The idea that firms retain some workers in a recession,whom they would otherwise lay off,to avoid the costs of hiring and training,is called
A)the gift exchange motive.
B)worker pooling.
C)labour hoarding.
D)union busting.

Question

Quizplus · Accepted Answer

The idea that firms retain some workers in a recession, whom they would otherwise lay off, to avoid the costs of hiring and training, is called labour hoarding. This practice helps firms to maintain a skilled workforce and reduces the costs associated with rehiring and training in the future. This also helps to maintain morale and a positive workplace culture, which can be crucial to the success of a business in the long term. Therefore, option C is the correct answer.

The Idea That Firms Retain Some Workers in a Recession,whom