When the Economy Goes into a Recession and Firms Require

question 191

Multiple Choice

When the economy goes into a recession and firms require less labor, managers tend to

• A)reduce wages to reflect the lower demand for labor.
• B)avoid cutting wages, for fear of drops in worker productivity.
• C)lay off workers and keep wages of the remaining workers constant.
• D)keep all of their workers by spreading work more thinly.

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Definitions:

Exaggerated Responsibilities

Job descriptions or claims that overstate the actual duties or importance of a role.

Recruiting Process

The series of actions taken by an organization to identify, attract, assess, and hire candidates for employment.

Target Recruits

Individuals identified as ideal candidates for a specific job or role within an organization.

Inducements

Monetary, nonmonetary, or even intangible incentives used by a firm to attract recruits.