Updated: Aug 20, 2021

Taking on new employees. This is an important function of the management of a firm. Hiring is less subject to regulation than firing, so far as the number of new workers taken on is concerned. There are, however, various legal restrictions on how new workers are chosen; for example, discrimination by race or sex may be illegal, while, on the other hand, discrimination by nationality may be compulsory.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.