406514 'It's easy to reduce turnover, just pay people more money'. Formulate an argument for or against. 'It's easy to reduce turnover, just pay people more money'. Formulate an argument for or against.
In saying this, many business leaders believe that it's easy to reduce turnover by just paying the people more money.
"It's easy to reduce turnover, just pay people more money". Comment Money is not the only reason behind the turnover of employees.
Perhaps the store has undergone an expansion in order to reduce taxes, or has borrowed money for renovations, or just to keep up inventory. Therefore, interest rates going up means more money out of his pocket to pay his debts.
It's relatively easy to cut wage costs in that type of structure, because there is usually high employee turnover. The lack of an employee union makes it easy for Wal-mart to freeze or reduce pay and benefits, keeping those costs in check.
It's gone. You need to start from zero again and spend time, money and effort in recruiting, hiring and training her replacement.
It wouldn't hurt to know the turnover rate of employees at your competitor as well. Just because your competitor pays more doesn't mean they don't have high turnover as well.
However the way it's being implemented and used does not just address those that are extremely rich, but also other people and households in particular are becoming increasingly liable for that tax.
Since both Joe and Brooke mentioned this and turnover is high this is something Ann needs to get more involved with personally.
The more high-risk people you have, the more restlessness there will be, and those are the employees most likely to leave. If the company is interested in reducing turnover, they should hire more at the market rate and pay them a sum bonus. 4.