Economic Costs Associated with Downsizing Include ________

question 46

Multiple Choice

Economic costs associated with downsizing include ________.

• A) threat to harmonious labor-management relations
• B) decreased employee morale
• C) higher unemployment insurance premiums
• D) difficulty in attracting new employees

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Definitions:

HR Functions

Encompasses the variety of roles and responsibilities managed by a Human Resources department, including recruitment, training, performance management, and employee relations.

Outsourced

The process of delegating certain tasks or services to external firms or individuals, rather than handling them in-house, often to reduce costs or access specialized skills.

Benefits Administration

The act of developing, overseeing, and refreshing a benefits package for an employee, which encompasses health coverage, pension schemes, and additional advantages.

Rule-Based Activities

Tasks or procedures that are governed by formal rules or guidelines, often used to ensure consistency and compliance.