When a company is able to retain a significant number of employees over several years by paying higher wages and benefits, where might they also be saving money?
(1 point)
A. • the prices they charge customers
B. • the expenses associated with hiring and training employees
C. • lower taxes withheld from employees' weekly paycheck
D. • less employee theft and register errors
B. • the expenses associated with hiring and training employees
B. • the expenses associated with hiring and training employees
To determine the correct answer, let's evaluate each option:
A. The prices they charge customers: While paying higher wages and benefits to retain employees may be a contributing factor to higher prices, it does not necessarily mean that the company is saving money in this area.
B. The expenses associated with hiring and training employees: This option seems plausible. By retaining employees for several years, the company can reduce costs associated with recruiting, hiring, and training new employees.
C. Lower taxes withheld from employees' weekly paycheck: This option seems unlikely. Employee retention and wage levels do not necessarily affect the amount of taxes withheld from employees' paychecks.
D. Less employee theft and register errors: This option also seems plausible. When employees stay with a company for a longer period, they are more likely to be loyal and committed, which can result in fewer instances of theft or mistakes at the register.
Based on the evaluation, the most likely answer is B. By retaining employees, the company is likely saving money on expenses associated with hiring and training new employees.