Identify the Similarity Between the Natural Attrition and Early Retirement

question 28

Multiple Choice

Identify the similarity between the natural attrition and early retirement strategies for reducing a labor surplus.

• A) Both strategies yield slow results for an organization.
• B) Both strategies cause high suffering to the employees of an organization.
• C) Both strategies can be applied for preventing labor shortages.
• D) Both strategies are expensive to implement.
• E) Both strategies encourage layoffs.

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Definitions:

Monthly Rate

The interest rate or return expressed on a monthly basis, often used in loan repayments or savings calculations.

Employer Contributes

Refers to the financial or resource input made by employers towards employee benefits, retirement plans, or health insurance.

Saving

The process of setting aside a portion of current income for future use, or the amount of money that is put aside.

Earns

The act of receiving money in exchange for goods or services, or as profit from investments.