A socially responsible business might use employee retention programs to reduce turnover rates.

Question

Quizplus · Accepted Answer

Employee retention programs focus on keeping employees engaged, motivated and committed to their work, which in turn, reduces turnover rates. By reducing employee turnover, a socially responsible business can promote job security for its employees, foster a positive work environment, and minimize the negative social and environmental impacts associated with high turnover rates (e.g., increased waste and resource consumption, decreased employee morale, and decreased productivity).

A Socially Responsible Business Might Use Employee Retention Programs to Reduce