The correct answer is: the expenses associated with hiring and training employees.
When a company is able to retain a significant number of employees over several years by paying higher wages and benefits, they can save money by avoiding the expenses associated with hiring and training new employees. This includes costs such as recruitment, onboarding, orientation, and training programs. By retaining experienced employees, the company can reduce turnover and the associated costs, ultimately saving money in the long run.
When a company is able to retain a significant number of employees over several years by paying higher wages and benefits, where might they also be saving money?
the prices they charge customers
the prices they charge customers
the expenses associated with hiring and training employees
the expenses associated with hiring and training employees
lower taxes withheld from employees’ weekly paycheck
lower taxes withheld from employees’ weekly paycheck
less employee theft and register errors
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