This is a way in which companies often trim their payroll responsibilities by encouraging higher paid workers with more seniority to voluntarily leave the company earlier than previously planned.
A) resignation plans
B) severance plans
C) early retirement programs
D) employee expenditure plans

Question

Quizplus · Accepted Answer

The best choice is C) early retirement programs, as this describes the practice of encouraging higher paid workers with more seniority to retire earlier than planned in order to reduce payroll expenses. A) resignation plans and B) severance plans may also result in reduced payroll, but they don't specifically relate to encouraging early retirement. D) employee expenditure plans doesn't make sense in this context.

This Is a Way in Which Companies Often Trim Their