ABC Bank is experiencing rapid retirement of baby boomers. The bank needs to retain its employment levels because of the volume of work, and it does not want to increase the workload of its employees. Which of the following is a good strategy for the bank to pursue to address this situation?
A) Do nothing as the situation will rectify itself.
B) Offer higher compensation packages to attract qualified candidates.
C) Downsize the firm to save on labour costs.
D) Increase production efforts so as to gain more revenue.
Correct Answer:
Verified
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