Which of the Following Is a Common Practice for Retaining

question 12

Multiple Choice

Which of the following is a common practice for retaining IT workers?

• A) providing management training and development
• B) salaries lower than the market demands
• C) requiring employees to telecommute
• D) none of the above

---

Definitions:

Real Wages

Wages adjusted for inflation, representing the purchasing power of income earned from work.

Legal Minimum Wage

The lowest hourly, daily, or monthly remuneration that employers are legally allowed to pay their workers.

Equilibrium Wage Rate

The wage rate at which the quantity of labor demanded equals the quantity of labor supplied.

Wage Rates

The fixed amount of compensation paid to employees for their labor, typically expressed as payment per hour or per month.