When Would a Hiring Freeze Be a Poor HR Decision

question 54

Multiple Choice

When would a hiring freeze be a poor HR decision made by a company's CEO?

• A) When openings can be filled by reassigning current employees
• B) When the company is experiencing an employee surplus
• C) When the company is downsizing due to a slow economy
• D) When a competitor is taking away market share
• E) When the demand for workers exceeds supply

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Definitions:

Cost Ratio Formula

A mathematical formula used to determine the costs associated with producing goods or services in relation to the revenue they generate.

Total Expenses

The sum of all expenditures incurred by an individual or organization, including operational, capital, and other miscellaneous costs.

Petty Cash

A small amount of cash kept on hand for minor, immediate expenses.

Small Payments

Transactions involving a minimal amount of money, typically associated with minor or routine purchases.