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Xaio and Zhou own a building firm that employs 50 workers - OCR - GCSE Business - Question 13 - 2021 - Paper 1
Question 13
Xaio and Zhou own a building firm that employs 50 workers. Xaio and Zhou are concerned about the costs of recruitment. They are constantly having to advertise for re... show full transcript
Worked Solution & Example Answer:Xaio and Zhou own a building firm that employs 50 workers - OCR - GCSE Business - Question 13 - 2021 - Paper 1
Step 1
B. Find ways to increase employee retention
Answer
To address the concerns of recruitment costs, Xaio and Zhou should focus on increasing employee retention. This can be achieved through various strategies, such as improving workplace culture, providing opportunities for professional development, and enhancing job satisfaction. When employees are happy and feel valued, they are less likely to leave for other opportunities, reducing the need for constant recruitment.