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Question 23 (10 marks) (a) Outline how corporate culture can affect staff turnover - HSC - SSCE Business Studies - Question 23 - 2021 - Paper 1
Question 23
Question 23 (10 marks) (a) Outline how corporate culture can affect staff turnover. (b) Why might a business use a contractor to recruit staff?
Worked Solution & Example Answer:Question 23 (10 marks) (a) Outline how corporate culture can affect staff turnover - HSC - SSCE Business Studies - Question 23 - 2021 - Paper 1
Step 1
Outline how corporate culture can affect staff turnover.
Answer
Corporate culture reflects the beliefs and values that are shared amongst employees in a business. A strong corporate culture can create a supportive work environment, leading employees to feel valued and respected. This sense of belonging and alignment with the company's values often reduces staff turnover, as employees are more likely to stay with a company that respects and fulfills their needs. Conversely, a negative corporate culture may lead to high turnover rates, as employees may feel undervalued or disconnected from the organization.
Step 2
Why might a business use a contractor to recruit staff?
Answer
Recruitment involves identifying and attracting appropriate employees for a role. A business might use a contractor to leverage specialized recruitment skills that may not be inherently available within the organization. This approach allows the business to focus its internal resources on core activities while ensuring that recruitment is managed effectively by experts who can navigate the job market more efficiently.