Which of the following terms refers to reducing the workforce through the departure of employees who resign or retire?
A) a hiring freeze
B) a worker loan-out program
C) attrition
D) termination

Question

Quizplus · Accepted Answer

Attrition refers to reducing the workforce by not replacing employees who resign or retire. This is a natural process that can help organizations save on costs and avoid layoffs or terminations. A hiring freeze refers to stopping the recruitment of new employees for a certain period, a worker loan-out program refers to loaning employees to other companies, and termination refers to ending an employee's contract due to poor performance, misconduct, or other reasons.

Which of the Following Terms Refers to Reducing the Workforce