If Managers Want to Retain Their Employees,a Good Strategy May

question 117

True/False

If managers want to retain their employees,a good strategy may involve mentoring them for more senior roles in the organization and provide opportunities for job advancement.
In a recent survey,over 80% of respondents claimed that they usually would consider leaving one job for another job in order to gain increased responsibility and a more senior role.Providing opportunities for job advancement is a good strategy for retaining good employees.

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Definitions:

Revenue Expenditures

These are the costs incurred in the day-to-day operations of a business, which are fully expensed in the period they are incurred.

Productive Capacity

Productive capacity is the maximum output a system, facility, or project can produce under normal conditions within a given period.

Useful Life

The estimated period a fixed asset is expected to be usable for its intended purpose, important for depreciation calculations.

Residual Value

The estimated remaining value of an asset at the end of its useful life, often considered for depreciation calculations and lease contracts.