Asked by
Uttam Debnath
on Oct 30, 2024Verified
Charlie, an HR manager at Delaney Inc., is expecting a labor surplus for the company in the month of November. This gives Charlie nearly eight months to deal with the problem. In order to reduce the labor surplus, Charlie decides to use a ________ strategy, which causes less suffering for employees.
A) downsizing
B) demotion
C) hiring freeze
D) pay reduction
E) transfer
Labor Surplus
A labor surplus occurs when there are more workers available than jobs, leading to unemployment and underemployment.
Hiring Freeze
A temporary halt in the recruitment process of an organization aimed at reducing costs.
Pay Reduction
A decrease in the amount of money an employee is paid, often as a result of economic difficulties, performance issues, or restructuring within an organization.
- Absorb the strategies pertinent to balancing labor supply and demand.
- Explore the impact of labor strategies on employee morale and organizational culture.
Verified Answer
SS
Learning Objectives
- Absorb the strategies pertinent to balancing labor supply and demand.
- Explore the impact of labor strategies on employee morale and organizational culture.