What is the primary purpose of measuring turnover costs?

What will be an ideal response?


The purpose of measuring turnover costs is to improve management decision making. Once turnover figures are known, particularly among segments of the workforce deemed "pivotal," managers have a sound basis for choosing between current turnover costs and instituting some type of turnover-reduction strategy.

Business

You might also like to view...

Describe the nature and use of the employment-at-will doctrine.

What will be an ideal response?

Business

The Bill of Rights protects individuals against types of interference by the federal government

a. True b. False Indicate whether the statement is true or false

Business

In a secured credit transaction, the creditor cannot recover the collateral despite the debtor's defaults on the loan.

Answer the following statement true (T) or false (F)

Business

Lesson plans are typically more detailed than design documents.

Answer the following statement true (T) or false (F)

Business