Steve,a production manager at Winsfeld Inc.,finds that productivity in the organization is low compared to the cost of labor.He plans to reduce labor costs by hiring highly skilled labor that results in greater productivity at lower costs.In the context of determining labor surplus and shortage,which of the following should Steve focus on to accomplish his goal?

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Quizplus · Accepted Answer

In this scenario, Steve needs to focus on core competency because his aim is to hire highly skilled labor that provides greater productivity at lower costs. Core competency means a set of knowledge and skills that make the organization superior to competitors and create value for customers. Hiring and retaining employees who provide core competencies will increase the efficiency of an organization.

Steve,a Production Manager at Winsfeld Inc