Managing a Knowledge Intensive Workforce Is Very Challenging

question 44

Multiple Choice

Managing a knowledge intensive workforce is very challenging.The best way for a firm to manage its workforce is to

• A) retain knowledge workers by increasing rewards.
• B) ensure that it pays higher salaries than its rivals.
• C) balance efforts in attraction, selection, and retention of top talent.
• D) attract the brightest employees and train them often.

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Definitions:

Overconfidence

Refers to the cognitive bias where an individual's subjective confidence in their judgments is reliably greater than their objective accuracy.

Economic and Military Predictions

The process of forecasting future economic trends and military capabilities or situations based on current data and trends.

Correlational Design

A type of research methodology that examines the relationship between two or more variables without manipulating them.

Naturally Occurring Relationships

Relationships that form without any intervention or manipulation by researchers, reflecting genuine connections between entities.