Question
How does acquiring a business with experienced employees benefit the new owner?
It ensures all staff will stay permanently
It reduces initial recruitment and training costs
It removes the need for human resource planning
It guarantees increased productivity
It ensures all staff will stay permanently
It reduces initial recruitment and training costs
It removes the need for human resource planning
It guarantees increased productivity
Answers
GPT-4o mini
Acquiring a business with experienced employees primarily benefits the new owner by **reducing initial recruitment and training costs**.
Having a workforce that is already experienced means the new owner can leverage their existing skills and knowledge, minimizing the time and expense associated with hiring new employees and training them from scratch. While it's also beneficial in terms of productivity and expertise, it does not guarantee permanent retention of staff, nor does it completely remove the need for human resource planning.
Having a workforce that is already experienced means the new owner can leverage their existing skills and knowledge, minimizing the time and expense associated with hiring new employees and training them from scratch. While it's also beneficial in terms of productivity and expertise, it does not guarantee permanent retention of staff, nor does it completely remove the need for human resource planning.