Question: During the same timeframe as the COVID - 1 9 pandemic, Advanced Hero was also reviewing its profitability as a company. While the company was
During the same timeframe as the COVID pandemic, Advanced Hero was also reviewing its profitability as a company. While the company was fortunate enough not to be facing as severe a financial decline, it was engaged in looking at alternative options for costsaving. Which of the following should the HR department recommend?
Freezing compensation in a hybrid format, such as freezing salaries as these wages are higher but allowing hourly rates to continue on unencumbered
Rescinding offers for nonessential positions, thereby enabling the most important work to still be completed
Requiring temporary furloughs to all employees and staggering the weeks of leave, where all employees including the CEO are in scope and the work impact is minimized
Outsourcing certain work where labor costs and fees are not as high externally, where much of the outsourced work can be nonessential
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