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)labor hoarding.
D)union busting.

Question

Quizplus · Accepted Answer

Labor hoarding refers to the practice of retaining some employees during a recession, rather than laying them off, in order to avoid the costs of hiring and training new workers once the economy recovers. This can help firms maintain continuity of operations and avoid disruptions in production. The gift exchange motive refers to the idea that workers may be motivated to work harder or remain loyal to the firm in exchange for non-monetary benefits, such as job security or opportunities for training and development. Worker pooling refers to the sharing of employees between firms, while union busting refers to the practice of breaking up labor unions or preventing workers from unionizing.

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