Solarn Inc. is a relatively new company that employs 23 workers. When it finished a major contract, the owner realized that there wasn't enough work left for all the remaining workers. The company is negotiating contracts that could provide future work in a few months, but it currently must address its labor surplus in order to remain financially sound. What is the best strategy to deal with this labor surplus?

Question

Quizplus · Accepted Answer

Work sharing allows the company to reduce the hours of all employees, rather than laying off some workers, which can help retain skilled employees for future contracts while addressing the immediate labor surplus.