The internal labor market provides a large,diverse firm with the chance to make savings,by:
A)Developing senior managers with wide experience
B)Relying less on external recruitment consultants
C)Having first-hand knowledge of a large pool of internal recruits for transfer between businesses
D)All of the above

Question

Quizplus · Accepted Answer

All of the options mentioned contribute to cost savings for the firm. Developing senior managers with wide experience reduces the need for external recruitment and training costs. Relying less on external recruitment consultants also saves on fees for their services. Having first-hand knowledge of a large pool of internal recruits for transfer between businesses allows the firm to avoid costly external recruitment for new positions. Therefore, all the options provide cost-saving opportunities for a large, diverse firm.

The Internal Labor Market Provides a Large,diverse Firm with the Chance