An Alternative to Layoffs in Which Some Employees Agree to Take

question 45

Multiple Choice

An alternative to layoffs in which some employees agree to take time off in order to reduce the employer's payroll and avoid the need for a layoff is called

• A)voluntary reduction in pay with time off.
• B)voluntary time off.
• C)contingent employment.
• D)bumping with time off.
• E)a ring of defence.

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Definitions:

Performance-Based Pay

A compensation strategy where an employee's pay is directly linked to their performance and achievements in the workplace.

Strategic Objectives

Long-term goals that help to guide an organization towards its envisioned future state and success.

Organizational Mission

The fundamental purpose or goal that guides a company or institution, often stated in a mission statement.

Incentive Pay

A form of compensation designed to reward employees for achieving specific performance targets or objectives.