Write a $700-$ to $1,050-$word report of your evaluation of the HigherTech Innovation$$s case using the provided Labor Cost Reduction Report template to organize your content.

Include an executive summary of the report, your recommendation, a detailed evaluation of the RIF option, and $3$ alternatives to the RIF. In your report:

Recommend the best solution for reducing payroll costs by $10\%$ based on your evaluation and justify your position. Include key points from your evaluation that support your recommendation.

Explain how to realize a $10\%$ reduction in payroll costs from a RIF. Be specific in your explanations, including which jobs would be affected, how to determine which positions would be selected for the RIF, the legal and ethical considerations of this option, and the consequences of this option, including expected and potential unintended consequences.

Identify $3$ alternative approaches to realize a $10\%$ reduction in payroll costs that do not include an involuntary separation of employment. Describe each alternative, which jobs would be affected, how they would be affected, and the advantages and disadvantages of each option. Include the legal and ethical considerations for each alternative and the expected and potential unintended consequences of each option.