Retraining current workers for new jobs is more cost effective than firing them and hiring new ones.

Name: Retraining current workers for new jobs is more cost effective than firing them and hiring new ones.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

Retraining current workers for new jobs is more cost effective than firing them and hiring new ones as it saves the costs associated with recruitment, onboarding, and training of new employees, while also retaining the knowledge and experience of the existing employees.

Retraining Current Workers for New Jobs Is More Cost Effective