Examlex
One way for an organization to deal with significant changes is a process known as
Outsourcing
The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.
Outplacement Services
Professional services that help terminated employees transition to new jobs by providing support such as resume writing and interview preparation.
Downsizing
Reducing the number of employees on an organization's payroll as a cost-cutting measure or to improve efficiency.
Voluntary Turnover
When an employee decides to leave a company on their own accord rather than being fired or laid off.
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