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You are a HRM consultant working with several municipal governments across Eastern Canada to help them recruit future managers. As the baby boom generation retires, it is getting more difficult to find replacements to fill management-level public-sector positions. You have been involved in promoting several managers from within the organizations and have embarked on a program of leadership development and succession planning. In trying to recruit business school graduates, you have heard young job seekers state that they perceive government as a negative place to work and would not consider applying for government management positions.
-Refer to Scenario 6-3. What is an important but not always the most influential factor when attracting young business graduates?
Surplus
A situation where the quantity of a good or service supplied exceeds the quantity demanded, typically leading to lower prices.
Quantity Supplied
The amount of a commodity that producers are willing and able to sell at a particular price over a given period of time.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price point in a certain period.
Decrease
A reduction in quantity, size, or intensity of a particular entity or activity.
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