Workforce reductions and employee layoffs may be effective in improving short- term performance but will not by themselves produce the human resource competencies required to support strategic renewal and sustain outstanding performance.

Question

Quizplus · Accepted Answer

Workforce reductions and employee layoffs can help a company cut costs and potentially improve short-term financial performance. However, these measures do not directly contribute to building the human resource competencies necessary for strategic renewal or sustaining long-term outstanding performance. Competencies are developed through investment in employee development, training, and strategic HR practices, which are not achieved simply through workforce reductions.

Workforce Reductions and Employee Layoffs May Be Effective in Improving