Question: The advent of AI / Robotics / Cloud / IOT and other technologies presented tremendous growth opportunities to a firm in the New Economy. But
The advent of AI Robotics Cloud IOT and other technologies presented tremendous growth opportunities to a firm in the New Economy. But it also imposed cost challenges with too many non techsavvy and older staff.
The firm realized they had too many employees, and decided to downsize by letting of its staff go
It launched a Voluntary Separation Scheme VSS to encourage people to take a good payout and leave.
The firm was hoping the older staff in the firm with more than years of service and those who were not techsavvy would take this opportunity and happily go
In a Management Meeting months later, the HR Manager was shocked to see the results. The older staff were still around. However, a sizable number of the Top Talent in the firm High Potential High Performers Younger staff had taken the package and left.
What happened?
The Top Talent saw a great opportunity to make money and start a new career elsewhere they had a job market outside
The Senior Staff were too comfortable and entrenched, and felt they have nowhere to go after this firm since their skills may not be marketable readily
Firms are more willing to hire and invest in younger high performing employees as opposed to seniors
All of the above
B & C
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