The total of termination costs, hiring costs, training costs, and other costs related to replacing a worker is called ________.
A) cost per hire
B) sunk cost
C) turnover cost
D) hidden cost

Question

Quizplus · Accepted Answer

The total cost incurred by an organization when an employee leaves and is replaced is called turnover cost. It includes termination costs, hiring costs, training costs, and other related expenses. Choice A, cost per hire, only considers the expense of recruiting and hiring a new employee. Choice B, sunk cost, refers to costs that have already been incurred and cannot be recovered. Choice D, hidden cost, is a generic term that does not specifically describe the costs associated with employee turnover.

The Total of Termination Costs, Hiring Costs, Training Costs, and Other