In Most Cases, Effective Training Can Help Reduce Operating Costs

question 3

Multiple Choice

In most cases, effective training can help reduce operating costs because

• A) fewer labor hours will be needed.
• B) hourly wage rates can be reduced.
• C) employee benefit costs can be reduced.
• D) supervisors can more closely monitor employee efforts.

---

Definitions:

Forecasted

Refers to the estimated or predicted outcomes in the future based on current and historical data.

HR Forecasting

The process of estimating the future human resources requirements of an organization, based on its business goals, projected retirements, turnovers, and market factors.

Human Capital

The collective skills, knowledge, and other intangible assets of individuals that can be used to create economic value.

Projection

The act of estimating or forecasting future conditions, trends, needs, or values based on current data or trends.