Faced with incomplete information about the future national economic conditions, many employers have eschewed the tradition of hiring full-time, permanent employees in favor of ________.
A) hiring only high school graduates willing to work for lower wages
B) a reduced work week of no more than 30 hours per week per employee
C) off-shoring as many jobs as possible to reduce costs associated with government-mandated programs
D) a flexible work arrangement that includes freelancers and temporary workers

Question

Quizplus · Accepted Answer

Employers are opting for a flexible work arrangement that includes freelancers and temporary workers to minimize risks and costs associated with uncertain economic conditions. This helps companies adjust their workforce rapidly in response to changing market conditions, without incurring additional fixed costs such as benefits, insurance, and salaries for full-time employees.

Faced with Incomplete Information About the Future National Economic Conditions