Costs of Recruitment, Selection and Training (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
How much can replacing a single employee cost a business according to research?
How much can replacing a single employee cost a business according to research?
£30,614
What are the two main elements that make up the total cost of replacing an employee?
What are the two main elements that make up the total cost of replacing an employee?
Lost output and process costs
How do recruitment costs typically change as the seniority of the role increases?
How do recruitment costs typically change as the seniority of the role increases?
They increase
Which recruitment method is relatively inexpensive compared to other advertising approaches?
Which recruitment method is relatively inexpensive compared to other advertising approaches?
Internal recruitment via intranet
What type of cost occurs when senior staff conduct interviews instead of their normal work?
What type of cost occurs when senior staff conduct interviews instead of their normal work?
Opportunity cost
Why might newly recruited staff create ongoing costs beyond one-off recruitment expenses?
Why might newly recruited staff create ongoing costs beyond one-off recruitment expenses?
They negotiate higher salaries
Which type of training are businesses legally required to provide to employees?
Which type of training are businesses legally required to provide to employees?
Health and safety training
What problem occurs when employees leave to join rivals after receiving valuable training?
What problem occurs when employees leave to join rivals after receiving valuable training?
The poaching problem
Which benefit of training helps businesses attract and retain talented staff?
Which benefit of training helps businesses attract and retain talented staff?
Offering high-quality training
What is induction training designed to do for new employees?
What is induction training designed to do for new employees?
Help them settle quickly into the role