James Coal employs nine hundred people, but has lost approximately 10 percent of its workforce in the last six months to competing industries. In an effort to keep its workers, the company is thinking about increasing hourly wages by 10 percent and extending dental benefits to all full-time employees. To determine the effect these changes will have on its internal labor supply, the company should complete an

Question

Quizplus · Accepted Answer

An internal supply forecast is the correct approach for James Coal to determine the effect of wage increases and extended benefits on its internal labor supply, as it involves predicting future employee availability within the company based on current workforce data and planned changes.

James Coal Employs Nine Hundred People, but Has Lost Approximately