[amp_mcq option1=”management cost” option2=”replacement cost” option3=”preventive cost” option4=”compensation cost” correct=”option3″]<\/p>\n
The correct answer is C. preventive cost.<\/p>\n
Preventive costs are costs incurred to avoid future problems. In the context of labor turnover, preventive costs are costs incurred to prevent employees from leaving the company. These costs can include things like providing training and development opportunities, offering competitive salaries and benefits, and creating a positive work environment.<\/p>\n
Management costs are costs incurred to manage the company. These costs can include things like salaries for managers, office space, and equipment.<\/p>\n
Replacement costs are costs incurred to replace employees who have left the company. These costs can include things like the cost of recruiting and hiring new employees, as well as the cost of training them.<\/p>\n
Compensation costs are costs incurred to compensate employees. These costs can include things like salaries, bonuses, and benefits.<\/p>\n
Preventive costs are the most effective way to reduce labor turnover. By investing in preventive costs, companies can create a more positive work environment and attract and retain top talent.<\/p>\n","protected":false},"excerpt":{"rendered":"
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