Which Two Factors from the External Environment Might Affect an Organization's

question 66

Multiple Choice

Which two factors from the external environment might affect an organization's need for training and its employees' receptivity to being trained?

• A) trade agreements and new technologies
• B) competitors and corporate strategy
• C) recessions and employment equity
• D) demographics and organizational culture

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Definitions:

Compensating Differential

A difference in wage rates designed to offset the desirability or undesirability of a job's attributes.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Compensating Differential

A difference in wages that arises to compensate workers for non-monetary differences in different jobs, such as risk or undesirable location.

Hazard Pay

Hazard Pay is additional compensation provided to employees for performing work that is dangerous or involves risk.