 74
A firm adopts new flexible working hours and increases vacation time, significantly reducing employee stress. As a result, the employee turnover rate drops dramatically. The firm's new policies are part of its strategy for:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Employee retention
Explanation
Employee retention strategies are policies and practices companies use to prevent valuable employees from leaving their jobs, often focusing on work-life balance, compensation, and culture.
More Human Resource Strategies MCQs
- Q11A senior executive is assigned to guide a newly hired, high-potential junior employee. The senior executive offers long-term career…
- Q12Which of the following describes a key benefit of conducting regular formal Performance Appraisals for employees?
- Q13During an exit interview, a departing employee states that the primary reason for leaving is that their manager constantly demands they…
- Q14Why is Human Resource Management (HRM) considered critical to an organization's strategic success?
- Q15An HR manager is forecasting the number of engineers the company will need over the next 3 to 5 years. What is this process called?