Asked by Nguy?n Tr?ng on Jun 15, 2024
Verified
The cost is typically about 30-40% of a person's salary to recruit a replacement.
Recruit
The process of attracting, selecting, and appointing suitable candidates to fill vacant positions within an organization.
Replacement
The process of substituting a new or alternative for an existing employee, part, or component within an organization or system.
- Comprehend the financial and organizational impacts of employee turnover and recruitment costs.
Verified Answer
WJ
Winstin JosephJun 17, 2024
Final Answer :
True
Explanation :
It is generally estimated that the cost of recruiting and onboarding a new employee can range from 30 to 40% of their annual salary.
Learning Objectives
- Comprehend the financial and organizational impacts of employee turnover and recruitment costs.
Related questions
Which Situation Is an Example of Involuntary Turnover ...
When Employees Initiate a Turnover, When the Organization Would Prefer ...
Hameta Is a Top Manager at Her Current Company ...
Tracey, an Employee at Holander Holdings, Was Suspended for Two ...
Appraise the Following Situation in Terms of the Concept of ...