________ can be used by companies when there is a labor surplus.
A) Hiring better employees
B) Using attrition, if they have planned far enough in advance,
C) Promoting current employees to new positions
D) Outsourcing work to contractors
E) Using their compensation policy to attract talent

Question

Quizplus · Accepted Answer

When a company has a labor surplus, they can use attrition by not replacing employees who leave voluntarily or through retirement. This can help reduce the number of employees without resorting to layoffs or other negative actions. Other options like hiring better employees or promoting current employees may not address the labor surplus issue, and outsourcing work or adjusting the compensation policy may not be viable solutions for every company or situation.

________ Can Be Used by Companies When There Is a Labor