Examlex
A Scanlon plan is based on the notion that cost savings will be passed on to employees in the form of bonuses.
Capacity Utilization
A measure of how effectively an entity uses its productive capacity. It's the percentage of total potential output that is actually being achieved.
Aggregate Planning
A marketing activity that aims to match supply and demand by adjusting production rates, workforce levels, and inventory levels, over a medium-range period.
Hire Workers
The process of recruiting, interviewing, and employing individuals to perform tasks or jobs within an organization.
Lay Off Workers
The process of temporarily or permanently removing employees from their positions due to economic downturns, organizational restructuring, or cost-cutting measures.
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