Labor force population: All individuals who are available for selection if all possible recruitment strategies are used.
Labor markets: The external sources from which organizations attract employees.
Lockout: Shutdown of company operations undertaken by management to prevent union members from working.
Long-term orientation: Dimension of culture that refers to values people hold that emphasize the future, as opposed to short-term values focusing on the present and the past.
Lump-sum increase (LSI): A one-time payment of all or part of a yearly pay increase.
"Change is the law of life, and those who look only to the past or the present are certain to miss the future."
