If financially troubled employers have not been able to maintain competitive market positions,the conventional response has been to _____.
A) increase the rate of reduction in average pay by controlling adjustments in base pay
B) decrease employees' copays and deductibles for benefits
C) increase base wages but not variable pay
D) reduce employment

Question

Quizplus · Accepted Answer

When financially troubled employers have not been able to maintain competitive market positions, the conventional response has been to reduce employment. This includes layoffs, hiring freezes, and not filling vacancies. This helps to reduce labor costs and allows the company to restructure and reorganize in order to become more competitive. The other options listed would not necessarily address the root cause of the financial troubles and may not be sustainable in the long term.

If Financially Troubled Employers Have Not Been Able to Maintain