You are the HR Manager of a company experiencing the loss of market share and declining profits.The CEO would like you to recommend a strategy for gradually reducing staff while avoiding involuntary turnover.Which of the following would be the best recommendation?
A) Introducing a reduced workweek
B) Laying off employees
C) Offering attractive buyout packages
D) Downsizing through attrition
E) Offering attractive early retirement packages

Question

Quizplus · Accepted Answer

Downsizing through attrition involves not replacing employees who leave the company voluntarily, such as through retirement, resignation or finding a new job. This would allow the company to gradually reduce staff without having to resort to laying off employees or offering buyout packages. This method can also provide an opportunity for restructuring and reorganizing positions to better fit the company's current needs.

You Are the HR Manager of a Company Experiencing the Loss