Due to a Series of Resignations from the Organization,Zylon Inc

question 95

Multiple Choice

Due to a series of resignations from the organization,Zylon Inc.,a large software firm,is facing an acute labor shortage.During which of the following human resource planning steps would the firm contemplate several options to address the labor issue?

• A)Goal setting and strategic planning
• B)Program evaluation
• C)Forecasting
• D)Program implementation
• E)Data collection

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Definitions:

Prevailing Wages

The standard or most common wages determined by governmental or regulatory bodies, often used in context to ensure fair compensation in public contracts.

Skill-Based Pay Systems

Pay structures that set pay according to the employees' levels of skill or knowledge and what they are capable of doing.

Empowerment

Involves giving employees the authority, resources, and responsibility to manage their own tasks and make decisions, aiming to increase their influence and performance within the organization.

Product Market

The marketplace where final goods or services are traded between sellers and consumers or businesses.