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Refer to the Scenario Below to Answer the Questions That

question 133

Multiple Choice

Refer to the Scenario below to answer the questions that follow.
Workforce Reduction Options at National Corporation (Scenario)
Mike has just been promoted to human resources manager at National Corporation.His boss,the vice-president of human resources,has asked him to prepare an employment plan to address a major restructuring in one of the divisions at National.The restructuring plans call for the elimination of 500 jobs and Mike must determine the best way to achieve this target.He is hoping that some of the affected employees who are older will accept incentives to terminate their employment before their normal retirement date.Other employees may be qualified for job openings in other divisions; however,Mike needs to compile a list of each employee's skills,training,and education in order to assess their talents.Some job vacancies will occur naturally as employees voluntarily resign from the company to pursue new career plans or employment opportunities.Still other employees may choose to accept part-time work or share jobs with their co-workers.Despite these workforce reduction options,Mike is concerned that some involuntary terminations will inevitably be required in order to achieve the restructuring plan.He will recommend that some of these terminations be classified as "temporary" so that qualified employees can still be recalled to fill future job vacancies in the coming weeks and months.
-Mike is considering the workforce reduction option of ________ for those employees who choose to accept part-time work.

Definitions:

Concept

A general idea or understanding that serves as a foundation for developing theories, experiments, or innovations.

Quarterly Payments

Payments that are made four times a year, typically for financial obligations such as loans or dividends.

Annual Rate

Annual rate typically refers to the interest rate for a loan or investment calculated on an annual basis, providing a basis for comparison with other financial products.

Interest

The charge for borrowing money, usually expressed as a percentage of the amount borrowed.