Briefly Explain the Term Soft Rationing

question 11

Essay

Briefly explain the term soft rationing.

---

Definitions:

Generation Z

The demographic cohort following Generation Y, typically defined as those born from the mid-1990s to the early 2010s.

Baby Boomers

The demographic group born during the post-World War II baby boom, approximately between the years 1946 and 1964.

Generations

Groups of individuals, often grouped by birth years, who experience similar societal events and cultural shifts.

Seniority-based Pay

A compensation system where employees' wages or salaries are determined by their length of service or tenure within an organization, rather than performance.