Podcast
Questions and Answers
What is the potential cost-saving impact of offering training, according to the text?
What is the potential cost-saving impact of offering training, according to the text?
- It has no impact on cost containment
- It increases the likelihood of legal exposure
- It leads to higher expenditures on lawsuits
- It can save money in the long run (correct)
What is turnover in the context of HRM?
What is turnover in the context of HRM?
- The movement of jobs overseas to contain costs
- The number of employees who leave a company in a particular period of time (correct)
- The amount of money spent on employee training
- The process of hiring new employees
What is one of the causes of lost revenue, as mentioned in the text?
What is one of the causes of lost revenue, as mentioned in the text?
- Ineffective communication (correct)
- Employee motivational strategies
- Cost containment strategies
- Offshoring jobs overseas
What does offshoring refer to in the context of cost containment?
What does offshoring refer to in the context of cost containment?
Training employees and management on how to work within the law may lead to increased legal exposure.
Training employees and management on how to work within the law may lead to increased legal exposure.
Health care costs companies approximately $9,764 per year for a single employee.
Health care costs companies approximately $9,764 per year for a single employee.
The cost of hiring an employee or replacing an old one can be as high as $9,777 for a position that pays $40,000.
The cost of hiring an employee or replacing an old one can be as high as $9,777 for a position that pays $40,000.
Most of the jobs moved overseas through offshoring are manufacturing jobs.
Most of the jobs moved overseas through offshoring are manufacturing jobs.
What is a cafeteria plan, and how does it contribute to cost containment for health-care plans?
What is a cafeteria plan, and how does it contribute to cost containment for health-care plans?
How has technology impacted human resources, and what unique challenges does it create?
How has technology impacted human resources, and what unique challenges does it create?
