In a labor surplus,an organization can allow natural ______ to lower organizational numbers without the need for a layoff or pay reduction.

Question

Quizplus · Accepted Answer

In a labor surplus, where there are more employees than the organization requires, attrition can be a natural way to reduce organizational numbers without having to resort to layoffs or pay reductions. This means not filling vacancies as they arise, or allowing employees to retire or resign without immediate replacement. Work-sharing may involve reducing the number of hours worked by employees, while downsizing refers to a significant reduction in the workforce, often involving involuntary layoffs.

In a Labor Surplus,an Organization Can Allow Natural ______ to Lower