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One of Carlos's coworkers was recently promoted to a middle management position at their company. He seems to have quickly distanced himself from Carlos and their other coworker, Donovan. In fact, yesterday Donovan described the situation by saying, "He's gone to the dark side." Carlos understands what Donovan means because managers keep themselves removed from other employees, and seldom seriously solicit ideas for improvements or change from those in the trenches. The disadvantage in continuing this type of organizational culture is
Voluntarily Quits
The act of an employee choosing to leave their job out of their own will, often for reasons such as a better opportunity, personal reasons, or dissatisfaction with the current job.
Full Employment
A situation where all available labor resources are being used in the most efficient way possible, leading to no cyclical unemployment.
Frictional Unemployment
Short-term unemployment that arises from the process of workers moving between jobs or into the workforce.
Structural Unemployment
A form of unemployment caused by a mismatch between the skills that workers in the economy can offer and the skills demanded by employers.
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