lauren is the HR manager at a busines that hires electricians she reads an article that says fewer young people are choosing to prepare for this field how will this decline in the labor likely to affect laurens company
the falling labor supply will make it harder to find qualified people
the falling labor supply will increase the companys demand for labor
the falling labor supply will increase the companys demad for labor
the falling labor supply will loser the cost of labor for electricians
The first option "the falling labor supply will make it harder to find qualified people" is the most likely answer. If fewer young people are choosing to prepare for the field of electricians, there will be a decline in the pool of qualified candidates for Lauren's company to hire from. This will make it more difficult to find skilled electricians to fill job openings.
The falling labor supply is likely to affect Lauren's company in the following ways:
1. The falling labor supply will make it harder to find qualified people: This means that Lauren's company may struggle to find skilled electricians to hire. With fewer young people choosing to enter the field, there may be a limited pool of qualified candidates available.
2. The falling labor supply will increase the company's demand for labor: As the supply of available electricians decreases, the demand for qualified workers will increase. Lauren may need to compete with other companies to attract and retain skilled electricians, potentially leading to higher wages and better benefits.
3. The falling labor supply will increase the company's demand for labor: This point is the same as the previous one and highlights the fact that with fewer people entering the field, the demand for electricians will grow.
4. The falling labor supply will lower the cost of labor for electricians: This statement is incorrect. When the supply of labor decreases, it usually leads to increased competition among employers to attract workers, resulting in higher wages rather than lower costs.
Considering these points, the falling labor supply in the electrician field is likely to create challenges for Lauren's company in finding and attracting qualified electricians.
The correct answer is: "The falling labor supply will make it harder to find qualified people."
To arrive at this answer, let's break down the scenario. Lauren is the HR manager at a business that hires electricians. She reads an article stating that fewer young people are choosing to prepare for this field. Based on this information, we need to determine how this decline in the labor force is likely to affect Lauren's company.
Firstly, if fewer young people are entering the field, there will be a decrease in the number of potential candidates for electrician positions. This means that when Lauren's company is looking to hire new electricians, they will have a smaller pool of qualified applicants to choose from. As a result, it will become more challenging to find suitable candidates who have the necessary skills and qualifications.
Therefore, the falling labor supply will make it harder for Lauren's company to find qualified people. This is because there will be a limited number of individuals actively seeking careers as electricians, leading to increased competition among employers to attract and hire qualified candidates.