Which of the following is true about the Consumer Price Index (CPI)?
A) It helps product markets place an upper limit on the pay an organization will offer.
B) Following and studying changes in the CPI helps employers prepare for changes in the demands of the labor market.
C) It helps organizations lure top-quality employees.
D) The CPI helps control labor market's demand for pay increases.
E) It helps organizations to compete with companies in other industries that hire similar employees.

Question

Quizplus · Accepted Answer

Managers play the most significant role in communication because they interact with their employees each day. The HR department should prepare them to explain why the organization's pay structure is designed as it is and to judge whether employee concerns about the structure indicate a need for change.

Which of the Following Is True About the Consumer Price