GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Redundancy-when a business can no longer afford to employ the worker or when the job ceases to exist. Retirement-when workers withdraw from the workforce due to their age.
Detailed explanation-2: -Seasonal: Every season, certain jobs are still going to be needed. Cyclical: You’ll have cycles where there’s more unemployment and cycles where there aren’t. Structural: Shifts in the economy. Sometimes you’ll need more workers, sometimes you’ll need fewer workers.
Detailed explanation-3: -There are three main types of unemployment – cyclical, structural and frictional unemployment. In practice, these cannot be measured directly, and they can often overlap, but they provide a useful way of thinking about unemployment.