The most common approach to managing labour costs during a recession involves:
A)using a top-down budgeting
B)reducing employees' variable pay
C)reducing the workforce
D)hiring only core employees
E)using competitive market rates

Question

Quizplus · Accepted Answer

During a recession, companies often reduce the workforce to manage labor costs effectively, as it provides immediate cost savings.

The Most Common Approach to Managing Labour Costs During a Recession