Organizations are MOST likely to be able to pay below-market compensation rates in an area with

Question

Quizplus · Accepted Answer

In an area with high unemployment, there is typically a pool of job seekers, which gives employers an advantage in setting lower pay rates. With a large supply of workers, employers can choose to pay less since there are many candidates willing to work for lower pay to secure employment. Therefore, organizational rates, that are below market rates, are more likely to be accepted, and the cost of talent acquisition can be reduced.

Organizations Are MOST Likely to Be Able to Pay Below-Market