DrenchFort Corp.is a small company that pays high wages.As its wages are high, it does not provide any benefits.Recently, it has noticed that its employee turnover has increased, so it decides to provide benefits to retain employees.Which of the following benefits is most likely to reduce turnover?

Question

Quizplus · Accepted Answer

Medical coverage is the benefit that is most likely to reduce turnover as it provides employees with access to health care, which can be a significant expense for individuals. By offering medical coverage, DrenchFort Corp. is providing its employees with a valuable benefit that can increase their job satisfaction and reduce their likelihood of leaving for another job with similar pay and benefits. Counseling services, an early retirement plan, and profit-sharing plans may also be valuable benefits for employees, but they are less likely to directly address the concerns that are causing turnover at DrenchFort Corp.