In which of the following situations would a hiring freeze be the best HR decision to be made by a company's CEO?
A) When the company is experiencing labour equilibrium
B) When the company is experiencing a labour shortage
C) When labour demand is greater than labour supply
D) When the supply of workers exceeds demand
E) When the demand for workers exceeds supply

Question

Quizplus · Accepted Answer

A hiring freeze would be best in situations where the supply of workers exceeds demand. This is because the company can avoid overspending on labor costs and retain their current workforce without adding additional expenses. If there is a high demand for workers, a hiring freeze may not be beneficial as the company might miss out on potential opportunities due to the lack of human resources.

In Which of the Following Situations Would a Hiring Freeze