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In Times When There Is a Work Shortage, What Alternatives

question 52

Essay

In times when there is a work shortage, what alternatives to layoff are available for employers to consider? In your answer, indicate why an employer might consider alternatives to layoff and identify and describe three alternatives.


Definitions:

Equity-Financed

A method of funding in which a company raises capital through the sale of shares, effectively trading ownership interest for investment funds.

Incremental Value

The additional or extra value generated by taking a particular action, often compared to doing nothing or choosing an alternative.

Goodwill

An intangible asset that arises when a company acquires another business for more than the value of its tangible and identifiable intangible assets.

Fixed Assets

Long-term tangible assets that a company uses in its operations and that are not expected to be consumed or converted into cash within one year.

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