PRC-3 · Chapter 8 · Question 8 of 74
To save costs, a company ignores employee dissatisfaction, leading to 30% of its highly skilled workforce quitting within a year. The company must now spend vast amounts on hiring and training replacements. What metric is painfully high here?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Employee Turnover
Explanation
Employee turnover refers to the rate at which employees leave a workforce and are replaced. High turnover is very costly due to lost productivity and replacement expenses.
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