Asked by Ibrahim Budak on May 23, 2024
Verified
If the employee turnover of a firm is contingent upon the unemployment rate, it could mean that turnover increases as unemployment decreases.
Employee Turnover
The rate at which employees leave a company and are replaced by new employees, often used as a measure of organizational stability or satisfaction.
Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment.
- Elucidate the significance of contingency in management and organizational behavior.
Verified Answer
TK
Tanaya KellerMay 23, 2024
Final Answer :
True
Explanation :
When the unemployment rate decreases, it often indicates a stronger job market, making it easier for employees to find new job opportunities. This can lead to higher employee turnover as workers feel more confident in leaving their current positions for potentially better ones.
Learning Objectives
- Elucidate the significance of contingency in management and organizational behavior.
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