Which of the Following Is a Step Taken by Companies

question 51

Multiple Choice

Which of the following is a step taken by companies when there is a labor surplus?

• A) hiring better employees
• B) using attrition if they have planned far enough in advance
• C) promoting current employees to new positions
• D) outsourcing work to contractors
• E) using their compensation policy to attract talent

Understand the role and impact of intrapreneurs within organizations.

Grasp the significance of technological advancements and their implications for the future workplace.

Acknowledge the challenges and strategies in managing an increasingly diverse workforce.

Recognize the barriers and challenges faced by women and minorities in the workforce.

---

Definitions:

Pay Scales

Pay scales refer to the structured system that determines the salary range for different positions or levels of responsibility within an organization.

Department Manager

A person in charge of overseeing the operations, personnel, and budget of a specific department within an organization.

Administered

Managed or executed in accordance with set rules or procedures, often used in the context of tests, policies, or medications.

Compensation Inequities

Refers to the disparities or unfair differences in pay among employees that do the same or similar work, often tied to gender, race, or other demographic factors.