Which of the following statements best describes a hiring freeze?
A) It is usually only successful during times of economic crisis.
B) It is a workforce attrition strategy.
C) It discourages competent employees.
D) It leaves more talented labour for the competition.

Question

Quizplus · Accepted Answer

A hiring freeze is a strategy where an organization temporarily stops hiring new employees, regardless of the position. This means that a company will only replace employees that have left the company or retired. It is used as a workforce attrition strategy to save money on the payroll expenses. It is not meant to discourage competent employees or to leave more talented labor for the competition but to manage the current workforce. It is used both during economic crises and periods of normal business operations.

Which of the Following Statements Best Describes a Hiring Freeze