The internal labor market is critical in predicting future promotions,turnover rates and demographics of the employee base.

Question

Quizplus · Accepted Answer

The internal labor market refers to the system of career paths and advancement opportunities within a company for its existing employees. By analyzing patterns within the internal labor market, such as who is promoted and who leaves the company, employers can make predictions about future promotions, turnover rates, and the demographics of their employee base. Therefore, the statement is true.

The Internal Labor Market Is Critical in Predicting Future Promotions,turnover