Asked by Keondra Jones on May 23, 2024
Verified
Firms with pension plans have higher turnover rates among employees.
Pension Plans
Financial programs established by employers to provide retirement income for employees, where benefits are determined by factors such as salary history and duration of employment.
Turnover Rates
The percentage of employees leaving a company over a specific period, indicative of workforce stability.
- Recognize the importance of non-direct salary in securing and keeping employees.
Verified Answer
JA
Joyce AmissahMay 28, 2024
Final Answer :
False
Explanation :
This statement is false. In fact, firms with pension plans have been found to have lower turnover rates among employees as employees tend to view these benefits as valuable and are more likely to stay with the company for the long term.
Learning Objectives
- Recognize the importance of non-direct salary in securing and keeping employees.
Related questions
Research Shows That Satisfaction with a Benefits Plan Declines as ...
Which of the Following Is NOT an Issue in Establishing ...
Explain Why Organizations Pursuing a High-Involvement Management Strategy May Find ...
Briefly Discuss the Advantages and Disadvantages of Using Indirect Pay
When Jack Kilgore Looked at His Many Job Offers (He ...