Harold is a sales manager associated with TickTock Watches for the past thirty-five years; he was instrumental in the company's success. As an attempt to dissuade Harold from complete cessation of work, the management of TickTock Watches provided Harold with reduced working hours and offered him the role of a mentor. In this scenario, the arrangement offered to Harold by TickTock Watches is _____.

Question

Quizplus · Accepted Answer

Phased retirement involves reducing working hours and responsibilities as a transition into full retirement, which is what was offered to Harold.

Harold Is a Sales Manager Associated with TickTock Watches for the Past