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Egg Head, Inc., is facing financial problems. In order to tackle the situation, the management has decided to reduce the number of middle managers by 20 percent to help them cut costs. This is an example of
Demand for Labour
The total amount of workers that employers want to hire at a given wage rate and period.
Historical Relationship
The examination and understanding of how past interactions, patterns, or events influence current states or future developments.
Ratio Analysis
A quantitative method of projecting HR demand by analyzing the historical relationship between an operational index and the number of employees required.
Operational Index
A quantifiable measure used to assess, compare, and track the efficiency or performance of a business's operations over time.
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