Given the Fact That Technology Reduces the Need for Labour

question 42

Multiple Choice

Given the fact that technology reduces the need for labour, what is one strategy being applied by HR managers to cope with large numbers of employees approaching retirement

• A)Employers have reduced their need to advertise with traditional media sources like newspapers.
• B)Employers have focused their search on younger and tech-savvy applicants.
• C)Employers have limited their early-retirement incentives to managers only.
• D)Employers have implemented layoffs that are not age related.

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Definitions:

Legal Title

The formal ownership of property, which includes the rights to use, manage, and dispose of the property.

Personal Trust

A legal arrangement where assets are managed by a trustee for the benefit of another party, based on trust and confidence.

Defined Benefit

A type of retirement plan that promises a specified monthly benefit at retirement, which can be determined by factors such as salary history and duration of employment.

Pension Plan

A retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit. The pool of funds is invested on the worker's behalf, and the earnings on the investments generate income to the worker upon retirement.