When unemployment rates fall,
A) there is less competition for qualified employees.
B) training and retention strategies increase in importance.
C) selection strategies increase in importance.
D) qualified workers become more engaged.
E) organizational culture improves.

Question

Quizplus · Accepted Answer

When unemployment rates fall, there are fewer people actively seeking employment, creating a smaller pool of available talent. This increases the importance of retaining current employees and investing in training to develop the skills of existing staff. As a result, training and retention strategies become more critical to ensure that organizations can maintain their workforce and keep up with demand.

When Unemployment Rates Fall