Asked by Osvaldo Munoz on Jul 14, 2024

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Organizations under pressure to cut labor costs may respond by

A) retaining staff levels.
B) providing pay increases to prevent employee turnover.
C) postponing hiring decisions.
D) requiring employees to bear less of the cost of benefits such as insurance premiums.
E) avoiding automation of routine tasks.

Labor Costs

The total expenditure incurred by employers for the compensation of their workforce, including wages, benefits, and taxes.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees over a specific period.

Automation

The use of machinery and technology to perform tasks without human intervention, often to improve efficiency and productivity.

  • Acknowledge the significance of product and labor markets in determining pay structures in organizations.
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OS
Onita SkinnerJul 20, 2024
Final Answer :
C
Explanation :
By postponing hiring decisions, the organization can avoid increasing their labor costs while still meeting their staffing needs. Retaining staff levels or providing pay increases would increase labor costs. Requiring employees to bear less of the cost of benefits would also reduce costs, but may not be enough to address the pressure to cut labor costs. Avoiding automation of routine tasks would not necessarily reduce labor costs.