A three-year total wage increase package that provides 8 percent wage increase in the first year, 5 percent in the second year, and 2 percent in the third year is known as a back-end contract.
Indicate whether the statement is true or false
Question 2
RST is a small software firm that operates using the very latest technology. As a result, the employee skill sets required change rapidly.
The skill sets of employees who have been with the company for several years are found to be inferior to those of new hires, and the company has realized that fresh graduates are often better qualified to handle the projects. The firm's resources are limited and it needs to spend as little as possible on the staffing function, reserving most of its capital for project-specific investments. Which of the following staffing goals would be most suited to the company's needs?
A) Recruiting semi-skilled workers from nontraditional sources and training them.
B) Reducing the employee turnover rate.
C) Hiring employees every two years on a contract basis.
D) Hiring employees whose skills can be developed over the long term.
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