Your existing workforce is made up of 10,000 workers, each having skills valued at $40,000 per year. The plan calls for "creating alternative career opportunities" - in other words, laying off 500 employees. Your supervisor has tasked you with evaluating the situation to determine an estimated length of time required for payroll savings to recover restructuring costs. Action Items List the type of costs incurred when employees are laid off. Determine a rough estimate the length of time required for payroll savings to recover restructuring costs.

Write a business brief to your supervisor that discusses the following.

Q1.) The rough estimate of the length of time required for payroll savings to recover restructuring costs.

Q2) How you determined the time required for payroll savings to recover the restructuring costs.

Q3) The costs that are incurred in a layoff that are difficult to estimate in monetary terms.

Q4) If layoffs are financially justified if a company is expected to improve in one year.

Answer rating: 100% (QA)

Over the past several years many corporations have experienced reductions in the workforce of suffic... View the full answer