27) Identify the similarity between the natural attrition and carly retirement s

Question

27) Identify the similarity between the natural attrition and carly retirement strategies for reducing a labor surplus. A) Both strategies cause high suffering to the employees of an organization. B) Both strategies encourage layoffs. C) Both strategies are expensive to implement. D) Both strategies yield slow results for an organization. E) Both strategies can be applied for preventing labor shortages. 28) Which of the following best describes a phased-retirement program A) It refers to laying off older employees in small batches. B) It refers to offering alternative work locations and work responsibilities to older employees. C) It refers to giving lucrative incentives to a large number of older employees to voluntarily retire. D) It refers to giving older employees a certain time limit to voluntarily retire. E) It refers to reducing both the number of hours older employees work as well as the cost of these employees. 29) 29) Which of the following are the most widespread methods for eliminating labor shortages? A) overtime and new external hires B) overtime and retrained transfers C) downsizing and merging with other organizations D) retrained transfers and turnover reduction E) hiring temporary workers and outsourcing work 0 30) Why is temporary employment popular with employers? It gives employers flexibility in operations. B) It is the most effective strategy for key customer service jobs. C) Temporary workers are more committed to the organization. D) The quality of work from temporary workers is usually far superior. E) It allows employers to comply with the requirements of affirmative action imposed by the government.

Explanation / Answer

27. D

Both natural attrition and early retirement strategies help in downsizing however both are slow to implement.

28. E

Phased retirement is the best strategy to not put load on both organization as well as employee.

Employees are not asked to leave immediately but their dependency to the work is slowly reduced. It helps younger people to learn and take up the responsibilty.

29. E

Most widespread strategy to supplement the labor force is to hire contractual employees and ask them to leave when the project is over.

30. A

It is popular among people who want a flexible schedule and want to work on variety of projects in multiple locations. Some people use it as safer way of free lancing.

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