Asked by David Thibodeaux-Benoit on May 07, 2024
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By reducing labor turnover,unions may increase productivity because a lower turnover rate:
A) results in a less-experienced workforce.
B) increases the incentive for firms to provide training to their workers.
C) allows firms to employ a greater number of younger,more energetic workers.
D) increases the incentive for firms to substitute labor for capital in the production process.
Labor Turnover
Labor turnover is the rate at which employees leave and are replaced in a company, indicating stability or volatility in the workforce.
Productivity
A measure of the efficiency of production, often expressed as the ratio of outputs to inputs in the production process.
Training
The process of enhancing the skills, capabilities, and knowledge of employees for the purpose of improving job performance.
- Investigate the repercussions of union activities on organizational productivity, labor market fluidity, and economic optimality.
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Learning Objectives
- Investigate the repercussions of union activities on organizational productivity, labor market fluidity, and economic optimality.
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