Which model is commonly used for quantifying the cost and value of employees?Option Market-Based Model Cost-Benefit Model None of all Performance-Based Model
Question
Which model is commonly used for quantifying the cost and value of employees?Option Market-Based Model Cost-Benefit Model None of all Performance-Based Model
Solution
The Cost-Benefit Model is commonly used for quantifying the cost and value of employees. This model involves comparing the total costs associated with an employee (like salary, benefits, training costs, etc.) to the total benefits that the employee brings to the organization (like productivity, sales, customer satisfaction, etc.). If the benefits outweigh the costs, then the employee is considered to be valuable to the organization.
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