As Director of HR, You Are Discussing Cost Pressures on the Company

question 67

Multiple Choice

As director of HR, you are discussing cost pressures on the company with the CEO and the CFO. Two possible options are suggested: reducing the amount of next year's base pay raises for employees or reducing the health-benefit program for employees. The CEO and CFO ask you which reduction will cause the most dissatisfaction among employees. With research in mind, which prediction will you share with them?

• A)Employees are so unaware of their health benefits that they won't even notice reductions.
• B)Employees will be most upset by lower raises.
• C)Employees will be most upset by reduced health benefits.
• D)Employees will be just as upset with either lower raises or reduced health benefits.

Recognize the role of deprivation, economically and socially, in sparking collective action.

Understand the concept of resource mobilization and its role in sustaining social movements.

Analyze the impact of social control measures on the dynamics of protests and social movements.

Comprehend how global events and organizational strategies influence the actions and successes of social movements.

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Definitions:

Irving Fisher

An American economist known for his work in the field of economics, including the theory of interest and the equation of exchange.

Tax on Consumption

A levy placed on the spending on goods and services, often implemented through sales tax or value-added tax (VAT).

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Saving

The process of setting aside a portion of current income for future use, either by depositing money in a bank or purchasing financial instruments.