Examlex
The idea that an organization interacts with its environment (rather than being totally determined by it) is summed up in the phrase:
Voluntary Turnover
When an employee decides to leave a company based on personal choice rather than being forced out due to layoffs or termination.
Labor Costs
Labor costs represent the total expenses incurred by employing labor, including wages, salaries, benefits, and taxes, and are a critical factor in the overall cost structure of businesses.
External Inequity
Occurs when employees perceive that their compensation or work conditions are less favorable compared to those in other organizations in the same industry or sector.
Employee Assistance Plans
Employer-sponsored programs designed to help employees deal with personal problems that might adversely impact their work performance, health, and well-being.
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