Why should a company analyze its turnover rate?
A)A low turnover rate shows that a company is not running as efficiently as it could be,and some employees should be let go.
B)A low turnover rate indicates that the company is too generous with employees or is not requiring enough of them.
C)A high turnover rate indicates that the company has an underdeveloped or unnecessary product,and it should spend more money on research and development.
D)A high turnover rate costs a company money in hiring processes and training,so analyzing the rate allows companies to fix problems to save money.
E)A high turnover rate highlights problems with the chain of command,and a company should consider flattening the organization.

Question

Quizplus · Accepted Answer

Analyzing the turnover rate allows companies to identify problems that are causing a high turnover rate, such as poor management or low employee morale, and fix them in order to save money on hiring and training costs. A high turnover rate can be very expensive for a company, so it is important to address any issues that are causing it.

Why Should a Company Analyze Its Turnover Rate