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A major automobile maker has two models of sedans. The first model has been shown to get an average of 27 mpg on the highway with a standard deviation equal to 5 mpg. The second model gets 33 mpg on average with a standard deviation of 8 mpg. Based on this information the first car model is relatively more variable than the second car model.
Contingent Workforce
A labor pool consisting of people employed by organizations on a non-permanent basis, such as freelancers, temporary contract workers, or consultants.
Survivor Syndrome
Emotional and psychological effects experienced by employees who remain in an organization after significant layoffs or restructuring.
Part-Time Workers
Refers to individuals who are regularly expected to work less than 40 hours a week. They typically do not receive benefits and afford the organization a great deal of flexibility in staffing.
Scheduling Flexibility
Scheduling flexibility refers to the ability of employees to have control over their work hours, including when and where they work, often aimed at improving work-life balance.
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