Experts estimate that,on average,the costs associated with replacing an employee are about ________ the employee's annual salary.
A)0)5 time
B)1 time
C)1)5 times
D)2 times

Question

Quizplus · Accepted Answer

Studies have shown that it can cost an employer up to 1.5 times the annual salary of an employee to replace them. The cost includes expenses associated with recruiting, training, lost productivity and potential impact on team morale. This is why it's important for companies to invest in employee retention strategies.

Experts Estimate That,on Average,the Costs Associated with Replacing an Employee