Question: XYZ needs to reduce its workforce because it is suffering an economic decline. The costs and benefits of employees are discussed at the upper level
XYZ needs to reduce its workforce because it is suffering an economic decline. The costs and benefits of employees are discussed at the upper level management of the company. One of managers suggested to make immediate cuts to both employees and management in a way that doesnt affect neither the companys scope nor its market. Other managers are against a short-term approach and suggest to consider the problems carefully and gradually downsize rather than making sudden cuts. They point out that 30% of employees is over age 60. The HR director, Lina, wants a smooth reduction possible. She finished her labor negotiation with the union for once. She mentioned that turnover at XYZ has been fairly high and wants to analyze the reasons for which people are leaving the company voluntarily.
Which of the following layoff alternatives would Lina most likely support?
Select one:
a. Instituting pay cuts
b. Implementing a hiring freeze
c. Offering job sharing
d.Retraining workers
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
