According to Fayol, employee retention should not be given high priority as recruitment and selection costs of hiring new workers is low.

Question

Quizplus · Accepted Answer

Fayol's principles of management do not specifically mention employee retention, but it is widely accepted that retaining valuable employees is important for an organization's success. The cost of recruitment and selection is not necessarily low, especially considering the time and resources required to train new employees. Therefore, employee retention should be a high priority.

According to Fayol, Employee Retention Should Not Be Given High