Final answer:
Excessive employee turnover can have significant effects on the cost of recruiting and placing replacement employees, as well as other factors within a business.
Step-by-step explanation:
Excessive employee turnover can have significant effects on the cost of recruiting and placing replacement employees, as well as other factors within a business.
When employees leave a company, the organization must spend time and resources on finding and hiring new employees. This can involve advertising job openings, conducting interviews, and onboarding the new hires. These costs can add up, especially if there is a high turnover rate.
In addition to the direct cost of recruitment and placement, excessive turnover can also have indirect effects on a business. For example, frequent turnover can disrupt workflow and decrease team morale, which can ultimately affect productivity and overall business performance.