Which of the following statements about workforce demographics is true?

Question

Quizplus · Accepted Answer

Population growth influences the size and composition of the labor force. As population grows or changes, the labor force may increase or decrease, and the composition of the workforce may also shift. This can impact human resource strategies, as companies need to adapt to changes in available talent and skillsets.

Option A is false as training is necessary to enhance the skills and knowledge of entry-level workers.

Option B is false as workforce demographics play a significant role in shaping human resource strategies.

Option C is false as the scarcity of entry-level workers depends on various factors such as the industry, demand for labor, and economic conditions.

Option E is partially true as technical tasks can be outsourced overseas at a lower cost, but it may not always result in companies having to pay more for labor.

Which of the Following Statements About Workforce Demographics Is True