Costs of Recruitment, Selection and Training (Edexcel A-Level Business): Flashcards
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Cost of replacing one employee (Oxford Economics research)
Cost of replacing one employee (Oxford Economics research)
£30,614
Two main elements of total employee replacement cost
Two main elements of total employee replacement cost
Lost output and process costs
How recruitment costs relate to job seniority
How recruitment costs relate to job seniority
Increase in direct proportion to seniority of role
Internal recruitment cost vs external recruitment cost
Internal recruitment cost vs external recruitment cost
Internal relatively inexpensive; external significant costs
Opportunity cost during interviews
Opportunity cost during interviews
Senior staff can't perform normal duties while interviewing
Three main categories of training costs
Three main categories of training costs
Training resources/courses, lost output, employee departure
Impact of off-the-job training on output
Impact of off-the-job training on output
Workers not producing goods/services, lower output levels
The 'poaching' problem in training
The 'poaching' problem in training
Employees leave to join rivals after receiving training
Legally required type of training
Legally required type of training
Health and safety training
Induction training definition
Induction training definition
Training for new employees when they start to help them settle