Internal labor markets benefit workers in that such markets:
A)provide job security and opportunities for advancement
B)allow wage rates to adapt quickly to changing economic conditions
C)provide increased mobility from one firm to another as a method of career advancement
D)pay for workers' general training

Question

Quizplus · Accepted Answer

Internal labor markets provide job security as workers have opportunities for career advancement within their firm rather than seeking new employment elsewhere. As they gain experience and skills through time, they can be promoted to higher-level positions within the same company. This leads to higher job satisfaction, commitment to their organization, and lower turnover rates.

Internal Labor Markets Benefit Workers in That Such Markets