Which of the following are likely responses to labor shortages?
A) Decreased pay and benefits packages
B) Hiring bonuses and stock options
C) Decreased use of temporary employees
D) Higher hiring standards

Question

Quizplus · Accepted Answer

A common response to labor shortages is to offer incentives to attract new employees. This can take the form of hiring bonuses or stock options, which can be more appealing than simply increasing pay or benefits packages. The other options listed - decreased pay and benefits packages, decreased use of temporary employees, and higher hiring standards - are not effective solutions for addressing labor shortages. Decreased pay and benefits packages drive away potential employees, decreased use of temporary employees limits staffing flexibility, and higher hiring standards can make it even harder to find qualified candidates.

Which of the Following Are Likely Responses to Labor Shortages