The Krandall Corporation wants to reduce its labor force, but is concerned about the impact downsizing will have on its remaining employees. One policy that might allow Krandall to reduce its labor force without adversely affecting morale is to:

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Offering early retirement benefits would allow Krandall to reduce its labor force without resorting to layoffs or firing employees, which can harm morale. Employees who are near retirement age may be happy to receive an offer to retire early, and this can be a win-win situation for both sides. The employees get to retire earlier than planned, and the employer gets to achieve its downsizing goals without creating negative feelings among its remaining workforce.

The Krandall Corporation Wants to Reduce Its Labor Force, but Is