1. Should a firm’s selection process be initiated whenever there is an opening? Or should the process be ongoing? Would the hiring effort vary by firm size or industry?
2. Suppose a firm typically employees 15 salespeople. During the course of the year, 2 salespeople leave the firm for higher paying jobs, 1 salesperson is fired, and 1 salesperson retires. What will the turnover rate of the firm’s salespeople be for the year?
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