Swanz, a cosmetics manufacturer, plans to stay in the cosmetics business and become the market leader in the cosmetics industry. However, the company is facing natural attrition and hence directs the human resource department (HR) to develop ways to reduce the turnover rate. The department decides to provide training to the company's current employees to increase their skills so that they become more valuable to the organization. In the given scenario, the HR department most likely wants to implement a _____.
A) growth strategy
B) stability strategy
C) reduction strategy
D) retrenchment strategy
Correct Answer:
Verified
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