Asked by Kyran English on Jun 26, 2024
Verified
Companies with less money to compensate employees should invest in coaching and development as a way to boost employee retention.
Employee Retention
Strategies and practices employed by businesses to prevent valuable employees from leaving their jobs.
Coaching
A development process where an experienced individual, called a coach, supports a learner in achieving a specific personal or professional goal by providing guidance and encouragement.
Development
The process of growth, progress, or evolution of a person, organization, or society.
- Understand the significance of non-monetary incentives such as coaching and development in enhancing employee retention.
Verified Answer
PS
Preety SumraJun 28, 2024
Final Answer :
True
Explanation :
Investing in coaching and development can increase employee satisfaction and loyalty, making it an effective strategy for companies with limited compensation budgets to retain employees.
Learning Objectives
- Understand the significance of non-monetary incentives such as coaching and development in enhancing employee retention.