Examlex
In the circular flow model,households supply resources such as labor services in the product market.
Voluntary Severance Packages
Financial and other benefits offered to employees as an incentive for them to resign or retire early, commonly used in workforce reduction strategies.
Organizational Efficiency
The degree to which an organization can achieve its objectives with the least amount of resources spent, such as time, money, and manpower.
Work Processes
The series of activities, tasks, or steps designed to produce a specific output within an organization.
Outplacement Issues
Challenges related to assisting former employees transition to new jobs or careers after being laid off or terminated.
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