In the event where old and experienced workers exit a firm, the firm admits to losing effective and reliable contribution to the daily tasks. Although the firm replaces these workers, it is evident that the new workers cannot match the experience of the old ones. The company resorts to indulging in expenses directed to train the new workers to make them more efficient to maintain consistency in their productivity. It is in contrast to the fact that by releasing the old workers into retirement, the companies shrink their wage budgets.
Rather than loose experienced workers instantly, it is Continue reading...