Question

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?

A. Conducting trend analysis

B. Implementing propensity measures

C. Employing workers with a core competency

D. Implementing training methods

E. Using leading indicators

Answer

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