Freddie did not take into consideration the costs associated with the high turnover rate. He failed to include outfitting each new worker, a $150,000 yearly expense. If Mr. Jones tried a profit sharing plan ten years earlier without success, it will likely not affect productivity or the turnover rate in 1973. Like I speculated earlier, low productivity and a high turnover rate may be due to the undesirable, unskilled workers being hired from unemployment agencies. Freddie also failed…
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