Discuss the Causes and Implications of Low-Pay/high Turnover Human Resource

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The Answer is Failure to measure all relevant costs is a key contributor to the cycle of failure. A firm saves money on pay, but loses money through employee and customer channels. Inherent in high turnover situations are the costs of constant recruiting, hiring, and training costs. New employees are also less productive than seasoned employees due to learning curves. Attracting new customers costs much more than retaining current customers because of continued advertising and promotional campaigns.

Discuss the Causes and Implications of Low-Pay/high Turnover Human Resource

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