People in the environment who can be hired to work for an organization make up the labor market.

Question

Quizplus · Accepted Answer

The statement is true. The labor market consists of individuals who are available for hire as employees by organizations. These individuals may have varying levels of education, skills, and experience, and they may be seeking different types of employment arrangements such as full-time, part-time, contract, or temporary work. Organizations must compete in the labor market to attract and retain qualified employees.

People in the Environment Who Can Be Hired to Work