Question

"__________ refers to the percentage of the workforce that

leaves every year.
a)Retention
b)Contingency rate
c)Turnover
d)Alignment
e)Cyclical unemployment

Answer 1

Turnover refers to the percentage of the workforce that leaves every year. A high turnover rate can be costly for organizations as it can lead to increased recruitment and training expenses, decreased productivity, and a loss of institutional knowledge.

Step-by-step explanation:

The correct answer is c) Turnover. Turnover refers to the percentage of the workforce that leaves every year. It is a measure of the rate at which employees leave a company and need to be replaced. A high turnover rate can be costly for organizations as it can lead to increased recruitment and training expenses, decreased productivity, and a loss of institutional knowledge.