Question: Please help me with that journal: I attached the tables: Workforce Reduction Introduction: Workforce reduction is one of the toughest challenges for a human resources
Please help me with that journal:
I attached the tables:
Workforce Reduction
Introduction:Workforce reduction is one of the toughest challenges for a human resources manager. In today's marketplace, financial and growth considerations can change rapidly, affecting an organization's potential growth or even its existence in some cases. The latter is especially true with startup companies, or new organizations that may initially grow a bit too quickly and then must retrench when the market changes. Planning for a reduction is the responsibility of the human resource manager, and if done correctly can mitigate some of the difficulty and toll taken on all concerned.


Table 5.2b Options for Avoiding a Shortage Speed of Results Ability to Change Later Temporary employee5 Outsourcing Retrained transfers Turnover reductions New external hires SlowI Low Technological innovation Slow i MLGIJMHI Table 5.2a Options for Reducing a Surplus Option Speed of Results Amount of Suffering Caused Downsizing Fast High Pay reductions Fast High Demotions Fast High Transfers Fast Moderate Work sharing Fast Moderate Hiring freeze Slow Low Natural attrition Slow LOW Early retirement Slow LOW Retraining Slow Low McGrew Hil 13
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