Describe Three Options an Organization Could Use When Faced with a Labor

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The Answer is Varies but should include three of the following options: A layoff is the process of terminating a group of employees to improve organizational efficiency and effectiveness.A pay reduction lowers the rate of pay for groups of employees within the organization.Work sharing occurs when we cut the hours available to each worker on a per-week or per-month basis,because fewer hours of work are available in the company.The option to allow natural attrition may also occur.In this case,we lower employee numbers by not refilling jobs when turnover occurs.In a hiring freeze,we allow natural attrition,but in addition,we don't create any new jobs,even if they are needed.We stop all hiring-not just rehiring for existing positions.Retraining and transferring workers from one job to another may allow us to lower the number of workers in a particular part of our business,but it will only work if we have too many employees in one type of job and too few in another.Early retirement can be a valuable option in some cases.In an early retirement offer,employees are given the choice of leaving the company before they would normally retire,and in exchange,the employee will receive some benefits from the organization.

Describe Three Options an Organization Could Use When Faced with a Labor

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