With a tight labor market, the organization will be in a position to provide lower cost offers.

Name: With a tight labor market, the organization will be in a position to provide lower cost offers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

With a tight labor market, the competition for skilled labor increases, making it more expensive for employers to attract and retain talent. Therefore, the organization may have to provide higher wages and benefits to remain competitive, which makes it difficult to provide lower cost offers.

With a Tight Labor Market, the Organization Will Be in a Position