In a labor surplus,some form of ______ is an option for lowering labor costs without terminating employees.

Question

Quizplus · Accepted Answer

Work-sharing is a form of reducing labor costs without terminating employees. In this option, employees' working hours are reduced, and they share the remaining work hours. This allows the company to save money while retaining its workforce. Overtime, on the other hand, increases labor costs, and layoffs and downsizing involve terminating employees, which is not a viable option for reducing labor costs without affecting the workforce.

In a Labor Surplus,some Form of ______ Is an Option