Which of the following changes in employment relations is most likely to occur in a period of economic growth?
(A) Decreased funding of family-friendly programs
(B) Decreased financial rewards offered to employees
(C) Increased number of training programs to overcome skill deficits
(D) Increased number of employees offered redundancy packages - HSC - SSCE Business Studies - Question 13 - 2005 - Paper 1
Question 13
Which of the following changes in employment relations is most likely to occur in a period of economic growth?
(A) Decreased funding of family-friendly programs
(B)... show full transcript
Worked Solution & Example Answer:Which of the following changes in employment relations is most likely to occur in a period of economic growth?
(A) Decreased funding of family-friendly programs
(B) Decreased financial rewards offered to employees
(C) Increased number of training programs to overcome skill deficits
(D) Increased number of employees offered redundancy packages - HSC - SSCE Business Studies - Question 13 - 2005 - Paper 1
Step 1
Increased number of training programs to overcome skill deficits
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Answer
During periods of economic growth, companies often experience an increase in demand for their products and services, which can lead to a need for a more skilled workforce. This typically results in an increased number of training programs aimed at overcoming skill deficits within the organization. By investing in employee training, companies can enhance performance, improve productivity, and ensure that employees are well-equipped to meet the demands of growth.