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MARK ALL THAT ARE TRUE OF LABOR SUPPLY AND DEMAND. Question 1 options: Layoffs lower employee morale and engagement, and some of the best employees
MARK ALL THAT ARE TRUE OF LABOR SUPPLY AND DEMAND. Question 1 options: Layoffs lower employee morale and engagement, and some of the best employees may be lost. The trend today is that some jobs are being replaced by robotics Artificial Intelligence, or other time saving and labor-saving tools. The trend today is that organizations are experiencing a shortage of qualified people who are able to fill jobs that require more than basic skills. To lower labor costs, an organization may implement pay reductions, job-sharing, a hiring freeze, or early retirement. If an organization has a surplus or workers, some options are to have a layoff; a layoff results in labor savings immediately added to the bottom-line corporate performance
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