The Costs of Recruiting New Employees, Training the New Employees

question 43

Multiple Choice

The costs of recruiting new employees, training the new employees, and suffering the initial low productivity of new employees when old employees leave is called:

• A) the efficiency wage.
• B) the benchmark wage.
• C) turnover costs.
• D) marginal costs of long term training.

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Definitions:

Career

A person's progress or general course of action through life or through a phase of life, as in some profession or undertaking.

Work Path

Refers to the trajectory or career path an individual follows in their professional life, including job transitions and career progression.

Conservative

Holding to traditional attitudes and values and cautious about change or innovation, typically in politics or religion.

Marcia's Identity Statuses

A framework by James Marcia that classifies individuals based on their exploration of and commitment to identity in various life areas.