Forecasting Indicates Your Company Needs to Reduce Its White-Collar Workforce

question 61

Multiple Choice

Forecasting indicates your company needs to reduce its white-collar workforce in order to avoid a labour surplus in the next three to five years.Consistent with the corporate culture it wants to maintain,your company places a higher priority on minimizing human suffering than on achieving the labour reduction quickly.The options that are most consistent with these priorities are:

• A) demotions and transfers.
• B) transfers and reducing hours.
• C) early retirement and retraining.
• D) natural attrition and transfers.
• E) pay reductions and transfers.

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Definitions:

Promotional Element

Components of a promotional mix used by companies to communicate with their target markets, including advertising, public relations, and personal selling.

Public Relations

The practice of managing and disseminating information from an individual or organization to the public in order to influence their perceptions.

Stockholders

Shareholders are persons or organizations holding stock in a corporation, entitling them to specific rights and possibly a portion of the company's earnings in the form of dividends.

Social Media

Web-based applications and technologies facilitating content creation, sharing, and social media participation by users.