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Explain the primary factors that affect labor supply

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1. Explain the primary factors that affect labor supply and labor demand. Which factors are most important to consider?

2. What workforce planning tactics should you use to address a labor surplus? Why do you think many companies immediately implement a layoff when faced with a labor surplus?

3. Explain the impact environmental factors have on managers' workforce planning decisions. Which environmental influences do you think will have the greatest impact on workforce planning in the next five years?

Reference no: EM131698058

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