An alternative to layoffs in which all employees agree to reductions in pay in order to keep everyone working is called a
A)bump with pay.
B)ring-of-defence.
C)contingent employment.
D)voluntary reduction in pay plan.
E)voluntary time off with reduction in pay.

Question

Quizplus · Accepted Answer

The alternative to layoffs where all employees agree to reductions in pay is commonly known as a voluntary reduction in pay plan. It allows the company to save money while keeping all employees employed.

An Alternative to Layoffs in Which All Employees Agree to Reductions